Member Info for Crabby08

Billions - so what would you say a fair valuation is sp wise for Eurasia lock stock and barrel?

I wouldn’t say gold and copper are in deficit like palladium, rhodium, iridium and cobalt are though. And with Eurasia being the only available resource on the market, o think that’s where a premium would start to be factored in

Congrats Portsmouth, speedy recovery to enjoy your winnings here!

I think there was something like a 30% discount factored in to the 60p ACF price due to the Mt flanks not being approved at the time it was published

Also Eurasia isn’t a single resource company:

Gold
Copper
Platinum
Palladium
Nickel
Cobalt
Rhodium
Iridium

We’re on the same wavelength morningsun

The ACF report from Feb last year was the benchmark put out by the company with a minimum price of 54p. That was before:

MT flanks approved
WK flanks applied for
Far lower PGM Prices
UBS joint on a success fee basis to negotiate on Eurasia’s behalf
South Africa infrastructure issues
NN water leak issues

Feel free to add anything I’ve missed...

Understand your points billions but Kaz also had circa $3 billion debt, as I mentioned earlier Eurasia has none

‘ VTB’s involvement in London's previous mining transactions was critical. It served as adviser for Sviblov’s company Fortiana when he bought Highland and for the Trans-Siberian offer, and lent the Kaz buyers $3.5bn. ’

People have said previously, ‘who’s got the benjamins to stump up 3/5/10 billion for Eurasia in a pandemic’ and I’ve replied that considering VTB, CITIC and UBS are or have all been round the table over the last 18 months and completed their own due diligence, I’m sure they’d all be happy to pull together a finance package for the buyer, if required.

KAZ also had somewhere in the region of $3billion of debt.

Eurasia has none...

The messages I posted this morning calling out the absolute tripe Tigerbythetail, downthehatch, Mikeschofield have all vanished.

Also Hairy saw his hairy a**e when I asked him why he calls people out for stating facts about Eurasia and the FSP but not when the above liars spout their nonsense and why he is here if he doesn’t believe a sale will happen? To which I didn’t get an answer....

Comical really that they can’t being pulled up on their lies. Bunch of sausages!

Been doing the same with Eurasia for a good while, think it’s cost him quite a lot so far as he keeps calling it wrong and ****ing his shorts up. Sausage!

The bells are out. Tiger if you’re sensitive enough to feel ‘bullied’ whilst spreading mis-information and a a very healthy share of a decent company then shares aren’t for you.

If all is as bad with Eurasia as you make out, why are UBS still negotiating on Eurasia’s behalf after 9 months on a success fee basis? I’m sure you won’t give a reasonable answer, or any answer at all....like mjs said, you’re s**tting yourself!

Spoke to Keith the other week on something else but he did reiterate ‘we can’t comment on the FSP’ and so I wouldn’t expect much of an RNS until sales news is ready. It’s been watertight all the way through, highly unlikely the BoD are going to change tact now at such a critical stage of negotiating binding offer with multiple interested parties.

They’re in the same boat as us in that they are shareholders, we have no option but to trust their lead or sell. Selling isn’t an option for me...

Happy birthday Pompey

Good points geniegenie.

Shezer - considering the credentials of UBS there will be some structure to the process, and the fact the RNS in Jan stated progressing multiple non-binding offers to binding would highlight there are offers in the right ballpark that the BoD & UBS are happy to work towards, which the last RNS highlighted is on-going.

Confident the longer this goes on the higher the sale price, UBS & CITIC aren't top of their game for inefficiency or measly deals...

Gecko , MJS - agree with both.

Everest - let's hope so. Can you actually imagine when the Sales RNS drops and if (which I think it will be) over £1, there's going to be fireworks!

EUA’s been where GGP are a number of times, I think EUA has definitely been manipulated a lot more over the last 18 months than GGP, not great to see, definitely wouldn’t go over there and gloat like HappyScot did here around the Alexei fiasco. Getting a taste of his own medicine with GGP it seems

I’m not sure I’d ever take advice off someone who starts a sentence with ‘Gud words from u’ to be honest....

Long9 - elaborate on why things don’t look good, back up your statement....

- PGM prices are through the roof and are forecast to continue
- Only assets PGM asset of this size available on the market
- No debt
- All RNS indicate a sale is being negotiated and progressed
- UBS, CITIC & DLA Piper advising, all industry leading
- WK flanks due to be approved...