Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A secure vault Ohmni?, i had a similar thinking myself. Its purpose could be useful in a number of situations.
We don't currently own any Rosgeo JV assets so they couldn't have been bundled into May's agreement, unless through ROFR agreements -
"as we continue to develop the Company including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits"
12 May -
"the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."
"upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits" - points to the start of gaining the Rosgeo JV assets in the short term. It's a statement of confidence that the acquisitions are going to happen.
It would have to be a ridiculous offer to include any Rosgeo JV assets in a sale, Eurasia have plenty money in the bank and the open pits are already there to rock n roll almost straight into production. I can't see why Eurasia wouldn't take them to production. While the MT buyer builds the plant all Eurasia would have to do as a JV partner is to get the open pits ready, buildings constructed on site, personnel employed and machinery bought etc. It's just WK on a larger scale initially due to the open pit nature. Dig it out and transport it to the MT plant.
We'll have to see of course, but, James does appear very confident in the Rosgeo JV, always has done!
GLA
Personally I have always thought something would be retained so Lybrion can have physical PGM supply vertically intergrated from mine to storage to buyer. Just a gut feeling derived from the RNS last year that talked about underground physical storage facilities.
The more you read Jame's statement the more it leads you to believe that Eurasia are taking at least part of the Rosgeo JV to production imho. Whether that's going it alone, or, more realistically, a JV formed with the MT buyer is yet to be seen. But, we know the current plan for JV assets is to have the ore ran through the original MT plant, that leads to a JV way of thinking and the potential scenario of what they could well still be negotiating -
James Nieuwenhuys, CEO and Managing Director commented: "We have decided to advance the Rosgeo JV, as its projects' potential has become more evident during the course of the confirmatory work being done by Wardell Armstrong International in relation to both PGM and battery metals (nickel, copper and cobalt) that are future facing metals in relation to the fast-growing hydrogen and EV markets respectively."
Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted that professional institutional investors offered to support Eurasia's fundamentals and its strategic options, as we continue to develop the Company including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits. Furthermore, while our board and management continue to be significant shareholders, the Directors are confident that the Private Placement will further strengthen Eurasia's negotiating position."
"Each of the four open pit deposits, which are located directly adjacent to Monchetundra, have already been studied by Eurasia with block modelling and open pits' optimisations performed by the Company. According to the due diligence done by Eurasia, the ores are suitable for toll treatment over distances of 5 to 8km with beneficiation and mineral processing at the proposed plant site between the Company's open pit deposits at Loipishnune and West Nittis."
The whole places goes to production initially through the original MT plant, which leads to the scenario of MT buyer being a potential JV partner for Rosgeo JV assets. Of course, there are other possibilities, but, from those statements in RNS it's pointing to a Eurasia involvement with Rosgeo JV asset production.
GLA
I had a look at that, it's decent up until the 'I strongly believe we will see a full sale of Eurasia Mining in near-term future' part.
There is nothing to point to that, there is only the significant asset disposal one can attach to Eurasia at this stage -
1 Sept -
"The Board is committed to execute on the strategy as announced on 12 May 2021"
12 May -
"the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."
GLA
powerof78.com/wp-content/uploads/2021/09/Price-Valuation-final-RD.pdf