Member Info for mac4671

Awkward thing to deal with i would imagine, but it does appear held at this area for some reason, and the JUB problem is a possible explanation.

GLA

Ounces upon ounces of PGM's, it's better than gold mining, but wait, we also have gold, nickel and cobalt too.

Ounces as far as the eye can see!

GLA

DMITRY SUSCHOV
Non-Executive Director
Commodities trading veteran (primarily various grades of metallurgical and thermal coals) who has successfully built a major Pulverized Coal Injection (PCI) franchise throughout Asia, Europe and America with an annual turnover of up to $100 million, therby accumulating around 2.5% of the global PCI market share. He is also an investment banker with extensive experience in the Russian resources industry having previously worked with IG Capital, MDM Bank, PricewaterhouseCoopers and Ernst&Young as mining & metals leader in corporate finance for Russia and CIS.

JAMES NIEUWENHUYS
Non-executive Director
James has held senior positions including Chief Operating Officer at Polyus Gold, Russias largest gold miner, and is currently Chief Executive Officer at South African Lesego Platinum Mining Limited. James has an engineering background and has also held senior positions at a number of EPC organisations.

And don't forget about -

ALEXEI CHURAKOV
Strategic advisor to the board
Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has a background in cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A as well as maintaining a hands on approach at operational level.

Big fire power, to get the sale done!

GLA

Nieuwenhuys added: "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." . . . . . . . . .

"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."

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html

SALE SALE SALE, all are welcome at the HUGE PGM SALE!

GLA

"This reorganisation is designed to optimise our execution team"

https://www.proactiveinvestors.co.uk/companies/news/929407/eurasia-mining-shuffles-management-team-to-focus-on-sale-929407.html

GLA

Very well understood area -

"? Well understood geology and access to historic drilling data underpins 40Moz resource estimate"

$$$$$$$$$$$$$$$$$$$

GLA

Fully funded via sinosteel epcf to create the next PGM district, not just an asset, a collosal "Scalable project - potential to create a new PGM district" - "40Moz target resource in district"

This is a once in a lifetime opportunity imho, it always has been.

GLA

For everything, that includes all the expansion at West Kytlym -

"fulfilled its funding requirements as announced via RNS on 18 August 2020 (General Update and Institutional Placing at 22.5p)."

Outline of capacity increases is on its way -

"A more complete update as well as an outline of capacity increases will follow via RNSs."

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

GLA

Simply put, the company had multiple interested parties before the FSP. The FSP was started because of that, the extra time is to allow all parties enough time to form their best bid.

The FSP will not go on forever -

"Dmitry changes his routine Board roles for the role of Chief M&A Officer and together with James will strengthen the management team involved in the work streams with several interested parties."

How much longer do you think they require past the usual 28 day PUSU?. The recent change of Dmitry's position, tells me we're at the action stage imho. We'll see!

GLA

Note 12 Rule 8 -

12. Potential offerors
(a) If a potential offeror has been referred to in an announcement by the offeree
company but has not been publicly identified as such, or if it is a participant in a
formal sale process announced by the offeree company (regardless of whether
it was a participant at the time of the announcement), the potential offeror
and persons acting in concert with it must disclose any dealings in relevant
securities of the offeree company after the time of that announcement (or, if
later, after the time at which it becomes a participant in the formal sale process)
in accordance with Rule 8.1(b) or Rule 8.4 respectively.
At the same time as or before any such Dealing Disclosure, the offeror must
also make an announcement that it is considering making an offer, or that it is a
participant in the formal sale process (see also the Note on Rule 7.1 for when an
immediate announcement will be required). The announcement must include a
summary of the provisions of Rule 8 (see www.thetakeoverpanel.org.uk).
(b) If a potential offeror has not been identified as such, it will not need to
make an Opening Position Disclosure under Rule 8.1(a)(i) or (ii) until after the
announcement that first identifies it as an offeror. However, before that time,
the potential offeror and persons acting in concert with it will need to make
Opening Position Disclosures in accordance with Rule 8.3(a), if applicable. If
members of an offer consortium that has not been identified as such might
be subject to Rule 8.3(c), the Panel should be consulted. In such cases, the
consortium members will not normally be required to make a joint Opening
Position Disclosure which could identify them as such, although any member
who is interested in 1% or more of a class of relevant securities of the offeree
company will be required to make an individual Opening Position Disclosure.
(c) After the announcement that first identifies a potential offeror as such, it
will be required to make an Opening Position Disclosure in accordance with
Rule 8.1(a)(i). Such disclosure must include details in relation to the relevant
securities of the offeree company or any securities exchange offeror, even
if certain details have previously been disclosed by the potential offeror or
persons acting in concert with it in accordance with Rule 8.3.

GLA

"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

More news to come, always good to see -

"A more complete update as well as an outline of capacity increases will follow via RNSs."

GLA

Here he is coming with his last hand of the game -

https://www.youtube.com/watch?v=JpvW1T7hXjo

Ohhhhh Dmitry, Dmitry is our man
He'll make those shorters cry blood, then all shareholders will kick back with a celebratory can. . . . . .

GLA

Officer Dmitry, Dmitry is our man
If anyone can bring that big deal home, it is officer Dmitry who surely can. . . . .

GLA

Total target resource in license area - 22.6

That's an upgrade.

GLA

I'm glad to see this bit. You do worry a little with large gaps between news -

"There have been no cases of COVID-19 at Eurasia's operations"

I'm glad the whole work force is safe and well.

GLA

Lovely jubly, but not to JUB lol

"• Scalable project - potential to create a new PGM district
• 13Moz target resource in Flanks area and 40Moz1

GLA
target resource in district"

All are to report on deck to salute the officer -

"Dmitry changes his routine Board roles for the role of Chief M&A Officer and together with James will strengthen the management team involved in the work streams with several interested parties."

GLA

The man behind the master plan!

The FSP is the official business end of what was started last Oct -

"The Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019. The interest from the Banks is originating from the recent palladium acquisitions namely Stillwater for c. US$2bn by Sibanye in 2017 and NAP for approximately CAD$1bn by Impala Platinum earlier this month. The title of the slides for investors prepared by VTB Capital is as follows: "The Last Non Consolidated Palladium Play"."

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html

"decided that launching a formal sale process under the Takeover Code is in the best interests of shareholders, which could result in a sale of assets or the Company"

Christian Schaffalitzky, Executive Chairman of Eurasia, commented: "The Board remains focused on maximising shareholder value, and, after receiving approaches from multiple parties interested in acquiring Company's assets, has decided that launching a formal sale process under the Takeover Code is in the best interests of shareholders, which could result in a sale of assets or the Company. The Company will work with UBS and its other advisers to execute the process."

:-

"However, for companies with a small number of valuable assets, a would-be farm-in partner or asset purchaser might instead consider buying the whole company, meaning that the transaction then becomes a public M&A process subject to the Code. If several would-be bidders for the company emerge, an FSP may be the most desirable means to pursue that process."

https://www.lexology.com/library/detail.aspx?g=886cfad0-7f5a-4577-87e8-9136cd83b835
(Click the 'view original' tab after following the lexology link, if it doesn't take you directly to the article.)

FSP party for the parties, champers and nibbles all round -

"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

Would sell at this stage. They would almost have to be clinically insane to do so.

GLA