We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
a lower class deramper sigh...........company stated selling to BRICS, nothing the UK or West can do or sanction us selling to another Russian or more likely imo Chinese Company. Would not at all be surprised if Sino have teamed up with bigger Chinese entity to take a lot of assets myself.
If the M and A and business hasn’t changed due to the invasion then the sale was never close when the bod was RNS ‘shortly’ five months before the conflict and Tweeting implying things were coming to a conclusion before Vlad went mad too. Seems to be one carrot after another regardless if a war or not.
One day Rodders
You're very welcome SandyBugler.
GLA
Mac
Thanks for clearing that up, much appreciated as always.
Pompeyrod.
Top draw posting & a thumbs up from me.
Cheers
Sandy
TheGazBaz, there is not one sanction that can prevent a Russian company buying another Russian company. The assets are held in Russian subsidiaries which are not listed on any market.
GLA
It all, theoretically, takes us all back to the original bank RNS -
24th Oct 2019 9:53 am RNS Engagement with CITIC and VTB Capital
If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it.
https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html
That Aim rule.
They can suspend for a long time, up to 6 months i believe, but, it always looks unprofessional, so, a swift and efficient suspension and listing as a fundamentally new business is clearly the most professional route they can take.
Shareholders were barking after 24hrs, could you imagine a longer one at this stage?
GLA
@Mac4671 didn't I read somewhere that Rosneft are included in the sanctions list? Preventing them from acquiring or investing in anything?
@bonzob…thank you sir …most kind of you …afraid I don’t do tea stains..:-)) pompey g
"The experience of Artem and his knowledge of Eurasia can significantly speed up our Russian assets sale process" - The way in which he speeds it up is by having the fundamental change of business all ready and in place to move in to once the PGM and Battery Metal assets sales have taken place. Without a clear new business model they can't make the relevant new Aim listing and move forward after the significant asset disposal you see.
It gets complicated because there are many aspects as to what they currently wish to achieve, his new role points to him being successful in what he specialises in, the energy sector, the H4Energy JV. It must all be very close to being done imho
GLA
Pompeyrod what a brilliant reply,nigh on choked on my cup of tea
Not potential sale the words are our sale
and also progress M and A
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".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We welcome Artem Matyushok on board to progress our M&A journey".
Neil, the current price is still hundreds of percent higher than when some of us first started investing here. Sorry that you missed out.
In this instance, the easiest way to look at it is Dmitry is doing the PGM and Battery Metal asset sale M&A, Artem will be doing the H4Energy JV M&A. He'll potentially be in charge of the M&A and business development of the H4Energy JV, which, quite clearly includes the Eurasia Mining Japan arm that we know of. That's his speciality, the energy sector.
GLA
We're drowning in your salty tears Neil
No SandyBugler. They know two different industries. It's like a mechanic, some specialise in cars but others specialise in Wagons. Both are trained experts in what they do, just, there is a slight variance of what they target and specialise in. The same thing applies to M&A.
GLA
@neilllmcmc11…macs been here for years like me..he has ..yes used cut & paste but in my mind and that of other LTH’s to good effect.. we’ve picked up a lot from his post and you..a member from Jan ‘21 come on here and pick holes..shame on you..
I’ve picked up your toys, put ‘ em back in your pram and the nanny in the green bin will cahange your nappy cause you stink nipper..sorry guys not my usual standard but needs must eh ..pompey
So you could summarize that the asset sale is too great even for Demitry.
Not at all Twistedgenius. The biggest issue is peoples lack of business knowledge tbh. If you are to have a fundamental change of business then you are to require an expert in the field of that change of business.
Dmitry knows commodities, and expert in them, Artem knows the energy sector, and expert in it! Put them together in this current situation and you basically have an M&A dream team!
GLA
Neil, I don't think a sale will be enough to stop Mac's daily cut and paste. He'll still be here long after this is all over finding something to cut and paste. The big difference is that the rest of us will have less of a reason to check in here.
I'm hoping that the divident paid out as a result of the sale is big enough that I can sell any remaining shares and I'll never have to come back on this forum again to see what's going on. The wait for this sale has been a long one but fingers crossed it eventually becomes a profitable one for all involved.
Think mac has his hands full whilst lying down and relaxing with his kola cubes;)
After all the shananigans of the last few days all that's come of it is the sale of assets is still a waiting game, we are still months away.
Looks like dmitry was out out of his depth in getting this over the line, hence the new appointment.
The wait goes on!!
No Lucando, he's the best man over there by all accounts.
If there was a large revolution to do with energy transition, he's the man you would want at the helm in Russia.
He's perhaps spotted the opening in the market and has made his move as an individual, coupled with the other BOD members they would make a very effective large company making team running the H4Energy JV.
All of these top level people have arrived at Eurasia for whatever we're all going to see take place!
GLA
From reading that he doesn't appear to hang around either
Russia is changing to green energy as well, it makes perfect sense that their Oil major will be investing in to a relevant green energy sector for the transition.
Oil and Gas sanctions may actually just speed up the switch to things like Green Hydrogen tbh.
GLA
"Whatever he is doing here is it M&A related 100%"
This is the exciting bit. Whatever has happened up until now, the BOD has decided it's time to bring in somebody with a proven track record. You don't manage a $40bn M&A if you don't know what you're doing.
Maybe things have stalled or the BOD just feel he may help get this over the line, either way it's good to have somebody with this level of experience managing the transition.