Member Info for Brookkers

From the RNS:
The total of the Initial Consideration and the Earnout (if applicable) is capped at 75% of the value set under the relevant Russian law if the Additional Assets had initially been auctioned by the Russian state instead of being acquired by Rosgeo.

Amanensia and trading4good ...
OK I get it - if it is based on estimated auction value at an early stage then yes likely/certain to be a small % of potential spot value ....

Seems like a reasonable enough question ... why would it be sure to be a small percentage of in situ asset value ..?

Gaz - try this
https://www.morningstar.com/stocks/xlon/eua/ownership

EUA trades on UK market ...

nice one Roger - particularly the last line

what rubbish

Re Queeld - more shares have been issued so maybe their % share has just been diluted ..

Maybe so they can sell shares to investors in each company ...?

Yes - opportunity to position for the EPC contract ...

I guess it is too small to RNS - just some engineering work ...

zzzzzzzzzzzzzzzzzzzzzzzzzzz

Morning oldspursfan
For info re Luncroft Holdings, a company of that name registered in the BVI announced voluntary liquidation in Feb 2018. Who the shareholders were I wasn't able to discover ....

Send in the clones ...

Interesting if Urals Alluvial Platinum (UAP) is being wound up as I thought this was the EUA subsidiary that holds the 80% share of MT, via a further subsidiary Terskaya (TGK) which is the license holder.

UAP was originally a 50-50 JV set up with Anglo Platinum in 2006(?) - EUA sold 80% of MT into this JV in return for funding of a drilling programme. Subsequently EUA acquired Anglo's share giving them 100% ownership.

What are the details of your short then ..?

Ideally we want a credible party to make an incredible offer ....!

Maybe not too much difference - credible party as I read it underlines the financial strength.

credible party, i.e. financially credible

No