Member Info for mac4671

Number 5 on our (sellers) side has to come to us shareholders to vote on via an EGM, we vote it through and then it can finally be signed and the asset sales take place.

It has been a long process with Eurasia tbh, the 5 month DD is a good example of that, you don't see those type of time spans mentioned in any material that is readily available. But, it is still all moving along nicely and the M&A is firmly in the final stages.

GLA

Buyers side -

6 -Negotiate and sign the deal. This is the point where you make a “go/no go” call. Use the products of your valuation models to create an initial deal, then present that deal to the target company. Next, you’ll enter a period of negotiations; the deal is finalized once both parties agree to and sign the deal.

7 - Perform due diligence. In M&A, due diligence refers to the evaluations you perform to ensure every detail is in order before you finalize a transaction. At this stage, the buyer should create financial modeling and operational analysis, as well as assess the culture fit of the two firms. The LOI should provide a ballpark for the timeline of due diligence (typically 30-60 days), but the schedule will vary depending on the firm. To get started, check out this comprehensive list of free due diligence templates.

8 - 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.

Sellers (our) side -

3 - Enter into an exclusivity agreement. You are now locked into an exclusive deal with the buyer — you can’t pursue further negotiations or solicit interest from other potential buyers.

4 - Help facilitate the buyer’s due diligence. It can take more than two months for the buyer to complete their due diligence evaluations, but you, as the seller, can help expedite the process. Prepare all documentation ahead of time, and stay in close contact throughout the process, so you can swiftly handle issues as they arise.

5 - Get final board approval. When the buyer has completed due diligence and plans to move forward, solicit final board approval.

6 - Sign the definitive agreement. Once you sign the final agreement, the deal is closed — you have either merged with or been acquired by another company, and integration begins.

GLA

Here Summit, go through this link, it explains things for both sides of the M&A table -

https://www.smartsheet.com/content/merger-and-acquisition-process

GLA

Exactly that LargeGin.

Wrong Summit, since leaving the FSP we have been in an exclusivity agreement with 'the buyer'. The agreement safeguards the buyers interests while they take the time and expense to conduct their thorough due diligence.

Any prices movements with the metals will have been anticipated due to the swings with covid strains, but, covid can't go on forever, life will very much get back to normal at some point. They're not interested in covid strain price swings, it's future pricing forecasts and modelling they use, due to MT looking to come online in X years time when covid will be a thing of the past and the demand scenario will be in full swing.

GLA

A lot of what's happening is just bringing historical mining areas back into production due to the currently great and future forecast great metal pricing. It's all very straight forward when you sit back and logically think about it all.

We need X,Y,Z metals, oh hang on, let's have a look at what we historically know, oh look there's some there, let's bring it back online to feed the present demand scenario........GENIUS.

GLA

Just talking nonsense as they've done zero research, the area has been of great geological interest since the early 1900's -

"It was established in the 1930s[citation needed] as the inhabited locality of Moncha-Guba (?????-????), which served copper and nickel mining in the Monchetundra Massif.[10] "

https://en.wikipedia.org/wiki/Monchegorsk

Even wiki knows that, poor Bilbo, such a try hard with zero substance lol

GLA

They never answer any questions Builder12, but, always magically have loads to say. It's amusing it always has been, that's why i just green bin them.

The way quite a few of them come across, it's as if they're very bitter that some (like myself) have done very well out of Eurasia and it is all set to do even better when the JORC details and asset sale details arrive.

Monchegorsk isn't a mining asset, it's a mining district of PGM and battery metals, absolutely full to the brim due to the multi-layer resource complex nature. The more that gets done the more value that gets attached, hence their current JORC position being done by Wardell Armstrong.

GLA

There will be a mad scramble Sp28, a lot being tightly held now by LTH's. The amount being traded etc is quite small these days due to LTH's constantly adding to their stash on the dips, so, they'll be scrambling for what scraps are left tbh.

Some may think this is a long wait and that they have loads of skin in the game etc. They don't and it isn't that long of a wait when you think about the potential asset sale value, it's in the billions, very big asset sale if MT+Flanks is going, there's 15MOz Palladium equivalent there with Nickel, Cobalt and Copper on top.

Someone who has got a lot of skin in the game is this man -

"Dmitry Suschov * 16.32% 465,647,496"

And being the Mergers and Acquisitions Officer, you can rest assured that he is extracting every last bit of value out of any asset selling, every extra 10p per share changes what he makes by vast amounts, always remember that!

GLA

"But I always find when there are quiet trading days its the best time to accumulate more." - I quite often forget that Carlito22, the fact that some are still building positions. Everyone has their own comfortable price for building positions and making top ups, i've made a few top ups myself on some of the dips.

When you're looking at potential asset sale dividends then you're looking at a per share pay out, so, the more you have the more you will get.

I'm still very interested in knowing what they managed to produce at WK this year, it should have been a very good season there for them. Plenty of ore stockpiled prior to the ice melting and them getting the processing plants running at the start of the season. The ore stockpile will have had them straight into full production capacity from day one, doubling and trebling that when the 2nd and third wash plants were added into the mix.

It's all info that will come out sooner or later, the more time that passes the more 'it can land any time' holds true.

GLA

Wardell Armstrong Win at The Ground Engineering Awards -
"*24/011/2021 UPDATE – we WON the Ground Investigation Project of the Year Award*"

https://www.wardell-armstrong.com/news/wardell-armstrong-shortlisted-for-two-ground-engineering-awards/

The BOD have delivered plenty of value, the SP is out of their control. In mining you create value by using top level third party experts to do things like JORC on the entire Monchegorsk district, when those details land the real VALUE gets seen.

This isn't a casino, this is a professional mining company with the very top advisers and third party companies working to create the bigger picture, which, will always lead to the far greater value situation.

Time, that is all that is required to allow the professionals to get their work done.

The FACTS, that is all anyone needs to pay attention to -

"· Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly"

Koka Kola's all round!

GLA

At the back end of 2019 we were here -

"To summarise, as per the information from the Russian Cadastre:

·; there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;

·; additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and

·; additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.

The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"

That's what the JORC, recent drilling and putting everything into a larger DFS is for. Prove everything up and have it all ready with a thorough mining plan in place.

That's on what we've got current first mover advantage over, but, there is also this asset they could possibly go back to -

"The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk. This high palladium deposit now becomes of interest given the recent price appreciation in palladium and the future price outlook. Palladium prices through 2011 averaged less than $600 per ounce. The Company's database of proprietary information including 12,000m of drilling will be compiled in due course to reassess the projects future potential development. If the Company did want to explore this project again, it would have to re-apply for the relevant licences and there can be no guarantee that they will be granted."

5km from Monchegorsk, that above mentioned area is yet to be seen anywhere for the Volche area they mention in that RNS.

There's a lot of metals to JORC, it will come in time. Wardell Armstrong will get it all done.

GLA

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

Always good for getting under their skin......

"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

That's it, it takes time and it's a big deal being done.

NDA's have been in place for MT throughout so you know it is that going as a minimum, therefore, it is a large deal that they've been working on with that aspect.

UBS and DLA Piper have got it all under control, it's what they do as a day job and are extremely good at it!

GLA

We're deep into the M&A now, no need to panic, no need to get flustered, just relax and let the professionals do their work:

We're well into the final stages -

The priority is to EXECUTE on their strategy as announced -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "While the Directors see the benefits of a Dual Listing, our priority is to execute on our strategy as announced".

____________________________________________
"Potential Sale Update" -

"· Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence.

· As announced via RNS on 30 September 2021, since the receipt of the Proposal in May for the potential acquisition of substantially all of the Company's assets, additional interest from other parties is being considered by the Board.

· It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers."

"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"."

That is what has been announced. Anything else is fraudulent misleading, stop being a criminal.

GLA

I green binned them all last week Tilly, must be your turn this week lol

It's just Francis Bojangles and associates from twitter, nothing to be concerned about. One minute their positive, the next they're all doom and gloom and trying to attach nonsense to any positive posters. CFD trading is so transparent.

GLA

The focus doesn't matter that much, if you mine it as a PGM mine you'll still pull out Cobalt, Nickel and Copper as by products. If you mine it as a Copper mine, you would pull the rest out as by products etc. All metals at the district are required for the green industrial revolution, so, all will have strong demand characteristics attached.

They may make their presentations appear Nickel focussed for a purpose, to draw Tesla's attention their way due to Elon publicly announcing that he wanted miners to produce more Nickel. It's almost like a 'yes we heard you Elon, we're getting right on it' presentation in a lot of ways.

All the best to you.

GLA

Great breakdown lovelyboy. I agree, there is a strong focus on Nickel and Copper, the Monchegorsk area was a previous Nickel and Copper mining area, that's what the historical pits there are from.

I can't see any way where NN do not take Eurasia's assets at Monchegorsk, even paying top dollar now will see them grow them into huge value makers 5 - 10 years down the road from here. They can't really pass the chance up of buying what they can around Monchegorsk imho.

We would be looking at a separate buyer for WK, perhaps Japanese?. The PGM's, Platinum dominant, are a good fit for the Hydrogen industry forming in Japan.

GLA

I'll have to change that time lol. Put it through as mst instead of msk, it has been and went. 13:00

I don't believe that NN can complete their plans without relevant asset acquisitions, we have all seen what problems they've had at some of their underground mines recently. You have to have secure production lines running, that, realistically, can only come from open pit mining and the number of open pit relevant mines for sale is very limited.

GLA

"Transformational investments" sticks right out CAW. Purchasing an open pit PGM and battery metal district would fit that and their named goals of better integration into the battery metals market.

The timing is surely about right also?

GLA

Yep, we're all guessing, just from what we know it does point to NN's involvement. Consortium or acting themselves, they're definitely involved with what will happen at Monchegorsk, they're spending and updating far too much not to be tbh.

An after hours RNS now would cover a reveal at their markets day presentation, i think it lands at 23:00 uk time from what i've just looked at. Who knows, we'll see soon on that front.

GLA