Member Info for mac4671

In fact it wasn't, that has WK approvals mixed in with it at the time, so i'm not entirely sure. It's hard to get any form of an accurate picture from historical RNS tbh, as even with the first WK flanks they had to submit some additional info before receiving them.

I guess they will come whenever they come.

I take it from the recent annual accounts that it's in the bag though, they wouldn't include new mining target figures if they thought it wasn't.

GLA

Timeline for the original MT, from final sign off, was this -

29th Jul 2015 7:01 am RNS Monchetundra Operations Restarted
9th Jul 2015 2:30 pm RNS Full Exercise of Warrants by Metal Tiger plc
9th Jul 2015 10:58 am RNS Issue of Equity
8th Jul 2015 2:00 pm RNS Approval of Licence and Restoration of Trading
8th Jul 2015 2:00 pm RNS Restoration - Eurasia Mining Plc
8th Jul 2015 9:59 am RNS Stmnt re Share Price Movement
8th Jul 2015 9:45 am RNS Suspension - Eurasia Mining Plc
30th Jun 2015 4:09 pm RNS AGM and AGM Statement
24th Jun 2015 7:00 am RNS Mining Licence Update - MNR Approval

That may give a better idea?

GLA

Although there is a dec 7th date mentioned, there is no RNS, the RNS was on the 4th and stated this -

"The application has been approved by the Russian federal bodies and requires only a formal meeting of the local mines commission."

So in december they were waiting for that meeting for Tipil. I assume Covid may have slowed that down a bit, while Russia decided how it would deal with the pandemic.
You'll note from the April extract, that there is no meeting required for MT, but they have been in constant contact with Sevzapnedra by the look of things, and in the same RNS it states that they simply await the issue of the license.

GLA

That's the RNS timeline for the apps, but MT seemed to be signed off at the first bodies quite a bit faster than Tipil. They seemed to arrive at the final license issue bodies at approx the same time, and was dropped in an general Update RNS April 9th -

26th Sep 2019 7:00 am RNS Monchetundra Flanks Application Submitted
16th Sep 2019 7:00 am RNS Senior Management Team Appointment
13th Aug 2019 7:00 am RNS Monchetundra Update Sinosteel EPC H1 2019
24th Jun 2019 11:12 am RNS Issue of Equity & Directors' Holdings
20th Jun 2019 2:12 pm RNS Result of AGM
17th Jun 2019 7:00 am RNS Application for Tipil license lodged

From April 9th -

"Tipil Area at West Kytlim

The Tipil area is immediately adjacent and to the west of the West Kytlim Flanks application area. The potential for further discoveries of palladium, platinum, rhodium, iridium and gold is supported by past exploration data and extrapolation of resource and exploration work on the neighbouring Ust-Tylai area of the current mining license. The Tipil license area has achieved approval at all federal agencies (see RNS dated 09 December 2019) and awaits a formal issue of the appropriate license.



MONCHETUNDRA

As previously announced the application for the Flanks areas at Monchetundra received Ministry of Defence approval (see RNS dated 17 December 2019). Approval by the Federal Security Service (FSB), the last remaining federal body, whose approval is required for the flanks licence application, was also subsequently confirmed to the Company by Sevzapnedra. The Directors expect the license to be issued by Sevzapnedra soon as per standard process."

https://www.lse.co.uk/rns/EUA/general-update-2v4nogg7jxdqz4q.html

That's as accurate as i can be.

GLA

Certainly big money being churned through, it's all great to see as we move to the next level.

GLA

It wasn't me who stated 10 days GFD.
But, if the BOD say they're happy with the progress, then they're imminent in my eyes. We'll just have to wait and see.
I think this week or next for the MT ones personally.

GLA

Shorters over there, with their new charcoal complexion lol

GLA

No one wants to miss the final journey of the eurasia palladium and rhodium train, no one, choooooo chooooooo!

GLA

Such an exciting place to be EE, every day is a day closer to something landing on the table as well, deal wise!.

When flanks land, i may have a little celebration lol

GLA

Tipil is just the taster EE, i wouldn't worry too much about it, watch what happens when MT flanks land.

What it shows, is that licensing is incoming, there are no issues with getting licenses at the moment, MT flanks is next to land.

GLA

For some reason, LSE RNS links seem to have changed, here -

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-k5qgv48x511odqt.html

GLA

Hey, over here, the one hole that is said to be touching part of the larger NKT complex -

Who likes a BONANZA?

At MT -

Mt-086

49.0-50.1

1.1

12.28 GOLD

6.52 PLATINUM

98.8 PALLADIUM

2.13

0.15

https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-vb2ceddp6ckwuq5.html

GLA

NKT is west nittis flanks. Norilsk were part of the exploration there and also the gov body.

GLA

Speaking of metals, did anyone notice palladium price today -

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

GLA

I like rhodium mike, do tell me more about that rhodium at eurasias assets.
I do recall Dmitry himself metioning it in interview at one point. Seemed to be to remind people that it's not just about the palladium there.

GLA

Which massive player will bulk up using Eurasias large assets, i'm sure we'll all find out in the not so distant future.

FSP well under way, just pop the feet up, sit back, and wait for the bids to officially land on the table.

GLA

Mega deals, i like the sound of those, it's handy that UBS are accustomed to doing such things, isn't it? -

https://amp-ft-com.cdn.ampproject.org/v/s/amp.ft.com/content/59378fea-79a9-4684-ae03-a41798a6245c?amp_js_v=a3&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15970648476521&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.ft.com%2Fcontent%2F59378fea-79a9-4684-ae03-a41798a6245c

GLA

Plenty info out there, research as much as you can and then decide what you want to do.

https://www.powerof78.com/eua-gmf78-research-report/

GLA

I like the idea of execution, execution of the deal -

"As your partner, we will support you throughout the entire sales process, from preparation, contacting of potential purchasers, due diligence and sale negotiations through to signature and closing. You benefit from a first-class, one-stop advisory and execution service."

https://www.ubs.com/ch/en/swissbank/corporates/corporate-finance/m-and-a.html

It's been all about the 'execution' for some time now ladies and gents -

"We are also delighted to welcome Iain to the Board, who as a qualified lawyer and M&A practitioner will strengthen our execution team, while we are making progress on our M&A plans."

https://www.lse.co.uk/rns/EUA/appointment-of-nomadnew-ned-and-suspension-update-tw5x255sbfsj7gv.html

GLA

Leads to everyone getting paid a handsome sum -

"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."

https://www.lse.co.uk/rns/EUA/restoration-of-trading-on-aim-ilk6kjyqiv7ihse.html

Also, don't forget the ex investment bankers on the BOD. This is an investment banking game, they're the professionals in the field, they all know exactly what they're doing -

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.

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.

A bidding war is very much available within a FSP -

"As such, a competing bidder can always make a higher bid and the board of the target company can always withdraw its recommendation."

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.)

"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."

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-s2dz3bhew85fz5j.html

GLA