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Evening everyone
I am invested here and also in BMN following the vanadium redox potential.
Does anyone have a view on how this 'new' iron redox technology compares ..? Link to article below for info.
https://www.pv-magazine.com/2020/07/22/new-all-iron-redox-flox-battery-for-renewables-storage/
Hi Shed - yes it would be some punishment but I don't think they will end up paying anything like that amount. They are disputing the extent of the damage and presumably will make much of what they have spent already on clean-up costs.
The wider point I was trying to make is that as the dominant player NN can't just let this opportunity go by - what would Mr Putin say?! I don't think funds are a problem as they recently pulled out of their Arctic project and sold their stake in a project in Australia ....
As I understand it, if anyone had really made an offer there would have been an announcement.
The Takeover Code says in Section D2:
"An announcement is required:
a) when a firm intention to make an offer is notified to the board of the offeree company [i.e.EUA] by or on behalf of an offeror, irrespective of the attitude of the board to the offer"
Alta
I did a similar calc for MT using conservative assumptions (I think) and I got 74pps
I assumed $1500 value (for 2:1 Pd:Pt), 10% value for the 15Moz + 2.5% value for a further 25Moz, factoring by 80% for ownership and allowing 10% for bank fees etc.
Same ballpark ...
MONCHETUNDRA
The other 20% of Monchetundra was owned by Luncroft Holdings Ltd. The 20% share was transferred to Luncroft in 2014 in return for their assistance bringing in another investor (see RNS of 14th Oct 2014). Luncroft was an existing shareholder in Eurasia since 2008.
However, not clear who owns the shares now as Luncroft went into voluntary liquidation in 2018. The liquidator was Russian so it was presumably owned by a Russian investor ...
WEST KYTLIM
Eurasia originally had 75% of WK with the other 25% owned by a Russian mining company Yuzhno-Zaorsky Priisk. Eurasia sold 7% of WK to their existing shareholder Alexei Churakov in 2018 leaving them with 68%.