Member Info for mac4671

Now where could we find several would-be bidders for 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

"taking into account the fact that EUA is going to be sold in pieces to multiple parties" - there is nothing at all to suggest this is a fact scoobie -

"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.)

There's a reason the FSP was started in the first place ;)

GLA

I would certainly have liked to hear the conversation haha

The second part of gmf's tweet, his reply to the original, says it all. The breakdown of companies that bought, they know something is brewing imho

GLA

on raising more money -

https://twitter.com/GMF782/status/1301888126764355586?s=20

GLA

I bet they're all in there, having a big FSP party, those interested parties. Nibbles, drinks, and big wallets for a big bid.

Christian, Dmitry & co, standing there grinning from ear to ear, as the very welcoming hosts.

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

GLA

"Fomo Fortnight", i like it lol

GLA

We're cruising down the final furlong nicely, and everyone knows what Eurasia have in the ground. Feet up, relax, and watch the BOD and UBS bring it all home :

FSP party, for the multiple interested parties -

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."

Interested in acquiring Company's assets, and our lovely BOD will work with UBS and the other advisers, to EXECUTE the process.

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

GLA

Such a strong picture for the mighty Eurasia ship, then we have not got a scooby flapping around in the water with his arm bands on, completely out of his depth.

Have you managed to do a valuatuon yet not got a scooby?

GLA

"Off-take agreement negotiations are progressing with Glencore (the third largest international commodity trader and resource project investor), Sinosteel (China's state owned EPC contractor and a major mining investor and commodities importer into China) and other major players that cannot be disclosed at this stage, for the entirety of the life of mine output. It is hoped an agreement will be reached with one of these parties in the near future and this agreement will integrate with Eurasia's already agreed, and signed, Engineering, Procurement, Construction and Financing ("EPCF") contract with Sinosteel which includes financing of $150 million as a 10 year facility at 6m LIBOR plus 3.5 per cent."

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/rgj43vr

GLA

MT, more beautiful MT -

"This EPC contract is being advanced as part of discussions with third parties for the sale or joint venture of the project."

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w3d64jx

GLA

"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."

Leads us to, MT flanks, and also this -

"A Detailed Project Design Report was contracted to Central Kola Expedition and approved by Murmansk Nedra in October 2019. The report sets out the statutory work required to complete a detailed Feasibility Study (Russian standard equivalent of a Definitive Feasibility Study) and a revised reserves statement building on the existing Feasibility Study and state approved reserves."

Page 17 for the lovely figure 3, which shows how the studies and various stages add value -

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

It's as easy as 1,2,3, but it takes many years and lots of hard work.

GLA

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

GLA

In MT, have been interested for years now -

"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

GLA

How it works, and why metal prices are important -

"Eurasia has agreed, through its subsidiary Kozvinsky Kamen, contracts governing refining of precious metals from black sand concentrates, and separately, sale of the metal content to EZOCM. The concentrate is upgraded on site at the project in West Kytlim to a concentrate of not less than 60% platinum, and shipped in batches of not less than 500g contained platinum. These are received to the refinery, weighed and assayed and then certified by mutual agreement between the parties. Metals are then refined from the concentrate and are subject to a refining charge per precious metal as indicated above. The metal is then sold to the refinery at 93-95% of London Metal Exchange prices and payment settled in Roubles within 5 days. Contracts will be re-negotiated on an annual basis."

"Concentrates at greater than 60% platinum to be delivered in batches of not less than 500g."

"Platinum refining at a cost of 2.75%, payable by Eurasia, Gold refining costs agreed at 5.5%"

GLA

Many professionals have done their due diligence on Eurasia assets, the most notable for MT will always be this-

"Sinosteel's contract is based on a 2 year due diligence and evaluation of the Monchetundra project."

Everyone who has done due diligence, has came on board.

GLA

Without the economic studies none of it happens Rowka. It's quite a bit more complex than, just, what's in the ground.
It has been in the ground forever, it is only now a very economically attractive asset.

Technology keeps exploration interesting, it is only recently where technology has advanced rapidly (last 20 years), giving any explorer better tools for the job. In the 30's, 70's, 90's etc they didn't have what's available to them now. As technology advances, so does their ability to obtain the most accurate picture.

GLA

Certainly ferg, i hope you get a better nights sleep this evening, and awaken nice and fresh for the notorious FOMO friday.

I hope everyone has a good evening.

GLA

Is good.

Not really interested in seeing people question resource figures and try to attack other posters. We have qualified geologists on the BOD who provide all the figures, they're the professionals here.

We're cruising down the final furlong nicely, and everyone knows what Eurasia have in the ground. Feet up, relax, and watch the BOD and UBS bring it all home -

FSP party, for the multiple interested parties -

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."

Interested in acquiring Company's assets, and our lovely BOD will work with UBS and the other advisers, to EXECUTE the process.

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

GLA

to keep the bed wetters at bay lol

GLA

Good to see -

https://www.apmex.com/palladium-price

GLA