Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Are being tied up quite rapidly at present, and now any buyer has a very low tax system in place on top of extremely low production costs.
The tax difference makes a huge difference on any discounted cash flow valuation.
Eurasia entering 2024 how it wants to go on!
GLA
Jingle bells, jingle bells, jingle all the way, oh what fun it is to be an Elf on a Hydrogen sleigh -
https://fuelcellsworks.com/news/eurasia-mining-outlines-hydrogen-and-ammonia-strategy-signs-jv-with-h4energy/
https://www.petrofac.com/media/news/petrofac-to-evaluate-green-hydrogen-development-on-sakhalin-island/
GLA
Mince pie in one hand and Christmas cake in the other.
Time, it's an interesting concept and all good things come to those who wait.
Does anyone like Green Hydrogen? :
Ms Anna Price and Mr Artem Matyushok joined Essar Capital in June 2022 -
https://www.essaroil.co.uk/who-we-are/
https://www.linkedin.com/in/anna-price-41bb977/?originalSubdomain=uk
https://ukhea.co.uk/members/h2transition-capital-llp/
Ooooooo, i'm feeling all festive i am!
GLA
The tax reduction makes a significant improvement on a discounted cashflow valuation, perhaps it has been something else slowing down the sale process, because, for that profit margin increase you would definitely wait to see if you can get the reduction imho.
GLA
All assets have simply been kept in a 'sale ready' state for quite a long time now and the timeline has been extended, we are all told that in relevant recent RNS:
"It is important to emphasise that, despite the now extended timeline, active discussions are maintained with counterparties based in Hong Kong and Russia"
Chairman Christian Schaffalitzky commented: "We appreciate our shareholders' support as we continue to pursue the possible sale of our Russian assets. Our main project at West Kytlim has seen no production of concentrate through 2023. We have maintained the assets in a sale ready state. Currently, the Company is not developing further mining assets. The Board and senior executives remain hopeful of a successful conclusion to the sale of assets process and we look forward to updating our shareholders in this regard as appropriate."
I guess one may presume that they could be waiting for the Ukraine conflict to end, but, that is simply a logical guess as to why the timeline has been extended.
In any case, any timeline extension is of no fault of any company employee, any shareholder, or, of any third party which has been brought in to assist with the planned asset sales.
GLA
M&A timeframe, no, M&A stages, as per any highly reputable third party source -
https://dealroom.net/blog/stages-of-mergers-and-acquisitions-steps-to-successful-a-m-a-deal
Do tell us all knowledgeable Green stain, which stage are we still at and have been for quite some time now?
GLA
My post count was a simple system of keeping factual geological information in circulation during times of great shorter disturbance here on this lovely shareholder chat board.
Indeed, there was an agenda, to keep shareholders peoperly informed instead of seeing them forced to see shorter dung all day.
Lots of love, Mac, big kiss X
GLA
Https://theswisstimes.ch/zelensky-is-coming-to-switzerland-to-negotiate-an-end-to-the-ukraine-war/
GLA
"Who the F calls themself Scottydogg? LMAO" - A poodle, puppy etc. Someone who thinks that they're a big dog, but, in reality is the complete opposite.
I hope that helps 😂
Put it in the kennel outside.
GLA
"What will the derampers attack us with then?" - Aliens will have removed all of the metals from deep underground through the night, that's pretty much the only angle they'll have left, they've tried and failed with everything else so far.
GLA
To take MT to production for the buyer, if they wish to utilise it. In effect, it's a ready to go asset sale. The buyer parts with his hard earned money and then simply heads to production, all exploration and DFS loose ends have been tied up, which allows the buyer a nice and easy road forward.
Add NYUD entitlement and the T license in to the equation, and, well, the buyer has just got themselves a great foothold on an entire PGM and battery metals complex.
GLA
...so, the funds will never go imho.
I'm hoping that Zelensky is hard at the negotiating table right now for a peace agreement, he doesn't really have any other credible route forward at this stage.
https://www.theguardian.com/us-news/2023/dec/07/biden-ukraine-funding-bill-mexico-border
The sooner peace arrives, the better it is for all sides imo.
GLA
You'll also understand how the sale price went up when the T license landed some time back -
"While the Company is not intending to carry out any work on this licence in 2024, it will be added to the assets available for possible sale."
If the original buyer for MT is taking the transferrable NYUD entitlement and the new licensed T area, then the sale price has potentially went up twice for that area in particular just from those two things alone.
It's logical that the original buyer for MT, which NDA'S have been in place for since day one, will scoop up all available assets in the Monchegorsk area which are either under Eurasia right now, or, that Eurasia are legally entitled to like the NYUD area.
They would get a very good starting foothold in the area by making that purchase, then obviously rolling in to the further Rosgeo JV areas at a later time via a similar agreement to the one Eurasia had with Rosgeo.
GLA
Well, actually, they have numerous times. Russian assets, and, they even tell you that the new T of NKT is also being lined up for sale -
"Corporate Strategy and Possible sale of Russian assets
The Company has prioritised the sale of its Russian assets and, as advised in the Company's 19 September Interim Results statement, this workstream remains the main focus of Eurasia's senior executive team. It is important to emphasise that, despite the now extended timeline, active discussions are maintained with counterparties based in Hong Kong and Russia, but as yet no terms have been agreed and, as ever, there can be no guarantee that Eurasia will enter into binding agreements."
"West Kytlim
The mine and all of its machinery and infrastructure are being maintained in a sale ready state, with no production expected on site in 2024, as has been the case for all of 2023."
Transferrable , it's not transferrable to ones self is it lol -
Expenditure on the Nyud Project was written off in the Company's annual results for the year ended 31 December 2022. "Despite a transferrable legal entitlement to the Nyud project remaining in place, no further work on this project is currently planned by the Company. "
"The Company recently received a license for the Travyanaya area, directly adjacent and to the north of the NKT, after a long application period. The license was issued in November and is valid for seven years. The license occurs on strike from already identified mineralisation in the NKT and was pegged to fully enclose the NKT structure to the northwest. While the Company is not intending to carry out any work on this licence in 2024, it will be added to the assets available for possible sale."
All above are for sale and everyone has been told so.
GLA