Member Info for KentRed

I think the "Pric P" is a purchase but The Mad Stork just a computer glitch missed off the K at the end?

Steve4077 I was thinking exactly the same. This is so badly handled that this is either complete and utter incompetency or it was engineered to drop the share price for whatever reason. Harry has his faults but he is not stupid. Most people would deem this a small operational issue and just deal with it, especially with financial close so close. He chose to RNS it for a reason.

Agree. Just topped up. Risk v reward at this price is worth it.

Interesting comment by Harry on todays Proactive Investor Q&A. 4.38 mins in Harry says when discussing Tulu Kapi "we have financed it and its about to launch from development into production". Harry's words not mine. Either financing is done or he is lying in the interview. Time will tell.

The recent report stated 3-4 years divi at around todays price. So if this gets across the line that's an annual dividend of whatever cash you have invested at this point in time. On top of that you will see share price rise significantly and whatever happens in Saudi on top of that.

I'm pretty heavily invested here because if this gets funding this is going top be a great stock for the next 5 years or so.

Neither is mine 456,043 @ 1.82

Had a cheeky top up too. You don't recruit unless its happening.

The company looking to secure "substantially all the assets" were not even interested until the Rosgeo JV. It was after that that they expressed an interest (all in RNS) and it is that deal EUA are progressing with.

So whatever deal materialises will include something to do with the Rosgeo JV. That's a given that people seem to miss when discussing what's going to happen.

They wouldn't appear after the Rosgeo JV was announced and put in an offer large enough to stop the FSP, if the Rosgeo JV wasn't part of the deal in some way shape or form. Remember they were not in the running before the announcement.

That's my logic anyway for what its worth.

Once announced yesterday the remuneration package would have been pretty binding. I would imagine that to change it the needed Harrys agreement. Assuming he has accepted the changes he must be pretty confident that he will hit those targets so my guess is funding is done. Derisks and takes an element of doubt away for me. Very happy with RNS.

From the recent RNS it suggests the potential acquirer was late on the scene, after the JV. It was the JV that made them appear. IMHO the JV will be included in the sale. Otherwise the current bidder would have been in the running prior to the JV being announced.

All speculation! Will be interesting to see how it unfolds.

Sometimes a purchaser just wants the asset and not the company. A lot of historical baggage and legal requirements come with purchasing a company and for a purchaser it is sometimes desirable and preferred to not take on that historical baggage and just purchase the assets to move forward. As Eurasia isn't a household name there is no need to keep the brand, so i can see why a buyer would want to just purchase the assets.

IMHO this is done. All assets sold to the Japanese and i am confident of £1+ hence a decent top up yet again this morning utilising the full ISA allowance for by my wife and myself. Time will tell.......

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.

Anyone know if the presentation was recorded? I couldn't jump on this morning and would like to watch it.

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.

Should have read " Despite a lot of reading...."

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.

HL you have to send them a secure message voting for or against and they will process teh vote for you. Easy to do on the app.

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

Dealer55 no worries and thanks for the apology.