Member Info for Crabby08

He's soiled that many pairs he's in to the wifes knickers now

After all the shooters efforts the get caught out at 5pm I’m a Friday after close and have to spend the full weekend on the toilet with as much s**t coming out their back end as what has come out their mouths for 18 months.

Have a good day shorters......NATTTTT!

Access for up to 118moz of PGM’s (25% deducted from Rosgeo potential) and ‘ it’s very unlikely indeed that the company would be sold for just $1b given it’s currently positions with cash, production and EPC contracts.’

You must be kidding, if they sold the lot it would be unlikely to sell for less that 10 billion...

Anyone selling today unless they really need the cash is nuts. I think news will come thick and fast on the FSP & Rosgeo fronts now.

Personally, I believes WK & MT might be sold and the company moves forward with the Rosgeo opportunities. The Rosgeo news we got on Friday could very well have been the gating factor for to finalise the FSP, hence it taking so long. Binding offers have to be in by now. Not only is the company in the best all round position it has ever been in, there’s no cap on how much money Eurasia can earn over the lifetime of the 9 mines with Rosgeo if PGM and battery metal prices increase as the are forecast to do so. I have little doubly the value of Eurasia will increase exponentially for a while to come yet...

Not really sure what to expect tomorrow
Morning as we’ve seen a few false starts previously with flanks approval, DFS approval but those updates I’d say were relatively minuscule in comparison to what we received Friday.

Equally as some have mentioned the BoD dropped it Friday after hours to give those concerned time to digest it and understand it properly. Finishing anything over 50p and I’ll be buzzin!

They’re not poor shortens. The come on BB’s and spread lies to suit their own agenda in the hope the price will drop to their benefit. They deserve everything they get and I’ve zero sympathy.

Been a good few examples here over the last 12 months with Tom Winifirth losing a chunk and JUB going bust from being caught out trying to short Eurasia and some obviously thought they could do better an tried again. Well Friday proved how stupid they are as they likes of Mark Schofield, sharebel, Hairyharris plus whoever have been on here p**sing out their a**e’s is dispair how much it’s going to cost them......tough s**t!

Krayl49 - my thoughts exactly. Sell WK & MT, special dividend to shareholders as mention in the October 2019 Dmitry Proactive interview, keep a slush fund in the bank to progress with the Rosgeo projects.

If needs be get some sort of sinosteel type contract for the new mines but probably with UBS, CITIC or VTB who have been or are still involved in the Eurasia sales process. They’ve done their due diligence already so I’m sure would be forthcoming in offering finance packages if Eurasia needed them

Only

Not sure but think the likes of Tigerbythetail, Long9, HairyHarris on chance of a ride will be with an e-brass

Why would all those posting negatively spend their weekend skating a share when the markets shut? Like it’s going to make one ounce of difference on Monday morning.

Eurasia have just stepped in to the major leagues with that RNS. FSP is progress, all the pieces including those we didn’t know about are firmly fitting in to place. I’ve absolutely no reason to believe this will end up anything other than colossal!!!

The Russian state aren’t letting Eurasia have it for £500k, that’s just the deposit to keep everyone else out and give Eurasia First refusal for the next 2 years.

The RNS states the earnout agreement in which Eurasia will pay their fair share as production on the mines progresses. The state will get their cut as well and everyone is happy.

This news is unbelievable, how they’ve just dropped it on us when nobody had a clue especially while balls deep
In the FSP. The BoD here are second to none and therefore there’s no way WK & MT aren’t going for at least full value, probably a premium. Absolute monster of a company....take as long as you need BoD because it’s working.

If the assets under Eurasia’s remit didn’t make the company a monster before, that RNS certainly has now. No idea how high this is going to go with sales news and possibly a business to sustain with the new 100moz with the state. It’s a win all round especially if we get a special divi from the sale and retain shares in Eurasia for them to move forward with the Rosego opportunity. Numbers are mine boggling in to the hundreds of billions potentially.

Billions - I kind of suspected you weren’t on board yesterday but you’ve confirmed it since that RNS. Picking holes in everything after that massive news dropped.

A lot of turds turning up last few days, that are going to come unstuck big time it seems. No sympathy.

Anyone pick up in this bit which I assume relates to the FSP:

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "....... we are making progress on the strategic options available to the Company‘’

Brilliant that they put some figures in the RNS so we know what they’ve acquired.

Funny how quick Long9 & downthehatch shut up, twats!

Silversun - if DLA Piper are getting paid by the hour I’m sure they’ll be finding themselves stuff to do to keep the metre ticking. Plus if a multi billion dollar deal was taking place you’d want their undivided attention. I can’t imagine they have the same resource spinning multiple billion dollar deals at the same time...

Where UBS and CITIC are concerned, they should be doing everything in their power to push this over the line, because until that happens they aren’t getting paid. Can’t imagine any of them are sat there waiting for the phone to ring. Baring in mind if there are multiple bidders then UBS, CITIC & DLA Piper are going to have to coordinate with the legal teams and BoD of those companies, there a lot people involved and a lot of moving parts

I would like to think so but I can’t be sure. All I know is it’s closer than it’s ever been...

To put some context around this - some of the best / most expensive houses for sale in an area sometimes Don’t list the price, they’ll say POA for price on application. Maybe for some discretion for the seller or to weed out the time wasters. If the house is of very high value with expensive contents, buyers may some times be vetted before being allowed a viewing and may have to show proof of funds to show they can afford. I feel like that’s what’s happened with Eurasia up to the point of the non-binding offers.

Once buyers have proved they’re viable they’ve been granted access to the data room and given time to put their initial offers forward. Due diligence is ongoing by the bidders to ensure everything stacks up.

The top 3 or 5 offers may have them been progressed to binding and sealed envelope bids are put forward to UBS. The BoD then review these with UBS (which is probably where Eurasia are at now I suspect). it may then get narrowed to the top 2 bidders to try and push the price up further. Eventually you’ll have a winner...

The BoD wouldn’t be progressing multiple non-binding offers to binding if they weren’t acceptable. If the offers were to low the FSP would be called off, UBS, CITIC are going to sit around if there’s a stale mate as they wouldn’t get their fee.

The fact the non binding offered are being progress to binding means they’ve found common ground and if there’s a few still bidding then the binding is last and final offers.

Big step up all of a sudden

Dmitry owns 20%ish of shares and is also in charge of M&A now at Eurasia, I’m sure he knows what he’s doing and wants paying ASAP just like us. He’s not going to sell himself short is he so I’m sure there’s good reason it’s taking so long.

Can’t be easy putting a price on Eurasia’s assets that’s are growing with each new license granted and on top of that PGM prices rising exponentially and forecast to continue north for at the next 10 years. It’s a moving target