Eurasia2 Jun 2021 07:30
Posted this a while back but all still stands:
And all the while, UBS, CITIC, DLA Piper continue behind the scenes after at least 11 months plugging away. Company have approx $25 million to hand with zero debt if you consider the $6million mentioned in the Rosgeo RNS plus the $20 million from the non-discount recent placing. To reiterate a previous post...
Here's a few points about Eurasia:
- Is the company in the best financial position it has ever been in (mentioned in RNS)? - YES
- Does the company have access to approx 94moz of PGM's (mentioned in RNS)? - YES
- Are the BoD major shareholders? (And have taken shares in lieu of salaries) - YES
- Do the BoD have a proven track record in the mining, finance and legal sectors? - YES
- Are the best bank and legal firms money can buy advising Eurasia on the FSP? - YES
- Are PGM prices at an all time high? - YES
- Is the FSP taking longer than everyone (including the BoD) expected? - YES
- Have the BoD ever let shareholders down since the sales process was initiated in Oct 2019? - NO
- Is Eurasia the last non-consolidated Palladium play? - YES - plus platinum, rhodium, iridium, copper, gold, cobalt
- Do Eurasia have the lowest extraction costs due to being open pit resource? - YES
- Have Eurasia received multiple non-binding offer? - YES
- Has the share price settled 65 times higher than when the sales process was started in October 2019 - YES
Wonder where they are up to with the multiple non-binding offers, may well have a couple of binding offers by now.