Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
They can only secure PGM deposits via the FSP, that's what the FSP is for -
"has already added significant value by bringing interested parties from Japan, that are keen to secure PGM deposits"
Potentially initially moved for Monchetundra at the start of the FSP, as negotiations have progressed and more has been found out through DD, a full acquisition offer is highly likely to have been tabled. Perhaps some interested parties even held off until that Rosgeo FS was submitted to the Russian cadastre at the end of 2020, hence the non-binding offer RNS coming in January.
It has been a long FSP, but they are selling first mover position on an entire PGM and battery metal district, very complex layered resource area which will have had an awful lot of ground data from exploration to go through during due diligence.
Hopefully we'll find out a little more this week. EGM is 10 days away now, so that's not long away. I'm at least expecting what was found to have been submitted on the 16th to drop in RNS and also something stating processing ore has started at West Kytlym.
GLA
All good things come to those who wait. Anyone stupid enough to sell at this crucial point in Eua's success story will be very disappointed. Don't listen to these doom mongers , they just want your shares because they are VERY aware how much we are going to make from this deal!
GLA!
You'll also note that there have been keen buyers wanting to acquire Monchetundra from day 1 of the FSP -
"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."
Whatever they've been working on this whole time, rest assured that it's a big un!!
GLA
The FSP was specifically set up to keep anyone participating a secret -
"The Takeover Panel has granted a dispensation from the requirements of Rules 2.4(a), 2.4(b) and 2.6(a) of the Takeover Code such that any interested party participating in the formal sale process will not be required to be publicly identified as a result of this announcement and will not be subject to the 28 day deadline referred to in Rule 2.6(a) of the Takeover Code for so long as it is participating in the formal sale process."
"The interested parties shall be invited to submit their proposals to UBS. It is currently expected that any interested party wishing to participate in the formal sale process will, at the appropriate time, be required to enter into a non-disclosure agreement with Eurasia on terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties participating in the formal sale process, before being permitted to participate in the process. 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."
GLA
NDA's Isomer, they're not going to company name drop in RNS prior to any deal announcement, if a consortium has moved it will have moved via the NDA governed FSP ran by UBS.
GLA
"JX Nippon Mining & Metals is a company in the field of nonferrous metals and a core member of the JXTG Group, which aims to become one of Asia’s leading energy, resources, and materials business groups."
"Our mission is to provide to society stable supplies of materials, including copper, rare metals,
precious metals,"
"To open up one more growth strategy option, in July 2018 we acquired all shares in the German company H.C. Starck Tantalum and Niobium GmbH, jointly with the Japan Bank for International Cooperation."
https://www.nmm.jx-group.co.jp/english/sustainabilityreport/pdf/report2018_e_full.pdf
That company in particular is also known to work with Toshiba -
"Kawasaki, Japan — Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) and Toshiba Plant Systems & Services Corporation (hereinafter “TPSC”) today announced that a consortium of the companies has won an EPC*1 contract that includes civil engineering for replacement work for the Goi Thermal Power Station from Goi United Generation LLC. (hereinafter “GIUG”), which is jointly funded by JERA Co., Inc. and JXTG Nippon Oil & Energy Corporation"
https://www.toshiba-energy.com/en/info/info2019_070
Hydrogen producer of the consortium -
http://www.iwatani.co.jp/img/eng/pdf/newsrelease/102/20201214_news_e1.pdf
"Air Liquide is contributing to the opening of markets linked to the energy transition, such as hydrogen energy. We offer innovative solutions to laboratories and research center."
https://www.airliquide.com/japan/our-business-offer#science--new-energies
The new NED -
"After returning to Tokyo in 2010 Tamerlan founded INVERO Advisors, an investment, strategy consultancy and M&A boutique focusing on private equity, project finance, global strategy, business development and cross-border M&A."
I don't call the potential deal 'Tokyo Drift' for nothing lol
GLA
"The Directors also welcome aboard Tamerlan Abdikeev as our new Non-Executive Director and the head of Eurasia in Japan, who has already added significant value by bringing interested parties from Japan, that are keen to secure PGM deposits for nuclear contaminated water cleaning and for the hydrogen economy, where Japan is striving to take the global leadership position."
Tokyo drift baby -
"Development of Hydrogen in Japan
Japan is one of the further advanced countries in relation to developing hydrogen projects and has the advantage of having a designated government policy supporting the uptake of hydrogen, coupled with a public acceptance of hydrogen projects in the domestic-energy mix.
Japan is now in the third wave of hydrogen. The first wave was in the early 1990s, the second wave was in early 2000s, and the third wave started around 2015. In pursuit of finding a way to be independent from the fossil fuel produced in the Middle East and recognising both Japan’s limited domestic energy resources as well as a desire to decarbonise its energy mix, Japan made a deliberate choice to develop a hydrogen-based society in the 1990s."
https://cms.law/en/int/expert-guides/cms-expert-guide-to-hydrogen/japan
"With the Basic Hydrogen Strategy released on December 26, 2017, Japan reiterated its commitment to pioneer the world's first 'Hydrogen Society'. The Strategy primarily aims to achieve the cost parity of hydrogen with competing fuels, such as gasoline in transport and LNG in power generation. The retail price of hydrogen is currently around 100 yen per normal cubic meter and the target is to reduce it to 30 yen/Nm3 by 2030 and to 20 yen/Nm3 in the long-term. Toward this end, over the past six years, the Japanese government has dedicated approximately $1.5 billion to technology R and D and subsidies in support of: Achieving low cost, zero-emission hydrogen production from overseas fossil fuels + Carbon Capture and Storage (CCS), or from renewable energy electrolysis; Developing infrastructure for import and domestic distribution of hydrogen; Scaling up hydrogen use across various sectors, such as mobility, residential Combined Heat and Power (CHP), and power generation."
https://inis.iaea.org/search/search.aspx?orig_q=RN:50001739
"The 11 partners in the venture are Air Liquide Japan, Toyota Motor Corporation, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas, Toyota Tsusho Corporation and Development Bank of Japan."
https://www.h2-view.com/story/who-is-japan-h2-mobility/#:~:text=Japan%20H2%20Mobility%20(JHyM)%20created,and%20continued%20sustainable%20societal%20development.
GLA