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All I see here is paid derampers. Shorters. The talk crap so I can get in at a lower sp brigade oh and the I set a stop-loss and got my pants pulled down party. All falls on deaf ears for me I just keep topping when I can.
Indeed I have my concerns for Iknownuffin and his clearly devious imagination involving Alex and GMF. There are indeed far to many that are applicable. But the one that seems to be emanating from his post is P envy. Would suggest it’s perhaps a reflection of his lack of being hugged as a child. Mental health is complex. Seek help guys.
For those seeking help, please google the good samaritans and you should find a contact number that is free of charge. There’s someone out there to help ??. A public board is not the appropriate place to address and project your metaphorical sexual desires about posters. So much devious, where were the parents..
That you can’t beat a first rate education? Perhaps you should try it my dear fellow?
You should probably just stop now. Just turn your phone or computer off and save yourself the shame.
It seems like they red my post:)
"EE - mac wont like that, but needs to be said.
Just because you question something makes you a bad egg is ridiculous" - did you not learn anything from yesterday gecko?. Ask the company your questions and answers are provided. Any concerns ask them, stop wetting the bed, you're supposed to be an adult.
GLA
Here gecko, a reminder of what i told you yesterday -
mac4671
Posted in: EUA
Posts: 10,755
Price: 19.00
Strong Buy
RE: New link from A1ex on Twitter22 Jun 2021 12:50
You're full of it Gecko, there's an AGM, you can submit whatever questions you want. Question the company by guess what, yes that's right, ask the company your questions.
GLA
You have not raised any concerns gecko, you stomped your feet like a child on here. If you had any real concerns you would have contacted the company vis the appropriate means, you're absolutely full of it, end of.
GLA
The people who had any 'real concerns' raised them with the company -
"Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?
It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining.
Q2: Have the board used the circa £14m from the recent placing?
No. As announced on 4 June 2021 the cash balance of Eurasia is c.$23m. The work programme is being developed in relation to the Rosgeo Joint Venture.
Q3: Can the board release a comprehensive update regarding the potential asset sale?
Our RNS of 12 May 2021 stated the Company had received a proposal for the potential acquisition of substantially all of the Company's assets, and that the transaction would make the Company subject to AIM rule 15 (any disposal which exceeds 75% in any of the class tests is deemed to be a disposal resulting in a "fundamental change of business"). The Company has provided as much detail as permitted by the AIM Rules regarding this proposal and looks forward to providing more detail when appropriate and permitted by the AIM Rules. Proceeding under the remit of AIM Rule 15 would require a shareholder circular to be published and a general meeting of shareholders held to approve any transaction.
Q4: If commenced, how long will it take for the Monchetundra Project preparatory works assigned to TGK?
The engineering, procurement and construction ("EPC") contract allows for an 18-months to 2-year construction phase to commence in line with pit preparation works, undertaken by Eurasia subsidiary TGK, in a sub-contract costed within the EPC. These preparatory works include stripping at West Nittis and Loipishnune, transportation and compacting and dumping, slope grading, compacting of run of mine pad.
Q5: If a dividend is paid, following a sale of assets, what would be the dividend date?
The Directors and management (being the largest shareholders in Eurasia) intend to proceed with a dividend payment as soon as practicable following a sale. The date from which a shareholder qualifies for a dividend will be determined when the terms for a sale are agreed."
Feet up, relaxed and sipping on nice chilled koka kola.
GLA
"Then Mac bin me, why you reading my posts if i am full of it as you say ???????, sad sad man" - Are you ok?. You drop my name into your posts, even after what i told you came to pass, yet here you are still attempting to attack me. It's comedy gold on so many levels, you just don't comprehend it as you're still stomping your little feet. Read the RNS perhaps, ask the company whatever you want perhaps, but for every normal shareholders sake, stop all the childish whining.
GLA
Gecko - time line for completing the sale would of been discussed and finalised once fsp concluded. My take is 12 weeks from 12th May max
Calamari bit forgetful .....not worked out how much ROSGEO is worth ,, and that was in the last SIX months...
Answer -
Q3: Can the board release a comprehensive update regarding the potential asset sale?
Our RNS of 12 May 2021 stated the Company had received a proposal for the potential acquisition of substantially all of the Company's assets, and that the transaction would make the Company subject to AIM rule 15 (any disposal which exceeds 75% in any of the class tests is deemed to be a disposal resulting in a "fundamental change of business"). The Company has provided as much detail as permitted by the AIM Rules regarding this proposal and looks forward to providing more detail when appropriate and permitted by the AIM Rules. Proceeding under the remit of AIM Rule 15 would require a shareholder circular to be published and a general meeting of shareholders held to approve any transaction.
All in RNS, you just have to bother to read it.
GLA
You've had your answer to the question from the BOD Gecko, accept it and move on, over 75% of the company assets -
"and that the transaction would make the Company subject to AIM rule 15 (any disposal which exceeds 75% in any of the class tests is deemed to be a disposal resulting in a "fundamental change of business")"
Stomp, stomp!
GLA
Think this answer tells you what is for sale - everything apart from JV IMO well they might disregard Semenovsky as not sure even exists anymore
Q2: Have the board used the circa £14m from the recent placing?
No. As announced on 4 June 2021 the cash balance of Eurasia is c.$23m. The work programme is being developed in relation to the Rosgeo Joint Venture.
GLA
i would guess at over 75% :) ! probably 90% which is pretty much everything except the rossego jv because we only bought a piece with the option for the rest ! so " Fundamental change to the business " from explorer to pgm miner with a fully funded program and all other assets sold! One thing do know is its over 75% which is a lot of pgm potential for the next 40 years :) Just my guess obviously usual caveats apply !
Find this question strange as not one I would have personally put in my top 5 - why mention it when we know from the annual accounts update there is a proposal in writing to purchase MT.
Q4: If commenced, how long will it take for the Monchetundra Project preparatory works assigned to TGK?
The engineering, procurement and construction ("EPC") contract allows for an 18-months to 2-year construction phase to commence in line with pit preparation works, undertaken by Eurasia subsidiary TGK, in a sub-contract costed within the EPC. These preparatory works include stripping at West Nittis and Loipishnune, transportation and compacting and dumping, slope grading, compacting of run of mine pad.
GLA
Indeed Judge-mental, it looks like a full disposal of what they initially had to move fully into the Rosgeo JV, both MT and WK. RNS to date has always suggested a MT disposal was being worked on, from specific NDA's being mentioned to what was dropped in the annual report -
Eurasia Mining plc Annual Report 2020.pdf -
"• The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021."
"The Company has continued to manage and develop the Monchetundra Project while commercial negotiations/discussions
regarding a potential sale of the project are ongoing"
But, the original bank RNS of 19 told everyone about the potential disposal of both tbh -
"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."
Big asset disposal at this stage either way, 75%+
GLA
GLA
gecko I get your frustration but we have never known exactly what is going to get sold, so why all of a sudden is this an issue
Higher than 104.6 million ounces of Platinum.
Just filter him, waste of time and energy sadly.
It's a good question CAW, what it does is it gives you a good idea of how long it may take for something to be in production, JV assets have been mentioned as being 'toll treatable' to the original sino plant at the original MT asset area. There is no plant construction required for Eurasia if they dispose of the original MT now, but the same timeline for construction will exist.
GLA
I don't think it can be everything sold but the JV.
In the RNS on the 15th June They have activated the Nyud mine as a going concern. This looks to have an estimated 54.97mOz of PT equivalent (or c.40m0z at 75% ownership), which dwarfs the 2.2mOz JORC at MT.
Therefore to sell "substantially all" of the assets as per Q3 of the RNS, then Nyud MUST be included in the sale.
If it's not included in the sale then this would make AIM rule 15 redundant in this case as MT is now a minor asset percentage-wise, and certainly less than 75% of the business.
I think they will strategically activate at least another two or three assets in the JV and include them in any sale, and I think that's what it means when they say in Q2 of the RNS that "The work programme is being developed in relation to the Rosgeo Joint Venture". And then once these are confirmed our buyer's requirements will be met and the sale will proceed.
All in my opinion reading the most recent few RNS's. Either way, I'm absolutely comfortable that my currently red investment is going to make handsome returns in 2021.
Best. PK
The disposal is on what they have 'mining rights' to Pk73. Mining rights have far more value attached to them than exploration rights!
GLA