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Great update, DD complete multiple buyers still in the frame and USB still working for us.
Should see that golden cross today on charts too
I’m drinking already in celebration of one of my others so I’ll include this rns in my celebrations, cheers everyone. :-)))
You cannot argue with the way this company conducts itself. Very professional and by-the-book (as it should be).
Can we assume that 'shortly' means 4 weeks - :-)
After a few personal wobbles over the last couple of years I think I am more confident that this will be done and dusted very soon.
Fair playing field - Not # corrupt aim markets
Those shorts noted closing in last two sessions & huge kippers bought at rock bottom prices
Nod was given Tuesday morn of incoming in my eyes mms, ii , brokers all having a financial orgy of brown envelopes at the urinals , forming a battle plan for stock
Back to 26 here we come - oh dear if the shorts haven’t closed let’s see load the bozos are today
Rums all Round
Totally explains the drift down. City folk always know whats coming.
How many shares transferred from impatient to the patient (institutional). They always make the lion share in any deal.
With this sale update today, once license/jorc land anyday now, would not be surprised with offer details in an RNS.
Goto have those golden tickets!!!
The term BUYER is legal speak for the acquiring company used in the terms document that EUA will or have received.
Absolutely superb
All on track for a asset sale & all the legals taking care of business as we have kept noting to the naysayers for months
& hence the stock chasing in last couple of sessions as noted the city always knows first
So I was correct with the incoming connected to market behaviour then .
Septic Lil wins the day .
Blue day incoming & likely more ii activity bagging kippers .
Rums all Round
I have to agree JORC is next. But what an update! It clearly states that all systems are go. Any MM who hasn't done their homework has had it done for them. What a fantastic BoD, I've not seen this kind of commitment and determination from a company.
Why say THE BUYER when nothing has been bought yet or has it. Hmmm
Personally i would very much think so. I recon JORC update imminent.
GLA is been a painful few weeks, lets get this baby sorry huge asset wrapped up.
Good point , one assumes for any DD then JORC report has to be completed , not very good DD if you don't know what JORC report says . Come EUA BOD , lets rap this up . GLA
Hi Saxondale, I was thinking the very same. For DD to have taken 5 months, surely that would need to include JORC figures, or verification from WA? Another piece of the puzzle in place.
GLA
That assumes they only started DD at the time we were made aware, I suspect they had started way before that point.
Not bad news at all, imagine that it takes that long to do DD, just think about what that could mean about our assets!
This was always going to be a huge and complicated deal that was/is going to take time.
I have waited this long, and I am going nowhere!
Happy for the update, may be a message for others to hurry up, maybe just to try and arrest any further SP decline. BOD must be pretty frustrated we are here beating in mind the previous message about the II buy at 26.5p.
GLA
For due diligence to be completed , does that mean the JORC will also have to have been completed ?
· It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers.
These professionals are not here for beer money.
All positive, soooonnnn, booommmm
Kerching
So THE buyer has completed due diligence which is great. We however are advancing multiple options with ubs etc..
It's taken since May till end Oct to do DD are any new bidders going to take that long?
Dave I agree people seem to be ignoring the significance of that part of the statement. That is massive surely? Or am I the one missing something?
A very good morning to you all.
It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers.
Music to my ears. Have a brilliant day everyone I know I will.
ATB Pete
Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence.
LIKE. THE INFORMED EURASIA IN WRITING THAT IT HAS SUCCESSFULLY COMPLETED ITS DUE DILIGENCE.
It would be great if BOD could simply take the offer from the credible bidder and run with it and i'm sure most here would be more than happy with that BUT they can't. The directors have a duty to shareholders to consider ALL offers and evaluate them, no matter how time -consuming it may be, otherwise they would be letting themselves in for a potential lawsuit for breach of fiduciary duty in not getting fair value for the shareholders.
I'm excited and also frustrated as this could struggle to be sone by Christmas now but, hey, we have a bidding war and I, for one have dollar signs in my eyes.
Looking forward to a nice re-rate this morning and then I think they will be advised to suspend the share.
GLA
Just my luck, release the RNS the day before I get paid. My top up tomorrow will now cost me a lot more - Story of my life
Agree, at least the due diligence part is ticked the box. Wonder if we get a offer within the next week. Unless they waiting on further due diligence from other suitors to be completed.
But come in BOD let us know so we can stop the derailing shannanigans of some of the cr*p posters on this board
This is good news yet I don’t expect a massive change in share price. Maybe back up to 26p.
Hold for the end game.
Well done.