Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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
Calamari bit forgetful .....not worked out how much ROSGEO is worth ,, and that was in the last SIX months...
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
"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
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
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
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
"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
It seems like they red my post:)
You should probably just stop now. Just turn your phone or computer off and save yourself the shame.
That you can’t beat a first rate education? Perhaps you should try it my dear fellow?
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..
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.
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.
Hi Billions,
Didn’t you get a ban from this site for a homophobic attack on a fellow poster.
I call that Sick & Vile wouldn’t you agree ??
If you are indeed invested, and are currently at a deficit.. spending your time propagating and marketing your dissatisfaction on a public board, it would seem to contradict your long term interest here. A lot of people who clearly cant live with the decisions they make. You invest based on your decision making matrix and ability to to make an object appraisal. None of the fact have changed.. we continue to peruse the sale of our assets, we have increased our resource base and our balance.. rampaged up productions.. and I’m not even going into the due diligence. People are fickle, are you sad because you can’t buy more? Tedious, agenda is clear.
'Unfortunately there are always those who aren’t satisfied with the attention they are getting in their personal lives. So many Freudian issues on this board. Seek help guys, and stick to the facts'
HaHaHa....that's rather amusing Mr Turner, made me chortle :D
I worry for Mac. He reminds me of the chinese communist party.... when he doesn't like what he reads on here even though it is true and relevant he starts copy and pasting irrelavnt old info to bury the thread. Pathetic and sad.
Bit sore from your stop losses are we, and don't like not being in the limelight when is comes to posting about the Kola...
Who on earth puts stops on Aim?
It's not anyone's job to tell anyone when to buy or sell .....
Single digits ??
Lots of ‘headless chickens’ running about today. Buy more from the chickens. That’s my plan.
It's posts like this that cause conflict. Posting you think it'll be single digits with no evidence backing it up, just causes pointless argument
Clearly deliberately trying to sow miss hope here, so you can deramp on the disappointment. There has never been any intimation of anything of value coming from the AGm. How about fixate on a meaningful rns. Tedious, same muck being marketed and sold as yesterday. It’s boring already.
Some one trying to accumulate stealth like, lol. Probably something to do with cooking the books or straightening them back out.
Also, does anyone know why there is a big bombardment of buys for 10 shares? Seems a bit odd