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Didn’t copy correctly. Second entry confirming NDA on 1st July 2020
“The interested parties shall be invited to submit their proposals to UBS. It is currently expected that any interested party wishing to participate in the formal sale process will, at the appropriate time, be required to enter into a non-disclosure agreement with Eurasia on terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties participating in the formal sale process, before being permitted to participate in the process. 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.“
“With regards to the proposed sale of our Russian assets, as previously announced, our M&A team is focusing on BRICS counterparties, and discussions are ongoing with predominantly Russian, Indian and Chinese non-sanctioned counterparties. Whereas progress has been made with certain parties, at present there can be no guarantee that the Company will enter into a legally binding sale and purchase agreement with any of the interested parties. We expect potential buyers to remain anonymous until the Company is in a position to execute a legally binding agreement and further updates regarding the sale process will be made as appropriate.”
Also
“With regards to the proposed sale of our Russian assets, as previously announced, our M&A team is focusing on BRICS counterparties, and discussions are ongoing with predominantly Russian, Indian and Chinese non-sanctioned counterparties. Whereas progress has been made with certain parties, at present there can be no guarantee that the Company will enter into a legally binding sale and purchase agreement with any of the interested parties. We expect potential buyers to remain anonymous until the Company is in a position to execute a legally binding agreement and further updates regarding the sale process wilbe made as appropriate.“
30 Sept 2022 - Eurasia Mining PLC - Interim Results for the six months ended 30 June https://www.lse.co.uk/rns/EUA/interim-results-for-the-six-months-ended-30-june-7uza0o9wriphv46.html
Our cash balance remains robust, with more than £3 million and US$6.6 million at the time of writing in the Group's sterling and US$ denominated bank accounts respectively.
21 Dec 2022 - corporate Update:
https://www.lse.co.uk/rns/EUA/corporate-update-zksidv757v8o68y.html
The Company's cash position (to mid-December), following expenditure on key capital items for the West Kytlim Mine, including the dragline and powerline project, stands at approximately £4 million held in sterling and dollar denominated accounts outside of Russia. Additionally, the Company holds the 2022 West Kytlim mine product with an approximate value of £5.6 million, with additional VAT credits of circa £2 million available against future production. Following the acquisition of additional diesel machinery and the dragline during 2022, the mine at West Kytlim is now fully equipped for the 2023 mining season.
Yeah there’s been a fair bit of expense in 2022 year but I’ll go with boards advice.
As of now theres a pile of mine product with (approximate value of £5.6 million) to be converted, decision shortly on the optimal strategy for refining.
The last line in RNS extract that Ironside has provided “ WK fully equipped for 2023”.
“Washing of gravels has finished for 2022 with our team and machinery now refocussing on the winter stripping programme”.
Defrost later in year is all that is needed to get wash plants going again to start washing the earth that the dragline will be unveiling to generate more mine product & cash if needed. It was noted on 21st Dec there’d be a 72-hour continuous performance test on the dragline and we haven’t heard anything RNSd to the contrary.
Board also commented in previous RNSs about all other commitments for Rosgeo covered by raises.
“With regards to the proposed sale of our Russian assets, as previously announced, our M&A team is focusing on BRICS counterparties, and discussions are ongoing with predominantly Russian, Indian and Chinese non-sanctioned counterparties. Whereas progress has been made with certain parties, at present there can be no guarantee that the Company will enter into a legally binding sale and purchase agreement with any of the interested parties. “
“We expect potential buyers to remain anonymous until the Company is in a position to execute a legally binding agreement””
Is the DFS the final part to move into position
Jasper 13. Hope the treatment all works out for you. Dot. Go spending it all at once
I hope this develops well over the next 6 -12 months for us all
As thread was deleted :
If you’re with HL your
*Action is required before midday on Monday 21st Jun 2021.
*most recent vote is counted!
- - - - - -
The Board of Eurasia Mining plc is holding an Annual General Meeting on Monday 28 June 2021.
If you wish to vote FOR, AGAINST or ABSTAIN each of the proposals, you’ll need to do this by noon on Monday 21 June 2021 so we can pass your vote onto the company before the shareholder meeting.
If you enter more than one instruction please note only the most recent will be accepted and any previous instructions will be disregarded.
They have just held a EGM and done a $20m placing to strengthen their negotiating position for the ‘deal’. So the deal is setup for a significant part of the assets and dependant on using that $20m for developing the Specific part JV?
Whats the thought on negotiations failing or price crashing if res 6/8 don’t get approved?
And doubling 250 to 500mil without an explanation, curious if it has been that anount before?
Oldspursfan
I hadn’t realised that the authority limit has doubled to £500k (what was in place previously £250k par value/ 250m sharelimit). Definitely holding off vote to see if anything follows or if there is any encouragement from the co to vote.
Thanks and have read history. Sometimes difficult to pick these out in the repetitive posting of others.
Looking back at EGM 28thApril majority of 81% in favour and 65% participation. I think I recall EUA tweeting in the week prior to encourage votes, and lots of encouragement on the boards and forums etc
12th May we leave FSP. Now have an EOI from a credible party who showed consistent interest.
We were told in the the EGM RNS, the resolution is a standard resolution proposed and passed at all recent Company Annual General Meetings but which, for reasons related to delays in processing votes held in Nominee accounts was not passed at the 2020 AGM held on 18 September 2020.
This months AGM, they propose the same again for £500k. This time feels different. have they not just had the option with the EGM. Appreciate an annual resolution but on the other hand the directors only decided to limit the financing to £14,126,289 to keep shareholder dilution to a minimum and to focus primarily on advancing certain Rosgeo JV projects to production via EPC and financing contracts with minimum equity injection.
What’s everyone’s thoughts on res points 6-8?
Are you holding off until week before?
Some are claiming to have voted already in favour of all
Roger65. Likewise
I’ll be holding off voting as long as I can to see if any further news flow comes through from the board. If nothing further is released that is of significance to help those in the fence, res points 6/8 will have to be given some serious consideration and will prob fall on the no side given recent placing. Which the board told us was a opportunity to strengthen our negotiations.
Watch this space then until AGM June 28th
Beesty69. Share talk indicating ASAP. Possibly today / Wed
https://twitter.com/share_talk/status/1402529857423216644?s=21
Just done it.
Must be 50% of this particular board feed is made up of one person posting tosh
Popped on board for a wee scan. Wish I hadn’t.
Think the majority of us are benign overcome by fatigue and getting ratty with each other.
Some are infatuated with accumulation and money or simply have nothing else to focus their attention on.
No point coming up with any more scenarios, and what ifs.
Take a a break
.
Distance yourself from the computer or the app on your phone. Relax we’re on the home straight.
From Hargreaves Lansdown 13th May. I already have a find & share account so nothing to do. Anyone should be able to open one easily
Nu-Oil and Gas plc: Delisting
Your holding of xxxx Shares within your Stocks & Shares ISA
What has happened?
The above Company’s shares have been cancelled from trading on the Alternative Investment Market (AIM) with effect from the close of business on 4 May 2021.
Important Information for ISA holders
Under HMRC rules, unlisted shares can’t be held in an ISA. If you hold these shares in an ISA, they must be removed from it.
You can transfer your shares into a Fund & Share Account and continue to hold it in your HL portfolio. If you already have an active Fund & Share Account, you don’t need to do anything – we’ll automatically transfer your holding shortly after Wednesday 2 June 2021. If you don’t currently have an active Fund & Share Account you can open one online at www.hl.co.uk or over the phone on 0117 900 9000.
If you don’t have an active Fund & Share Account open by Wednesday 2 June, we’ll place your shares into an inactive version, which you can then activate by following the same account opening procedure as above.
Should you have any queries relating to the Delisting please contact us here.
Yours sincerely
Jack Davey