Quick reminder1 Jun 2021 13:39
Source: RNS Number : 4503Y,Eurasia Mining PLC, 12 May 2021 "Potential asset sale, FSP & other updates"
"pleased to announce that a proposal has been received for the acquisition of certain assets of the Company."
"Eurasia and its advisers have engaged with a wide range of parties interested in acquiring either the assets and/or the Company."
"has more recently focused its attention, including providing due diligence access, on a limited number of potential bidders who had shown consistent interest in Eurasia and its high-quality asset base."
"However, after conclusion of the joint venture with Rosgeo ("Rosgeo JV")......the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."
"Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are committed to maximising the value for all the shareholders, and we are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders."
"James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "After significantly strengthening our position in the open pit PGM district of the Urals and in the PGM and battery metals district of Kola recently, we are enthusiastic to advance a potential deal that provides an opportunity to monetise the value to Eurasia's shareholders."
I'd be wary of shorting EUA.