Member Info for Crabby08

Dore - how was it a holding RNS when it was the first RNS confirming offer have been made? And negotiations are continuing to convert non-binding offers to binding offers....

91jonmo - the BoD may already have already received the DFS state approval but just haven’t put it out yet, they did the same with the flanks approval until Alex found it online...

I hope you’re right Tilly, don’t think I’ve ever been as patient with anything in my life.

The absolute icing on the cake for this tale would be to hit a new high of 55p and then then the BoD drop the DFS as a further catalyst and then drop the sales RNS! Some may say the chances are slim but not completely out of the realms of possibility!

We’re definitely due some excitement here.

Monkey - I used to think the same until Alex found the MT flanks approval before the BoD has released it in an RNS. I don’t think they have to and the BoD seem to like to keep that kind of info in house once received. Like I say I don’t know why but it must be allowed...

I appreciate there have been holidays but with the DFS formal approval being 3 weeks (as we stand today) later than the BoD mentioned it does support the idea that the DFS is in hand could be released with an offer.

If so, I don’t know why it’s being held back, just the same as I don’t know why the MT flanks approval was held back but the BoD know what they’re doing so we have no option but to trust the way they work.

Everything in the last RNS is pointing in the right direction, it give us confirmation that offers have been made and that all stake holders are working to formalise the offers. I don’t think we’ll get an RNS saying the non-binding offers have become binding offers, I think It’ll just state the offer the BoD are looking to move forward with.

EDDOEX - 60 years investing and still don’t know your a**e from your elbow

It’s definitely overdue!

The bottom line is everyone is down from the peak of 45p if you were invested then or 2 weeks ago when the sp was 33p.

If you’re uncomfortable then logic is sell up and move on, if you’re still confident it’ll sell for higher than the 29p where it’s at now you hold.

It’s alright talking about missed opportunities of multi-bagging in hindsight, chances are you wouldn’t have bought and sold perfectly on those opportunities so you wouldn’t have made as much as you think. Either way it’s water under the bridge now, we are where we are.

People panicking when at the click of a button they can sell and move on. There wasn’t that luxury during suspension at 7.2p when the world was turned upside and Covid was taking off. We’re now 4 x suspension price and we’ve just got an update for the first time telling us the company has received multiple offers, just that things are taking a little longer than expected.

Chill out it’s not like the stuff in the ground is disintegrating.....if anything it keeps rising in value!

Year2020 - I disagree. RNS have referenced a full company sale previously and the board was reshuffled a few months ago accordingly. I agree some board members may be retained but for example if NN are the buyer the don’t really need the RUA BoD as they already have a full working set up door.

AlphaOmega - if it’s summer next year they may as well have activated the Sinosteel contract in October 2019 and they’d be mining MT before summer 2022.

I did rockhopper. Always make some frantically error when typing on the phone

I get your point AlphaOmega but I’m sure UBS, CITIC & DLA Piper all knew what the ballpark figure was before the got involved and if any offers weren’t around that figure then they would have downed tools and walked away, saved there time and money and put it in to something more worthy. They’re all still on board so to me that indicates all stakeholders are on the same wavelength after the 16 months this has now been going on for

Eurasia never put themselves up for sale, they were approached by VTB & CITIC and asked if they would entertain the idea of a sale, they said yes if the price is right. They don’t have to sell the can activate the Sinosteel contract and go at it themselves which a previous RNS stated would take a relatively short period of time , my guess a couple of years.

Eurasia is in no way a distressed seller and are firmly in the driving seat.

With regards to other transaction structures let’s say hypothetically they sell WK & MT desperately, this should mean more money for shareholders. If you had 2 cars for sale for £10,000 each and someone offered you £10,000 for one of them but £19,000 for both, you’d probably take the £19,000. Less money but and easier deal than selling them separate. I.e. if EUA are selling their assets individually I’d expect a higher price for them.

Either way the BOD’s interests are aligned with ours as the hold around 25% of shares and they’ve repeated in numerous RNS their priority is to maximise shareholder value

Jesus Christ Calamari give you, why you here if you have no belief in a solid conclusion.

-There’s been multiple bids.
- Dmitry said Oct 2019 the company won’t rush the sales process.
- The value of PGM’s are rising week on week, and Eurasia is the only opportunity of its kind in the market.

There’s nothing you post that is ever of any worth in relation to Eurasia and you back nothing up with hard data. Go away.

Even if it is the South Africa situation, it isn’t going to get better anytime soon hence companies looking for resource elsewhere. The demand for rhodium is only going to increase moving forward.

I really can’t wait to find out how much Eurasia has as I feel like this is the ace up their sleeve they’ve hinted at but not actually given us definite figures yet.

Be careful Belstaff or he’ll filter you.

Not sure how I’m going to cope

It's a joke how the share price has flat lined today after that news. It hasn't been this flat Monday - Wednesday this week when there was no news.

The caveat 'no sale can be guaranteed' was covered in Dmitry's Proactive interview of October 2019 in which he says it's a formality of their Nomad, his body language at the time says a lot too.

I've also wondered if this is added as a bit of reverse phycology to the bidders to say 'If your offers don't meet our expectations then no worries, we're in a position to take the cream ourselves and mine the lot!'

1307 - yet to see a comment that's ever added any value to this BB, whatever he / she says do the opposite