When you go back to the FSP RNS, it may well suggest that they were applying for additional licenses for the 25Moz, because they inserted a disclaimer into the RNS -
"it should be noted that there is no guarantee that all these additional 25Moz of resources will prove to be economic or that Eurasia will be granted a licence over all of these 25Moz of PGM resources."
There would be no reason to insert that disclaimer if they were not looking to apply for that extra 25Moz imho.
RE: People are like Tesla, russia, no chance03 Aug 2020 18:23
If they pull it off, everything that uses a battery will benefit, not just EVs -
"This new generation of lightweight, powerful batteries has the potential to grow to scale on the back of the attractiveness of battery electric vehicles (BEVs) and the use of lithium batteries in other applications beyond mobility."
"Alexei brings his extensive experience in mining M&A to the Company, as well as his top level contacts with major international and Russian mining and trading companies operating in the platinum group metals, gold and base metals sectors including Lesego Platinum, Boliden Group, Gold Fields, Glencore International, Sumitomo Corporation, Norilsk Nickel, Polyus Gold, Polymetal International, Ural Mining and Metallurgical Company, Russian Platinum and many others."
RE: FSP ran by the leading M&A bank on that side of the globe03 Aug 2020 15:24
I can't wait to see what the maximum value is for us shareholders, exciting times at Eurasia Mining -
Christian Schaffalitzky, Executive Chairman of Eurasia, commented: "The Board remains focused on maximising shareholder value, and, after receiving approaches from multiple parties interested in acquiring Company's assets, has decided that launching a formal sale process under the Takeover Code is in the best interests of shareholders, which could result in a sale of assets or the Company. The Company will work with UBS and its other advisers to execute the process."
FSP ran by the leading M&A bank on that side of the globe03 Aug 2020 13:53
That's where we're at, and even better, they're here working on a success fee basis -
"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."
Also, don't forget the ex investment bankers on the BOD. This is an investment banking game, they're the professionals in the field, they all know exactly what they're doing -
DMITRY SUSCHOV Non-Executive Director Commodities trading veteran (primarily various grades of metallurgical and thermal coals) who has successfully built a major Pulverized Coal Injection (PCI) franchise throughout Asia, Europe and America with an annual turnover of up to $100 million, therby accumulating around 2.5% of the global PCI market share. He is also an investment banker with extensive experience in the Russian resources industry having previously worked with IG Capital, MDM Bank, PricewaterhouseCoopers and Ernst&Young as mining & metals leader in corporate finance for Russia and CIS.
ALEXEI CHURAKOV Strategic advisor to the board Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has a background in cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A as well as maintaining a hands on approach at operational level.
I wouldn't worry, usually after this type of activity large buys start appearing. Ever since the bank RNS the MMs have appeared to have to work to fill large buys that come in, i've since seen it countless amounts of times now.