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I've just done it via online chat with the Halifax. They are not releasing it as a corporate action, so don't wait if you want to vote!
For reference, here's the chat transcript:
"EUA EGM vote
BRL - 1:52 PM
not sure what you mean sorry
Stuart - 1:54 PM
Hi, I have had no message in corporate actions, but I wish to register a vote for the upcoming EUA EGM
BRL - 1:55 PM
we don't count an egm or vote as a corporate action so its not online...I can take your vote and pass onto our voting team for you...can i take your personal reference number please?
Stuart - 1:56 PM
001xxxxxxx
BRL - 1:56 PM
Thankyou..how are you looking to vote?
Stuart - 1:58 PM
My vote is 'for'
Thank you
BRL - 1:58 PM
so 'FOR' all resolutions?
Stuart - 1:59 PM
Correct
BRL - 1:59 PM
I will pass this on to be processed for you
Stuart - 1:59 PM
Thanks Stuart
BRL - 1:59 PM
Voted by phone with Halifax and the woman new it was Eurasia Mining as soon as I mentioned EGM as sheās been inundated, lol. Hopefully it means something but weāve had our fair share of false starts so far. GLA
Voted for the motions yesterday on II - was nice and easy
I very rarely vote for anything, but thats my vote cast. Online with Halifax.
GLA
Just voted with the board, am very much encouraged by the message on Twitter advising holders to vote. Clearly it matters to them. Good luck everyone.
Voted in favour last week via HL secure message and received a confirmation.
I strongly encourage all those who havenāt voted yet to ***stop what they are doing and take a few minutes to vote immediately***. Please donāt miss the deadline, and/or assume your votes donāt matter, they might well be the difference between concluding the FSP quicker, and (more crucially), potentially affecting returns to PIs to the tune of hundreds or thousands of pounds. Iāve trusted the BOD for 18 months as a holder and as they have asked for my support they have it as they have done superbly so far.
Just my opinion of course, best wishes to all genuine holders and thanks for all positive posts and discussions on this board.
I've always thought this would be a pure Russian play and still do. As the project has grown massively in value it needed another dimension/injection of money to make the whole thing hang together... now with the 'signpost' to those customers/consortia who want and need a secured supply chain AND have the financial clout to commit monies/contracts in order to make the whole deal happen.......
MM, Monkey
Makes sense to me!
I think the timing does mean something is happening!
SteJ - I agree and I mentioned the other day that the company is in a far better position than it was 12 months ago. Everyone has their own opinion, but personally I'd like to covert at least some of my shares in hard cash via a sale or dividend in the next few months. I just really can't see UBS & CITIC walking away without a deal being struck considering the way the PGM market is going from strength to strength. Also believe the BoD will want to capitalise after a 20+ year graft, enjoy the fruits of their labour.
Spent all morning ringing my mates to tell the to vote. 11 had and 9 are doing it today.:-)
Montmuzard - I agree in part but the FSP has been going on in an official capacity since July last year and if there was a strong likelihood of not getting 'fair value' as defined by the BOD, we would have activated the SinoSteel contract before now. UBS would have been informed what the ballpark figure is.
It would be a hell of a gamble for a consortium to call our bluff as they stand to lose (not only revenue but customer supply chains) while it is win-win for us (worse case, we mine ourselves and reap the rewards a year or two down the line). Not only that, they risk someone else snatching away what they want. We hold all the cards, IMO - and I still believe the Rhodium is their trump card (DS mentions this several times).
Perhaps, it was a condition of a binding offer for these changes to be made for the new buyer but if that was the case why couldn't they have done it themselves post-purchase? Or like you say, could be brinkmanship.
It is certainly hotting up :)
GLA.
So we potentially benefit by this going on longer as the price we get, if it's a full sale, should be higher than say a year ago?
I appreciate it's frustrating that it's taking longer than nearly everyone expected, but that's not necessarily a bad thing
Completely agree Montmuzard. And no doubt under the advice of UBS who's experience is second to none in M&A. About time shareholders got some indication of the offers being put forward, we've been patient for 18 months, nobody but DLA Piper benefit from this running longer than it needs to. As PGM prices increase and the BoD continue to acquire more resource, EUA will be forever a moving target
"But, the question arises what is the sudden urgency to do this now, and not wait for the AGM?"
Because, like the shareholders, they've have enough of waiting and want to get this over the line. My suspicion is that, if there were no FSP and they were going it alone, they're already at the point where it makes sense to start deploying WK income for bringing Monchentundra into production and generating revenue for the Rosgeo JV.
If so, given that there is an FSP ongoing, it makes no sense to keep paying salaries while waiting for it to complete if that's going to take ages. So it is, as Stonk says, a crossroads. We're at the point where decisions need to be made, and this is about forcing the hands of the buyers: in my view, the BOD is saying "we don't want to go it alone, but we can and will if we have to, and, crucially, this is the deadline". The buyers either sign on the dotted line now - to be voted on by shareholders at the AGM - or the board will start putting things in place to go it alone.
Always thought April would be the defining period for the conclusion of the sale. No reason to change my mind now and expecting news in a matter of days...
I wonder if this vote is a prerequisite of another vote at the AGM? That is, it is a fork in the road; if the EGM vote goes one way, the AGM vote is one particular question, if the EGM goes the other way, the AGM question changes. Just spitballing ideas.
MM,
You know me, I never like to say anything negative about EUA - I don't like wasps
But, the question arises what is the sudden urgency to do this now, and not wait for the AGM?
Another option is they have spent a lot of dosh with DLA already, and want to continue negotiating to get a better deal
Dore,
not sure the exact reason is important - I think we can all agree the BoD believe that to demonstrate the ability to raise cash stengthens their position
I don't buy the "buyers' strike" argument at all. Eurasia will never run out of cash, but it maybe does need some reinforcement if it is going to go it alone. This is about one of two things in my humble opinion. Either it's (a) all about demonstrating unequivocally to buyers that it's time to defecate or get off the pot: up your bid, make it binding, or we do go alone. Or it's (b) about putting in place the architecture to split the assets and sell them off separately (which could also be designed to have the effect of putting pressure on a bidder wanting to buy the whole shebang).
oldspursfan,
it's a regular part of each AGM, so will roll on from then assuming it passes, so this is just to tide them over until then
I'm really not suggesting EUA will run out of cash at all, but the motion being passed means it is public that they have access to additional cash for any reasons they choose
It's a bit late for people to be asking "why should I vote" if you own shares, and therefore can vote, then you should vote in favour. I think absolutely everyone who has an opinion on this board agrees with that
I think they need 75% of all votes available , so lethargy is the potential showstopper, nothing else
To vote via Jarvis, must be today, include the following info:
Dear Sir or Madam,
With reference to the upcoming EGM at Eurasia Mining PLC,
ISIN - GB0003230421
Ticker symbol - EUA
Date/time of EGM - 28/04/21 at 11:00 AM
Address - The East India Club, 16 St Jamesās Square, London, SW1Y 4LH.
I wish to appoint the Chairman as proxy for my vote in favour of all motions.
I am a Nominee client (a/c reference ***) holding ***** ordinary shares in the company.
I am aware of the fee charged by Jarvisim to carry out this instruction.
Regards"
Email to: corporateactions@jarvisim.co.uk
Fee is Ā£20 +vat
I know you didn't ask me, but I take it that we will get something concrete before the next AGM (ie before 30 June). Either they will raise funds to develop Kola, or they will use the ability to leverage a favourable conclusion to the FSP. Win win.
Not guaranteed of course. There's a lot going on behind the scenes.
Absolutely Tigra
They may well raise funds ultimately it is just the BOD have not stated this is the absolute reason for the EGM, but if they do I am sure it would form part of some broader picture of further development / licence purchase, not as some have suggested on here because they are running out of funds.......this is not a 'typical' situation IMO.
It could be a dotting the 'i's situation, it could be to demonstrate investor support and the ability to go alone, it could be to get an II in.........we shall soon find out!
The more I think about their tweet today and how they are trying to engage with us investors, the more intrigued I am, that is so unusual.............
Hi Dark. Good theory. Any thoughts on how the fact that the resolution is only valid until the next AGM (timetable says June) fits into this? Not aware we're in danger of running out of cash during May...
Dore,
My take is this is to prevent a "Buyer's strike" where buyers all hold back waiting for EUA to run out of cash
The very fact EUA can raise cash is all that is required, they don't actually need to do it