Member Info for mac4671

I'm only interested in the timeline of events personally Tricky, different assets, different metal prices etc. Lionore was a very long time ago, but it's a good example of the lengths Norilsk will go to in order to secure what they're after, and it gives a good idea of how long it takes them to become victorious in a bidding war, approx 20 days.

GLA

Kicked the SP off the floor.

Norilsk, Norilsk, Norilsk, the Russian's chanted as the war went on.

My favourite part was the included timeline of events, it didn't take that long for Norilsk to become victorious -

"On May 3, 2007, Norilsk Nickel made an initial unsolicited offer for all the issued and outstanding common shares of LionOre at a price of $21.50 in cash per share, for a total cash consideration of $5.3 billion. Norilsk Nickel's initial offer was in response to the prior offer of Xstrata plc (of Zug, Switzerland) announced on March 23, which had valued LionOre at $18.50 per common share, or $4.6 billion in totals. Norilsk Nickel's initial offer represented a premium of approximately 16.2 per cent over the Xstrata offer. Xstrata then increased its offer from $18.50 to $25.00 in cash per LionOre common share ($6.2 billion in total) on May 15, 2007, and on May 23, 2007, Norilsk Nickel increased its offer to $27.50 per LionOre common share ($6.8 billion in total), 10 per cent more than Xstrata's offer of $25.00 per share."

Should we expect an approx 20 day bidding war from Jan 14th before news?. A little to and fro between the remaining strongest bidders. That would be Wed, RNS dropped Thurs?, who knows, but at this stage, it really can land at any moment now tbh.

GLA

Possibly one of these lol

https://www.youtube.com/watch?v=cW8Wrs-MDoY

GLA

Looking forward to the Vanga bus party lol

GLA

Norilsk, Norilsk, Norilsk.........apparently they're like beetlejuice ; ) lol

GLA

I would settle for that tbh lol

GLA

They'll take your tickets to the next "global mining region for PGM" by any means. Keep tight hold of them imo, this type of thing does not happen very often!

GLA

Norilsk, Norilsk, Norilsk . . . . . . . .

"The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk. This high palladium deposit now becomes of interest given the recent price appreciation in palladium and the future price outlook. Palladium prices through 2011 averaged less than $600 per ounce. The Company's database of proprietary information including 12,000m of drilling will be compiled in due course to reassess the projects future potential development. If the Company did want to explore this project again, it would have to re-apply for the relevant licences and there can be no guarantee that they will be granted."

https://www.lse.co.uk/rns/EUA/monchetundra-update-y1zwj1c5tpmei84.html

“We have always noted the significant potential in the [Monchetundra] area which we now more strongly believe can be developed into a new global mining region for PGM to rival other large PGM producing regions of the world, including the Bushveld Complex in South Africa and the Taimyr Peninsula in Russia”,

https://www.proactiveinvestors.co.uk/companies/news/908445/eurasia-mining-climbs-as-it-says-licence-applications-for-monchetundra-and-west-kytlim-progressing-well-908445.html

GLA

That's right Carp, the Palladium price at the time tanked, but, with suspension, we avoided all of that volatility. If we hadn't, you would have what we have now, people scared trying to tell people to top slice, stop losses triggered en masse, and a new angle for people to try and convince others to part with their shares.

GLA

The ground at the assets and surrounding area has never changed, it's all still there and for sale -

"The massif extending in the north westerly direction is approximately 30 km long and 2–6 km wide"

https://www.researchgate.net/publication/252268728_The_Monchetundra_Basic_Massif_of_the_Kola_region_New_geological_and_isotope_geochronological_data

If it is Eurasia that have applied for Volchetundra, they have already done some exploration there in the past -

"This finding led to targeted prospecting for PGE,which was performed in 2004–2008 by the JuksporMining Company funded by the Eurasia Mining PLC."

"The Volchetundra massif occupies the middle part of the gabbro–anorthosite complex of the Main Range, which includes the massifs of the Chuna, Volche, Losevy and Medvezhy tundras extending in the near meridional direction (Fig. 1b). Their total extent is 75 km and a width of 1–10 km."

https://www.researchgate.net/publication/260958520_Low-sulfide_PGE_ore_in_the_Volchetundra_gabbro-anorthosite_pluton_Kola_Peninsula_Russia

Absolute Precision LLC

"Last weeks of 2020 were even more busy for us than usual, and we had some important business trips and meetings going on. One of them was a journey to Murmansk.
Murmansk Oblast is a region that is very rich with minerals and, what is as rare as important, with excellent logistic routes. We managed to hold several work meetings with companies such as Central Kola Expedition and discussed overall strategic development of mining projects in this area.
We also agreed to hold workshops with such industry giants as Phosagro and Nornickel.
Absolut Dynamics’ strong intention is to conduct detailed research in this region. We are not here to confirm or deny the existing information. We look into the deep and open new horizons.
Stay tuned for the updates!"

Good old Monchegorsk location tag -

https://www.instagram.com/p/CJWhW9JjiO4/?utm_source=ig_web_copy_link

GLA

You just have to look at the big picture, the one away from Eurasia and Monchetundra, what's going on in the entire area there in Russia. It's pretty clear that it's all being set up for this green revolution imho. For the country and their industrial might, it is the correct thing to do at this stage. They will prosper throughout this industrial revolution, make no mistake about that. Their key player, their top dog, is NORILSK.

GLA

Battled shorters on here, passed the time nicely, then laughed hard when Jub Cap went bust after suspension. Tbh, this share, and everything that has went on, has kept me occupied throughout the entire Covid episode to date.

Take your time to go over the fundamentals thoroughly again, that's where you will always find the best peace of mind. The fundamentals never lie.

GLA

Hmmmm, i wonder what it will serve. . . . . . . .

"Railway towards Lavna was originally supposed to serve a new coal terminal, but with the need of such port for export to Europe has no future in times of the green energy shift."

Can you hear it? Norilsk, Norilsk, Norilsk. . . . . . . . . . . almost sounds like an army is getting ready for something lol

GLA

Norilsk, Norilsk, Norilsk . . . . . . .

Who's ready for the revolution? ;)

It's all set up, it's ready to role, no small daily SP movement makes any difference to what is happening on the ground where the main Palladium dominant asset is.

They have a route, they have a plan, Palladium dominant Bushveld style complex?, oh yes they can -

MDA set up - Norilsk announce.

EUA board switches - shortly after announcement

DLA Piper taken on - MDA mentioned at our side

Whatever is happening it is done - The Monchegorsk Development Agency has been set up for the task.

"Finally, the Company welcomes the incorporation of the Monchegorsk Development Agency, as announced by Norilsk Nickel on 16 September 2020, established by Monchegorsk's municipal administration and Norilsk Nickel to focus on Business and Investment in the Monchegorsk area, where the Monchetundra project is located."

Shareholders of Eurasia also welcome the incorporation of the Monchegorsk Development Agency, as announced by NORILSK NICKEL on the 16 September 2020.

"The massif extending in the north westerly direction is approximately 30 km long and 2–6 km wide"

https://www.researchgate.net/publication/252268728_The_Monchetundra_Basic_Massif_of_the_Kola_region_New_geological_and_isotope_geochronological_data

"The Volchetundra massif occupies the middle part of the gabbro–anorthosite complex of the Main Range, which includes the massifs of the Chuna, Volche, Losevy and Medvezhy tundras extending in the near meridional direction (Fig. 1b). Their total extent is 75 km and a width of 1–10 km."

https://www.researchgate.net/publication/260958520_Low-sulfide_PGE_ore_in_the_Volchetundra_gabbro-anorthosite_pluton_Kola_Peninsula_Russia

Such a nice and comfortable, feet up sipping on your favourite tipple, position to be in.

PGM's as far as the eye can see, and further. Enough for more than any of our lifetimes. It's Russia's Palladium dominant goose for thriving in a global Green Revolution.

"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."

Tick tock, tick tock, tick tock. . . . .

GLA

Norilsk, Norilsk, Norilsk, it echoed throughout Monchegorsk. . . . . . . .

Perfect time to acquire 15Moz of Palladium equivalent, with the scope to increase to 40Moz being relatively straight forward and a lot of it is covered by Russian exclusivity laws -

"Scalable project - potential to create a new PGM district : 40Moz target resource in district : Well understood geology and access to historic drilling data underpins 40Moz resource estimate"

https://www.eurasiamining.co.uk/investors/presentations

The UK and EU are starting to go to war with petrols and diesels, the transition to fuel cell and battery EV's is all set to accelerate.
A large hydrogen economy requires a large amount of PGM's, and from research from many board posters here, including myself, palladium seems destined to play a crucial part in next gen batteries.

A new dawn is rising and a new demand scenario is forming.

P.S We're throwing in Nickel, Cobalt, Copper and REE's as well. Oh, and, has anyone mentioned RHODIUM.

GLA

Culmination -

noun
1.
the highest or climactic point of something, especially as attained after a long time.
"the deal marked the culmination of years of negotiation"

"As you are aware, our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side to work with the Company through the sale process. This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects."

https://www.lse.co.uk/rns/EUA/interim-report-z4vq8goh3rc2usr.html

CULMINATION ladies and gents.

Parties interested In MT, have been interested for years now. The company has simply taken their assets through development loopholes in order to get maximum value as a seller -

"A detailed work programme for future activities at Monchetundra has been prepared. However since then Eurasia Mining has received two approaches from third parties who have expressed an interest in acquiring outright, or acquiring an interest in, the Monchetundra licence.

The Company has therefore engaged in commercial negotiations with both parties with a view to considering and negotiating a suitable transaction that is in the interests of all parties, but specifically Eurasia shareholders. This process has recently included site visits to the project and from which positive feedback has been received."

https://www.lse.co.uk/rns/EUA/strategic-and-operational-update-7dsdelsdkxz5jen.html

It's crystallise substantial value from our Monchetundra time, ladies and gents -

"Should the Company crystallise substantial value from our Monchetundra interests it would be a highly significant achievement, however whilst discussions continue it is important to progress the asset on the ground. By securing a Discovery Certificate for the licence and by pursuing various exploration and development steps, we believe we can add significant value to our interests and increase the degree of commercial interest, for any parties wishing to engage with the project."

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-k5qgv48x511odqt.html

DLA Piper is the very last part of the formal side of things, the legal purchase & sales contract.

"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."

Tick tock, tick tock . . . . .

GLA

The Russian's chanted as the bidding war went on. A battle like no other for an area to rival the Bushveld. The spoils of war are going to be PGM's, Gold, Copper, Nickel and REE's in abundance. All sides are fighting a noble battle, 7 months the battle's went on to date, and still, the Russian's chant Norilsk, Norilsk, Norilsk!

GLA

CAW's bidding war02 Feb 2021 20:11
Kicked the SP off the floor.

Norilsk, Norilsk, Norilsk, the Russian's chanted as the war went on.

My favourite part was the included timeline of events, it didn't take that long for Norilsk to become victorious -

"On May 3, 2007, Norilsk Nickel made an initial unsolicited offer for all the issued and outstanding common shares of LionOre at a price of $21.50 in cash per share, for a total cash consideration of $5.3 billion. Norilsk Nickel's initial offer was in response to the prior offer of Xstrata plc (of Zug, Switzerland) announced on March 23, which had valued LionOre at $18.50 per common share, or $4.6 billion in totals. Norilsk Nickel's initial offer represented a premium of approximately 16.2 per cent over the Xstrata offer. Xstrata then increased its offer from $18.50 to $25.00 in cash per LionOre common share ($6.2 billion in total) on May 15, 2007, and on May 23, 2007, Norilsk Nickel increased its offer to $27.50 per LionOre common share ($6.8 billion in total), 10 per cent more than Xstrata's offer of $25.00 per share."

Should we expect an approx 20 day bidding war from Jan 14th before news?. A little to and fro between the remaining strongest bidders. That would be Wed, RNS dropped Thurs?, who knows, but at this stage, it really can land at any moment now tbh.

GLA

Is rapidly running out, the sale is almost over in more ways than one lol

GLA

Nothing will stop Norilsk buying Eurasia, nothing will stop the world buying from Norilsk. Nothing ever has and nothing ever will.

The palace story was comedy gold tbh, the big palace which is quite clearly a bilionaires place. Russia has a lot of billionaires. If you ask me, it all just looks like a smear campaign against putin tbh.

I've always found it amusing that Russia is apparently this big bad place, yet millions upon millions of people quite freely choose to live and stay there. It's the big bad guy, because, well, every empire building villian that attempted to take Russia failed. Napolean and Hitler both failed miserably trying to take Russia. Their other targets were ran through like a hot knife through butter. In fact, realistically, if it wasn't for Russia the world would be a far different place today.

Any way, the deal will be done and all will be well.

GLA