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Montmuzard: IMO I think you have hit the nail on the head. Lining up the ducks.
You just need to think of timeframes for construction if i'm honest, we're nearly halfway through 2022, 2024 isn't really that long away when you have two Hydrogen plants planned to be built. How long would they take to be constructed and running efficiently, 18 months perhaps?
There's land acquisition, ground investigation, engineering plans to be drawn up etc, all prior to the actual construction starting. An 18 month window could possibly be feasible for such large tasks.
GLA
"why would you need to a hire in a very experienced (and presumably well connected) M&A guy to close out a deal?
Why wouldn't you, especially given how complex the transactions presumably are, and how that has likely been complicated by the ongoing geopolitical instability?
"The appointment feels much more to me like EUA had someone ready to buy their assets, who now can't due to sanctions/reputational hazard, and so EUA are having to pivot to BRIC countries (i.e. mainly China / Southeast Asia where Matyushok specialises) in order to find another buyer".
It's possible that this is true, but if the original credible party that informed them in writing that it had completed due diligence had equally informed them in writing that it had pulled out then they would have to update the market. Given that every recent RNS has said business as usual, it's equally (if not far more given his expertise) likely that Artem's appointment relates to the hydrogen project and the PGM/nickel deals are ready to roll.
"I would point out that Matyushok i also on the board of H2Transition so it's possible he's only been brought in to work on EUA 2.0 whilst EUA 1.0 sits on ice."
So if you think he's been brought in to work on EUA 2.0 why are you also saying above that he's hawking the other assets around to BRICS buyers? It's far more likely, in my view, that the first part of your comment here is right, but not the second: he's been brought in to work on EUA 2.0 (he may even be the missing jigsaw piece to keep things ticking over after the fundamental change of business) while the EUA 1.0 deal isn't on ice at all, but is rather very close to being executed.
"If its a full asset sale I guess we wont have shares in EUA2?"
My suspicion all along has been that, if the EUA 2.0 is going to take the hydrogen project forward, there'll be a dilution down the line with existing shareholders given the opportunity to reinvest some of their dividend from the EUA 1.0 asset sales into the new company. However, with today's news - and ongoing questions over Russia since the war - it could well be that Artem is being put in place to facilitate a quiet disposal down the line. Either way, it's all gravy for existing shareholders IMO.
Potentially Aspen yes, 2024 for Hydrogen pilot production and so it would grow from there for many years. His age does make him the perfect fit for the fundamental change of business, Christian retires as picked up via RNS of another company he is on the BOD of, potentially passing the reigns over to Russian Alexei on the geological front -
https://twitter.com/AlexeiBoucher?s=20&t=ooJclGoL-LWgvtRt0U2TMg
It is going to be very interesting to see exactly what takes place. If you've been here years then you've watched them systematically move piece after piece to arrive at this very large junction.
GLA
The RNS is clear artem is in to speed up asset sale so it's going too slow...surprised the bod didnt realise this after a few years lmao
" The intention from the board is clear. We have got so far but now need help closing out the deal. It will be big. "
I'm not sure this makes sense, why would you need to a hire in a very experienced (and presumably well connected) M&A guy to close out a deal? The appointment feels much more to me like EUA had someone ready to buy their assets, who now can't due to sanctions/reputational hazard, and so EUA are having to pivot to BRIC countries (i.e. mainly China / Southeast Asia where Matyushok specialises) in order to find another buyer. I'm afraid your comment is the equivalent or Ian hammering in a nail for 2 years, and the moment he gets 1 hit away from getting it in, he pays Eddie Hall shed loads of cash to do the final hit. Just doesn't make sense.
I would point out that Matyushok i also on the board of H2Transition so it's possible he's only been brought in to work on EUA 2.0 whilst EUA 1.0 sits on ice.
ALIMHO AATS.
CTC, maybe recollecting incorrectly. I seemed to recall that the asset sale needs to be voted, but the company sale would not.
Mute point as it's been printed out that eua would not be sold, but rather the assets. This would leave us with shares in EUA, now holding cash from the sale.
The bod said previously there was and I quote "nothing preventing them from executing on their strategy..." so why the appointment? The only thing could be it now all has to be in russian....
They could be pessimistic about the futur in Russia
If its a full asset sale I guess we wont have shares in EUA2?
Appreciate the need to be pedantic :)
The current climate has probably pushed them to 100% asset sale v the original segmentation and continuation of EUA 2.0.
Just my thoughts, based on the specific placement of "Russian".
WaitingRoom, fair point. In which case, to clarify, I think EUA 2.0 is going as well.
AssetS sale
"...Russian assets sale process".
Don't believe there has been this type of generalisation and given that all of our assets are Russian, there's no reason to state this specifically.
Chairman specifically says asset sale
Artem is only 41 years old, plenty of years ahead of him, is this also a factor ?
IMO, I think the BOD has moved forward with a full company sale, due to the current environment.
My understanding is that a full sale dies not require shareholder approval.
It is also, overall, the best strategy for all shareholders, assuming no unfair sale price manipulation.
GLA
From Twitter also no 'potential' asset sale in CS quote, just speed up Russian asset sale - could it be done and dusted!
Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that Artem Matyushok, a high profile M&A professional has agreed to join Eurasia. The experience of Artem and his knowledge of Eurasia can significantly speed up our Russian assets sale process".
GLA
Next logical step to join EUA to progress this strand of the business
Artem was mentioned in that December strategy RNS as a member of H4 Energy
That's it DownToTheBone, mueslibrown was on to it all a long time ago now. Artem has been getting the fundamental change of business ready imho. The stage that happens after the asset sales take place.
Tick tock, tick tock . . . .
GLA
Wait for it - Artem possible BoD appointment suggested in Dec 2021 … for EUA v2!
https://twitter.com/imueslibrown/status/1526828721327509506?s=21&t=X8UFQfajwKix83wmUA6jHg
mac is bang on with this one.
Very positive news, would suggest wrapping up before end game
My response ...tongue in Cheek :-)
We're humans, sometimes we're right, sometimes we're wrong.
On these BB's, its somewhat different, people are never wrong, and they will defend their position 24/7.....mad mad world we live in