Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for the reminder on this Six. Looking closely at the snippet:
"The Directors are confident that the ability to allot securities and demonstrate a capacity to develop the Kola PGM and battery metals district independently of other strategic options available to the Company benefits the Company and its Shareholders by improving Eurasia’s negotiating position."
I have interpreted this as the offers are on the table but not where the BOD think they should be. So they held the EGM, got the votes they needed and have now gone back and said look we can do this alone now up your offers.
Time will tell. Probably both sides playing hardball over price which is why its taking so long but personally i think it will be well worth waiting for.
Couple of key points I picked out. Looks like Kefi has 75% of TK. That's a firm figure in the report. Delay seems to be from Covid and new local investors who are yet to commit (again). Mentions H2 quite a few times so still up to end June a possibility before finance signoff. If Harry gets this over the line sometime this quarter expect the rerate to be quite spectacular.
Holding long and strong.
For me £1+. I would be happy with that price, any less and i will think they have sold too cheaply. Anything over a pound a bonus. Despite a lot of ready and going through a lot of the backs of cigarette packets i still cant calculate an upper limit. Really with this one its finger in the air and have a guess.
I have just voted. You have to ring HL to cast your vote and request a secure message be sent to you to confirm it was actioned. Not the easiest of processes and was on hold for ten minutes before they answered. But i believe this is worth the trouble as EUAA need our votes to get this pushed through and it is a good thing! Trust in the BOD.
https://polaris.xxx.com/public/eurasia_mining_plc/news/rns/story/r7jz0vr
Binding agreement signed with Rosgeo
Oh Dealer55 that made me laugh. So your logic is that because i don't post much i must not know what im talking about and i must be negative about the stock! I have been in for over two years and probably own more shares than you could dream of. If we get back down to 26p i'll be buying another 100k worth. I am far from negative and have a substantial holding here that i keep increasing. See this as a win/win we sell we make money, we mine we make money. No i don't post much but i read the board everyday and only pipe in with something useful to say. Read my older posts you wont see anything negative. So thanks for the unnecessary comment Dealer55 but you were wrong on this one.
The offer was done right at the beginning. No point both parties incurring excessive costs if they were miles apart on valuations. Once the offer was agreed the ball started rolling. Yes they tried twice to change it. On both occasions i told them to go take a short walk off Tilly's plank.
I have just sold my company and been through the Due Diligence process. It took 4 months and the company was nowhere near the size of EUA. I feel we may have some time to wait still, before there's any bids that will be made public. Based on going through the process and what's involved we might be at the halfway point. What i did learn was the bigger the lawyers the more thorough they are. Expect both parties lawyers to be going through everything in miniscule detail.
"Still candi or brandi or whatever other intellectual you associate with probably thinks you are "totes mazin"
Almost spat my drink out that made me laugh so much. Thanks for brightening my day!
Don't think Kefi will be on the list. They are not producing at the moment so won't have fallen foul of the of the listed rules that have apparently been broken. That and the fact that the guy that made the decision is heavily involved in Kefi makes me thing they won't be on the list.