Member Info for mac4671

Reference communication, when NDA's are in place, which we all know they have been since day 1 of the asset sale journey, you don't get much communication about the asset sales until they complete. That's the whole purpose of NDA's:

"NDAs, or non-disclosure agreements, are legally enforceable contracts that create a confidential relationship between a person who has sensitive information and a person who will gain access to that information. A confidential relationship means one or both parties has a duty not to share that information."

All information is legally confidential at the moment.

GLA

"Mac, yes however you have to agree with most of that letter to be sent to the Board, an asset sale doesn't take this long and the communication has been a joke" - In ordinary circumstances an asset sale does not take this long. That is the part everyone appears to forget.

Remember, 1st they had Covid to navigate, then they had the Ukraine conflict to navigate around. All the BOD can ever do is make the appropriate moves to navigate the company through whatever situation is present, and, well, that is precisely what they've done thus far.

The lack of CEO is the biggest sign that things are still very much going to plan and that they see the change of company direction after the sale of assets.

The new direction that everyone knows the company is aiming to head in -

ARTEM MATYUSHOK

Independent Non-executive Director

Artem has served in senior Mergers and Acquisitions roles with major resource companies and has amassed 20+ years’ experience in the Energy & Natural Resources sector ranging from the start-up operational environment to the corporate division of a major FTSE 100 company. Artem is PhD in Economics and CIMA (UK) qualified and is a former Shell alumni. Throughout his career he executed numerous high profile M&A transactions with total value in excess of $100bn. Since then, he founded H2Transition Capital Fund headquartered in the UK with a focus on ESG investments and in particular on hydrogen value chain projects. He continues to advise companies Board's on Energy Transition initiatives. Artem brings in-depth knowledge of the Hydrogen economy to the Company.

Think logically and you will realise that when Trump gets in, which is pretty much certain at this stage, the entire geopolitical game will change again.

GLA

You've not figured it out have you guys?

The next CEO will be appointed after the asset sales take place, the reason, well, because the company will be heading in an entirely new direction with Green Hydrogen, and as such, will require the right person at the helm.

GLA

Pay attention, watch the World reaction to Tuckers simple interview of the one man who has not been interviewed throughout.

When drumming a one sided narrative, no one ever wants to hear from the other side.

GLA

Yes, there's still plenty of money flying around in Russia to get big deals done and dusted. It's always good to see them go through while we all wait for our big news day here.

Great find!

GLA

"Saudi Arabia Flags Commodity Trading Ambitions With DME Stake"

https://www.bloomberg.com/news/articles/2024-01-18/saudi-arabia-flags-commodity-trading-ambitions-with-dme-stake

Many are now setting the stage of what is to come!

GLA

If not going in to production, it will all be machine maintenance in order to keep the site ready and functional for the would be buyer.

The heat source is potentially the dragline being tested after maintenance.

They may have temperature compression and expansion dynamics of machinery to keep on top of due to the extreme weather temperature over there in the winter.

GLA

"pound shop of green boxes" - The perfect summary, i'm glad i popped in again to see that 🤣🤣

GLA

Not every fan is a happy fan, always remember that.

Or, as the cool kids these days now say : Haters gunna hate girlfriend 😂😘

I hope all genuine shareholders are well!

GLA

They don't want Russia involved, but, they do want China. So, it could be interesting due to China being Russia's biggest ally and thus potentially being able to act as a trusted mediator at the beginning.

The truth is however, Russia will have to be involved directly in the talks at some stage for a real peace deal to be reached imho

Hopefully something materialises quite soon on that front.

I hope that all genuine shareholders are in good health while we all wait this one out!

GLA

Https://www.swissinfo.ch/eng/ukraine--switzerland-prepare-meeting-to-push-peace-formula/49129528

GLA

Are being tied up quite rapidly at present, and now any buyer has a very low tax system in place on top of extremely low production costs.

The tax difference makes a huge difference on any discounted cash flow valuation.

Eurasia entering 2024 how it wants to go on!

GLA

Shhhhhhhh Iknownuffin, don't show the green boxes too much, they'll get even more green with envy lol

GLA

4 green box replies i see, green with envy about the Green Hydrogen plans no doubt.

GLA

Jingle bells, jingle bells, jingle all the way, oh what fun it is to be an Elf on a Hydrogen sleigh -

https://fuelcellsworks.com/news/eurasia-mining-outlines-hydrogen-and-ammonia-strategy-signs-jv-with-h4energy/

https://www.petrofac.com/media/news/petrofac-to-evaluate-green-hydrogen-development-on-sakhalin-island/

GLA

Mince pie in one hand and Christmas cake in the other.

Time, it's an interesting concept and all good things come to those who wait.

Does anyone like Green Hydrogen? :

Ms Anna Price and Mr Artem Matyushok joined Essar Capital in June 2022 -

https://www.essaroil.co.uk/who-we-are/

https://www.linkedin.com/in/anna-price-41bb977/?originalSubdomain=uk

https://ukhea.co.uk/members/h2transition-capital-llp/

Ooooooo, i'm feeling all festive i am!

GLA

The tax reduction makes a significant improvement on a discounted cashflow valuation, perhaps it has been something else slowing down the sale process, because, for that profit margin increase you would definitely wait to see if you can get the reduction imho.

GLA

Not one bit of nonsense you ever spouted came true, not one!

Do the honourable thing, take your dribble off to a land far far away.

GLA

And that ladies and gentlemen is the score thus far.

GLA

All assets have simply been kept in a 'sale ready' state for quite a long time now and the timeline has been extended, we are all told that in relevant recent RNS:

"It is important to emphasise that, despite the now extended timeline, active discussions are maintained with counterparties based in Hong Kong and Russia"

Chairman Christian Schaffalitzky commented: "We appreciate our shareholders' support as we continue to pursue the possible sale of our Russian assets. Our main project at West Kytlim has seen no production of concentrate through 2023. We have maintained the assets in a sale ready state. Currently, the Company is not developing further mining assets. The Board and senior executives remain hopeful of a successful conclusion to the sale of assets process and we look forward to updating our shareholders in this regard as appropriate."

I guess one may presume that they could be waiting for the Ukraine conflict to end, but, that is simply a logical guess as to why the timeline has been extended.

In any case, any timeline extension is of no fault of any company employee, any shareholder, or, of any third party which has been brought in to assist with the planned asset sales.

GLA