Member Info for mac4671

Because Lowbands, Russia also receives royalties, they also receive tax from producing assets. A PGM and metal district in production is a win for everyone over there, the gov, the local people who will prosper through jobs and investment back into the area, and also Eurasia who has the first mover position there.

GLA

Without an asset sale they can raise money through allotting securities to advance the Rosgeo JV. They are in no position of weakness, they have many routes of finance available to them to create that PGM and battery metal district via the Rosgeo JV.

The Russian gov wants the district in production, hence Eurasia gaining their full support. Big times for both Russia and Eurasia.

GLA

Egm was for what it was stated for -

"Regarding the general meeting and resolution to be put to our members, The Directors are confident that the ability to allot securities and demonstrate a capacity to develop the Kola PGM and battery metals district independently of other strategic options available to the Company benefits the Company and its Shareholders by improving Eurasia's negotiating position."

Passed, a short time later the chosen deal announced in RNS. Logic and reason points to the next drop being AGM and circular with the deal specifics to be voted on.

GLA

Nice one CAW, everything is still moving along nicely. First mover position in both areas is worth a lot more than some people realise, throw in Russian gov support as well, and, well, it really is the perfect PGM and battery metal storm for Eurasia Mining.

GLA

EE 100 - Green box 0, that is the official score. Sucks to be a green box it really does lol

GLA

You have a recent meeting timeline to go, just consider that is needs to be done by June 30th -

9th Apr 2021 6:29 pm RNS Notice of EGM

28th Apr 2021 1:13 pm RNS General Meeting Results

So what's that, 19 days between details and getting it done. Knock 19 days off from June 30th and that should give you a decent ball park area for the very max end of the timeline for details.

GLA

Timeline is simple, it is what will be voted on at the AGM. They announce with the circular providing the details and then a few weeks later it takes place. We're right in that AGM window now, the announcement is pretty much imminent.

What do you want, a max timeline?, you're talking a couple of weeks in that case as i believe the AGM has to be done by the 30th of June.

GLA

Green boxes coming out as they struggle for their last bean tin scrape, they've scraped it that much that the spoon has almost worn out the bottom of the bin tin!

Koka kola's all round!

GLA

Bliss, nice chilled koka kola -

"The Company is well placed to follow the model successfully implemented at West Kytlim and Monchetundra in developing a new global district for PGM and battery metals mining on Kola. The Company acknowledges the ESG focus adopted by its JV partner Rosgeo and its in-depth knowledge, experience, expertise and network of contacts, that make Rosgeo an ideal partner for the development of the Kola PGM district"

Remember as you sit back with the feet up -

Shareholders = winners
Green box brigade = Losers

Koka kola aaaaaarrrrrrrrgggggggghhhhhhhhh

GLA

Got the koka kola stand open, grab a nice chilled bottle and join me with the feet up, aaaaarrrrrrrrrrgggggggghhhhhhhh koka kola treasure aaaaarrrrrrrrgggggggghhhhhhhhh

GLA

Money, that would not be creating significant shareholder value from the JV assets, something which they mention wanting to achieve throughout. At this stage, the only way to create significant value from the Rosgeo JV is to progress through the earnout structure and gain the 75% of the assets. Then Eurasia would have JV assets, at this point in time they don't have any JV assets, just an option to proceed through the earnout structure. The JV is like throwing the cat amongst the pigeons tbh, it will have well and truly grabbed buyers attention that Eurasia have other things to be getting on with and have full support of the Russian government. Buyers have perhaps been dragging their heels a bit wanting a better deal than Dmitry has been prepared to give them, i see Dmitry as a very hard ball negotiator tbh, this whole thing has been expertly ran to date.

GLA

Because cjmarrit there are further assets to head into in both areas, JV ones at kola and they explored more of the urals back in anglo jv days. They could just sell Monchetundra at this stage, but the original bank rns has the statement in about disposing of both company assets, both being WK and MT at the time. We don't own anything in the Rosgeo JV so far, you can only sell what you own.

GLA

Read previous post, the one you initially replied to. We have been in the process of moving non binding offers to binding. When you can tell me how to value them, assets we don't have, and where the assets we don't have are held then i may listen. The earnout structure is explaines in black and white in the Rosgeo JV RNS, we don't own anything until the earnout portion is done, so in effect they're not assets until that point.

GLA

Tell me how they would value such things since due diligence has only been done on 4 of the 9 assets to date cjmarritt?. Who holds the assets, is it Eurasia the company which is to remain after an asset disposal or is it a subsidiary like the ones WK and MT are held in. It's an asset disposal, first mentioned in the bank rns of Oct 19, go and read it and see for yourself. They had the option to sell the whole company, it states that in the recent RNS, but they have still chose the asset disposal path as per the same RNS. The JV is with Eurasia, it's a JV which to date has no assets due to no earnout being done on any of them so far, once the earnout is done then you could effectively class them as some form of company JV asset. It never existed when the banks approached, never existed when the FSP was started and never existed when non binding offers were tabled. So, realistically it has never been advertised for sale, it couldn't have been factored in to the FSP guide price for example.

GLA

JV rns was a kick up the backside for them to get a move on Mark, the JV shows Eurasia has full Russian support, any angle a buyer was using to try and suggest any weakness to get things in their favour was blown clean out of the water with the JV with the russian gov exploration company. There could also be more assets available at a later date to a buyer who plays ball now. I don't think Eurasia will take all 9 assets in the JV to production, they might, but i think most will be sold off at later dates and they'll keep a couple or a few for themselves. There's also Volchetundra to look at if they can manage to get that area back as well. They have a plan, but they can't take everything to production themselves, the district is far too large for that, it will require many companies by the end of it all imho.

GLA

I posted about it earlier -

"The decision on whether to proceed and thereby incur all or part of the Earnout is wholly at the discretion of Eurasia. The Earnout (if Eurasia decides to proceed) will be spread over the period of the development of the Additional Assets. Eurasia has 24 months in which to decide whether to select some or all of the assets to develop. If Eurasia determines not to proceed with any assets, no consideration would be due beyond the Initial Consideration."

The work for the first 4 has largely been done and when you look via google there is already a pit and workings at one area, an old Nickel mine i believe which falls within the 8km mentioned toll treatment distance -

"· Four palladium, platinum, copper, nickel and cobalt open pit deposits, upon which Russian FS completed and reserves (according to the Russian standards) approved by the Russian State Committee of Reserves (GKZ).

Each of the four open pit deposits, which are located directly adjacent to Monchetundra, have already been studied by Eurasia with block modelling and open pits' optimisations performed by the Company. According to the due diligence done by Eurasia, the ores are suitable for toll treatment over distances of 5 to 8km with beneficiation and mineral processing at the proposed plant site between the Company's open pit deposits at Loipishnune and West Nittis."

They're going into those 4 assets, i'm almost certain of it.

GLA

You're very welcome awacker, i hope you managed to secure your desired amount of palladium tickets before all of the recent huge news. Not long now!

All the best to you.

GLA

No, it's a JV and other things are required to progress them, namely the earnout structure after choosing which ones to proceed with. The current Eurasia assets are MT and WK, we'll be heading to production with those 4 JV ones once the initial MT and WK assets are sold imho. Not long to find out either way.

GLA

I think that's exactly what he does when he's not at the M&A negotiating table tbh bumble. That and telling Christian to get more treasure chests ready for filling, arrrrrrrrrrrrrrgggggggghhhhhhhhhhhhh

GLA

Just bury your treasure chest arrrrrrrrgggggghhhhhhhhhh

GLA