Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Really are out in force today. Well, i say force, not really as they don't have much power of persuasion tbh, largely because all of the facts always point to the complete opposite of what they try to peddle.
I've missed the good old Sundays of fishing for the green box kind, but, i'm glad to see that they still bite so easily.
Monday tomorrow, hopefully it's the end of what has turned out to be quite an arduous wait for all of real shareholders.
GLA genuine holders
Multiple parties, multiple options. Bless the ones who don't understand -
"The board remains focused on maximising shareholder value, and, after receiving approaches from multiple parties interested in acquiring the 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", Eurasia executive chairman Christian Schaffalitzky said in a statement."
Oh, and, again, to try and help the poor souls once more, success fee basis -
"The miner also reiterated its announcement from July 1 that it has appointed UBS to assist in a review of its strategic options including asset sales or a sale of the company"
"The company confirmed that it has entered a success fee based engagement letter with CITIC to explore possible strategic options for its mining assets."
https://www.proactiveinvestors.com/companies/news/923801/eurasia-mining-soars-as-it-returns-to-aim-following-clarification-of-relationship-with-citic-923801.html?region=ca
Always here to help you guys who struggle -
success
noun
1.
the accomplishment of an aim or purpose.
You're welcome, big kiss X
GLA
. . , who always appear to be very lost -
"Possible sale of Russian assets
The Company continues to consider options for the sale of all of Eurasia's interests in Russia. These include the West Kytlim operating mine, the Monchetundra Project mining license, the NKT brownfield project, and the entitlement to the Nyud brownfield project.
The Board acknowledges shareholder frustration regarding the duration of the sale process, however also notes recent precedent transactions which have successfully completed despite the geopolitical situation."
"Eurasia is committed to pursuing the possible sale of our Russian assets. This remains our priority and the Board shares the frustration of our shareholders at the duration of this process"
And for those still stuck with basic English -
committed
adjective
1.
pledged or bound to a certain course or policy; dedicated.
priority
noun
the fact or condition of being regarded or treated as more important than others.
Lots of love from Mac, big kiss X
GLA
Hahahahaha, i only popped on for a nose and spotted this -
"When you think about it, mac being ginger isn’t that odd.
Mac being a celt ish name would give one an image of red hair maybe?"
I am indeed a Celt, but, ginger i am not.
It's fun to stay amused while we all wait, Slàinte Mhaith
GLA
Fr.Jack.Hackett,
You have forgot who their neighbour is, do you really think anything will affect them taking the area to production, considering Norilsk are upgrading the entire site there ready?
Delightful are your replies, but, they always lack the most basic reasoning and logic.
GLA
It will always be viable as either a battery metals operation or a PGM operation due to the very low costs associated with Russia. In fact, when Monchegorsk comes online it will be one of the most profitable operations in the World due to the very low overheads!
It's the other areas of the World where costs are higher that you need to worry about, as these metals are needed for the clean energy revolution that is now in full swing.
GLA
"No reason we shouldn't have it but as ever with Eurasia, it's always last minute." - I have to agree with the last minute comment, it's been that way since Christian left the CEO position. I perhaps took it for granted that RNS was exceptionally timely before that switch took place.
It will all come in time however, they always get the job done.
GLA
You'll see the distinctively darker looking two small areas after following that link.
Always remember that this is 2023 not 1983, you can have a nose from the comfort of your couch whenever you please!
GLA genuine holders
Two areas at Monchegorsk look like they've been explored very recently -
https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=67.89458945535684&lng=32.73445129394531&zoom=14&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2022-12-01%7C2023-06-29&atmFilter=&showDates=false
GLA
Work is still very much being done.
The problem with the false narrative is that the facts at hand never fit -
https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=59.53551472659584&lng=58.94096374511719&zoom=14&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2022-12-01%7C2023-06-29&atmFilter=&showDates=false
GLA
They have no other option but to source from China, they are miles behind where it comes secure resource supplies, China has the monopoly and the EU is not catching up any time soon.
China is also the largest EV market, so, car companies will naturally have to head there for business i would expect.
Citic Merchant......engagement letter signed and are still here on a success fee basis......
GLA long term holders
I'll also pull the statement out from the article, which again tells everyone exactly what they chose to do a long time ago now -
"The board remains focused on maximising shareholder value, and, after receiving approaches from multiple parties interested in acquiring the 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", Eurasia executive chairman Christian Schaffalitzky said in a statement."
GLA
I'll help you a bit further since you may have forgot. The term options that they use comes from 'Strategic Options', until something is signed and concluded those strategic options always remain -
"The miner also reiterated its announcement from July 1 that it has appointed UBS to assist in a review of its strategic options including asset sales or a sale of the company"
"The company confirmed that it has entered a success fee based engagement letter with CITIC to explore possible strategic options for its mining assets."
https://www.proactiveinvestors.com/companies/news/923801/eurasia-mining-soars-as-it-returns-to-aim-following-clarification-of-relationship-with-citic-923801.html?region=ca
GLA
And remember, Citic Merchant who we have an engagement letter signed with -
The Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019. The interest from the Banks is originating from the recent palladium acquisitions namely Stillwater for c. US$2bn by Sibanye in 2017 and NAP for approximately CAD$1bn by Impala Platinum earlier this month. The title of the slides for investors prepared by VTB Capital is as follows: "The Last Non Consolidated Palladium Play".
They've been working on this for a long time on a success fee basis. The initial asset transaction spoke of in that segment was a JV agreement, so, from there we have advanced to the possible sale of the assets stated in the segment which i have provided here. They had the option to JV years ago, they chose the sale process option via the banks at the time to secure a superior transaction, it's all in RNS.
GLA
Fr.Jack.Hackett,
You've lost the point entirely. From day one of a potential buyer walking up to the sale process they have options to choose from -
"Your opinion is that they are 'selling multiple assets', my opinion is that they are considering the options for the sale of multiple assets."
It is not an opinion, it is a FACT. It is what the title of the segment states, again, since your option thus far has been to ignore it -
"Possible sale of Russian assets"
Does it state the maybe process or does it state the 'Sale Process'?
Here, i'll help, i'm kind like that -
"The Board acknowledges shareholder frustration regarding the duration of the sale process"
English comprehension appears to be to be the issue with most on here, they don't appear to be able to understand what is stated in regards to the sale process that the company has embarked on.
GLA
Possible assets being sold -
1) West Kytlim
2) Monchetundra Project mining license
3) NKT brownfield project
4) entitlement to the Nyud brownfield project
Options -
1) Sell all of them
2) Sell some and keep others
3) Keep them all
They always have options ladies and gentlemen!
GLA
No, you have simply chosen one part which suited your narrative, here it is in full, again, see the segment TITLE, thank you -
"Possible sale of Russian assets
The Company continues to consider options for the sale of all of Eurasia's interests in Russia. These include the West Kytlim operating mine, the Monchetundra Project mining license, the NKT brownfield project, and the entitlement to the Nyud brownfield project.
The Board acknowledges shareholder frustration regarding the duration of the sale process, however also notes recent precedent transactions which have successfully completed despite the geopolitical situation. Further updates regarding the sale process will be made as appropriate and, at present, there can be no guarantee that Eurasia will enter into binding agreements."
They are selling multiple assets, that also creates multiple options -
option
noun
a thing that is or may be chosen.
"choose the cheapest options for supplying energy"
GLA
GLA
Mr Fr.Jack.Hackett ,
"Possible sale of Russian assets"
I'll stick with the RNS segment title thank you, options are just the offers on the table, there will be various ones from a few entities with a battery metals district like Monchegorsk. It's a bit like selling a house, you keep 2nd and 3rd place bidders on the hook in case something magically goes wrong with the 1st place bidder, hence, options as there's more than one!
GLA
They require 14 days notice by law for an AGM as minimum, they've missed the stated June window and no announcement as to why has been given thus far -
"June Annual General Meeting"
https://www.eurasiamining.co.uk/investors/corporate-calendar
The only thing that we know is that they're working on the sales of assets, as per previous RNS!
GLA