It's all about the pie, make sure you have plenty18 Jan 2021 08:59
Serving nice and hot slices of Culmination pie.
Form a orderly queue, get them while they're piping hot lol
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