Member Info for mac4671

https://www.mining.com/web/green-revolution-gets-more-expensive-as-copper-price-surges/

GLA

https://www.miningreview.com/energy/hydrogens-rise-materially-increases-pgm-relevance/

GLA

Good luck with your investment here lossie, nice top up!

GLA

From the non-binding offer RNS. We're at tge end of this suggested window -

"5. Second Bidding Round and Process Letter II
By deciding on whom to admit into the next round, the process officially enters the second phase. This phase is determined by the opening of the virtual data room as well as intense due diligence done by the prospective buyers and their advisors. It usually covers a range of four to eight weeks and is governed by the process letter II. Towards the end of this phase, the buyers, given continuing interest, must submit their binding offers, which determine who will enter the final negotiation phase."

https://merger-strategy.com/the-non-binding-offer/

GLA

The Butyrin vein adds significantly to West Kytlym, it has Rhodium rich Pentlandite, as highlighted in my Rho Rho Rhodium your boat post.
The positive Rhodium anomalies at Monchetundra are also highlighted, it's all in historical geological data.

GLA

GLA

GLA

$29400!!

Positive anomalies dear Watson, that's where it's at!

GLA

Indeed it does . . . .

"The global shift towards "green" energy increases the role of Russia as a reliable supplier of raw materials."

Geology is geology, the formations are only in certain areas of the world.

GLA

19 red dots today i see Aston!!. That will keep shareholders on their toes no doubt lol

GLA

https://www.kitco.com/news/2021-03-04/Russia-plans-to-become-a-global-leader-in-rare-and-rare-earth-metals-production.html

GLA

It's a fair point, in order for any buyer to put their offer in they need to know the share total pertaining to company voting rights at the time of offer. Either way, fingers crossed we don't have much longer to wait.

There may have been a very high number of potential buyers in the FSP, some will have submitted non-binding offers sooner than others. With the pandemic, a buyer at the other side of the globe will have suffered from the mentioned travel restrictions, time may have been allowed for buyers in such positions to make travel arrangements etc before putting their offers forward. Covid made things more complex, there is no denying that at this stage of the game.

GLA

The point i've always taken from that link is that the buyers have to submit their binding offers in a given time period, so there has to be structure in place to run things to.

How long will it take for the binding deals to be looked at and for it to be decided which one is best? Hopefully it really is just a case of highest offer wins and it's presented to us lovely shareholders asap!

GLA

Indeed Williamsburg -

"5. Second Bidding Round and Process Letter II
By deciding on whom to admit into the next round, the process officially enters the second phase. This phase is determined by the opening of the virtual data room as well as intense due diligence done by the prospective buyers and their advisors. It usually covers a range of four to eight weeks and is governed by the process letter II. Towards the end of this phase, the buyers, given continuing interest, must submit their binding offers, which determine who will enter the final negotiation phase."

https://merger-strategy.com/the-non-binding-offer/

There will be a lot of head scratching if we don't hear lol

GLA

MT is now of great strategic importance to NN. I don't think they can afford to not buy MT at the very minimum now tbh.

GLA

Fully agree CAW, things have changed more rapidly than could have been predicted imho. Most things are now on the EU's critical raw materials list, that in itself adds its own dynamic to the situation right the way to 2050.

GLA

Take Rhodium for example, they will have predicted the bull run, but what is questionable is if they predicted such a rapid bull run to the level it is currently sat. Season starts and WK is churning Rhodium out at that price level, it's far greater than last seasons, so instantly effects the cash flow in a positive manner.

GLA

Non-binding to binding, if there are large changes in metal pricing forecasts then i'm fairly sure any buyer would adjust their final binding deal offer accordingly. We've only received non-binding offers to date, we are yet to hear of the binding offers landing. The most probable valuation model is the discounted cash flow, that values things on a projected basis and discounts back to today, therefore, if the future metal price forecast changes so does the DCF valuation.

GLA

Just adding the known blockchain tittle bittles to date -

Blockchain RNS -

"Eurasia are collaborating with Bankex to explore the potential for applying blockchain based solutions to develop resource sector mining projects, although there can be no guarantee at this stage that this will be achieved.

The rationale for the early stage collaboration is that the majority of PGM mined for industrial uses are used in industry to clean exhaust fumes in diesel and gasoline drivetrains and in much larger engines at oil refineries and chemical plants. These 'Green Metals' are particularly important in protecting the environment for future generations, and will continue to find applications in a more carbon efficient future. Eurasia and Bankex are interesting in exploring the possibility of creating a special purpose vehicle to apply blockchain based solutions to developing Green Metals mining projects."

https://www.lse.co.uk/rns/EUA/company-presentation-actxzv2r7t2dtfw.html

2017 Eurasia were actively associated with blockchain developers -

https://www.lse.co.uk/rns/EUA/memorandum-of-understanding-signed-with-goldmint-4x4625f76xsqao0.html

Things could be complicated due to Eurasia having a role in any future blockchain systems where the metals from the assets are used to back tokens up etc.

Some will remember the original Lybrion listing for 'Green Metals' and Eurasia named there. It's another dynamic that could have created complexities in the FSP. Not sure how though, because, well, blockchain and crypto is a whole new addition to the precious metals (green metals) sector.

Dmitry is a genius, well ahead of the game at all stages. New guys 'n' gals, have a little scroll down the page to the executive team section -

https://lybrion.com/

GLA

Our very own Dmitry being on the executive team there -

https://lybrion.com/guide/tokenization-of-commodities

GLA

Is where it's at -

https://www.metalsdaily.com/live-prices/pgms/

It could hit 30k an ounce tomorrow or early next week with the rate it's climbing!

GLA

It's a very large market TC101, plenty room indeed. With all the problems NN have had recently, i think a purchase of a fast to production large Palladium dominant asset would cheer their shareholders up a bit tbh. It has to be considered as a very important strategic move by NN at this point in time imho.

I believe we're close to an announcement now, everything points that way at the minute.

All the best to you, back on a Rhodium ore for me.....ROW lol

GLA