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"My final word on this Tiddlor. You are changing the timelines of the thread to backtrack and suit your agenda. I had NEVER engaged with you on here and yet you felt it necessary to say that you had dismissed me, put me in a box and described me as an acolyte (follower). Only then did I engage.
Well I’m now dismissing you as a manipulative waste of space. Toodles!"
Yes James. Best to draw a line under him Tiddlor is a Fiddlor (of threads). Mayt..
OK James, try and rewrite history if you wish. You're obviously not man enough to admit when you're wrong. Poor show.
My final word on this Tiddlor. You are changing the timelines of the thread to backtrack and suit your agenda. I had NEVER engaged with you on here and yet you felt it necessary to say that you had dismissed me, put me in a box and described me as an acolyte (follower). Only then did I engage.
Well I’m now dismissing you as a manipulative waste of space. Toodles!
You accuse me of being being clueless, arrogant and then abuse James. Please let me know how you justify that response. Oh and by the way, if I target you then I will name you. Anyway enough of this rubbish. It's clogging up the board. The company is for sale and I directed you in that direction and I did it politely.
I did not target you James and I was polite in my discussion with you. Yes I discussed rowka as he's been banging the JV drum. You responded to Maytal and called me shortsighted. Please don't blame me for your bad behaviour. I was polite with you.
Tiddlor, I rarely post on here, but you have posted the following targeting me (and Rowka) just this morning...
“Ignore the noise Sbrace from people like rowka and his ilk.”
“Maytal is in a box. I dismissed him also James. He's an acolyte.”
As far as I can tell for no good reason, as I was merely suggesting that other options could be on the table as well as a full sale.
James0309 have you read what you've just written. Picking fights? I'm not picking fights with you and you have let yourself down with your abuse. I disagree with some peoples views and their agendas but I have not picked any fights with you, just pointed you to the facts of the RNS's and the fact that the company is for sale and that a JV has not been mentioned. You have chosen to abuse and you accuse me of not being open to challenge. That makes no sense.
It's called playing hard ball Rowka, it's a demonstration that we can easily go it alone if the deal they want does not materialise.
$10m for rapid expansion, James onto the BOD, they're hard ball negotiating tactics.
As others have mentioned, any acquiring company may well want certain BOD members going forward also.
Tiddlor - I’m afraid you’re now coming across as a clueless and arrogant f@*kwit, who is looking to pick fights behind your keyboard with anyone who posts something here which is not fully aligned with your opinion. Complete bell end.
Toddler - "Maytal is in a box. I dismissed him also James. He's an acolyte. Think what you like but the company communicates with it's shareholders and the market through RNS. When they talk about a JV let me know.". Aaah diddums, so upset you have supposedly "dismissed me". Never mind keep posting from your potty. Mayt...
Maytal is in a box. I dismissed him also James. He's an acolyte. Think what you like but the company communicates with it's shareholders and the market through RNS. When they talk about a JV let me know.
I agree Mayt, quite a dismissive approach and myopic perspective on things.
Also be prepared to expect the unexpected. I mean I doubt anyone on here predicted a Main Board reorganisation 12 weeks into an FSP.
The BOD have millions of shares. If amyone was in their position would you want a JV and get big bucks several years down line or sell the company and make loads of dosh in a few months time. Best of luck everyone
Tiddlor - "Ignore the noise Sbrace from people like rowka and his ilk. This is a sale not a JV. What is in the RNS is what is happening. The rest are the pondering of narcissists","Please don't believe anyone here has special insight". This did make me laugh - as you then went on to give your "special insight". Also name checking Rowka again, really can't stop picking at your scabs can you. Hardly fair to imply he was somehow part of a negative deramp (we are talking Rowka here!).
My "special insight" which I am entitled to have and share, is that full sale is most desirable option (but in life we don't always get what we desire), and that partial, joint venture are also possible outcomes - particularly as scale of our potential resource appears to have grown.
Personally found discussions around other outcomes, are all positive and interesting discussion topics. And yes I have read the various RNS. Mayt...
Was also my reason for investing
I invested because I believed the BOD were motivated to sell and this would happen in a short time frame, EUA is tiny, it will be gobbled whole IMO and before December.
With respect James you chose to not post this part of the RNS.
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.
Yes we don't know whether it will be an asset sale or a full sale. The company may decide to do something different but the RNS states sale, sale, sale. The rest are musings and pondering. When an RNS states JV please let me know. In the meanwhile I will be expecting the company to proceed with the sale of the company as they have stated.
Tiddlor - with respect we cannot say for certain whether it will be an asset sale, full company sale or some sort of Consortium moving forward with EUA maintaining a stake.
To just assume a full sale is one dimensional and I feel that some sort of partial sale would truly maximise shareholder value. Don’t get me wrong, my preference would be a full sale so that we can realise our gains short term. There may be massive short terms gains realised either way, it really depends on how the company is effectively valued at the time of execution.
Musings James, where does it mention a JV? When was the last RNS to mention a JV?
From the recent RNS:
The Directors believe that the experience of James and his relationships especially among PGM producers in Russia, China and South Africa, are beneficial for the Company in its ONGOING WORK STREAMS.
This reorganization is designed to optimise our EXECUTION TEAM.
James has got detailed knowledge of Eurasia's assets and he is of immense help both in terms of the sale process and in terms of demonstrating to the interested parties the STRENGTH OF OUR MANAGEMENT TEAM and its capacity to execute.
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".
I’ve read Friday’s RNS several times and to me it is somewhat confusing and maybe it is meant to tell us that both a full company sale and a JV option are firmly on the table. They are working with bidders with different agendas and are considering a number of options that will ultimately maximise shareholder value.
Thanks Tiddlor, that was what I thought so thank you for clarifying.
Ignore the noise Sbrace from people like rowka and his ilk. This is a sale not a JV. What is in the RNS is what is happening. The rest are the pondering of narcissists. I saw through the week a link to a NN JV that got the acolytes buzzing. It had nothing to do with us at all. Just noise. The company is for sale. I'm not trying to cause trouble here but there are folk on here trying to mislead. The company is for sale and there are several interested parties. Please don't believe anyone here has special insight, they don't. Musings of numpties. Read the RNS.
Thanks. All this would explain how things are taking a while! Seems the jv may be likely now I feel, given the time taken so far. A straight sale would have been a bit quicker perhaps.
@sbrace06 - I posted this yesterday as a possibility of what a JV could look like:
There are a number of ways this could be cooked, but in a JV scenario, EUA’s contribution to a JV would obviously be their assets. For example the assets being sold could be transferred (“hived off”) into a new company so that EUA own the shares in the new company (a subsidiary). All parties agree that these assets are worth say £4 billion.
Shares in the new subsidiary are then sold to the JV partners (say 75%) with the £3 billion cash coming back to EUA. We then retain a 25% in the new company, hold any assets not transferred as part of the deal, plus £3 billion in cash which can be used in part for investment and the rest paid out to shareholders as a dividend.
This scenario would effectively value EUA at £4 billion, being £3 billion in the bank and a 25% share in a new company holding the transferred assets which could be revalued up to £4billion.
Some form of RTO then takes place to transfer the new subsidiary into a plc and EUA hold shares in the new plc moving forward.