Member Info for mac4671

"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.

Feet up and very relaxed, the main work has been done. Grab a Koka Kola and relax!!!

GLA

They've been here since the bank RNS of Oct 19 Chickenlover. Same people just using various board monikers, rinse and repeat of posting nonsense and trying to sow seeds of doubt.

Not long until the deal details land now either way, we could hear this week if they have set a 14 day deadline to have the sale contracts done, we'll just have to wait and see. All other stages appear to have taken longer than usual, so, this final stage may end up being a little longer than usual but it will still get done.

All the best to you!

GLA

What's not to like?

"· Agreement with Rosgeo concluded in March to form a globally significant battery metals and PGM district on the Kola Peninsula, positioning Eurasia among majors

· 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

· Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board"

"· 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."

"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"."

Most comfortable position Eurasia has ever been in, a very easy waiting game!

Koka Kola's all round!

GLA

Mike, what are you waffling on about?. So you agree it's 99% done, so you agree with the M&A stage that i have shown you that we are at then?

I can state the law as much as i like, M&A is a branch of corporate law.

Who has said that they have not viewed JORC details?. No one, all that is stated is the due diligence has been completed. On completion of due diligence we move to step 8, executing the final contracts for sale. That is just how it is, there is no changing the corporate M&A law on such things. The law is in place to protect both the buyer and the seller and should always be the case when vast sums are potentially changing hands.

GLA

There isn't a 'looks like it's following m&a', they are following m&a. Asset disposals, asset purchases, company sale, purchasing a company are all m&a. And m&a is a branch of corporate law, hence why it all follows a very stringent legal process.

We are at stage 8 of the corporate finance link stages, that is a FACT, a m&a fact.

I only provide the facts as they are, no dressing them up, no individual opinion on such things.

DLA Piper are our lawyers, they buyers sude will have their own and they all work to corporate law stages of the m&a process.

GLA

Mike, please, learn to read, your looking very foolish at the moment.

You're literally just posting to argue because you're not the one who has provided the correct information.

Corporate law, it is all governed by corporate law.

GLA

Mike i have not stated it is sold, i have stated the corrwct factual M&A information, this is the part some of you appear quite stuck on. They have an exclusivity agreemnet with the buyer at present, the corporate law of M&A dictates that.

Now read it all for yourselves by following the verified thirs party links i have provided, the only ones arguing are yous, and you're arguing against what is factually correct.

GLA

Selecta, you can't correct what is factually correct, that appears to be the part you're very stuck on.

Corporate law is entirely at play here, it is corporate law that governs M&A, can you not read?

GLA

Use this link and read it all for yourself -

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

GLA

Sellers side, our side -

"Phase Three: Negotiate

Negotiate with all buyers who submit bids. Once you’ve received bids from all interested companies, negotiate. Refer to the strategic intent you laid out at the beginning of the process, and invoke external expertise. Also, by this time, be sure you have all the financial information that’s available, should you move forward with a deal.

Draft the definitive agreement. Buyers and sellers work together to draft a final deal.
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.

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.

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

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."

We're at the very final steps, both the buyers stages and sellers stages of any reputable M&A process description tells us that.

All info can be found in the link i have provided, i provide the links as i understand that some may be feeling anxious after a long selling process and with some having quite considerable sums invested.

That's where we are and both sides have spent money and a lot of time to get to these final stages.

Koka Kola's all round!

GLA

Oh dear mike, you really are struggling. Why was the FSP stopped, look i'll show you -

Since the FSP ended we have been at this stage - M&A timeline link: "You are now locked into an exclusive deal with the buyer — you can’t pursue further negotiations or solicit interest from other potential buyers."

The FSP was stopped after the seller received an offer they accepted. It is stopped at that point because of this -

"you can’t pursue further negotiations or solicit interest from other potential buyers"

Thw process dictates that they are locked in now with the current buyer, that is the LAW.

GLA

Mike, the steps are the steps, that is what they are doing. They are executing the final contracts for sale, hence advancing several transactions.

You people are hard work!

GLA

Look, i'm not here to argue........

"Mergers and acquisitions (M&A) is a branch of corporate law dealing with companies that are purchasing and/or merging with other companies. ... M&A transactions are among the most complex and significant events in the life of a firm— the consequences of which reverberate both internally and externally"

Now please, put some of your time into learning, it's ok to not know, but, it is not ok to keep ignoring what is factual knowledge.

GLA

"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.

Feet up and very relaxed, the main work has been done. Grab a Koka Kola and relax!!!

GLA

Selecta, it is corporate law. You know very little about M&A, that is clear at this stage.

I have provided you with two seperate links which show you the process, one of which shows you it from both the buyer and seller sides, read them and learn something.

This isn't a debate, or, what you seem to wish for, an argument, that is the M&A process. The process which the lawyers at each side follow.

GLA

Selecta, it's not a theory that is the steps to an M&A process.
The process is governed by advisers and lawyers at both sides, so, to ensure each side knows exactly what they have to do and when they follow that exact step guide to keep the M&A orderly and to the letter of the law.

The one with a theory is you, the one who can't back anything you say up with verified third party sources.

We may be on the same side, but, you are wrong about what you try to suggest with M&A, it all follows a stringent legal process where both sides know exactly what they are required to do at each stage.

GLA

The final part before it gets put to us to vote on.

Hope you've all had a lovely weekend, see you in the morning.

Koka Kola's all round!

GLA

The toughest part about trying to value it is not knowing exactly how much metal is there, all PGM figures do not include the Nickel, Cobalt and Copper at the Monchegorsk district and there is a lot of Copper and Nickel tbh.
The other part is not knowing exactly what they're selling, but, if you take as what they had at the start of FSP as a minimum then it's the 15MOz Palladium eqv for MT + Flanks, even that is worth billions.

Tesla/Elon could snap whatever he wants up, most things are simply pocket change to him now!

GLA

Since the FSP ended we have been at this stage - M&A timeline link: "You are now locked into an exclusive deal with the buyer — you can’t pursue further negotiations or solicit interest from other potential buyers."

RNS - "the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."

If someone is to come out of the blue and over the top, then it will be after this initial deal announcement. Quite exciting if i'm honest due to the recent bidding wars for assets containing Nickel etc.

GLA

Well selecta6, your knowledge of M&A is quite poor. Failing to read both links and accept the process is entirely on you, it's right there in black and white for anyone to read themselves. Your choice to ignore it is rather odd if i'm honest.

I know where we're at, it's very easy to correlate the RNS to the appropriate M&A stage timelines which are in abundance on the internet.

Until you can provide a link to suggest otherwise, you'll just have to accept what is there in black and white.

GLA