focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Billions - Russian mining authorities are obviously on board and happy with Eurasia’s situation as since being in a sales process they have approved the flanks application at MT, WKS DFS and no doubt will approve the WK flanks application.
CTC1988 - fees to UBS & CITIC wouldn’t as they’re working on a success fee basis so I believe they’d have walked away long before now if a deal wasn’t being finalised.
DLA Piper would need to be paid but personally I think they were only brought on board when reasonable offers started getting put forward, the same time UNS came on board.
I don’t see why the BoD would want a JV at MT when they have the Sinosteel contract on standby which would finance getting it up and running themselves and reel the rewards?
Plus if it was to be a JV at MT would it have needed UBS & CITIC to negotiate? I’m not so sure it would. Either way whatever happens the lump of cash will need to come from the buyer to cover the fees of UBS, CITIC and maybe DLA Piper indirectly...
Harris - It wasn’t advice it was a question? I think you’re telling porkies. I also started buying back in October 2019 (posting history validates) at 2.5p, was in the day the SP halved from 4p to 2p when the Dmitry Proactive interview went out. I’ve bought right up to 32p.
I feel if Eurasia was going to be sold for a couple of billion the NN and maybe Anglo would have swallowed them up and took a chance on less due diligence as they have an idea of they area, in order to take it off the market from competitors especially considering a couple of billion is either here nor there for these companies.
The fact the MT flanks has since been issued, WK flanks pending and an FSP was initiated tells me it’s going for a lot more.
Eurasia didn’t enter and FSP from a scratch, this all started October 2019 so factor that in.
Also in the January RNS it states the sales process was taking longer than expected due to complexity, Covid etc so the BoD didn’t seem to think it would take this long either...