There’s a reason I don’t watch the news, please don’t Bring it on here, if that’s what you’re interested get yourself on Facebook or switch sky news on.
Eurasia’s sales news pending which is of far more interest
Id love to be a fly in the wall when figures figures were thrown about in October 2019 compared to now when rhodium is up almost 6 fold.
I know the likelihood is the price will be based on an average of PGM prices and forecast but rhodium really is in a league of its own. Surely the rise has got to be factored i. To the sale price as it hasn’t just spiked it’s been a steady climb and there’s no sign of it stopping
We’ll put Montmuzard.
Now firmly believe the longer this goes on, we’ll see an offer that blows out socks off. 18 months in with banks grafting on a success fee basis.....it’s got to be £5billion minimum?
PGM prices are rising because they are in deficit, and are forecast to that way for the foreseeable. So I’d say that makes a sale more attractive to buyers, can they afford to miss out on the only opportunity of its kind? can they afford to allow it to go to their competitors.....
Key point being:
‘With our EPC and Financing contract with Sinosteel signed and valid for 10 years our 2 open pittable Monchetundra deposits are fully financed and we can in our opinion rapidly move into production. ‘
If a deal wasn’t going to happen after 18 months with the top calibre BoD and advisors Eurasia has, the Sinosteel contract would have been activated last year!
From the non-binding offered put forward to EUA, at least a couple must have put their firm and final offers forward by now, it’s been 6 weeks since the RNS. Meanwhile Rhodium is running wild and as the world starts to open back up and demand for PGM’s increases again I would expect the price of palladium, platinum etc to continue north
He showed his true colours when the Alexei share sale / transfer fiasco happened and came on when the sp dipped to 14p laughing at genuine holders like a real piece of s**t, saying he was right and Eurasia was a dead duck even though he alleged to have held 600k shares, not seen him since, well as happyscot anyway. Another fantasist like Montyboz,
I'll say you opinion is miles off optimist. The only issue here is valuing a moving target as PGM prices increase. Rhodium is going to be ace up the sleeve of the Eurasia BoD when all is announced, no volatility in price just keeps going up.
Well Rhodium isn’t slowing down at all, $28k oz as we stand, at this rate $30k by next week. One of the biggest contributors to EUA metal basket as quoted by the RNS in September last year.
When Dmitry did the Proactive interview when this all started in October 2019, rhodium was $5,000 oz so has since increased 6 fold and the deficit is only set to continue. The positives for Eurasia just keep getting stronger and stronger!
KingofClangers - same to your Mrs too. Has she explored the cannabis oil route? I’m by no means an experts but have read some very interesting stories in overcoming cancer where it’s part of the treatment albeit self subscribed in some cases...