GFD - cannot see that scenario at all. Any transfer would need to be to another company under the control of EUA but with the same structure as the existing holding company as there are minority shareholders involved for both subsidiaries.
Also a transaction on those lines would either create a tax liabilities and/or an inter company debt so the company could not just then be liquidated.
IMO there is absolutely no possibility that the holding company has disposed of its two subsidiaries as some are suggesting. This would absolutely have to have been approved by shareholders.
I think some are on a wild goose chase here with that line of thinking.
The same LTH on Telegram also posted that he could sell TWENTY MILLION shares in one go at a PREMIUM this morning.
MM’s are super hungry for our shares, lots of smoke and mirrors- hold tight!
GLA
kk - yes they need to notify shareholders and give them 21 days notice. It’s a Companies Act requirement for ALL limited companies including private companies. Therefore the most efficient way of notifying shareholders is via an RNS.
GFD and all - I’ve just messaged a mate who is FD for a FTSE 250. He doesn’t know the answer but has flicked my query over to their company sec who will definitely know.
At the moment Comoany Secretary’s out of office is on until Monday, but mate thinks he may pick up his email before then and let me know. Of course as soon as I get a response I will post it here.
GLA
Gecko - the accounts are not due until 30th June and the BoD and their auditors will be working to this date. Everything will have been programmed in to a strict timetable and putting certain dates in key personnel diaries. They are most likely still working on the final disclosures, going through internal checks etc. before sign off and release.
They are not going to try and shunt everything forward just because the SP has dropped a few pence.
The positive thing is that the closer the date to the 30th June, the more post balance sheet disclosures will potentially need to be included in the notes to the accounts. By law, they have to include any significant post balance sheet information right up until the accounts are signed.
This BB is being over run by some complete twunt who is here to cause maximum disruption.
I have reported to admin and ask for identity check as using multiple identities is not permitted. Suggest others do the same and hopefully the obnoxious irritant will be swiftly extinguished.
The MM’s are in complete control of this share at the moment.
I suspect they have opened a naked short on the last spike up to 29p when there was significant volume, by printing shares to sell at higher prices. They appear to have then systematically walked the SP back down to 23p over the last few sessions to gather those shares needed to balance their books at lower prices.
As soon as they’ve closed their short and probably gone long, the SP will be moved back up to sell those shares at a higher price. Rinse & repeat, it’s been going on for a while.
The 2.9m transaction could be neither a buy or sell and merely an inter MM transfer to help close a short. If so I would expect to see a corresponding entry(s) printed, albeit could be delayed for several days. The added effect is panic with PI’s seeing a big “sale” and offloading, driving the SP even lower, allowing MM’s to pick up more shares to sell back to the Market at higher prices.
In the meantime the bigger institutional investors are adding and holding.
My hunch is there will be an RNS by close of the week confirming details of sale of assets and commentary regarding proposed plans moving forward.
This is just my opinion and not stated as facts, but the current activity seems very contrived.
AGM and annual report due by 30th June.
21 days notice to shareholders required for notice of AGM, plus 2 days deemed time taken for shareholders to receive notice. Also both the date of notice and date of AGM is not included in the 21 days.
Therefore to meet legal requirements, the notice of AGM should be made by Friday 4th June.
Therefore we could have an after hours RNS on Friday this week confirming details of AGM.
The Directors are delighted to close yet another important transaction following the successful completion of the Rosgeo JV announced on 26 March 2021 that BOTH put Eurasia in an even stronger position. The Board is pleased that the institutional investors are recognising the fundamentals of the Company. We look forward to providing further updates".
So the Rosgeo JV and the new financing have both strengthened EUA’s position.
We are very close.
GLA
Short and sweet....
26 May 2021
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that the financing previously announced on 20 May 2021 was successfully completed yesterday at the purchase price of 26.5p and on the other terms as per the previous RNS.
H.C. Wainwright & Co. acted as the exclusive placement agent in the United States for this financing.
Comments
Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted to close yet another important transaction following the successful completion of the Rosgeo JV announced on 26 March 2021 that both put Eurasia in an even stronger position. The Board is pleased that the institutional investors are recognising the fundamentals of the Company. We look forward to providing further updates".
ENQUIRIES:
Eurasia Mining Plc
Christian Schaffalitzky/ Keith Byrne
+44 (0)207 932 0418
SP Angel Corporate Finance LLP (Nomad and Joint Broker)
Ewan Leggat / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Optiva Securities (Joint Broker)
Christian Dennis
Tel: +44 (0) 20 3137 1902
Short and sweet...
26 May 2021
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that the financing previously announced on 20 May 2021 was successfully completed yesterday at the purchase price of 26.5p and on the other terms as per the previous RNS.
H.C. Wainwright & Co. acted as the exclusive placement agent in the United States for this financing.
Comments
Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted to close yet another important transaction following the successful completion of the Rosgeo JV announced on 26 March 2021 that both put Eurasia in an even stronger position. The Board is pleased that the institutional investors are recognising the fundamentals of the Company. We look forward to providing further updates".
ENQUIRIES:
Eurasia Mining Plc
Christian Schaffalitzky/ Keith Byrne
+44 (0)207 932 0418
SP Angel Corporate Finance LLP (Nomad and Joint Broker)
Ewan Leggat / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Optiva Securities (Joint Broker)
Christian Dennis
Tel: +44 (0) 20 3137 1902