Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Ian - put me down for 18th Feb as well please, not had a go for a while.
Certainly hope we have an offer for shareholders this month, surely the timescale moving from non-binding to binding offers has got to be capped in the interest of all stakeholders, it can’t continue open ended as it sounds quite loose for an FSP?
During this period the remaining buyers at the table have already put there non-binding offers forward so they’ve completed due diligence and it’s the final rounds of bidding is how I see it. Every day that passes is costing all stake holders money and resource, which the buyer will get back but the other interested parties won’t, there’s got to be some pressure to get this finalised now surely.
By lower FSP do you mean shorter time period or lower sale price Parsely?
If a lower sales price how do you work that out? You alluding to the share price dropping is because the lower the sp goes, the more metal under Eurasia permits disappears? Only way I can see the price going lower, because PGM prices keep heading North
Agree Dore, it'd be impossible to work out a deal with the constant change in PGM prices as a small change either way on any PGM will make a huge difference to the price overall considering the amount Eurasia has, it would forever be a moving target.
An price and quantity per PGM and other metals must have been agreed by the BoD and buyer(s) already in order for them to have received multiple offers
Watch this Parsely it’s all there you just can’t seem to absorb it, same with all the RNS’s of the last 12 months.
https://youtu.be/d_YMY6yiMDE
You stick to your 10p posts while sniffing Tiger, 1307’s, Tom Winnifirth’s back end, there’s a good little doggy.
Montmuzard - brilliant post made up of proper substance and valid points, all the things you don’t see from 1307, Parsley & Tigerbythetail plus others. No point even entertaining these accounts any longer their agendas are clear and they’re don’t see Eurasia as an investible share, yet some are on this board everyday.
The genuine holders know why they’re here, UBS, CITIC & DLA PIPER know why they’re here, I have full confidence the BoD are steering this ship in exactly the right direction to ‘maximise shareholder value’ by ‘progressing to binding offers’.
Seeing MM games a lot the last couple of weeks after none for a while which makes me think we’re on the brink of the deal being announced. Good luck buying at 22p before then, you’ll be lucky to get in at £1.22 when news drops
The RNS that came 4 weeks tomorrow stated multiple binding offers that were being progressed to binding - of the buyer(s) has made non-binding offers they knew what resource they were offering on.
If the DFS approval wasn’t the gating factor to moving to binding offers then surely it can’t be much longer. It’s just a matter of each bidder confirming they’ve put the final bid forward. Due diligence has been going on for almost 18 months from what we know so everyone has had the info for a while.
Aubrey - Id already started buying prior to the interview so I know how many multiples this has increased, and every time we get proper updates I think the sales will be a few multiples of where we are now at least.
- only PGM opportunity of its kind and size on the market
- infrastructure close by
- top drawer BoD and advisor engaged to maximise shareholder value
- PGM prices rising and forecast to continue north for the foreseeable
The only downside to this whole situation is that it’s taking longer than everyone expected, so what, still making more than it would on a savings account, wait it out
Tricky - yes he brushes the ‘no sale can be guaranteed’ caveat off as a formality by the Nomad not by Eurasia. His confidence in what he’s talking about 17 months ago when the interview was put out, makes me think the size of this deal must be colossal to take so long. Maybe the deal taking longer is a play by the BoD as PGM prices keep increasing, who knows.
He says even back then there were multiple interested parties and it’s incredible how everything he talks about has come to fruition and even exceeded expectation as UBS wasn’t onboard at the time negotiating on Eurasia’s behalf, plus flanks hadn’t been approved yet.
Negotiations haven’t been going on for 17 months for Eurasia to sell for 50p, pounds not pence I think realistically.
No need to ramp. Watch the Dmitry interview from October 2019, it’s playing out exactly as Dmitry said it would.
https://youtu.be/d_YMY6yiMDE
1307 said he was going to buy back in at 22p last Thursday, never happened.
Never seen him actually post anything related to Eurasia itself only comments like ‘time to move on’, ‘people should think about selling some’ never seen anyone as consistently wrong on this BB