ACF Equity Research

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers  with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.

Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.

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EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 17092021

Eurasia Mining (EUA.L) an AiM-quoted Russian Pd / battery metals dominated PGM miner, released an RNS 15 Sep 21 stating upward changes to its expected production profile for its Kola peninsula, Monchetundra West Nittis (WN) and Loipishnune (Lo) smaller assets. The RNS suggests to us an acceleration to peak production and an increase in Pd volumes at that peak production rate, we are considering a possible revision to our estimates for the potential of these two smaller Monchetundra assets. We cu...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 06092021

We raise our valuation range >40% for Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM mine. The valuation approach and range remain conservative. We have examined the overall risk of EUA’s projects and concluded that recent progress reduces our project execution risk assumption. We have expressed this risk reduction by cutting our WACC on the Monchetundra Flanks project only from above 22% to 17%, still very significantly above our 8% WACC for EUA PGM producing as...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 01092021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM miner, confirms Monchetundra geochem successfully completed by Norilsk Nickel’s engineering arm Gipronickel. Wardell Armstrong Intnl site visits and audit of Moncheturndra drill core results held at Central Kola Expedition (CKE) warehouse completed. EMR, known for cross referencing Russian mineral reserves data with international JORC standard is coordinating Monchetundra DFS. EUA expects CKE’s Monchetundra detailed ...

EUA EURASIA MINING PLC (Basic Resources)
ACF Financials
  • ACF Financials

The Reputation Exchange REPX Update Note ACF 17082021

The Reputation Exchange (REPX) is a fintech/esports company with a unique social engagement model using affiliate marketing. With branded prepaid cards assigned to top sporting and influencer brands planned for roll-out in the next 21 months. REPX is in the final steps of its LSE standard list introduction; has listed on Cyprus; has completed its EMIL application; has an agreement offering its product in SEPA, North Am and LatAm; and a Deloitte mandate to find a strategic partner. We expect hig...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 05082021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd dominated PGM miner, has scaled production from 1 plant to 3 plants at the world’s largest soft rock PGM open pit mine, according to management. We expect EUA to add a further 3 plants (6 in total) to reach 64k oz p.a. PGM production. Definitive Feasibility Study (DFS) and Detailed Design completed for the entire West Kytlim project. EUA has set up a Japan office to engage with parties interested in its expanded range of PGM and battery metals fol...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 17092021

Eurasia Mining (EUA.L) an AiM-quoted Russian Pd / battery metals dominated PGM miner, released an RNS 15 Sep 21 stating upward changes to its expected production profile for its Kola peninsula, Monchetundra West Nittis (WN) and Loipishnune (Lo) smaller assets. The RNS suggests to us an acceleration to peak production and an increase in Pd volumes at that peak production rate, we are considering a possible revision to our estimates for the potential of these two smaller Monchetundra assets. We cu...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 06092021

We raise our valuation range >40% for Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM mine. The valuation approach and range remain conservative. We have examined the overall risk of EUA’s projects and concluded that recent progress reduces our project execution risk assumption. We have expressed this risk reduction by cutting our WACC on the Monchetundra Flanks project only from above 22% to 17%, still very significantly above our 8% WACC for EUA PGM producing as...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 01092021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM miner, confirms Monchetundra geochem successfully completed by Norilsk Nickel’s engineering arm Gipronickel. Wardell Armstrong Intnl site visits and audit of Moncheturndra drill core results held at Central Kola Expedition (CKE) warehouse completed. EMR, known for cross referencing Russian mineral reserves data with international JORC standard is coordinating Monchetundra DFS. EUA expects CKE’s Monchetundra detailed ...

EUA EURASIA MINING PLC (Basic Resources)
ACF Financials
  • ACF Financials

The Reputation Exchange REPX Update Note ACF 17082021

The Reputation Exchange (REPX) is a fintech/esports company with a unique social engagement model using affiliate marketing. With branded prepaid cards assigned to top sporting and influencer brands planned for roll-out in the next 21 months. REPX is in the final steps of its LSE standard list introduction; has listed on Cyprus; has completed its EMIL application; has an agreement offering its product in SEPA, North Am and LatAm; and a Deloitte mandate to find a strategic partner. We expect hig...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 05082021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd dominated PGM miner, has scaled production from 1 plant to 3 plants at the world’s largest soft rock PGM open pit mine, according to management. We expect EUA to add a further 3 plants (6 in total) to reach 64k oz p.a. PGM production. Definitive Feasibility Study (DFS) and Detailed Design completed for the entire West Kytlim project. EUA has set up a Japan office to engage with parties interested in its expanded range of PGM and battery metals fol...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 17092021

Eurasia Mining (EUA.L) an AiM-quoted Russian Pd / battery metals dominated PGM miner, released an RNS 15 Sep 21 stating upward changes to its expected production profile for its Kola peninsula, Monchetundra West Nittis (WN) and Loipishnune (Lo) smaller assets. The RNS suggests to us an acceleration to peak production and an increase in Pd volumes at that peak production rate, we are considering a possible revision to our estimates for the potential of these two smaller Monchetundra assets. We cu...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 06092021

We raise our valuation range >40% for Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM mine. The valuation approach and range remain conservative. We have examined the overall risk of EUA’s projects and concluded that recent progress reduces our project execution risk assumption. We have expressed this risk reduction by cutting our WACC on the Monchetundra Flanks project only from above 22% to 17%, still very significantly above our 8% WACC for EUA PGM producing as...

EUA EURASIA MINING PLC (Basic Resources)
ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Flash Note ACF 01092021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd / battery metals dominated PGM miner, confirms Monchetundra geochem successfully completed by Norilsk Nickel’s engineering arm Gipronickel. Wardell Armstrong Intnl site visits and audit of Moncheturndra drill core results held at Central Kola Expedition (CKE) warehouse completed. EMR, known for cross referencing Russian mineral reserves data with international JORC standard is coordinating Monchetundra DFS. EUA expects CKE’s Monchetundra detailed ...

EUA EURASIA MINING PLC (Basic Resources)
ACF Financials
  • ACF Financials

The Reputation Exchange REPX Update Note ACF 17082021

The Reputation Exchange (REPX) is a fintech/esports company with a unique social engagement model using affiliate marketing. With branded prepaid cards assigned to top sporting and influencer brands planned for roll-out in the next 21 months. REPX is in the final steps of its LSE standard list introduction; has listed on Cyprus; has completed its EMIL application; has an agreement offering its product in SEPA, North Am and LatAm; and a Deloitte mandate to find a strategic partner. We expect hig...

ACF Extractives
  • ACF Extractives
EUA Eurasia Mining ... (Basic Resources)

Eurasia Mining Plc Research Update ACF 05082021

Eurasia Mining (EUA.L), an AiM-quoted Russian Pd dominated PGM miner, has scaled production from 1 plant to 3 plants at the world’s largest soft rock PGM open pit mine, according to management. We expect EUA to add a further 3 plants (6 in total) to reach 64k oz p.a. PGM production. Definitive Feasibility Study (DFS) and Detailed Design completed for the entire West Kytlim project. EUA has set up a Japan office to engage with parties interested in its expanded range of PGM and battery metals fol...

EUA EURASIA MINING PLC (Basic Resources)

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