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3.12% of the shares acquired on 24 December 2020 (the acquisition of which is disclosed in this TR-1, details of which are disclosed in the Rule 26 section of Bushveld Minerals Limted's website) and 2,056,730 shares were subsequently disposed of on 4 January 2021 resulting in a reduced holding of 2.95% as disclosed on a separate TR-1 dated 27/01/2021
https://www.**********.co.uk/rns/announcement/7da178dd-7d16-465f-b702-90610a5462a6
SPA note from Thursday -apologies if already posted...
Eurasia Mining* 25.26p, Mkt Cap £713m – Veles International buys 27.4m shares off Alexi Churakov Eurasia Mining report the sale of 27.4m shares by Alexi Churakov. The sale was reported by Alexi Churakov yesterday in accordance with Takeover Panel rules Eurasia Mining made enquiries of Mr Churakov and commented on the share sale today The shares were bought by Veles International, a subsidiary of investment company, Veles Capital based in Nicosia, Cyprus. Cyprus has been long used for offshore banking by Russian oligarchs due to the islands code on secrecy. We note Blackrock have also been slowly increasing their holding in Eurasia Mining from 33.3m shares on 15 December to 34.5m shares reported yesterday representing 1.25% of the company. Alexi Churakov has stated that he has no intention to sell his remaining shares in the market. Eurasia Mining is currently subject to certain UK Takeover Panel disclosures and regulations as it is running a formal sale process with UBS appointed UBS as a lead advisor to assist in a review of its strategic options and to run a formal sale process under the UK Takeover Code in order to maximise value to its shareholders. The company also has an agreement with Citic Merchant bank and has been working with VTB Capital. Eurasia operates a small palladium ‘PGM’ mine at West Kytlim in Russia and is looking to develop the much larger Monchetundra hard rock palladium ‘PGM’ mine near the town of Monchegorsk on the Kola Peninsula The company holds licenses over the Monchetundra deposit and the Monchetundra flanks including NKT where some 48,000m of drilling has been done. Eurasia received a production permit in November 2018 and have a EPCF ‘Engineering Procurement Construction and Finance’ agreement with Sinosteel for the turn key launch of production and providing for full financing of Monchetundra (as per the Company's announcement of 4 December 2019). Monchetundra contains two potential ore bodies at West Nittis and Loipishnune just 2km apart. The license lies to the north and east of West Nittis stands out within the Flanks with extensive drilling from 1996 and 2001. Further work in 2015-2017 in the NKT area and areas to the east of the Loipishnune deposit resulted in pre-feasibility studies lodged with the State Cadastre of Mines in Russia at a time when PGM prices were very much lower than they are today. The area is known to contain type examples of the majority of the layered intrusion and contact-hosted PGM deposit types. *SP Angel act as Nomad and Broker to Eurasia Mining
Continued ..... 2 of 2
On 3rd December Monty posted the following:
montyboz
Posted in: RMS
Posts: 1,107
Price: 2.10
No Opinion
Strange03 Dec 2020 10:54
The whole subject of RMS BRH is strange, like nothing I've come across before.
I have a feeling BRH will do well off the back of their 5 min test and fleecing RMS shareholders.
Never a dull day on Aim
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Finally on 11 December he posted the following:
montyboz
Posted in: RMS
Posts: 1,107
Price: 1.95
No Opinion
Trevor11 Dec 2020 12:33
Now we all see why Trevor sold out when he did.
If RMS are to produce a world class product and develop into a major company, it will take time, 12 months plus.
One for the sock draw :-)
This Maggot Montyboz is absolutely shameless. Earlier today he posted the following about RMS:
montyboz
Posted in: EUA
Posts: 1,107
Price: 24.00
No Opinion
RE: XTR - MontyBoz30 Jan 2021 13:07
Ethio I invested a small amount in RMS my way of supporting British innovation and the fight against the virus.
When Trevor and Paul started with their unethical practises I reduced my holding.
When I see red flags I generally reduce. I only see that as being sensible.
If you look into Monty’s posting history on RMS this is where is all becomes apparent that he is a shameless and clueless ramper who continually gets caught out on a drop in SP. Read below and make up your own minds...... you honestly couldn’t make it up!
On 15th November, Montyboz posted the following on RMS:
I will buy more15 Nov 2020 23:18
Why I hold 2 million shares and will buy more
I am supporting a British company that is attempting to make a positive difference in the world.
Their masks will save lives and protect those who are vulnerable or working in difficult conditions
Their work in green energy and agriculture is inspiring
I greatly admire innovation
I despise people that undermine the efforts of others, especially those who have never achieved anything in their own lives.
I believe the potential here is unbelievable, hopefully I will make a lot of money which will allow me to improve the lives of those around me and the less fortunate
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Then on 16th November while the share price was at 5p he was ramping it up to £1.....
montyboz
Posted in: RMS
Posts: 1,107
Price: 5.00
Strong Buy
£1+16 Nov 2020 07:26
As the journey begins, and it has just started, is the £1 a share mentioned by some over the weekend unreachable?
Personally I’m expecting news of this nature to continually land for the next few months
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Then on 29th November with the price down at 1.9p he posted the following:
montyboz
Posted in: RMS
Posts: 1,107
Price: 1.90
No Opinion
RE: mibo29 Nov 2020 17:16
I am not worried, not in the slightest, if you looked through my post history you will see I have been far from complimentary towards the directors
EGM thread - 1.2 million, yes
What that means is I hold 1.2m shares and yes I support an EGM.
If you want to be respected then post in a balanced manner, like most small outfits there are good parts and bad.
Time to move on
Stake building is difficult, but I am plugging away, need a few more sellers
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to be continued......
Thanks Gambit.
No flat out denial there but then again it would be price sensitive if he gave an opinion either way and illegal giving out such information to a random PI.
Let’s see what tomorrow brings. The company may feel the need to address these rumours, but I would expect silence is most likely.
Just thinking more about a suggested spin off of BE while idling the afternoon away.
Throwing some numbers around.
Could a deal be structured for example such that BMN / MN retained say 60%-65% stake (with some dilution for MN) and existing retail handed say 25%. The remaining 10% floated off to raise cash.
BE Contract(s) wins would be needed first. Then if they could get an offering away which values BE at say £100-200million (similar to current value of IES) this would raise £10-20m in cash and unlock some value for BE which is not currently reflected in the BMN share price.
This scenario would effectively dilute existing shareholder stake in BE by a small percentage, but increase the market cap of the combined companies.
Interested to hear others thoughts.
I wasn’t invested at the time of the AfriTin spin out, but a spin out of BE does not sound good to me at this time.
There is currently no value associated with the business, so shareholders could lose out by offloading the jewel in the crown at a massively discounted price.
Surely BMN should be building up the value of BE, so that any disposal of it’s shares further down the stretch will be significantly more beneficial to the company and shareholders.
Many investors have been waiting patiently for a number of years to get to this point and so to offload the asset with the highest potential value would be like pulling the rug from underneath us.
I appreciate that this is “speculative”, although the chap in the Podcast did sound like somebody “in the know”. Of course a lot would depend on the structure of any proposed deal and dilution to BMN shareholders, but on the face of it this doesn’t sit well with me.
Ian, that theory does not make sense to me. The RNS confirms that he personally sold shares in EUA.
There is no mention of VGH selling shares and as I understand it VGH owns shares in ZAO anyway, which is subsidiary company whose shares are not tradeable?
As long as you’ve filed your tax return by end of January there are no penalties as long as you pay any tax due by 15th Feb, so a two week extension.
If you miss that deadline there is a 5% charge and this is fixed for six months, so providing you pay any tax due by end of July the penalty is capped at 5%.
Not advice and not suggesting paying taxes late, but.....