Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Steadily rising just like the share price.
NIce + Platinum about to crack $1,000
Speaking of metals, did anyone notice palladium price today -
https://www.apmex.com/palladium-price
GLA
I like rhodium mike, do tell me more about that rhodium at eurasias assets.
I do recall Dmitry himself metioning it in interview at one point. Seemed to be to remind people that it's not just about the palladium there.
GLA
And maybe 25,300,000 ozs of Rhodium to be included ?
Which massive player will bulk up using Eurasias large assets, i'm sure we'll all find out in the not so distant future.
FSP well under way, just pop the feet up, sit back, and wait for the bids to officially land on the table.
GLA
Mega deals, i like the sound of those, it's handy that UBS are accustomed to doing such things, isn't it? -
https://amp-ft-com.cdn.ampproject.org/v/s/amp.ft.com/content/59378fea-79a9-4684-ae03-a41798a6245c?amp_js_v=a3&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15970648476521&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.ft.com%2Fcontent%2F59378fea-79a9-4684-ae03-a41798a6245c
GLA
I like the idea of execution, execution of the deal -
"As your partner, we will support you throughout the entire sales process, from preparation, contacting of potential purchasers, due diligence and sale negotiations through to signature and closing. You benefit from a first-class, one-stop advisory and execution service."
https://www.ubs.com/ch/en/swissbank/corporates/corporate-finance/m-and-a.html
It's been all about the 'execution' for some time now ladies and gents -
"We are also delighted to welcome Iain to the Board, who as a qualified lawyer and M&A practitioner will strengthen our execution team, while we are making progress on our M&A plans."
https://www.lse.co.uk/rns/EUA/appointment-of-nomadnew-ned-and-suspension-update-tw5x255sbfsj7gv.html
GLA
Leads to everyone getting paid a handsome sum -
"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."
https://www.lse.co.uk/rns/EUA/restoration-of-trading-on-aim-ilk6kjyqiv7ihse.html
Also, don't forget the ex investment bankers on the BOD. This is an investment banking game, they're the professionals in the field, they all know exactly what they're doing -
DMITRY SUSCHOV
Non-Executive Director
Commodities trading veteran (primarily various grades of metallurgical and thermal coals) who has successfully built a major Pulverized Coal Injection (PCI) franchise throughout Asia, Europe and America with an annual turnover of up to $100 million, therby accumulating around 2.5% of the global PCI market share. He is also an investment banker with extensive experience in the Russian resources industry having previously worked with IG Capital, MDM Bank, PricewaterhouseCoopers and Ernst&Young as mining & metals leader in corporate finance for Russia and CIS.
ALEXEI CHURAKOV
Strategic advisor to the board
Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has a background in cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A as well as maintaining a hands on approach at operational level.
A bidding war is very much available within a FSP -
"As such, a competing bidder can always make a higher bid and the board of the target company can always withdraw its recommendation."
https://www.lexology.com/library/detail.aspx?g=886cfad0-7f5a-4577-87e8-9136cd83b835
(Click the 'view original' tab after following the lexology link, if it doesn't take you directly to the article.)
"However, for companies with a small number of valuable assets, a would-be farm-in partner or asset purchaser might instead consider buying the whole company, meaning that the transaction then becomes a public M&A process subject to the Code. If several would-be bidders for the company emerge, an FSP may be the most desirable means to pursue that process."
Now where could we find several would-be bidders for the company? -
"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."
https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-s2dz3bhew85fz5j.html
GLA