George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I’m awake
Wakey wakey campers, lets hope for another rns at 7.
Nice post ethio, I'm also thinking Norlisk for all the reasons you've stated. Makes sense, ..... ffs it wasn't so long ago that EUA even released a picture of the Rosgeo JV progress pointing out the Norlisk processing plant in the background!!!!!
Ethio.
You are a GENIUS with capital letters.
Great call.
EThio, gecko & all
USA ii purchased twice at 26.5 & wanted more # queuing up
Veles transaction has been repurchased by AC on the quiet - very positive as this Dude has EUA blood in his veins
BOD & ii own 50% of stock & BOD not sold a dime
ii generally added month on month & now likely netting the kippers # behind us in the queue
All cranking up for the long awaited conclusion in my eyes
Rums all Round
Happy to wait for a few more $billion.. !
Ice cool !
GLG, we've placed @26 , Veles @29p and Blackrock @38p. At current price, its a give away. That's why we saw nothing but buys in the 19s and 20s. At some point, they have to let her go and just like we've seen in the past, 150% raise in days is coming to burn the shorts. When sale is announced, shorts will end up like Jub Capital, bankrupt and unable to settle their borrowed shares which will foook up the brokers. They're playing with fire, the lot of them!
NN would be better for the impatient here who want a speedier sale.
"The Monchetundra Definitive Feasibility Study (DFS), contracted to CKE and EMR (both defined below), is in the final stages of its development further to the successful completion of geotechnical and other studies performed by Gipronickel (an engineering arm of Norilsk Nickel) as well as an audit by Wardell Armstrong International."
Today's RNS
"Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence."
You have to assume its NN that completed their Due diligence for MT. Why else would they have an audit done and all kind of tests?. All in the RNS from 1st sep.
successfully completed = NN are happy with their findings at MT. If there were any issues, it would have meant they pulled out but they put in a written interest. Rhodium and Palladium baby!!! That's what made some $7 billion profit for NN in 2020, look it up in their annuals. 60% Palladium at MT, lots $$$$$. Lets say 5% of what's at MT is Rhodium, i will let you do the maths. Huge! EUA valued MT at $1.3b in 2018. Its been RNS'd. That figure today would be multiples as the prices of what's in our basket has gone up considerably/multiples and note, we're only talking about MT here. NN will want the Rosgeo assets too. All are close to each other and a big company like NN would not have to build many processing plants to get the best at Kola.
BIDDING WAR
NN seem to have competition. I believe that's why DS has stopped twitting. I have said it before and i will again, Tesla may be in the mix. Kola would be perfect for their increasing demand. They are a TRILLION $ MC and they need our metals to achieve their goal.
In today RNS EUA told you, "We see competition for Nickel-Copper-PGM assets"
That competition is coming from car companies. War between car companies and mining companies for assets.
As EUA share holder of some 2 years now, i have nothing to worry about. I don't even bother looking at chat BBs. I don;t trade EUA, i cannot risk it. We have THE BEST bod and they're doing great. Don't let the deramp crew get to you. With this RNS, the BOD are telling LTHs to say calm while the MMs play their game. Don't let the price cloud your judgment and ignore these 50p per post derampers. GLA