RE: SP Not Adding Up12 Feb 2021 16:51
What a load of rubbish peter. Eurasia have $7m in the bank for expansion at West Kytlym and the Sinosteel EPCF contract to take Monchetundra to production. No money is required. II's and funds are getting in after assessing the fundamentals, some of which are ii's looking at ESG credentials.
It's almost like people just want to point blank ignore what's in black and white in RNS -
"Since launching the Formal Sale Process on 1 July 2020, Eurasia and its advisers have engaged with a wide range of parties, and have to date received non-binding offers in respect of both a possible acquisition of the Company as well as other transaction structures.
Progress to date has been slower than expected reflecting the complexity of the process, involving several parties and structures, as well as external factors including COVID-19 related travel restrictions, and more recently delays resulting from western and Russian holiday periods. Notwithstanding these factors, discussions regarding proceeding to binding proposals are continuing. Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms."
The deals are on the table, they're moving to a binding conclusion, as per official RNS.
GLA