Member Info for Cebo-456

Info on AP workscope and results could be released at the same time as the MT flanks RNS if indeed it involved MT. - whi really knows. - after the Tipoli RNS and timing since application, I am hopefull that we see the Muchentundra Flanks RNS drop early next week, if bot before - although it would be nice if we see the SP tick up to 24/25p before the MT flanks RNS is pushed out.

Also a few jumping across to HZM this morning would be my guess, and good luck to them - but if that is the case they will be back across here in the next couple of days as I think the MT Flanks licence RNS will follow shortly. If we have any time line read-across with the Tipil licence (from application to fully granted) then MT Flanks would be Monday.

Many II's will not be allow themselves to buy AIM shares, others will need the investment Company to be of a certain MC, and the jurisdiction may also limit some II's. Any potential suitors will not be allowed to trade as they will have access to the virtual data room and have "inside info" and will have signed NDA's - so no real chance of anyone building a position that could result in a hostile T/O. Any II not involved in the FSP, building any position and buying in any sort of volume will also send the SP higher - as will any notification of anyone going above the 1% level - I wouldn't rule this out in the next day or so.
UBS are also the real experts here, very few apart from the Board of the potential buyer will have a clue about their bid - why give the competition anything to go on - and there is zero chance that there will be any leaks from UBS, they broker those deals based on their reputation and professionalism.

Many II's will bot be allow themselves to buy AIM shares, others will need the investment Company to be of a certain MC, and the jurisdiction may also limit some II's. Any potential suitors will not be allowed to trade as they wi have access to the virtual data room and have "inside info" and will have signed NDA's - so no real chance of anyone building a position that could result in a hostile T/O. Any II not involved building any position and buying g any sort of volume will also send the SP higher - as will any notification of anyone going above the 1% level - I wouldn't rule this out in the next day or so.
UBS are also the real experts here, very few apart from the Board of the potential buyer will have a clue about their bid - why give the competition anything to go on - and there is zero chance that there will be any leaks from UBS., they broker those deals based on their reputation and professionalism.

Guys FFS, if you think the restart after shutdown will be RNS'd , you are completely wrong and deluded.

*may be seeing

What we are now possibly seeing is the start of the bigger investors taking a poece of the action . I speculated last year that we would probably sell MT and keep WK, I thought that any sale would not be till Q3 2020 and that is why we would be stuck around the "lowly" 17-20p range and only once it was closer to the LE date would we see this rerate due to bigger players building a stake. I still think that Q4 is most likely for an offer being recommended by the board but think we may be using the very start of the shares transferring from the smaller retail investors to the serious speculators and even some II' taking an early stake.
Now FWIW, I now believe that FSP will likely be for the whole company.
All IMO

I think that Christian's comments tell us more than enough about the flanks and other projects licences that are in the pipeline whilst still staying with the rules of what he can say on an RNS -

"the directors are pleased with the permitting process achieved across ALL of our projects" . Ie - not just todays fantastic news on the Tipil License.

All IMO

Rattie, nope, my original point stands,

If you want sausages you go to the butcher, if you want advise on tax you contact a financial advisor or HMRC, if you want a haircut then visit the barbers. It you to get Rat@$$,d then try the Off-license. If you want clarification on MT or WK drilling etc then contact Keith and Co at Eua.
If less people phoned them asking about ISA, Bangers, Barnets Buckfast and Booze, it may leave then some time to get on with their day job of running and selling a hugely successful mining exploration and production company.

Pretty sure that most on here will have heard of the "nugget effect" in times of mining reserves and resources against production. Some on here are giving that saying a whole new meaning.

(Ian - Conservative 88p)

WTF, why would you ask a Company about ISA's and inheritance tax. Of course they are busy, they are running a mining company for a start and involved in a full or part sale of their Company - they are not financial advisors. Did you ask them for any advice on Fine Wines, the weather forecast in Newcastle etc. - Just let them get on with their job unless you need something EUA relevant info (that is already in the public domain) clarifying.

Boosim, and do you know that for sure?????

Would I be right in thinking that it is very likely the the Fat Fisherman and Oilman Jim were possibly closely associated with Jub Capital - both who constantly called Eurasia wrong for as long as I can remember Both have gone quiet on Eua sinse the Company proved them wrong and and have moved on to other shared where again they are showing yet again that they really are small time clueless chancers.

Thanks saxonaxe, although I have been holding and posting on this BB for coming up to a year. I held throughout the suspension, not that we had much choice and took a small amount at 13p and 18p but still have 90% of what I bought pre suspension.

And one @ £158k

Incorrect, under the Takeover Code, anyone that goes over the 1% needs to notify, or anyone over 1% who's share total changes has to notify.

In theory, yes they could build up a small % of shares before notifying UBS, but it would be very hard to do so to any extent without raising the SP. Anyone having access to the data room will have signed an NDA and will not be permitted to trade in EUA shares during the process.

Calamari, I believe the BoD's future PGM price predictions will mirror any buyers as they will be working off the same info so do not see that as s sticking block for any sale. I also do not think the BoD necessarily mean to mine MT, although they have the EPC contract with SinoSteel that they can trigger at any time which finances completion of the MT project money through to production ' - so they are in no rush to sell or take any low ball offer and have quite a few good cards to pull at the negotiation table.
Just patience needed here - and all the time WK is producing PGMs that are paying the Bill's and filling the coffers.

Calamari, I believe the BoD's future PGM price predictions will mirror any buyers as they will be working off the same info so do not see that as s sticking block for any sale. I also do not think the BoD necessarily meant to mine MT, although they have the EPC contract with SinoSteel that they can trigger at any time which finances completion of the MT money through to produce tion. - so they are in no rush to sell or take any low all offer and have quite a few good cards to pull at the negotiation table.
Just patience needed here, and all the time, WK is producing PGM that are paying the Bill's and filling the coffers.

The bottom line is that two of the Largest banks are both working on a success fee basis to facilitate the sale. Both have signed engagement letters. Fact. We also know that interested parties have also signed NDA's, even before the Formal Sale Process started regarding Monchentundra. If their were no interested parties or the FSP broke down or Eurasia terminated the process then they would have to let us know straight away. I said at the start that it would be Q4 and nothing has changed my mind. The SP will, in my opinion, rerate at some stage, possibly preceded by a tree shake, maybe not. It isn't a done deal by any stretch of the imagination, but everything looks on track, two huge banks and the BoD are incentivised to make it happen and the demand is certainly out there. For me, it is a case of what price are suitors willing to pay - some of the predictions on here are pie-in-the-sky but I do think it will be substantially more than the current Share Price and then some.
All just my opinion.
Those looking for info on what has been offered or talked about are clueless- once all the work and negotiation are finished then we will find out. We may get the flanks RNS at anytime or it may come at the same time as the sale RNS, not sure yet. Either way, I think this will at some stage break the 20p, maybe 25p barriers over the next few weeks before news.

All in my opinion and apologies for going on a bit.

I suggest you pay the 50k off whatever you actually own rather than defaulting on the whole lot and expecting someone else to pick up the tab for money you have had when your gamble doesnt come off.

Ethio, that not correct Eurasia are not holding the flanks license tactically if that's indeed what you meant.

And all the old theories and rumours about Market Makers holding back the SP, wanting your shares etc are bo!!oxs also, with most of the border-line practices knocked on the head with the introduction of Mifid II in 2018. - Yes they will move the SP to seek out liquidity - that is their job in order to fill trades within the NMS, but at the end of the day it is still mainly supply and demand that moves the SP to a different range. Do I think that the SP is manipulated on some shares - yes absolutely, but through entities stategically "legally" buying and selling including shorting. When the spread widens like it has at times yesterday and today then it may indicate that the MMs need stock which puts them at risk so they demand a decent spread to cover this risk, but they dont collect huge amounts to sell on un a few days, weeks etc.
There are still the "dark pools" of liquidity that will allow II's to buy and sell large amounts into the market without initially moving the SP, but even this has been tightened with regulations dictating and reducing how much volume can be traded outside the main order book.
In my opinion a lot of conspiracy theories are spread by investors with poor knowledge that have learned how to trade by reading and believing those BBs, most of which is wrong - and they use it to justify why they lose money and a lot of them wash out of the market eventually - it's always easier to blame others than realise that the mistakes were closer to home.

All IMO, good luck & stay safe