RE: EUA Subsidiaries - Licences15 Jun 2021 23:52
CAW1, Thanks for that. There are a couple of things here for me. . .
1. BR came late and are likely underwater - hence the short, sell, buy cycling that's going on to try and get themselves even. The lower the SP the more I buy - so thanks for that BR!
2. It perplexes me that otherwise intelligent people seem content to deny the vast evidenced wealth of EUA and the shrewd and cunning measures taken by the BOD as this DYNAMIC process evolves; doubtless with good counsel at every turn from DLAP and UBS.
Originally the mines/licences may well have been aggregated under EUA in such a way that realistically it was just too large for a suitor to buy the whole outright. Is it feasible therefore to make the whole package more saleable at best price by effectively changing EUA into smaller entities corresponding with the licences held. . . . and then conclude a binding agreement for the sale of each of these individually to the best bidder. Alternatively the lot to just the one bidder but at predetermined intervals of time at a price linked to the prevailing metal prices. Either way, it should make it more affordable to the buyer(s)
In the past I have split assets to maximise sale proceeds - not on this scale though!
Just my take on it at the moment but I am bracing myself for some surprises to come - EUA is just like that ;-)
1N