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"Paper money, spewn out like confetti by all economies in response to COVID-19 is going to render it virtually valueless"
I don't disagree, and in fact I have some sympathy with this argument. But this argument has been used since the 2008 financial crash and long before that. Timing is every thing. As they say in the markets "being early is the same as being wrong".
Paper money, spewn out like confetti by all economies in response to COVID-19 is going to render it virtually valueless. Far better to have it in commodities, hence the Chinese strategy of buying these up now.
CITIC is not going to be representing a Russian miner. They are a state owned Chinese bank.
For sure, NN are not going to want to let the Chinese get their hands on a Palladium/Platinum rich piece of real estate on their doorstep, hence the likelihood of a great deal for shareholders here. A 'bidding war' indeed.
EV's time will come but it's a good ways off atm. And, as we have read on this BB, Palladium and Platinum still have a role to play in the advancing battery technology and hydrogen fuel cells.
China is continuing to increase production of diesel engine vehicles.
Yes well thanks for the info.. I bought the paper and read the artyicle and am still convinced that the onbly bidder is NN.. or some other Russian. It does mention the reduction of demand for Cats.. with EVs but come the approaching recession and what Goldman said last week''Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency.
With Congress closing in on another round of fiscal stimulus to shore up the pandemic-ravaged economy, and the Federal Reserve having already swelled its balance sheet by about $2.8 trillion this year, Goldman strategists cautioned that U.S. policy is triggering currency “debasement fears” that could end the dollar’s reign as the dominant force in global foreign-exchange markets.
While that view is clearly still a minority one in most financial circles..''. Yes because the US govt doesn't want it duscussed.. 'don't frighten the horses'
Reading the headlines... I don't see any good news out there!
Some LTH who have already made a considerable profit will have stop losses as a "just in case" not wanting to lose out.
MM's appear to be hunting down those vulnerable PI's. But with the amount of shares traded recently it looks like they're running out of options. Would not be surprised to see a big last ditch effort next week. Hold your nerve and look to the future.
This time next year Rodney......
Stix you could see why they would want the London palladium!! Maybe they’ve got the wrong end of the stick !!
Evening Stix, yeah, it's the same for everything the chinese want to get a hold of, they're not afraid to pay well over the top to get a hold of things. It's why in a bidding situation with multiple parties, and they're one of them, it becomes financially advantageous to us PI's holding shares in this current FSP.
I know the article is about gold but same applies , you can see that they are on a spending spree buying up as lock downs relax around the globe , and apparently interested in Theatres in Britain as well (cheeky Buggers , don't want the chinese owning the albert hall and London Palladium !!
Looking forward to next week, we could get some fireworks as we inch closer and closer to the end as well more details on that likely JUB short . Strong price support at 16p, usual pattern has been to suppress the price during the day then rise into close and I expect this pattern to break with a break out as this coiled spring is ready to release.
The MM's will be fully aware of the intraday price activity and its only a matter of time this predictable pattern is broken and traders caught out. MM's dont like predictability as they loose some of their advantage, let the games begin.
Thanks for THE TIMES page 32 article precis, I didn't get one today so thank you.
The mention of tantalum and I think back to the 90s where tantalum bead capacitors were all the rage for miniaturisation and small size, to in the 2000s they were the pain of the electronics industry for failing at will, just saying.
This is something Rowka highlighted several days ago. Rare earth metals in abundance at Our sites, and our bod know this..
Enjoy the weekend guys
@drunkinftl - the Times article describes how rare earth metals will drive the new Industrial Revolution, and is currently dominated by China. Only a small mention of Platinum, Palladium and Rhodium but interesting that China supplies 80% of America’s demand for RME’s. These metals such as tantalum are crucial to advanced weapons production and while the USA tries to create alternative supply chains, it is well behind and it’s arms and aerospace industries could be punished with a flick of a pen in Beijing.
Click the 'view original' tab after following the lexology link, if it doesn't take you directly to the article.
We won't find out the result of a bidding war until it's over. The first thing we will hear may be a offer that the BOD recommend, but that only starts the ball rolling, a counter BID can easily come after, the BOD withdraw the recommendation for the previous offer and recommend the new offer.
A bidding war is very much available within a FSP -
"As such, a competing bidder can always make a higher bid and the board of the target company can always withdraw its recommendation."
"However, for companies with a small number of valuable assets, a would-be farm-in partner or asset purchaser might instead consider buying the whole company, meaning that the transaction then becomes a public M&A process subject to the Code. If several would-be bidders for the company emerge, an FSP may be the most desirable means to pursue that process."
Now where could we find several would-be bidders for the company? -
"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."
Nope nothing ..got to go to the shops I'll pick up a copy!
The question is how much of a premium will they be prepared to go to, obviously it depends on how many other bidders and how much they want these amazing assets! Would like to think that rowka's £3.50 could be achieved but as always time will tell! Hopefully not too long to wait until the result of the bidding war is revealed!
Also this bit Stix -
"Toronto-based Guyana Goldfields announced on June 3rd that it had received a binding proposal from an unnamed overseas-based miner to acquire the company, valuing it around 35% higher than a previously accepted offer from Silvercorp Metals"
I like this bit Stix -
"Chinese global gold miners are making all-cash offers for small-cap juniors at large premiums"
I can't find this Times article can someone give the Headline pls!
I always felt the Chinese would be the favourites, sure there will several interested parties but the Chinese will get state backing and will blow the rest out of the water including NN.
Usually when the Chinese want something they get it and will pay top dollar to do it. They have a huge pollution issue and need the PGM's, whilst Russia has plenty but would want to control the global supply and demand.
It will be a fight between the Chinese and NN, as for the others they may have to join forces to compete, interesting and exciting times ahead.
For those who are unaware an interesting video on you tube how MM's got stop loss raiding, protect your investments are remove your stops. https://www.youtube.com/results?search_query=market+makers+stops
When MM's go fishing its because they have a shark with a big mouth to feed, dont be that fish.
Very special find Duck, it does indeed seem obvious that the Chinese are coming!!
Sorry for the clumsy cut and paste. Never easy with a mobile phone :-(
From the RNS of 9th July -
London South East
Nigerian independent E&P producer Seplat delivers 51K boepd against difficult backdrop #SEPL Watch Now
Share PricesEurasia Mining Share PriceEurasia Mining Regulatory NewsRESTORATION OF TRADING ON AIM
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Share Price Information for Eurasia Mining (EUA)
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Spread: 1.00 (5.88%)Open: 17.50High: 17.75Low: 16.75Yest. Close: 17.60
EUA Live PriceLast checked at 15:35:34
RESTORATION OF TRADING ON AIM
Thu, 9th Jul 2020 07:00
RNS Number : 4583S
Eurasia Mining PLC
09 July 2020
9 July 2020
EURASIA MINING PLC
("Eurasia" or "the Company")
restoration of trading on aim
Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula, clarifies the status of the Company's relationship with CITIC Merchant Co Limited ("CITIC Merchant"), and is pleased to announce restoration to trading of the Company's ordinary shares on the AIM market and the launch of a formal sale process under the UK Takeover Code.
The Company confirms that it has entered into a success fee based engagement letter with CITIC Merchant to, amongst other things, explore possible strategic options for the Company's mining assets.
launch of formal sale process under the takeover code
As per the announcement released by the Company on 1 July 2020, the Board has appointed UBS Investment Bank ("UBS") as its leading adviser to assist in a review of its strategic options including asset sales or a sale of the Company. For more details please refer to the RNS released on 1 July 2020.
In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019".
Could there be any clearer indication that the Chinese are interested?
Yes, the chinese have always been the people to beat in a bidding war in my eyes. They will bid very high to try and secure what they want/need.
Competition to them will know how they play ball, so expect fireworks as it will be highly competitive for something like Monchetundra imho.
It's not just the rare earth metals/minerals the Chinese are after - it appears control of the supply chain is more important :-/