Member Info for mac4671

Why have pointless conversations, when they clearly can't comprehend what is written in RNS?

Some funny types appearing on here at the minute, i wonder why lol

GLA

No one has mentioned a price lol. I have however provided the tools for anyone to make their own valuation with known industry methods. I can't be any fairer than that.

GLA

Pubs shut at 10pm where i am now, so it's fairly pointless going for a pint or two. Leaves my free to fettle the green box types all weekend lol

GLA

People do know what's going on, it's in RNS. NDA's were singed by parties wanting to acquire MT, it's in RNS -

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

No w Dmitry is concentrating on our side of that acquisition -

"The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the Company's Chief M&A Officer on the M&A work streams with Eurasia's professional advisers."

But wait, james is to also focus on the sale -

"Christian Schaffalitzky, Eurasia's Executive Chairman commented: "This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James's focus will be to work with our advisers on the sale process. "

The sale of what, Mochetundra and West kytlim, like he states -

James Nieuwenhuys, Eurasia's CEO and Executive Director: "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, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders".

All in RNS, and all very easy to read.

GLA

Have fun in the green bin calamari, very very lame. In a acquisition, guess what, there are two sides, one selling and one buying. Can you guess which side Dmitry is concentrating on?. Perhaps another board member who can see your reply can give you a badge if you answer correctly lol

GLA

It really isn't rocket science calamari -

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-jtwyvaxxdax49q0.html

GLA

Did you even read the takeover code lol

"2. Formal sale process
Where, prior to an offeror having announced a firm intention to make an offer,
the board of the offeree company announces that it is seeking one or more
potential offerors for the offeree company by means of a formal sale process,
the Panel will normally grant a dispensation from the requirements of Rules
2.4(a) and (b) (but see Note 12 on Rule 8) and Rule 2.6(a), such that any
potential offeror which agrees with the offeree company to participate in that
process would not be required to be publicly identified under Rule 2.4(a) or (b)
and would not be subject to the 28 day deadline referred to in Rule 2.6(a), for
so long as it is participating in that process. The Panel should be consulted at
the earliest opportunity in all cases where such a dispensation is sought."

GLA

No calamari, a fsp is started when there are multiple interested parties. If there is one, or it gets down to one, it's a m&a lol. You really need to brush up on these things.

GLA

Here calamari, just for you - acquisition : an asset or object bought or obtained

GLA

No it really isn't calamari, what do you thing the acquisition part pertains to? lol

GLA

Bottom of page 7 for example, where it lists the sources -

"Brebner, Daniel/ Tanners, Timna/ Snowdowne, Andrew: UBS Investment research, Mining and Steel
Primer, June 2008"

We are in a FSP ran by UBS, that valuation link is full of info that has been sourced from UBS.

Like i've stated a number of times now, i encourage all investors to go through that pdf. It will also give you a better idea of what gmf78 has done with his valuation.

GLA

No no franny, it shows you how to value a mining company at any given stage. Discounted cash flow is the suggested method at a certain point. It covers that and other valuation techniques for various mine stages.

GLA

Yes, that's the one musso, thank you. And it shows what happens once an offer comes in, in terms of where the sp will move to in relation to any offer. It's a great example for that imho.

GLA

There was a company recently in a FSP, i forget the name, but they received an offer at 160% higher than where the sp was. The sp is pretty much irrelevant in these situations, as it is the assets, and what stages they are at, that they are primarilly valuating. DFS's, PFS's all add value. Take the time to read through that PDF, you will learn a lot imho.

GLA

That is what you use to value a mining company Dufry, what more do you need?. That is the industry known ways of valuating, anything else is just noise.

GLA

Work it out yourself -

https://www.valuewalk.com/wp-content/uploads/2015/06/Valuation_of_Metals_and_Mining_Companies.pdf

All the tools needed are in that pdf.

GLA

People can read it as many times as they need -

"focus as the Company's Chief M&A Officer on the M&A work streams" - there can only be M&A work streams if a M&A is happening.

It's all there for anyone to read in RNS.

GLA

The thing to concentrate on is this Frank -

"The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the Company's Chief M&A Officer on the M&A work streams with Eurasia's professional advisers."

"Mr Suschov has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals."

There is only one reason why he has to concentrate on M&A at this stage, there is NO other reason.

GLA

Raharh also provided a real life example that suggested a 12 week period -

"mac - i agree in part with you. Having been involved in a four way sale of a company (to private equity - not public listed) that sold for just over £1bn we had a formal 12 week process that was run by the M&A bank. The fireside chats were happening long before that (3 months or so) lining up PE houses, so they came warm to the table.

The process basically ran as a two week entry process (we had 9 involved) with NDAs and access to data room before initial offers were put in. Anyone below 900m were rejected and we went down to 5. Then we had full day presentations from the BoD to the PE houses that were scheduled in the same week (5 days of my life I will never get back) - one dropped out and did not attend.

From week 5 onwards it was DD and loads of questions.

Closing offers were due by week 10, however one of the PE houses broke rank in week 8 and put a number on the table that the BoD and the current PE house were happy with and the process was abruptly ended much to the dismay of some of the other bidders - but the new PE house got in there with an offer that was above the target sale and sufficient enough to do the deal.

I have a twelve week window in my mind from 1st July but now we are in week 6 onwards, for me we are in the heat of the battle now if there are multiple bidders.

All I am saying is that if someone really wants it and does not want the bidding war an offer could land that sets them apart and basically shuts the process down - which is why it could happen at any time."

If it lands as per his provided timeline, he will be known as Raharh the great lol - "closing offers were due by week 10"

GLA

Not 100% though Frank, some have been known to take longer. But the buyers came into the FSP warm, they had signed NDA's for monchetundra before the FSP was started.

I believe someone tweeted shortly after the FSP started, that the average time was eighty odd days, from memory.

GLA