Member Info for Crabby08

Correct me if I’m wrong but I also think the market finds it difficult to value Eurasia as there isn’t much to benchmark it off? Yes there’s been some smaller acquisitions in recent years when the price of palladium was lower but Eurasia has access to between 15-40moz of palladium.

Then there’s the cobalt, rhodium, platinum, nickel, gold, iridium etc. Plus you could say it’s somewhat of a moving target as we’re awaiting a resource upgrade and further license applications so there are a lot of variables. Either I believe there’s still a big disconnect between true value and the current SP

The way I see it and going off the Dmitry Proactive interview last October - Eurasia are willing to sell if the price is right, he actually states in the interview they’ve told the banks not to come forward with any low offers.

If they don’t sell then the activate the sinosteel contract. But this has been going on for over 12 months now and if buyers, Eurasia, CITIC, UBS couldn’t find common ground regarding the price then the FSP would never have initiated in July and DLA Piper brought on board. For this to happen I think the sale price has already been agreed and Eurasia aren’t a distressed seller, so I think whatever figure the BoD had in mind they will achieve as it’s not like what they have are 10 a penny. For the majors who need resource it’s pretty much this or nothing

I’d say the ACF report is the best benchmark we have that was issued prior to the MT flanks approval, so expect more than that.

Partypooper - someone mentioned UBS fees would be around 1% last week and Mrninja of a quick search said they could be as much as 6-8% so I wouldn’t say it’s insignificant as they’re a charging a percentage not a set fee. So the higher the percentage the less money we all come out with. Either way they’re on with it and we can’t change that, not that I’d want to, I’m happy they’re on board.

UBS are working on a success fee basis as you’ll know so one would assume it’s a % of the sale price as that gives them an incentive to push for the highest sale price. What that % is I don’t know but the BoD have decided they’re best placed to negotiate on their behalf so it is what it is, they know what they’re doing.

Partypooper - I don’t to be honest I’ve not been invested in a company in this scenario before. But the BoD haven’t scrimped on employing the best by bringing UBS & DLA Piper on board, you get what you pay for I guess.

Bare in mind that out of the final sale price there’s UBS, CITIC & DLA Piper fees to pay for periods between 4-12 months. Then there’s taxes, exchange rates and other costs we aren’t full aware of to be deducted. That being the case I’m optimistic the sale price will be in £‘s rather than pence so that BoD end up with what they want after all the above is deducted.

Just my thoughts

Uselessinvestor - the RNS never said there’s no reason for the SP rise. It said Nothing has changed since the previous interims RNS, which we’re very positive...

I’d recommend not feeding afterburn all. Turns up and is directed to the last 12 months RNS’s and the only thing that he raises is the ‘no sale can be guaranteed’ caveat and that UBS are shorting Eurasia? Very poor attempt.

On a brighter not today could be very interesting, best of luck all!

If they want it they have no option but to pay the price on the screen, it’s not as if there’s really any other options at the minute or on the horizon for that matter.

There’s no bargain to be had with Eurasia, it ticks all the boxes for a big PGM miner especially NN and Eurasia isn’t a distressed seller, they have zero debt. For that reason I’m confident it will go for pounds not pence

Forecast platinum and palladium prices due to jump higher for up to 12 months due to SA mines closing. States there’s few PGM prospects that can be bought globally, but Eurasia Is an option...

I’ve no issue with UBS. They’re negotiation on our behalf so although I’m not condoning wrong doing, if any took place (hypothetically) it would be in our favour

It’s alright googling UBS money laundering etc but it’s not like they’re the black sheep of the industry I’m sure if you google most banks have black marks against them if you search.

HSBC has been found to be laundering money for Mexican drug cartels in the past. Mexican drug cartels that slaughter families and leave them at the side of the road so it’s not just UBS that aren’t squeaky clean, let’s put some perspective around it

Djm1 - wasn’t inferring the company would try to acquire shares maybe just friends if they knew what was happening but we were just talking hypothetically

Bill - yes agree. Just think it might not be too easy for them to load up there’s a lot in right hands now

How much free float is there though bill? The II that wanted in had to get in via the non discount placing for approx 30 million shares. Even if they wanted to load up there may not be enough shares available

1eyedjapseye

Agreed!

Personally I feel yes the SP has dropped back a bit the last few weeks but it always does after hitting a new high, we’re still 4 x the sp when we were suspended and could access funds. Look a bit more long term than a day or a week!

We haven’t heard much from Eurasia for a month - so what? The last news was the interims and it was very positive and give a clear direction which way we’re going. It’s all happening but EUA aren’t obliged to wipe your a**e every time someone s***s themselves because the so sp has dipped. Chill and think positive

Jesus there’s no fun in you is there Happyscot! I don’t know why you read this BB if you doubt everything that’s mentioned. You sound like the sort that would win £10million on the lottery and complain it wasn’t £11million