Member Info for mac4671

Well with the full Monchetundra area available now via the JV Arsenalles, the numbers do indeed change. It's certainly worth more with the JV unlocking the rest of the old 36.2km2 Anglo JV days area than without it.

It does make you wonder exactly what price the BOD set for the FSP at the start of it all, it's a large figure, how large will always be up for debate a little until the deal news lands.

GLA

It's been a while since we have had a legit new poster, welcome to the board.

75% which can go to 100% of the JV assets, it's a value bombshell, one most didn't see coming. Rowka had a theory that something would happen with the Gov to unlock the area however and he was right.

GLA

EUA website has always been behind the times, always gets updated at a later date CAW, they've probably just missed updating that bit tbh. It will all work out in the end though, we'll have a good laugh when the sold sign finally lands on the EUA website 2 weeks after the money is in our accounts lol

GLA

"Xining Xin
ACTING CEO"

https://www.lesego.com/lesego-platinum-team.php

GLA

Something to think about, is he is also CEO and MD but has zero shares in Eurasia, so how does that man benefit in all of this?. The answer is from a career at the PGM and battery mining district, he's working at those assets long term or at least until he retires imho. EPC man for the buyer, knows the assets and Rosgeo JV deal very well at this point in time, it is the only way he fits into the jigsaw tbh.

GLA

For him to now be CEO and MD, you have to presume that he's been successful in what he was brought here for. It's the only feasible explanation. NED to where he is now comes from work success, nothing else.

GLA

He was brought in because our BOD believed that he could help with the sale, as per RNS. There was no plan to go ahead with the Lesego proposition at the time -

"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."

GLA

The same RNS he states he's going to secure a deal beneficial to us lovely shareholders -

"and securing a deal beneficial to our shareholders"."

Deal secured, well done you're now the MD and off you go to the buyer to continue your career over the assets. Something along those lines is what i'm thinking, just my opinion.

GLA

James is the new man, James has the plan, the man with the plan will have to let the shareholders know what the plan is at some point, but there is a good hint from the RNS CAW reminded us all of -

"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"

Note 'sale process', not maybe process, not what if process, SALE PROCESS.

He's away to the buyer, he has to be tbh.

GLA

AgentB, where was the Rosgeo JV leak?. There wasn't one, there hasn't been any leaks throughout all of this, the only thing available is using an Eagle eye to spot things, like the MD change dropped silently in RNS and then it being changed later on the website.

GLA

Not entirely sure Sbrace, they may well drop a FSP conclusion RNS which describes the position change as well. James went from a NED to a ED and we received no RNS, but this is different, Christian has clearly stepped down from that MD position. I'm sure we'll all find the reasons for such things very shortly, i'm leaning on the FSP conclusion, it's the most logical reason at this stage.
As i've stated previously though, even the FSP conclusion RNS could be a complicated affair, every word would have to satisfy multiple legal teams, not only our RNS but the RNS of the buying company as well, so that could take time to draft.

MD change points to something most definitely happening though, i don't think anyone can deny that.

GLA

From my post on Sunday -

"The inclusion of James's statement in that recent RNS is also a change from the norm, it's all very interesting. Christian appears to have stepped down from the managing director position. From RNS -

"Christian Schaffalitzky, Executive Chairman of Eurasia commented"

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

From the Eurasia website -

"CHRISTIAN SCHAFFALITZKY
Executive Chairman and Managing Director"

"JAMES NIEUWENHUYS
Chief Executive Officer"

James is in with the deal, as in Christian retires at deal news and James goes to the buyer?"

If Christian has stepped down from MD it can only be for a handful of reasons, but each is him passing the baton on, retiring or taking a more seat role with things. The most logical way that happens at this stage of the game is through the conclusion of the FSP. I personally think James is going to the buyer as part of the deal and Christian is retiring, well, when i say retiring, from Eurasia's story, he has appointments at other companies however, but it does point to the end of the Eurasia journey happening shortly. Aimho

GLA

It's Christian passing the baton on no matter which way you slice it.

GLA

Interesting, James to be MD at the buyers side?. I knew the spot in the RNS was a change, something's about to happen imho

GLA

Some PI's will have waited as long as they can, i think some were over exposed tbh. There was talk on here by a few some time ago about them needing money etc. The machine never stops however, it looks like a large trade but in reality it's small and will be swallowed up very rapidly.

The Rosgeo JV caught MM's out, it was as big as a surprise to them as it was to everyone else. The Eurasia story was running along nicely at the time, then straight out of the blue a whole new chapter was added to the already fascinating story to date.

It's just a matter of time before something is announced, every RNS states that it is progressing so it's a very comfortable position to wait at the minute.

GLA

Just what the funds and ii's want, easy shares to mop up.

GLA

They're also started when a company has a small number of assets and a large number of interested acquiring parties. Balance is to recognise Eurasia's position, it was investment banks who approached Eurasia, Eurasia have a producing asset which is making money, they also have a EPCF contract in place for the other asset which finances that asset to production at a guaranteed output level.
All involved investment banks are working on a success fee basis, you see, you can't just leave out the finer details of Eurasia's position and claim balance.

GLA

Just green bin them, i've seen it countless times now where people get banned for constantly arguing. The filter is there for a reason and is easily used.

Ian's a good guy but he does seem to get stuck arguing with the green box types for some reason instead of just binning them, i noticed that myself this morning. It's what the green box types want, get a reaction and get you banned, so ignore the clear bait posts and filter them.

GLA

Feet up and relaxed about the big deal and the BOD's ability to get binding deals done as demonstrated by the recent Rosgeo JV.

Big resources, big JV, big success with everything to date, it's just a nice and relaxed waiting game tbh!

GLA

Log out and back in, or try closing your current connection down and coming back on. Well done for doing the right thing.

It's the same person creating new accounts all of the time in an attempt to make disruptive threads and fill the chat board with noise.

Always green bin to resume your grin!

GLA