Member Info for mac4671

Years ago a bid had to come in 4-6 weeks. They then over hauled the takeover code and placed in a 28 day PUSU for a normal M&A. But for a FSP with multiple parties, that 28 days does not apply. There will have been an agreement made between all parties about a time frame to have things on the table for, a FSP can't go on forever.

Next Wednesday will have seen 12 weeks passed, we'll see if something lands before then.

GLA

Run things through industry known valuation techniques Headancer, to find out how COLOSSAL -

"In collaboration with the University of Zürich, Swiss Banking Institute and Prof. Dr. T. Hens"

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

You can guarantee that everyone has now valued Eurasia and its assets. Our BOD, any potential buyers, and UBS (UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland), using those industry known techniques.

GLA

Formal SALE process -

"In recent months, Eurasia has received a number of inbound expressions of interest from multiple parties"

"The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company."

"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

The board shuffle is to execute a COLOSSAL 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. "

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".

"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."

"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."

"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."

"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

GLA

Wrong ferg, you can find historical data like Rowka has done. There is a huge amount out there, and that is a massive difference with something like Eurasia. The Anglo JV, and also historical data for the area all says the same thing.

It's all to do with thorough research.

GLA

He's on the executive team here -

https://lybrion.com/

Now called 'digital metals' -

https://lab.lybrion.com/project/digital-metals

GLA

Dwarde, i agree. The BOD here is very high calibre at the minute, and would be great assets to anyone going forward.

Dmitry has all his connections made ready for that green metals crypto adventure, so it could make sense.

GLA

There are some traders on here Mannamead, they swing from one standpoint to the next, all very much dependant on what they're trying to achieve. One minute the BOD are great, the next they are apparently to be questioned. You also get noise makers, they will post over and over again to make informative posts disappear, so that anyone looking in does not benefit from those posts.
They make false thread titles to try and grab peoples attention, ones that go against what has just been released in RNS.

It's all a game to them, but all the info is there for any true investor to read themselves, both in that new company presentation (sales brochure), and RNS.

I don't believe we have much longer to wait, that BOD shuffle is a very clear sign.

GLA

It's all in RNS, there for anyone to read. Again, all part of research that any investor should do before investing in a company.

After hour buys on friday, shows people the level of confidence that others have.

GLA

Sorry, was on the BOD ;) , because, well, it's execution time.

GLA

Not only is he on the BOD, he runs his own investment company lol. To bring another investment banker on board, he gave them part of his investment company -

"Mr. Dmitry Suschov has transferred 25.472% of the share capital of DELOAN INVESTMENTS LIMITED"

That's how confident he is of what is going to happen.

GLA

What i have found odd on here, from time to time, is people questioning the BOD. If you take your car to the garage for repairs, do you question that they will do the job?. You don't do you, because they are the professional in that field. You have a medical issue, you go to a doctor, again, they are the professional in that field. If you want to invest money, you go to an investment banker, because they are the professional in that field. Instead of waltzing on in to some building somewhere to find that professional, we simply have them here on the BOD.

GLA

It's an investment banking game, their show, we're all just viewers of their expert show -

"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."

GLA

Yes ferg, a lot of it is to do with the BOD and their experience, all part of research any investor should do prior to investing in any company -

"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."

These are ex investment bankers, this is their game.

GLA

"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"

As per the official company presentation -

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

GLA

Everything in that board shuffle is to do with executing a sale, nothing more, nothing less.

All hail Dmitry/Moses!

GLA

"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."

The board shuffle is to execute a HUGE 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. "

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".

"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."

GLA

I like it, all hail Dmitry, what a legend -

https://twitter.com/Share_Talk/status/1307247310506725382?s=20

GLA

Oooooosssssssshhhhhh, that's some serious cash being thrown around!

GLA