And again...20 Oct 2020 17:41
Might as well post again to put a few in their place....
- MT has since had the flanks approved that give a round a 7 fold increase in resource
- WK is now owner operated so instead of benefiting from 30% of revenue, going forward Eurasia receive 100%
- DLA Piper have been employed to negotiate the legalities within the last 4-6 weeks.
- UBS have been been employed on a success fee basis to negotiate a sale of assets or full company sale, if nothing sells they don’t get paid. They’ve been on board for knocking on for 4 months now and the average deal they negotiate is in the billions.
- Some of the BoD have been appointed since CITIC & VTB approached Eurasia to see if they’d be interested in selling assets or the whole company, they too work on success fee terms, both the banks and some memberS of the BoD. So again no sale no compensation for these stake holders.
- Each member of the BoD are at the top of their game and have every aspect of the finance & PGM industries covered and have extensive connections. The BoD are bulletproof.
- PGM’s prices have increased greatly over the last 12 months since this process started and there’s no sign of them dropping back, there’s a deficit and Eurasia are the last unconsolidated venture.
- Within Eurasia’s assets there’s Rhodium, Palladium, Platinum, Irodium, Gold, Nickel, Copper + more.
- If the Kremlin were to try and manipulate what Eurasia have the flanks and addition licenses wouldn’t have been approved.
- The multiple interested parties that have approached Eurasia don’t have financial problems, most are cash rich and in the position to leverage finance if required. After all UBS are involved, VTB & CITIC have been trying to get their foot in the door for 12 months so I don’t see finance as any issue for the buyer(s), mining is booming and PGM’s and gold are safe commodities in times of trouble.
- Covid has hasn’t caused any major disruption to Eurasia over the last 12 months, business as usual.
I’m sure if your read back over RNS’s over the last 12 months all the points above can be justified. I’m no rocket scientist but the writing is on the wall, the sale is in the late stages but the BoD are limited on what they can release due to NDA’s.
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