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OK, so the FSP ended with the BOD pursuing one exceptional deal, and taking this proposal to a binding agreement. Great news
But the FSP surely had several interested working to reach some sort of deal... So all those parties surely know something is coming
1) why aren't those companies accumulating on the open market and we should be seeing tr1's from them?
Sure if say company X was willing to pay 50p a share and made a offer of this then they would snap these up at 20p now..
Simply because DLA Piper and UBS would have tied the FSP do tight that no exit buying was possible.
No company looking to purchase is silly enough to buy in a way to disrupt a deal.
The free float is marginal and any purchases are through UBS and BOD approved.
Folio
We were led to believe several parties were involved in the FSP. Each company would have its own dd teams full of accountants, lawyers, technical experts, funders and advisors... potentially hundreds of folk. Now out of FSP.... loads of folk would have been thru the data room.
Remember the speeding ticket...
Is the potential buyer buying the company or the assets?
We've already been told "substantially all", so maybe that's why they're not interested in buying shares?
Mooching - regardless. If you have been told your say 50p a share offer has been rejected then you know that the next one to out bid you is paying more... So now @ 20p as a potential interested party... Easy money to buy up the stock
Picking up on Hudson's second comment (buying at 20p to get a return of say 50p) what puzzles me is that in the May Private Placement of US$20m for Rosgeo JV whoever was that buyer would be in that very situation. It would make sense if that investor was the same as the potential buyer.
Hudson.,
It may be that the company is not only pursuing "one exceptional deal" :
- as maybe the RNS is purposely worded in a way to not state they are focusing on a specific unique offer or deal - but they are focusing on the specific "asset sale".
The RNS wording is that the asset sale is "of substantially all of Company's assets".
In the last sentence - by concentrating the wording on the "the asset sale" rather than the credible party - then this does not rule out multiple offers/deals.
From RNS 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."
De-ciphering the above statement has driven me to DRINK.
Auberry no interest in your waffle.
Remember the Nomad interview.
Remember the BOD stake and success rate .
UBS own shares etc etc
Massive on the Massif....
Fr. J. Hackett - I can't help but come to the conclusion that there is only 1 party (consortium or whatever) but one party that they are dealing with turning the non binding offer to binding.
The obvious logical conclusion derived means there must be unsuccessful bidders. Those unsuccessful bidders must now be looking in knowing that we aren't suspended nor too highly priced to make an open market accumulation. Either via a 3rd party or themselves. I can't get my head round why this hasn't happened.
Regardless to my observation thag I have put out there to obtain some light on. I am optimistic about this share and feel it is drastically undervalued and drastically being held at this level for some reason
Well I'm sure they'd want more than 1% so therefore we must get a tr1
The only dark forces are those suggested by the rampers and heavily invested in here.
Maybe just maybe there aren't any!!!
GFD.......Montyboz didnt sell ! he got his stop loss activated on the big drop down to 14p and cant get them back for the same price !
Hard as he may try ! It aint going that low .
He is pure slimy scum ... one day hes all positive , posting several times a day , the next hes deramping like mad .
So you going to hide the work done LOL.
It's in the public domain .....
You do know what happens when you post misinformation .
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.
· A further five mostly open pit palladium, platinum, copper, nickel and cobalt assets are included in the JV, where Eurasia has carried out due diligence including c.20km of exploration drilling and some 12 thousand samples taken by Eurasia.
Montyboz is back ...I wonder why ...
No stop loss? No you got an alert and sxit your pants and sold.
If you sold at 28p as you keep saying then why would you suddenly do 360a d be totally negative on EUA.
Most people if they sold out at 28p would have bought back in at 15, 16 17p and been laughing.
Given your bitterness for weeks following the AC event its obvious you sold out lower.
Exploration, drilling, expense on mining clearly in the Rosgeo RNS.
Eurasia has carried out due diligence including c.20km of exploration drilling and some 12 thousand samples taken by Eurasia.
Eurasia will be the operator of the JV and, if it chooses to do so, will develop the Additional Assets by implementing an EPCF (Engineering, Procurement, Commissioning and Financing) structure similar to that signed with Sinosteel for the Monchetundra open pit mines.
In total Eurasia has already invested some US$8.3 million across the Additional Assets.
The 20km of drilling and 12,000 samples at a cost of $8.3m were done on Volchetundra and Western Imadra which were 2 large exploration licenses that EUA held and explored with AA and with AA funding. How many of the 5 extra areas are within these 2 prior exploration areas is not revealed by EUA, all 5 could be or there could be other areas but we have been given very little information to know anything for certain.
Both areas were left by EUA to concentrate on the MT exploration license which had the best prospects. EUA didn't give a single drill result from Western Imadra and never renewed the exploration license. They did renew the license for Volchetundra so they could explore it further after getting good drill results from some drills and they found 2 possible open pit areas which they hoped would be one larger area but further drilling showed they were separate areas and they were then getting better results at MT. The rise in prices of PGM's are why EUA have said they want to return to Volchetundra as what they found may now be more economical.
What we know from EUA is that they haven't started exploration of the MT flanks exploration area in any meaningful way.
"In April we submitted a detailed exploration project for the flanks area to develop these prospects and bring further resources into the scope of the mine".
The only other exploration area is the Tipil flanks area at WK which we've had no news on as yet.
You keep telling yourself that… we all know you got stopped out and you have been bitter ever since.
Montyboz can you tell everyone why on like the monday you were ramping like you usually do then by the wednesday you were totally against the BOD , the share and had turned from EUA cheerleader to hard core deramper ?
Just you left yourself wide open to speculation . Care to explain ?
Get over yourself gfd
Talk about in a flap
Goodflyingduck....I think you have just validated my point
The astute smart investor is biding their time and adding when they can, no shouting, no tamtrums are required just patients is required.