Member Info for mac4671

They're at the very bottom of the bean tin researchandhold, over 300 green boxes scrambling for that last bean . . . . . that's how desperate they have just became lol

GLA

Due Diligence is DONE - The clock is ticking - executing a final contract for sale!

Hydrogen Island is also somewhere in the large Eurasia mix!

"M&A due diligence – Due diligence is an exhaustive process that begins when the offer has been accepted; due diligence aims to confirm or correct the acquirer’s assessment of the value of the target company by conducting a detailed examination and analysis of every aspect of the target company’s operations – its financial metrics, assets and liabilities, customers, human resources, etc."

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Several transactions -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale".

And we arrive here -

"Purchase and sale contract – Assuming due diligence is completed with no major problems or concerns arising, the next step forward is executing a final contract for sale; the parties make a final decision on the type of purchase agreement, whether it is to be an asset purchase or share purchase"

That's all we have to wait on at this stage, they'll have their financing in place and step 10 comes after we vote on the disposals via a EGM.

GLA

Head tilted back resting on my new Green Hydrogen pillow. Total bliss.

Does anyone have any food leftovers i can feed my green box trolls, they've been banging around hard in there today, i presume that they have no beans left at the bottom of the tin.

GLA

Everywhere you look with Eurasia Mining -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted to sign this legally binding agreement with ERDC, that helps strengthen our titles to the projects also via all the respective land plots. The ERDC Agreement is a critically important milestone in developing our strategic options both in relation to the confirmation of our ownership titles and in relation to various tax and non-tax benefits adding further value to the Company".

JORC, asset sales, asset acquisitions, full government support, NKT flank expansion and now green Hydrogen on an island just North of Japan. These are all critically important things that the BOD have been working very hard on in the background!

Koka Kola's all round!

Tick tock, tick tock. . . . . .

GLA

Yes, one of the THREE options as CAW stated.

They then quite clearly enter the relevant info on their post -

"4731 Sevzapnedra 11/08/2021 11:00:00 At the expense of subsoil users' own (including borrowed) funds without including in the list of objects 501 Herbal copper; nickel; platinum; gold; palladium; Murmansk Region 3.48 Returned"

Right there at the end 'returned'.

GLA

Well it means it's currently running through their system del.

I presume at the early stages if something needs clarifying or amended then it is returned in order to do so before progressing from that stage?

GLA

Good spot CAW, i had missed this with that new news circulating. They're certainly very busy over in Russia, what a year this looks ro habe been on the business development front!

GLA

MD of Eurasia Japan, MB on twitter found that link a long time ago but nothing ever came in RNS. It will be interesting to see what gets released now that this extra info has been found out there -

https://twitter.com/iMuesliBrown/status/1447950387093377033?t=X5B8CSI14FIO0_ZABZBZeg&s=19

Clearly something they've been keeping a lid on somewhat like the Rosgeo JV.

GLA

Murmansk to Sakhalin, Eurasia has business at both ends of the vast country and even in the centre with West Kytlym.

It's actually bizarre to think that this was once a tiny little AIM tiddler floating around there, the more it progresses the more bizarre that reality becomes.

What an absolute gem of a share and an absolute gen of a BOD running things!

GLA

It's a crazy development tbh, they'll have to RNS something as it's very significant Tilly imho

You get the feeling that a lot of news is about to drop, before Christmas is looking very strong and this week is looking like a very good contender!

GLA

They're aiming quite big with it all as well i see -

"Of the 33 hydrogen energy projects previously announced by the Ministry of Industry and Trade for implementation in Russia, 25 are associated with the production of "green" hydrogen based on renewable sources. Sakhalin Island should become one of the breakthrough regions for the development of hydrogen projects. Russian Rosatom plans to start exporting Sakhalin hydrogen as early as 2025. Japan and South Korea may become the first export markets for Russian H2 produced in the Sakhalin Region. Due to the small transport shoulder, hydrogen from Russia will be out of competition. According to the concept for the development of Russian hydrogen energy, by 2050 Russia will be able to export up to 33.5 million tons of hydrogen per year, which will provide it with up to 20% of the world hydrogen market. By the middle of this century, the export of hydrogen will bring the country up to $ 100 billion a year."

They're certainly grasping the clean energy revolution firmly with both hands!

GLA

More holiday destinations ;) It would be rude not to take a look at some point wouldn't it lol

GLA

Just North of Japan, yes, indeed, a very clear link!

https://www.google.com/maps/place/Sakhalin/@41.5441814,136.9651011,5z/data=!4m5!3m4!1s0x5eda1764b61e9d01:0xdce09b449f738803!8m2!3d50.6909848!4d142.9505689

Eurasia part of feeding Japan green Hydrogen, now that's a nice thought!

GLA

Poor lad, RIP. It's a cruel thing at times life!

GLA

Cheers Mark, i was just about to turn the pc on and have a look for the article. It's great to see!!!

EUA 2.0.........it's going to be massive!!!!

GLA

It's a cracking spot, roll on EUA 2.0 with direct involvement with the Hydrogen economy!

GLA

Glad that there are a good few in agreement with that and they have explained things in their own way.

If it is a Russian buyer they will have known that is is something which can be put in place prior to sale finalisation etc. Norilsk for example would be fully aware of it and what it means in terms of ownership confirmation and all of the other high value attributes of the agreement.

JORC, that agreement and other things being in place prior to the conclusion makes any buyers life a lot easier. The stage is set for a pick up and go project with MT + Flanks now, with all of the full gov support bells and whistles. It can only be a matter of time before we hear about the sale details imho

When you sit back and read through recent RNS you can see exactly how the BOD have worked through all of the systems to maximise value to us shareholders, cementing their position at Monchegorsk is just the latest tbh.

All the best to you all!

GLA

Both existing projects, as in MT+Flanks and the Rosgeo JV are very much completely separate projects. What will be interesting to see is the future projects that Eurasia might undertake -

"The ERDC agreement will benefit both the existing projects in the Kola and future projects Eurasia might undertake in the Arctic."

This is clearly a big reputation game and Eurasia have gained a good reputation in Russia to have arrived at this point.

EUA 2.0 could be even more interesting going forward after we get the asset sales out of the way!

GLA

Simply a slip of the mouse, it is always a strong buy for me kevman.

It is a critically important milestone to the BOD's larger plan, confirmation of ownership rights is something the asset buyer will have most definitely wanted to see before parting with huge sums of money, that's just common sense tbh. You wouldn't buy a house unless the seller could confirm that they actually own it would you?

GLA

Always remember rule number 1 - 'you can only sell what you own' :

"The ERDC Agreement is a critically important milestone in developing our strategic options both in relation to the confirmation of our ownership titles"

GLA