Member Info for mac4671

I think most understand why Monday is significant, that's all that matters tbh.

Sorry we can't answer that for an hour would indeed be a very boring presentation from 4 company heavy weights lol

GLA

They turned down the higher amount, they reduced it -

"· The Directors have reduced the financing size to approximately $15m from the higher amount offered to Eurasia

· The cash balance of Eurasia now is about $35m with no debt"

GLA

They have the funding for the Rosgeo JV via ii's, so, why do a presentation at an international investment show. They're clearly not after invesment in what they're currently running, RNS tells us that they turned down further investment from the last ii.

That doesn't really leave much for them to be there for does it, something more like showing the World how a Russian investment can turn out i would say. Showcasing how business is done in Russia in a very big way!

GLA

I never get disappointed, i only ever learn. Why get disappointed if something doesn't happen exactly ho wyou thought it would, but, it still inevitably arrives at the same conclusion?. There is no reason to.

I'm simply showing you the pieces of the jigsaw whick support the case, we all have eyes to read and ears to listen.

All the best to you.

GLA

You'll also hear him clearly in interview say something along the lines of "it's in the public domain so i can announce that it's in the region of" when explaining cost of production.

It has to be in the public domain prior to when he talks about it in interview etc lol

None of it's hard, you just need to listen to what the man says

GLA

Listen to the man himself explain where he takes things ( to FS and even sometimes to production in the case of Eurasia) before selling them.

Straight from the M&A mans lips, any more questions?

GLA

This type of thing happened regularly before this sale process got underway -

https://youtu.be/d_YMY6yiMDE

GLA

The biggest problem tbh, is, that most of you were not here prior to this whole sale situation, so, a lot of you have no idea about how regularly the likes of Christian and Dmitry did interviews promoting the company. It only stopped for the sale process, there has been no other reason. I've been here nearly 6 years now, i know how they were with both regular public appearances and keeping their social media feeds updated. Any LTH will tell you the same.

GLA

Oh come on bonzob, there has been no public appearance of the BOD for 2 years, it happened regularly before the asset sale scenario. All of the way through FSP and until next Monday there has been zero BOD appearances in public, not one.

When was the last time they were updating social media regularly as well?. It is no coincidence, we were all told that NDA's were in place for MT in RNS at the start of the FSP.

GLA

Indeed everything has risk, but -

* WK in production with 3 wash plants. Expanding all the time with flanks licenses.
*MT DFS done and EPCF contract in place to take it to production
*Flanks and Rosgeo JV are heading to the above MT status
*JORC's, open pit optimisations etc currently being done by Wardell Armstrong
*Asset sales, leading to large capital injection and dividend payout

Risk is very minimal at this stage imho

GLA

I saw that before, it's good until the end where they talk about Risk and FS time to be done etc. If they had researched it fully at this point then they would be aware that all of that is fully underway -

"· 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

ESG, green metals.......for the entire decade. Pick well and multi millionaire status should be a doddle for most who are in good ones right now and have further good ones picked out ready over the decade.

Golden decade for investing, a lot used to say they wish they were around for the oil rush etc, this is everyone's chance to be in on the green metals rush.

GLA

It's been updated sbrace -

https://twitter.com/iMuesliBrown/status/1460746704232267780?s=20

Advisers would definitely not let the M&A man go to a public presentation to international investors.........quick buy in and almost instantly receive X amount lol. The news has to arrive prior.

I'm thinking they set a 21 day window for the sales contracts to be done, news tomorrow or Friday is looking most likely imho.

GLA

GLA

That post right there hits the nail firmly right on the head!

Well done RMR1969!!

GLA

The M&A man has to have some M&A to talk about at the event -

"The Moscow Exchange International Forum is the largest platform for dialogue between representatives of the government, financial regulator, Russian public companies and the international investment community.

The Forum helps to improve the perception of the Russian financial market abroad and to increase the interest of global investors in Russian issuers and the Russian stock market.

In parallel with the sessions of the forum, meetings of the management of public companies with international and Russian investors are traditionally held. This year, such meetings are held with the support of Sova Capital.

The Moscow Exchange has been organizing investment forums since 2009 and holds them in the world's largest investment centers - Moscow, London, New York and Shanghai.

Since 2020, all events of the forum are held online."

Similarly, the Japanese arm man has to have some Japanese arm stuff to talk about. If it wasn't the case then Christian and James would be able to do it all themselves.

It's a big pitch to have those four in attendance, even PDAC only had Dmitry and Alexei in attendance at the time, whatever is happening we'll all find out very soon imho!

GLA

Interesting info CAW, they have to release news or they would have nothing to talk about. A presentation to ii's and the international investing community where they couldn't talk about what's hot on the lips of the investing community would be abysmal.

"It's been discussed pretty extensively in the Telegram group, don't be getting excited for Monday." - That doesn't mean a great deal i'm afraid. Ask yourself, what will this man talk about since he has been governed by NDA's for a long time if news isn't released prior -

"DMITRY SUSCHOV
Mergers and Acquisitions Officer
Commodities trading veteran (primarily various grades of metallurgical and thermal coals) who has successfully built a major Pulverized Coal Injection (PCI) franchise throughout Asia, Europe and America with an annual turnover of up to $100 million, thereby accumulating around 2.5% of the global PCI market share. He is also an investment banker with extensive experience in the Russian resources industry having previously worked with IG Capital, MDM Bank, PricewaterhouseCoopers and Ernst&Young as mining & metals leader in corporate finance for Russia and CIS. Dmitry has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals."

Think about it, he hasn't been seen in any public environment for a couple of years now due to the sale of assets process and now he is appearing!

GLA

This is where were at according to an RNS 17 June 2019 -

"· The total exploration area applied for and approved at the West Kytlim project now stands at 95km2, inclusive of the Flanks Area (71km2) which was approved for exploration in December 2018 (see RNS dated 17 December 2018).

· Exploration areas are adjacent and surrounding the current 21km2 mining permit, bringing the total area licensed and under application to 116km2"

Then we have that recent flanks license on top, i presume it's the South area of our current mining license as we already had the North, that was approved in 2018 as per the above statement. Tipil approved last year which took things to this level 116km2. I'm sure there was a mention of a approx 50km2 area being applied for at one stage, i just can't find the RNS ref to it, but, it was revised last August and is perhaps another 71km2 area after the revision?

Richards tweet has egrul saying it's another 71km2 area -

https://twitter.com/RichardDugdale3/status/1459940813597728778?s=20

That would be 187km2. Old Anglo JV area was 251km2 according to the relevant historical RNS. Hopefully they update the website map so we can see what's what with it.

GLA

No, all pretty straight forward if you just take the time to read it -

"· 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.

Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.

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".

James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We are advancing our development projects to production, increasing production on our operating mines adding value to Eurasia, while also focusing on other strategic options that are progressing well".

They're certainly trying some strange lines this week that's for certain.

Stage 8, nice and easy -

"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"

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

GLA

That's all that matters at this stage with the presentation on Monday. The days are passing quite quick i feel at this stage, will it be Thurs RNS or an after hours Friday big one giving us the entire weekend to absorb the info and have questions ready for Monday?. Who knows, it's certainly exciting at this point however!

GLA

casaeurasia, not at the moment no. MT + Flanks and WK can be sold, because that's what we own. We do not currently own any Rosgeo JV assets. They could be sold at later dates under ROFR arrangements to the MT + Flanks buyer when they get to the 100% Eurasia owned stage. Once Eurasia own them they can do what they want, sell or take to production.

A Volche JV would have to fit in somewhere alongside taking the original JV assets to production, Volche still requires quite a lot of exploration from what i can tell, so, you would be looking at this current Rosgeo JV heading to production and the exploration of Volche going on alongside one another imho.

As parts get to JORC and mine plan level, again, either sold or took to production by Eurasia. There's enough resources there for an extremely long time to be going at tbh, if Volche comes back into play you're talking hundreds of millions of Palladium equivalent ounces with Nickel, Copper and Cobalt on top potentially.

We just have to wait and see, i'm sure we'll find out soon with what's happening on Monday. A question about Volche if info has not been released may be a good move during the presentation.

GLA

GLA