Member Info for mac4671

Asset disposal from day 1 all the way through to the latest May 12th release, the inconsistent ones are people going off on tangents and changing their stance from positive to negative and vice versa -

Oct 19:

"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."

But wait, we apparently don't know what's happening . . . . . . .

Twaddle, nonsense, gibberish.

May 12th -

"Shareholders should note that one of the potential transactions proposed is one to which AIM Rule 15 (the fundamental disposal rule) would likely apply. Accordingly, a circular would be published by the Company and the transaction would be conditional on the consent of the Company's shareholders being given in a general meeting."

GLA

It's the same consistent script all the way from the original bank RNS of Oct 19 -

"The Last Non Consolidated Palladium Play".

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html

"we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'"

https://www.lse.co.uk/rns/EUA/monchetundra-update-y1zwj1c5tpmei84.html

"In recent months, Eurasia has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets. The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company."

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-jtwyvaxxdax49q0.html

"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."

https://www.lse.co.uk/rns/EUA/potential-asset-sale-fsp-other-updates-54a1wvacahgt87n.html

Eurasia Mining plc Annual Report 2020.pdf -

"• The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021."

"The Company has continued to manage and develop the Monchetundra Project while commercial negotiations/discussions
regarding a potential sale of the project are ongoing"

Feet up and very relaxed, sipping on some nice chilled koka kola, aaaaaaaaarrrrrrrrrggggggggghhhhhhhhhhh

GLA

When the deal news lands. ii's are grabbing as much as they can, they know fine well what a new PGM and battery metals district will be worth in the near term and the long term. They'll use every trick under the sun to scrape every share they can, their only objective is to build the position that they want prior to things moving up a gear or two.

GLA

Have simply changed their angle, don't be fooled by any of their nonsense. Everything is there to be read by anyone themselves.

GLA

This part -

"The Board has decided to focus on this potential asset sale."

Number 8, it is the only stage they choose such things -

"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"

They have decided that the purchase agreement will be an asset sale. We have all been told, you just have to understand M&A.

GLA

The reason we don't listen to your moaning is quite simple, we have actually been told what is happening and at what stage we are at -

"The Company has more recently focused its attention, including providing due diligence access, on a limited number of potential bidders who had shown consistent interest in Eurasia and its high-quality asset base."

"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."

"• The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021."

"The Company has continued to manage and develop the Monchetundra Project while commercial negotiations/discussions
regarding a potential sale of the project are ongoing"

All you have to do is understand where those stages fit in to a M&A progress model -

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

Pretty easy tbh, you just have to read things.

GLA

Final stages, due diligence done, letter received and the BOD has chosen the deal that best suits their needs. It's all in everything they've released tbh. It does seem to be taking quite a bit longer than usual, but, with a few parties involved in the mining plan for the wider area it is going to take a little longer than normal. The main thing is that it has all progressed and progressed very well by all accounts.

BOD are delighted at the offer the received and have chosen to move forward with, if they're delighted then it's at the appropriate level to fill a treasure chest or ten imho

GLA

That's exactly what it boils down to asleep, after all, they're large shareholders themselves here, everything they do affects their own personal large holdings.

Delighted, one word that says a hell of a lot.

GLA

M&A follows certain steps, here they are, decide for yourselves which step we're at -

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

GLA

Yeah it's so hard to know what's going on after reading the things the company has released. Literally in black and white multiple times.

What do you want to know, directors shoe sizes?, time their coffee break usually lands?, if they half dunk or full dunk their biscuits?. Just trying to figure out which part you need to know after being told they received the offer letter in May, told that in black and white in the annual report. Because they stopped the fsp to facilitate it and have chosen it after buyers have done their due diligence, it can only be the letter of intent for a binding offer they received. 16 weeks between non binding rns and May 12th sale one, again points to it being the letter of intent that has arrived. There's only financing and implementation left of the M&A steps, we'll here the deal specifics when the buyers financing is fully in place imho.

GLA

"The Last Non Consolidated Palladium Play".

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html

"we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'"

https://www.lse.co.uk/rns/EUA/monchetundra-update-y1zwj1c5tpmei84.html

"In recent months, Eurasia has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets. The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company."

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-jtwyvaxxdax49q0.html

"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."

https://www.lse.co.uk/rns/EUA/potential-asset-sale-fsp-other-updates-54a1wvacahgt87n.html

Eurasia Mining plc Annual Report 2020.pdf -

"• The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021."

"The Company has continued to manage and develop the Monchetundra Project while commercial negotiations/discussions
regarding a potential sale of the project are ongoing"

Feet up and very relaxed, sipping on some nice chilled koka kola, aaaaaaaaarrrrrrrrrggggggggghhhhhhhhhhh

GLA

The law firm working on our behalf in this asset sale, some are wondering what level those guys 'n' gals are at, well, the very TOP -

https://www.gov.uk/government/speeches/secretary-of-state-for-international-trade-speech-at-dla-piper?fbclid=IwAR1-xgfuewRm1X8F8uzQLiKEu1AO-1P5W1h4yHr5mXbD5nOwmUrIodQ_5-A

There are many reasons why i am very confident and relaxed with everything.

GLA

Wow the power's back on again lol

For anyone interested, i used to post this often at one stage, it is very in depth so anyone new to such things may struggle to understand some parts of it, but, take your time and go through the whole thing. Think about that economic study and mine plan for the Monchegorsk district and think about where that all now slots in on the development vs valuation chart on page 17 -

https://www.valuewalk.com/wp-content/uploads/2015/06/Valuation_of_Metals_and_Mining_Companies.pdf

The info really is out there, some of it does take a bit of finding and learning, but everyone can learn something more than they started with.

Take your time, read through it and think about where Eurasia and it's assets currently are in development etc, but most of all, have fun!

GLA

A lot of yous go on like you're magically in the dark, you're not. . . . .

https://acfequityresearch.com/eurasia-mining/

GLA

Take your time and do some valuations, i know most of you are waiting for gmf78 to do the work for you, but even the ACF report has been done at this stage which tells you a Moncherundra disposal would be £2bn+ just on the Palladium. The problem is people just don't want to believe what is already out there, so in that case do some valuating of your own.

GLA

Can someone knock up a few snacks and send them away into an evening class, i'm afraid that their posting has almost sent me to sleep. Rosgeo JV secured to multiply the resource levels Eurasia had control over recently, yet here they are whining on. Oh dear!

GLA

And have descended upon the board with their superior knowledge. It's amazing how these people never bring anything to back up their claims, the share price moving got boring a long time ago green boxes. Share prices move around on every single stock out there, it's not new like yous would try and have people believe, nor is it any sign of fundamental weakness. Every stock will always move both up and down, Eurasia is no different.

GLA

*know

If it's touchscreen just hold down on the first word, tabs shpuld come up and you just drag and extend them to get what you want to copy, menu comes up automatically to copy. Them just go to translator and hold down in the russian side and select paste when it pops up mate. Easy when you i guess.

GLA

From a normal pc web browser like google chrome, clicking on the translator link and then the pdf will open separate web pages. You can then just bounce between the two tabs, copy and pasting in small sections to read through the whole thing. I guess if you wanted, you could also copy and paste the english translation part into microsoft word as you go and get the whole thing in one place to read in english from start to finish. Each to their own with it i would say, but it really does give you a far better picture to what exactly has been going on over there and the wider mining plan for that initial district.

All the best too all genuine shareholders.

GLA