RE: Frances Clarke30 Nov 2020 06:16
The last official update from the BoD was the interims and I quote the below:
‘As you are aware, our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side to work with the Company through the sale process. This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects. With the final approval of the Flanks license surrounding Monchetundra, the Company has been successful in establishing a dominant position and a first mover advantage in Kola PGM, which, coincident with developments in the PGM market, has spurred interest in the Company.
The board and executive team have now been restructured to fully focus on the sale process.
Shareholders should recognise that the process Eurasia is in now implies that the Company is very limited in what it can discuss in the public domain. Nevertheless, we look forward to updating our many long-term supporters and new members.’
So jr8409, the fact that your skeptic all is just your opinion and not based on information supplied by the Eurasia, as that clearly states they are fully focused on the sales process which is currently in full swing. Based on this information I’m fully confident a sale will take place.
As stated previously, it’s in nobody’s interest for this to drag out longer than it needs to as it doesn’t benefit any stakeholders but DOA Piper. However if DLA Piper dragged their feet in order to demand a bigger fee they wouldn’t be renowned as one of the best legal forms in the world.
So here’s to a good week all genuine holders!
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