Petro Matad CEO Mike Buck confirmed that he believes the Exploitation Licence for Block XX in Eastern Mongolia is likely to be awarded in Q2. Watch the full 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 and have access to Premium Chat. 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.
Another superb week brewing for all invested & the full reversal continues ,
We shall sail for the 30 s ,
ii like this stock , Phil Taylor likes this stock & the markets are warming to us ,
In the meantime ....
Let’s have a a Rum & a chuckle
A nipper was awoken in the middle of the night by strange noises from his parents’ room, and he decided to investigate.
As he entered their bedroom, he was shocked to see his mom and dad shagging for all they were worth.
“DAD!” he shouted. “What are you doing?” “It’s ok,” his father replied. “Your mother wants a baby, that’s all.”
The nipper , excited at the prospect of a new baby brother, was pleased and went back to bed with a smile on his face.
Several weeks later, the nipper was walking past the bathroom and was shocked to discover his mother giving oral gratification to his father.
“DAD!” he shouted. “What are you doing now?” “Son, there’s been a change of plan,” his father replied. “Your mother did want a baby,
she now wants a new Audi !
Rums all Round
Botfly infestation Tilly, positively rammed with noise.
Crank up the red wine and rum chasers ;)
Can a couple of Shipmates crank up the medieval Dyson with Bot fly attachment , Full suction & give the decks a once over ,
We seem to picked up a couple of Clingons on the port side .
Massive Rums all Round
Apologies had to much red wine
Littlered , mac , Portsmouth
No problem , massive team effort from all of us & just check some meat on the table for all to feast on , many decent monikers on here including yourselves .
Red wine sounds as good as Rum
There's an awful lot that has passed through these boards over the months Tilly, it's just trying to put as much of what is out there together to try and give ourselves the best possible picture we can get. I hope it's the 8 week window and we hear at the end of it, but, like everything else with this we'll just have to wait and see.
Time is ticking and those buyers will be wanting to get started with things like clockwork with the forthcoming season, the open pits need to be started this season imho, NN current problems point to a need for fast to production assets to come online.
All the best to you mate, keep those crazy jokes coming, they've brightened the mood on here many times!
Tilly, you are one of the top guys on this BB. DO NOT EVER CHANGE. Nobody is perfect and nobody deserves to be on the pedestal or in the pit but you my friend really help to bring the REAL investors and true believers in EUA together and for that you will always have my admiration.
I am currently drinking 19 crimes The Uprising Red Wine which is part aged in Rum Barrels. Do I qualify as a pirate?
GLA LTH Rums all Round
They have the brains of a plankton
A couple of Bot Flies were in court for charges of verbal waffling ,
10 hrs into the hearing they plead guilty ,
‘ why didn’t you plead guilty at the beginning & save the courts time ?’ The judge demanded
The Bots replied ,
‘Well , until we heard all the evidence we thought we were innocent! ‘
What a bunch of bozos !
Rums all Round
Just want to wish all genuine investors good luck this week, let's hope we have the big RNS land and we can start partying... On our own of course!
Meant to add , I knew I had read it somewhere ,
anyhow I guess all have different complexities so timings & circumstances will be different, but gives us all a base camp .
Rums all Round
Indeed Mannamead -
"Advising on market comparable valuations"
So where people have been comparing to Sibanye for their shareholder valuations to get their SP guesses, the investment banker has been doing the same. Playing quite a critical role, and when you dissect Eurasia's sale process to date you can see exactly how each person and advising body falls into place for the bigger 'For Sale' plan. It's all very interesting and teaches you a lot about mid sized deal procedures tbh.
To give people a good idea, if he wasn't needed when he sold a portion of shares for his urgent cash call, then you can ascertain that his roles mentioned in 7 have been completed!
Interesting article, I must say that item number 7
7. Consider Hiring an Investment Banker
May shed some light onto why AC is still considered part of the Eurasia team?
I've found it Tilly -
"Most mergers and acquisitions can take a long period of time from inception through consummation; a period of 4 to 6 months is not uncommon."
We can only presume at this stage that that time frame relates to your average small company due to the suggested closing time frames for mid sized deals elsewhere. 4 months for a mid sized deal would be a struggle from what we know of suggested time frames for certain portions of the M&A process, closing would be three quarters of that frame with a mid sized deal you see.
It’s 105 days until we can have a beer with anyone, anywhere, so as long as it doesn’t take that long we are ok, lol. GLA
Agreed & None of us know the duration of the deal or the potential figures chucked on the table ,
The link I posted was general on m&a the paragraph above was from another link but doesn’t matter was just quoting what I had read , all not related directly to Eua deal .
Prepared to wait as long it takes to get the best deal , however would be chuffed to meatballs if landed during march .
Like I said not my field , I will stick to markets & crap jokes & camaraderie.
It's quite possible that people are simply getting confused about where we're currently at in the FSP/M&A process, how long each stage takes etc. Where people say months from here, for it to be completely finalised that looks to be correct, for the binding deal announcement however, that looks to be imminent. Of course, the finalisation could be done quicker than what is quoted in that article, that stage all depends on the lawyers tbh. We'll see once once that binding deal lands flapping away on deck : )
We could be in for a long wait once the deal has been announced from what i can see -
"The average time to finalize a merger or acquisition has risen to 38 days after it has been announced — 31% longer than in 2010, according to Gartner, Inc. Closing dates have grown even longer for midsize deals ($500 million to $5 billion) and large deals (more than $25 billion), which take an average of 106 and 279 days to close, respectively."
We're going to fall into the midsize deal area of that article, by most peoples valuation guesses anyway. During that wait the SP will be around the deal price level though.
I can't see any mention of a time frame here for going from non-binding to binding Tilly -
I do recall someone stating the average time of the entire M&A process was around the time frames you state.
Non-binding to binding -
"5. Second Bidding Round and Process Letter II
By deciding on whom to admit into the next round, the process officially enters the second phase. This phase is determined by the opening of the virtual data room as well as intense due diligence done by the prospective buyers and their advisors. It usually covers a range of four to eight weeks and is governed by the process letter II. Towards the end of this phase, the buyers, given continuing interest, must submit their binding offers, which determine who will enter the final negotiation phase."
Thick as two short planks !
Just rushed out on deck & Septic Lils sat there on her own looking Gormless
So I said ,
‘Why are you sat here on your own ?’
Septic replied ;
There’s no one on deck I think All the shipmates are probably watching the band
So I replied
There is definitely no band playing today
Septic answered ,
But I definitely heard a shipmate shout ..
A Band On Ship
She’s as thick as two short planks but we love our Septic Lil
Roll out the Finest Rum
Afternoon mate ,
Not offended by that statement as said the below
Like I said certainly not my area of expertise at all & like I say no one knows that answer as I’m sure the detail must be rather complex otherwise piper wouldn’t be involved ,
Just googled it previously , however not really bothered as prepared to wait no problem for the conclusion
More interested in the market behaviour over coming weeks , months .
Normally, the process takes between 4 to 6 months. The period will depend on the urgency of the buyer to carry out Due Diligence and complete the transaction, and whether the selling company is able to complete the competitive process of selling a company, whilst generating interest from multiple companies.7 Sept 2019
The 10 Key Steps of Mergers and Acquisitions in How to Sell a ...www.ilpabogados.com › the-10-key-steps-of-mergers-and...
I appreciate this probably has no connection to EUA just outline guidance .
Cheers & Rums all Round
thanks for your reply Tilly. It does seem to be very close now. Fingers crossed.
PS. Is there really going to be an EUA party? I think that's a splendid idea.
"In the world of ‘ non binding to binding ‘ they say 4-6 months but this complex ." - where on earth do you get that timeline from Tilly? Provide a source or it's bull.
Morning mate , massive Sunday Roast later on with all the trimmings !
Morning mate , Lancerman has jumped in ,
Not my area of expertise & absolutely no one on this board knows that answer all guesswork as is the potential offers ,
In the world of ‘ non binding to binding ‘ they say 4-6 months but this complex .
I believe the markets believe it’s imminent as ii & other investors have increased holdings & will be anticipating some sort of update during March & thats my thinking also .