Member Info for Crabby08

Yes Montmuzard! MT isn't the only Monster under Eurasia's remit it seems!

Operational data has now demonstrated exploration data to be understated both in terms of grade and dimensions of ore bodies. The total difference calculated against three years of operational data stands at 43% (i.e. the minable reserves calculated to 4,477kg raw PGM may, based on operational data, finally contain 6,402kg Raw PGM).

This is mega!

It ill have caught TheMadStork out yes

UBS, CITIC & VTB have all been round the table at some point or still are since October 2019. They know exactly what’s going on and I have no doubts they’ll be happy to facilitate a funding package for the buyer if required.

Newtothisgame2 - they probably all p**s in the same pot. Ultimately why hang around on this BB if you’re not optimistic on the future of Eurasia, or not invested...

600k shares is what HappyScot used to claim he had, he soon showed his true colour when The Alexei sale / transfer dropped. Climbing to be on board but laughed and ripped everyone when the sp halved in an hour.

There was someone on here called Lamtree late 2019 that never had anything good to say, seems too much of a coincidence Lamstree has turned up

Meaning when PGM prices are high, it also has the highest profit margins!

Dmitry stayed in the 2019 Proactive interview that if the PGM market crashed (which forecast suggest the opposite) then Eurasia would be the last to die as it has the lowest extraction costs.

What you expecting Lamstree? A certificate and a packet of fruit pastels?

Agree tricky. With the NDA’s being super tight the offers have to be aligned with the BOD’s expectations. Otherwise the NDA’s would be a little loose to stir the market up and generate interest, EUA haven’t had to do that, water tight for 18 months.

Fair points Tricky.

I don’t think a billion would cut it though after UBS & CITIC fees after 18 months, DLA Pipers bill, BoD walking away with what they want, taxes, exchange. Not ramping but if the BoD we’re willing to accept a billion then a major would have swallowed EUA 12 months ago

Confirmation of multiple non-binding offers mid-Jan didn’t see a sustained rise like yesterday, there was a quick peak to 33p and it dropped back to 30 in an hour or so. Therefore I’d be surprised if yesterday’s rise was just on AA $15 billion, Hopefully there’s something solid that’s caused the rise and it continues or at least holds

Calamari has been doing the same on Eurasia for a long time, absolute waste of space. Hasn’t got a clue!

Spoke to Keith earlier about something else and asked ‘will the takeover panel intervene at a certain point if the FSP is taking longer than it should or will it run indefinitely?’ He replied ‘I can’t comment on the FSP ‘ and that was that, tighter than a submarine door.

Interim result were last published in September and everything was under NDA then so we should get them if a sale doesn’t come first.

Well you wouldn’t be ‘hoping’ to put news of no deal out shortly would you. As we know shortly can’t gauged by days or weeks with Eurasia, it’s whenever it comes. Been patient in Eurasia for 18 months myself, some people here far longer than me. I’ve started to find patience easier the last few weeks and kept busy with other things

Plus do Eurasia need a joint venture at MT? They stated in an RNS they have the finance in place with the Sinosteel contract to take MT to production quickly, why would they entertain a JV at MT if they can just go at it themselves? It may take a little longer but the rewards would be far higher. A sale of at least MT is my view

Valid points you raise Mark. Don’t forget CITIC have been working at this for 18 mo the as well on a success fee basis. I believe the ball park offer were in the right range in July last year, hence EUA taking on UBS on a success fee basis to negotiate on their behalf, DLA Piper to broker the legal jargon as well as the in-house expert isn’t Rawlinson.

I believe after this length of time there will be a sale of at least MT otherwise this wouldn’t have taken so long. A joint venture on one of the other areas maybe but whatever happens there needs to be a lump of cash transferred to Eurasia in all of this to pay for UBS and DLA Pipers services. The last update stated Eurasia had around $7million in the coffers, if UBS and CITIC are working on a success fee basis, i highly doubt that the $7million would cover payment of their services when this concludes, after being involved for 9 and 18 months respectively up to this point. To still be working to bring this to a head after so much a long sales process says it’s in the i tweet of all parties, plus I would imagine DLA Pipers invoices will run in to the millions.

Nothing’s changed, PGMS are stable / increasing and supply is forecast to be in deficit for the next 10 years at least.

It’s all just taking longer than we’d like, but it’s happening. From previous update intervals I’d like to think we’ll get something in the next couple of weeks.

I agree Tricky. Also PGM prices forecast to continue north as with a deficit for the next 10 years. Plus CITIC and UBS’s success fee’s, they’ve been involved for 18 months and 9 months respectively now and will obviously be compensated accordingly. Plus DLA Pipers bill must be racking up some now.

Morning Toon. Everyone’s entitled to their opinion but when people are on he regularly trying to kill positivity where Eurasia is concerned I find it a bit suspect. Some of the £50 valuation are a bit far fetched I agree but the way the worlds going Eurasia is in the middle of a perfect storm.

In hindsight I’m glad this sale has taken so long as the company is in a stronger position financially than it was 12 months ago, which considering how savvy the BoD are and sparing no expense employing DLA Piper and UBS can only mean a higher sale price than maybe what would have been put forward 12 months ago. If a sale wasn’t going to happen the BoD would have figured that out after already having CITIC engaged for 6 months and no doubt would have activated the Sinosteel contract to get MT in to production, but they haven’t. The last we heard they are progressing multiple non-binding offers, to binding offer, that was just under 2 months ago. Considering UNS are working on a success fee basis and handing negotiations on Eurasia’s behalf I don’t think they’ll be sat around waiting for the phone to ring. This has got to conclude sometime, who knows when but it’s closer than it was yesterday