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LB - In regards to your comment “….the £27m has gone somewhere in about 18 months”
The cash flow statement for the year ended 31 Dec 22 states the following (all figures in millions)
Gross proceeds from equity issue £ 25
Share issue costs £ (1.6)
Issue in JV £ (0.4)
End of year cash balance £ 22
Cash flow statement for the 6 months to 30 Jun 23 states the following:
Plant & equipment purchase £ (6.2)
Increase in inventories £ (3.0)
Cash balance 30 Jun 22 £ 13.6
The above explains where the proceeds from the equity issue has gone.
I would assume that the BOD anticipate that any deal/deals will be concluded before end of April.
If as some thought the options can't currently be exercised due to inside knowledge, then by end of April price sensitive information will be in the public domain, allowing the options to be exercised.
Extension period of 6 months, NOT 1 or 2 years.
There was a short thread on this before.
Logically it makes absolutely no sense that Directors can exercise options whilst being privy to potentially price sensitive information.
It would go against all the rules of insider trading.
Purchasing equity or options, surely the insider rules apply to both.
Erdogan appears to believe there is the possibility that “………a great result, will appear very soon” in respect of peace talks.
This is hard to believe right now, but history tells us that in such situations an awful lot of talks go on behind closed doors, which the public aren’t aware of.
https://www.ukrinform.net/amp/rubric-polytics/3587719-erdogan-hopes-for-ukraine-russia-to-negotiate-peace.html
I would suggest that if Putin were ever to use a nuclear missile, then he better use everything he has.
I would imagine the use of a single nuclear middle would result in a response from the West that would wipe Russia out.
Includes a statement that potential sale of Russian assets proving problematic due to holding company being Jersey registered, and Jersey being viewed as a ‘unfriendly’ country.
Poly potentially looking at re-registering in a ‘friendly’ country.
Aren’t Eurasia subsidiaries registered in Cyprus, which I would assume would be a ‘friendly’ country.
LB - I would imagine he is fully aware that now is not the time to be putting EUA out there.
I’m certainly frustrated at the total radio silence of the company, but in the current climate it is partly understandable.
That said other companies operating in Russia have been updating their shareholders.
I’m at a lost to know when news will arrive and what that news will be.
This could turn very quickly, and the fact there has been no negative news should be viewed with a degree of comfort.
Nothing holders can do but trust in the BOD and advisors and most of all remain patient.
Link to new decree http://en.kremlin.ru/acts/news/69117
It appears to me that the only possible clause Eurasia could fall under is clause (f).
Clauses (a) to (e) definitely don’t apply.
In regards to assets being owned by Russian subs, surely the Russian state will recognise who the ultimate beneficial owners are. That said isn’t ownership ultimately in Cyprus?
Cyprus certainly wouldn’t be classified as an unfriendly state.
Also another crucial point is that the main holder of equity is a Russian.
This law is aimed mainly at strategic assets/projects in Russia and the stakeholders in such projects.
For instance it does mention Shaklin, which in turn specifically relates to Shell.
In my opinion I don’t believe Eurasia will be caught up in the new laws.
Also as has previously been mentioned, the assets sale is BRICS related, and I’m sure Russia will encourage as much new investment from BRICS entities as possible.
Pips - I have to say it never ceases to amaze me that when Russia threaten or impose sanctions on the West, the West are up in arms screaming blackmail etc etc
Seriously, what do the West expect Russia to do, of course they will hit back.
Unfortunately at the moment there is more effort being put into sanctions and supplying arms and very little it appears in trying to resolve the situation by talks.
I appreciate both sides are trying to manoeuvre into a stronger position in order to come into such talks in a stronger position.
General opinion appears to be that winter could be a point in which both sides will be more inclined to sit down.