Member Info for mac4671

Non-binding offers are being progressed, the only way a non-binding offer progresses is to a binding conclusion -

"Further Recent Developments

Formal Sale Process
On 1 July 2020 the Company announced that following a strategic review of its business and in order to maximise value for its Shareholders it was launching a Formal Sale Process under the UK Takeover Code. The Board appointed UBS as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company. Non-binding offers have been received and are being progressed."

GLA

To be out in force this weekend trying lame spin attempt after lame spin attempt. You can already see them missing parts of the RNS out to suit their agenda. I pick that up just from the replies to them.

Everything recently is strong signs of strength, anyone who suggests otherwise has a hidden agenda. Remember the MD switch in the middle of all of this as well, you'll see that something great is currently being worked on.

All the best to all of the genuine shareholders on here, our time is approaching.

Take all weekend to absorb this recent development and don't be swayed by those with clear agendas.

GLA

The EGM is also a possible way of showing another financing option, that coupled with $6m in the bank and a producing asset about to start processing materials, clearly demonstrates that there is no financial difficulty present at Eurasia Mining. They are financially secure to move forward with things on their own if they want. It's potentially more hard ball FSP tactics to force higher bids out of the buyers tbh.

Either way, this entire story is getting even more interesting recently, it's after hours bombshell after another lately!

GLA

It will pay to read through everything a few times over the weekend but it's another show of strength no matter which way you slice it, the interest in Eurasia is high -

"Tamerlan has introduced several Asian companies interested in working with Eurasia, including a Japanese US$21b net revenue company, that is already present in a PGM mining asset."

The EGM vote is almost meaningless, £250,000 when we have $6m at the time of our last RNS and WK is just about to start processing again. I wonder if it's more of a voting base test of sorts before a further EGM is called?

GLA

Come on now, hands up high so i can see them arrrrrrrrggggggghhhhhhhhhhhhhhh

I think it's the first part of a consortium moving to secure what they can at Monchegorsk tbh, and it explains how confident Citic have been with all of this to have been on a success fee basis for so long!

GLA

Remember the initial bank RNS -

"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."

GLA

Next week is going to be very interesting!!!!!!

I've got my treasure chest waiting to be filled with all that treasure.......arrrrrrrgggggggghhhhhhhhhhhhh

GLA

Consortium Panderman, it will involve a few companies on the full district there to have it all in production. Are you suggesting the double capacity plant, their involvement with the MDA, and their $27bn plan is just a mere coincidence at this stage?

GLA

They were part of setting up the Monchegorsk Development Agency as well with the local government body. Everything is now set up and ready to take that district to production, that Rosgeo JV opened quite a few areas up in one move. It can't be long from here to when we here what the deal is imho. The biggest thing to develop is the new PGM and battery metal district there.

It's a bit like watching a game of chess, all the pieces slowly moving into place to 'check mate' the green industrial revolution imho.

GLA

This is always the bit that stands out to me CAW -

"construction of new mining as well as concentrating and metallurgical facilities,"

We know the double capacity metal plant is being built in Monchegorsk to better ESG credentials, new mining on the door step would be damn handy for them wouldn't it!

After that NN announcement it should be time for them to show their shareholders exactly how they're going to achieve what they say they will achieve. If i was a shareholder there right now, i would be wanting to know exactly how a figure as vast as $27bn is going to be spent going forward.

GLA

I think he was the first the green box reporters managed to get to Mike. They then went after Tilly and then Ian by all accounts. Whatever they did with Hoochy they managed to get him permanently banned. The whole thing just has me creating my own threads all the time and sticking to purely Eurasia related subjects, if i suspect a disruptor after a few replies i just green bin them. I've managed to stay out of the sin bin so far with those tactics, so i can recommend them to anyone.

They have attacked numerous positive posters through all of this to date, some have had perm bans, others get 24hr naughty corner rulings. The trick is to just green bin them as soon as you suspect that they're just here to disrupt, any continued arguing with them appears to lead to certain bans happening from what i've seen.
I've had some of my posts removed myself over the course of all of this, so no one is immune to the admin process here, you just have to be pretty careful with things to avoid the other penalties.

GLA

"New research from Global Palladium Fund reveals institutional investors predict an increase in industrial activity will drive precious metal prices higher"

https://gpf.global/new-research-from-global-palladium-fund-reveals-institutional-investors-predict-an-increase-in-industrial-activity-will-drive-precious-metal-prices-higher/

GLA

The website dropping the title from Christian recently points to something being done. Whether that's getting everything correctly titled as it should be prior to something, or a reorganization to get done what he stated he would get done when he was initially made CEO, all points to the same conclusion regardless. The reason is because he told us all what he was going to do as CEO when he was appointed -

"James Nieuwenhuys, Eurasia's CEO and Executive Director: "In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders"."

GLA

Relevant RNS tells you the change, it's there in black and white in the most recent RNS. If it was false it would have been rectified by now.

GLA

You'll note from any website changes that even when he was a ED he was simply titled CEO after the reorganization which put him in that position. In RNS however before that recent RNS he was quoted in RNS as a ED -

"James Nieuwenhuys, Eurasia's CEO and Executive Director"

See, the director level for his CEO position is never inserted on the website, it only ever arrives in RNS when he comments -

https://www.lse.co.uk/rns/EUA/board-changes-f91pk9lukr0kgua.html

GLA

From the RNS which initially highlighted the change -

"Christian Schaffalitzky, Executive Chairman of Eurasia commented"

"James Nieuwenhuys, CEO and Managing Director of Eurasia commented"

https://www.lse.co.uk/rns/EUA/binding-agreement-signed-with-rosgeo-664vj174ti35e5h.html

GLA

If you got clarity you would know who the MD is now, so come on tell us all who it is.

GLA

"It hasn’t happened. I asked for clarity and got it." - So who's MD then. Usually the CEO does both and is normally just titled CEO as James is now. Prior to the RNS naming him as such and the website update it was Christian.

You see i watched it all change since the RNS mention -

Old website titles :

From the Eurasia website -

"CHRISTIAN SCHAFFALITZKY
Executive Chairman and Managing Director"

"JAMES NIEUWENHUYS
Chief Executive Officer"

GLA

You'll specifically note this direct statement at the last reorganization -

"This reorganization is designed to optimise our execution team."

These changes are not random events, they all happen for good reason!

Christian stepping down as MD and James taking on the role is the latest reorganization.

GLA

Let's see what they stated when he got the CEO position shall we -

"Christian Schaffalitzky, Eurasia's Executive Chairman commented: "This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James's focus will be to work with our advisers on the sale process. "

So, what has the man been working on since he got the CEO position, the sale and a deal beneficial to shareholders, as per RNS -

"James Nieuwenhuys, Eurasia's CEO and Executive Director: "In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders"."

Now, let's see what he was brought here for -

"the Directors believe that the experience of Anthony and his contacts, especially among PGM and gold producers in Russia, China and South Africa, could be beneficial for the Company as it continues to explore potential options for the Company's assets including a potential sale of the Company's mining assets."

Moving up the ladder and now being in control of things as CEO and MD shows that he has been successful in what he was initially brought here for. His story is a simple one which is easily followed via RNS since his arrival.

GLA