Member Info for mac4671

Could land at any moment.

This isn't a new situation, we've had investment bank interest since oct, we're just now at the formal side of things.

There has been interested parties in Monchetundra for years now, they'll be chomping at the bit by now.

GLA

UBS and Citic Merchant signed up on a success fee basis, kind of swings things in out favour JAMSARAL.
Banks never work for nothing!

They also brought this ex senior investment banker on board, quite early on in all of this. He's used to working at the very top level -

"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."

GLA

This is just the small part of the wait for me Rowka, can do it standing on my head lol

The time it dipped into the 0.2s was a good test of how confident people were in their research at the time, and a real test of patience!

GLA

I bet their chat board is full of the de-ramper types over there, it's probably made for a nice peaceful day here tbh.

They will be the target of the next 'short attack' no doubt.
GLA

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

GLA

Anglo know all of this, have seen all the exploration data years ago, which is why you can't rule them out from throwing in a bid.
At the minute, my thinking is, can they muster something up that would compete with a 'Russian conglomerate vs Chinese conglomerate' bidding situation?

It's why it's all so exciting.

GLA

*exploration in Anglo JV days.

GLA

Certainly is Rowka. The resource numbers we see now, do not include the metals in that potential underground mining scenario. The resource numbers we see are purely attached to the current open pit mining plan.

They could mine in that area for a very long time, you've came to the same conclusion with the geological resource you've done Rowka.

They may have a resource figure for that separate underground mining zone in the 'for sale brochure'. Why?, well because it is clear that they have explored the zones via exploration imho.

GLA

It's a lot more than just buying a resource here. China need to secure supplies for their emission targets, Norilsk have palladium market control, both sides need the asset for different reasons, but both will be equally as hungry.

Both sides will know it as well, that's why we may all get a shock with what actually ends up happening here imho.

GLA

It will be the same on the chinese side if they're wanting to have a pop at it, they'll try and take it on as a conglomerate which will include some form of state level imho

That is my opinion for MT anyway, there could be a whole host of contenders for WK.

GLA

They'll take it on as a conglomerate including Rostec Shedulike, and as such, will have plenty of funds for a bid imho

GLA

NN wouldn't let a strategically significant resource opportunity go under any circumstances. They have had a large sum in mind for expansion for quite some time now -

https://www.ft.com/content/c5a68936-fc83-11e8-ac00-57a2a826423e

They won't end up paying anywhere near the bill currently being proposed imho

GLA

Years and years worth at MT Folio -

Zone 2 allows for underground mining once the current planned open pits have been depleted. Years and years of metals at MT :

"Zone 2 emerged as having underground mining potential, delivering grades increasing with depth from 4m at 1.7 g/t Pt+Pd at 75m depth to 3.6m grading 8.4 g/t Pt+Pd at 190m depth."

https://www.proactiveinvestors.co.uk/companies/news/226/eurasia-mining-revisited-0188.html

GLA

I would imagine, the 'for sale' brochure the buyers get to look at, has all the additional metal credits listed.
Cobalt has been mentioned in their interviews as well, for example.

MT is a very unique asset, but also, don't forget about WK, even with just adding Tipil it goes to a massive 117km2 land area, and is churning out PGMs and gold.

GLA

Money, the 15Moz is a palladium equivalent resource number, so no ratio aspect is needed. You then have other none PGM metal credits on top, nickel etc.

When you value you need to take that into consideration.

GLA

As a LTH here, i can assure you that it is a far greater board experience when you filter the likes of the one some are currently replying to.

They sharp disappear when filtered and have no one to talk to.

GLA

Glad to see you and your banta back Tilly.

We might have to start a 'Biggest Bot Fly Upsetter' award for the end of this final furlong. There's a few good board posters in with a chance so far lol

GLA

You're very welcome selecta6, there is quite a bit to take in about this company tbh.

All the best to you.

GLA

By gmf78, on his most likely bidders -

https://www.powerof78.com/2020/07/19/eua-potential-bidders/

GLA

kerchingerite, i like it lol

GLA