Member Info for EthioEthio

Longtrader33

"I have contacted the takeover panel and they have confirmed that the company cannot hold a placing"

Fantastic work.

These ID10Ts think they know it all. They know f all.

If you think DS holding 772,897,496 shares is going to come back and say no deal and crash the share price you really don't know your azzzz from your elbow. A detailed update from MT, the new additional assets and activation of the Sino deal would multiply the share price. The market will know enough to re-rate us. All that info is not made public due to the NDA.

I would love these shorts to keep their shorts open. :)

Fact,

DS has : 772,897,496 shares.

at today's share price that is £192,541,476

when we sell for £1.50 DS will have

£1,159,346,244

Yes, he will be a billionaire.

Your short fools are going to the cleaners hahahaha

HappyScot, Hairy, we know you always attack those who argue with FACTS!
You cannot handle the TRUTH!

The Mad Stork

between Oct 2019 and July 2020 - no director bought

between Oct 2019 and July 2020 we were suspended for 5 months. No one could buy. I am sure you know all this short azzz

between Oct 2019 and Feb 2020 - EUA had no agreement signed with CITIC & VTB Capital. Signing a no success no fee agreement was their priority along with stopping a hostile take over. Our directors took shares and not money, did you know that ? What is they didn't have the money?

Here you are asking peeps why the directors did not buy during that period.

Hair_Harris_ It would be an insult to my brain to engage in a convo with you #pieceofs#'t

TMS

" the company was up for sale ie Oct 2019 - July 2020, during which time Pd prices rocketed further and yet nobody bid and not a single share was bought by the board. "

hahahaha

between Feb 2019 - July 2020 we were suspended, reason?
imho EUA were trying to stop a hostile take over. I was here when just before suspension a lot of huge buys were coming every minute.

Between Oct - Feb
The directors had so much work on, buying shares on the open market when they already had a truck load was not a priority. Trying to stop a hostile take over was the priority. If anyone thinks 5 months suspension was due to a tweet, they would be mistaken. When we returned from suspension, the FSP was launched which put paid to a hostile takeover. These BoD are steps ahead.

TMS

You can fool those that know little about EUA. Some of us have done more than enough DD here.

In the proactive interview you can hear DS saying Rhodium hit 5,000.

DS has ----- 465,647,496 shares here

plus

307,250,000 - via Deloan Investments Limited ("Deloan"), a Company owned and controlled by Dmitry Suschov (Director of the Company)

so don't come here and tell us DS does not have enough shares here. He will be a billionaire when this is done.

TMS

If the EGM was to raise money like you suggested, EUA would have raised after the approval.
You keep trying to mislead peeps and you've been wrong a few times. Time has proved the placing you said was coming after the EGM is bullcr@p. It was all about strengthening their negotiating position and your short azzz knows it.

You ask why DS and CS did not buy every share on the market when MC was 10m hahahaha. How long have you been in this game or are you that stupid?

Did we have the flanks license @10m MC?
Did we have the tipil license at 10m MC?
Did we have DFS completed at WK when we were at 10m MC?
Can you say DS and CS have the same knowledge on our assets as they did when we were 10m MC? (how much drilling has been done since to prove up)
Did we have absolute precision's input when we were at 10m MC?
Was Rhodium £30,000 when we were at 10m MC?
Was the price of all the assets in our basket the same today as it was when we were at 10m MC?
Was the need for clean energy/green revolution as strong when we were at 10m as it is today?
Most importantly, was there as much demand for PGMs when we were at 10m MC as it is today?
Was supply from South Africa in the same state as today?
Are NN 20 % supplier of Palladium to the world in the same state today as they were when we were 10m MC?

Your assumption that DS and CS knew what they knew a few years ago shows you out to be an ID10T.
Go and ask any company director if he knows more today about his company than 3 years ago. Esp in mining.

1 more thing, you asked why someone did not make a bid for EUA when they were 10m hahahaha.
What is they did and EUA rejected it. Do you think they have to announce that? If i went and put a silly offer for a company do you think that company would inform its share holders with an RNS? You absolute '##'

Its going to be an expensive lesson to you, just like JUB Captital who are bankrupt shorting EUA and TW, who lost £400,000 after believing his own fabricated bull cr@p.

TheMadStork
1, when that video was recorded we had CITIC, VTB. Are you saying they're not reputable investment banks?
2, why would DS clearly state they're working on NO RETAINER basis if like you say its unheard of for a reputable IB to work on a "no sale no fee" ?
3, on our year end results point me to the section where we've paid retainer fees because we've had citic and vtb for a while now.

The proof you are putting forward is 'its unheard of' when it actually is a standard M&A practice.

Note, every deal EUA have made has been superb. Including the recent 9 additional assets. We are no distressed seller. The buyers asked we put up a sale sign and the involvement of these banks and DLA means a deal is inevitable. There's a saying in this game, if you work with blue chip, you are blue chip. You are FLAT wrong and you will soon find out to massive cost.

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What Does Success Fee Mean?

A success fee is a compensation structure paid to an investment bank for successfully closing a transaction. The success fee is usually calculated as a percentage of the company's enterprise value, and is contingent on the completion of the deal. While the success fee may appear to be high, the fact that it is contingent on closing the deal aligns the investment banker with the seller's interest.

The investment bankers take on some risk given that they don't get paid if the deal doesn't close. The fee itself should be a fraction of the increased purchase price that a top-notch investment banker should be able to get from prospective buyers

https://www.divestopedia.com/definition/885/success-fee#:~:text=A%20success%20fee%20is%20a%20compensation%20structure%20paid

"people do not like being told they are wrong and I completely understand."

You were found to be wrong.
You said the banks get paid retainer fee - with no proof.
We proved to you via DS interview, they don't get paid retainer fees.
You are misleading peeps and this is second nature to shorts like you.

TigerByTheTail

Are you saying i should base my judgment on your assumption and not what DS says? Until i see proof, i will go by what DS told us, 'the banks are working on no retainer'. Also look at how much money we got from placing, how much of it was used for drilling the additional assets and how much money we have in the bank now. It won't give you a clear answer but if we were paying this banks, would we have money in the bank?

My 'post removed' thread has also been removed :)
absolutely ridicules.

Admins, why remove a whole thread when you can remove a post?
No retainer fee = A very strong case for EUA. This is why the shorts hate that thread/post and keep having it removed.

UBS were the BEST m&a performers in the world last year i think and they continue to be. They would not work for EUA on no sale no fee unless they know there is a high chance of a MEGA deal.

The Mad Stork does not like that post because he knows with UBS working on no retainer , there is a very high probability of a successful FSP. What is mad stork betting on? the FSP failing. Then ask yourself, would UBS work on no retainer, just on success fee basis if they thought there's a chance the FSP could fail? Hell no. Is Mad strok's risk assessment better than UBS's? You be the judge! That's why my posts keep getting pulled
GLA

Morningsun - Thank you

What Does Success Fee Mean?

A success fee is a compensation structure paid to an investment bank for successfully closing a transaction. The success fee is usually calculated as a percentage of the company's enterprise value, and is contingent on the completion of the deal. While the success fee may appear to be high, the fact that it is contingent on closing the deal aligns the investment banker with the seller's interest.

The investment bankers take on some risk given that they don't get paid if the deal doesn't close. The fee itself should be a fraction of the increased purchase price that a top-notch investment banker should be able to get from prospective buyers

https://www.divestopedia.com/definition/885/success-fee#:~:text=A%20success%20fee%20is%20a%20compensation%20structure%20paid

The Mad Strork

Are you saying what DS said in that youtube interview is false? No reputable bank hahaha are you saying CITIC ? what a twaat.

RNS Number : 4583S
Eurasia Mining PLC
09 July 2020

"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019. "

DS confirmed to you that these banks are working on no retainer fees. This is how STRONG eurasia's case is here. These banks have top risk assessment teams. They know probability better that you do. EUA would have given these banks adequate info to assist their risk assessments. They know there is a ready made buyer and they know the deal here will be MEGA. You will burn like JUB.

that the special resolution as has passed. Note that this is to strengthen negotiation and not to actually issue rights. They clearly started this.

As per my earlier post, i did not expect anything but an RNS to say the resolution has passed today. Those that thought EUA would announce a binding offer today are simply ......

NEXT - go back to the negotiation table and issue a PUSP. The fact EUA want to strengthen their negotiation position means there are buyers. EUA want top dollar for their asset/s and this resolution is all about getting more out of the FSP for sharehoders.

EUA want to sale, the buyers are desperate for our WORLD CLASS assets. The big banks are in this @ no sale no fee. PGM supply is having lots of issues. PGM demand is sky high. EUA BoD are proven in M&A. There is only 1 outcome. A MEGA take over bid.

Do not listen to the deramp crew. They've been here for ages and have lost tons of money shorting EUA. Google JUB capital, Google TW EUA and you will see how they've been wrong from day 1. Some are CFD gamblers looking for 3 - 5% swing. Keep yours shares and you will be rewarded big. A little more patience. GLA

We should get the result of the vote in next hour or so.
EUA will take that to negotiation and it won't be long before we see a binding agreement imo GLA

I knew we had a seller on Friday but didn't think it was Anders.
At least , he's still above 1%.
I think it would have made some peeps panic had he gone below 1%. Meaning, he would not have to report any further sells. As he's currently above 1% he will have to report any further sells.
GLA

Anders_UK

One of the LTHs.
Well done Anders! Very happy for you and your family.
EUA changing lives. Love it!

mjs94
'complex transactional structures' was mentioned before we obtained 104.6Moz additional assets and EUA were basically telling us there's more transactions they needed to complete before the sale. That's been completed now. While most of us thought it was about MT and WK, EUA were making deals for the whole Kola district.

No one knows and its all a guess.
If this was only about WK and MT, it would have been done months ago.
The Kola district is the next big PGM source in the world, most of it open pit and EUA have first mover advantage and its some 60% cheaper to mine in Russia than in South Africa. That's why we're in demand and imho, our assets at Kola will be bought out. I can't see a jv as the the big banks are in this on no sale no fee basis. They're not in this for a jv, they don't hold our stock. They're in for a sale.
WK has a lot going for it and the buyer may also take it. All about the green minerals and lack of supply. That's why PGM prices keep raising. A whole company sale is on the cards imo but i could be wrong. The only thing i know if EUA is very cheap at current sp.
I remember a tweet from EUA which read 'palladium play not consolidated yet'. I think it will be in next few days/weeks. GLA

Eurasia Mining - TWITTER
@eurasiamining
·
4h
Dear members, thanks to all who voted. Deadline is Monday morning, but your Nominee’s deadline is sooner. So please vote today, every vote is important. Thanks to
@AICPRESS for this useful table:

https://www.theaic.co.uk/availability-on-platforms/shareholder-voting-consumer-platforms

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VOTE VOTE VOTE - Every vote counts and EUA need them.

Those with large number of shares - you must vote. Do not ignore.

In other news....

Even the derampers are buying me think. Close to conclusion.

Roger, how can you say someone knows something? This is a tight ship. Nothing has leaked so far and as someone who holds 2m shares, you should be bit more positive. I have no doubt you will regret selling those 450k shares at the price you did. All you have to do is look at the DEMAND for PGMs and what we have.

We had a seller today 500k x 4 or possibly 5 and MMs dropped us to take those cheap. EGM is 6 working days away and MMs will put pressure on weak hands as we get close. GLA