Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
improve fuel cell performance....
https://www.mining.com/platinum-nanoclusters-improve-fuel-cell-performance/
GLA
Use 17th for clear view -
https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=59.52443795286088&lng=58.94336700439453&zoom=13&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=46.1475&gain=1.0&gamma=1.0&time=2022-10-01%7C2023-04-17&atmFilter=&showDates=false
GLA
Mitsubishi is simply an example, there are many companies in Japan, i've just pointed out what has been given in RNS and what Japanese companies are doing.
They're an island, they have no resources, they have to get them from elsewhere.
Our BOD have not changed lately......
GLA
Mr Kosaka is still very much listed on Eurasia's team, bare that in mind -
https://www.eurasiamining.co.uk/about/team-2
GLA
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "We are delighted that Mr. Kosaka has decided to join Eurasia as a non-executive director. We see significant interest from Japan in PGM and battery metals assets, as Japan moves towards net zero-emission goals and the hydrogen economy. With JOGMEC and Hanwa having already acquired PGM assets in South Africa, the Japanese players are interested to further expand their presence in lower cost and energy abundant mining jurisdictions. Mr. Kosaka's appointment is a part of the execution of our strategy as previously announced". . . . . . . . . . .
GLA
It's pretty handy that Eurasia have a Japan office -
https://www.mining.com/web/mitsubishi-corp-looks-to-invest-in-nickel-and-lithium-projects/
GLA
It's all in RNS, it always has been -
"· Phase One annual metal production has now been calculated to be equal to 128 Koz of palladium equivalent, over 70% higher than the volume projected in the FS. This production volume does not include Monchetundra Flanks and Rosgeo JV projects which will be separately announced"
GLA
If the DFS was rejected after purchase you would be up a certain creek with no paddle, no lawyer in the world would ever advise you to take that path, even more so when large sums of money are potentially changing hands. Lawyers at both sides protect their clients interest throughout the entire process from start to finish.
GLA
" nda id be privy to " - Yes, allowing you to make a non-binding offer, but, you can't make a binding offer until the DFS is confirmed. You have to confirm what you are paying for is there and that you are able to extract it. What if you, as the buyer, bought the asset and the DFS was rejected, come on, think about it.
GLA
We know from the latest RNS that it is a full asset exit, that means the sale of the percentage ownership of the Russian subsidiaries that hold the relevant licenses etc -
"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."
This contract will have been very difficult to write out legally in an ever evolving geopolitical environment, even for highly experienced lawyers -
"you write the final purchase and sale contracts, including the type of purchase agreement you are entering (i.e., a stock or asset sale"
They will have had no choice other than to wait to see exactly how certain sanctions went, even waiting on the Japanese Sakhalin decision may have been something they've had to consider along this awkward journey.
Straight forward is something that this has all been far from, the advisors, lawyers and M & A experts will have all had to have taken their time here and use all of their knowledge and experience on this one imho!
GLA
We've been at step 8 for a long time i feel, the DFS will be an active part of the contract imho -
"Create purchase and sale contracts. Once you’ve completed due diligence — assuming you haven’t uncovered any major issues — you write the final purchase and sale contracts, including the type of purchase agreement you are entering (i.e., a stock or asset sale). Once all relevant parties sign these contracts, the deal is considered closed."
https://www.smartsheet.com/content/merger-and-acquisition-process
Does anyone have any other suggestions?
It has been a very long wait, but, it's also been an evolving environment that they all had to steer through. There will have been changes and waiting due to the sanctions rhetoric also, something they will all have had to juggle as things went on.
GLA
Here, easiest description i've seen. Final FS on chart is the DFS stage, you will see that it also gets Eurasia maximum value if their plan was to always sell the asset before the construction phase begins -
https://twitter.com/Williammcphee27/status/1458838038013005827?s=20
GLA
Don't you think the case holds even more true due to the current geopolitical situation? DFS acceptance to a buyer is also a green light for them to develop the asset, that is of course if it is a buyer from BRIC's from outside of Russia, do you follow?
A Russian one would be perhaps less concerned, but, also want the DFS in place for straight forward development of the asset. Once DFS is there the buyer simply buys and takes it straight to production hassle free, all paperwork is done for them!
GLA
GLA
Non-binding becomes binding on DFS, when they know that they're getting what they're paying for. Put yourself in the buyers shoes, if you are to part with a large sum, do you want to know exactly what is there and if it is financially viable to extract? Of course you do!
AIMHO
GLA