Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. 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.
HI Mac, my view is that has been done and he will be responsible for the smooth transformation of assets into the new company with James and current BOD moving over as additional assets. IMO GLA.
Can we have a show of hands as to who agrees that Mr Alexander Grubman has probably been through our data room doing due diligence, oh wait, we're online, all who agree say aye lol
GLA
What you will note with both, is that there is always someone put in charge of M&A -
"He will be responsible for supervising and coordinating due diligence and structuring of M&A deals,"
GLA
NN have a guy, different title, similar job to the lady in the last link -
https://www.nornickel.com/news-and-media/press-releases-and-news/nornickel-announces-appointment-of-alexander-grubman-as-senior-vice-president-for-strategy-and-business-development/
GLA
This is getting very, very close.
Mac...good afternoon sir...that’s a nice post..food for thought.
So of those possible companies involved who are the M&A officers and of more interest what is there background..
Back to research guys.
Plus Ian..new date for me please 19th October..RNS and Boris’s execution:-))
Cheers matey...pompey
Fair point CAW, well spotted.
GLA
I believe he has been doing his new role for some time. If you look back to the AGM notification in August Dimitry was not on it to be re-elected! GLA
I'll try that again lol
Simply put, our M&A Officer will be now working with their Chief Strategy and M&A officer to sort out the final pieces imho.
GLA
Simply put, our M&A Officer with be now working with their Chief Strategy and M&A officer to sort out the the final pieces imho.
GLA
Example of similar role, but for the other side of the fence. Whoever is acquiring will have someone like this appointed -
https://www.therecycler.com/posts/xerox-names-chief-strategy-and-ma-officer/
GLA
DORE,
NDA would be in place from months ago so that interested parties could access the data. My understanding of the most RNS is that DS and JN have been moved to more appropriate roles for the current situation (e.g. things have progressed nicely and now the next steps are being implemented). Think the RNS was very telling and that we are nearing completion. Timeline seems to marry up nicely to the 120-125 days median length of FSP that another shareholder posted using other completed FSP's.
Good luck everyone :)
No, he has changed his role to bring it over the line, there's a massive difference. The deal is not official until all paperwork is signed, that's by all parties involved. For that to happen, you have to place someone in charge at the appropriate stage, that person is Dmitry.
GLA
You're very welcome Alta, and i fully agree.
All true shareholders know what's going on, it's in RNS. NDA's were signed by parties wanting to acquire MT, it's in RNS -
"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."
Now Dmitry is concentrating on our side of that acquisition -
"The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the Company's Chief M&A Officer on the M&A work streams with Eurasia's professional advisers."
But wait, James is to also focus on the sale -
"Christian Schaffalitzky, Eurasia's Executive Chairman commented: "This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James's focus will be to work with our advisers on the sale process. "
The sale of what, Monchetundra and West kytlim, like he states -
James Nieuwenhuys, Eurasia's CEO and Executive Director: "In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders".
SALE SALE SALE time.
Dmitry 'Moses' Suschov will bring it over the line, it's what he's very good at!
GLA
"The way the last RNS was written was very encouraging IMO. "
Agreed, this is a huge source of positivity, especially as the flanks RNS before it fell pretty flat for most people!
Sometimes it's easy to lose sight of the end goal here but that RNS is like a lighthouse guiding the ship on foggy days like today.
Hi Mac,
Thanks for your posts as always, good to see everything put in order in the one post.
When I look at "M&A work streams" it seems to be that they are put in place close to the end of a merger or acquisition. I also see there is a lot of focus on integration within work streams. To me that would suggest that we are almost there and that things are being put in place to ensure everything goes as smooth as possible (e.g. integration). Could also be that JN was appointed to help facilitate this?
The way the last RNS was written was very encouraging IMO.
Cheers,
Alta
"Scalable project - potential to create a new PGM district : 40Moz target resource in district : Well understood geology and access to historic drilling data underpins 40Moz resource estimate"
https://www.eurasiamining.co.uk/investors/presentations
BIBLICAL size district for a BIBLICAL size SALE.
Tick tock, tick tock, tick tock, Dmitry 'Moses' Suschov is going to make the AIM market ROCK.
GLA
Haha, Dimitry d'Moses leading us - Fantastic!!
And guys not good idea to set stop loss for this and other AIM shares (in fact even ftse shares in this climate).
MM need shares and they taken advantage - they got to do it this time as is last chance for them as with the sale offer confirmed they can't do it anymore.
Back up now.
"M&A work streams" - by far the biggest tell tale of what's happening. You can't have merger & acquisition works streams without merger & acquisitions happening. NDA's were already in place for the ACQUISITION of Monchetundra, before the FSP was started.
The acquisition work streams only arrive at a certain point, that is when the acquisition is to take place.
GLA
"Dmitry Suschov, who has been something of a Moses figure"
https://twitter.com/Share_Talk/status/1307247310506725382?s=20
GLA
The board shuffle is to execute a BIBLICAL sale, and everyone knows it -
"Christian Schaffalitzky, Eurasia's Executive Chairman commented: "This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James's focus will be to work with our advisers on the sale process. "
James Nieuwenhuys, Eurasia's CEO and Executive Director: "In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders".
"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."
"The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the Company's Chief M&A Officer on the M&A work streams with Eurasia's professional advisers."
"Mr Suschov has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals."
"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."
"Scalable project - potential to create a new PGM district : 40Moz target resource in district : Well understood geology and access to historic drilling data underpins 40Moz resource estimate"
https://www.eurasiamining.co.uk/investors/presentations
Sale, Sale, Sale.
Value - https://www.valuewalk.com/wp-content/uploads/2015/06/Valuation_of_Metals_and_Mining_Companies.pdf
GLA