RE: Endgame9 Jul 2021 16:38
it's not 36% LOL - Talking to Justin Waite....".oh, you wanna Eurasia Mining ? , what's happening there ...
John Meyer (NOMAD ). - Yes definitely worth mentioning. They are, they have now exited what's called the Formal Sales Process , so we are able to say a little bit more than a couple of weeks ago.
Erm ..they have issued some new shares in the US, $20m to a major institution and they also talk about the joint venture with ROSGEO - Russian government organisation that holds a lot of mineral licences (75% interest) which gives access to ppm resources in the Kola Peninsula.
They've already got a lot of PGMs in Russia and they have Mochetundra hard rock project which they already have a bit of a deal on. So there's lots going on there and they've got interest in the portfolio ...so what we expect to see here is someone coming in to do a deal either acquiring or joint venturing a lot of the assets in the portfolio .
I suspect that will result in cash payment and a "massive" dividend to the investors ....not sure if I should use the word massive.....but I would expect it would be pretty large otherwise I don't think they would do a deal. Cos , they're in a pretty good place with platinum and palladium prices at very very high levels .
Yeah I think there is value in there and they should be able to turn those projects into ... well certainly work with some people other people to create value on these projects "