Member Info for mac4671

All 'FOR SALE' to the highest bidder.

Not only is there the massive monchetundra asset with potential buyers governed by NDAs, there's the producing West Kytlim asset which is knocking out PGMs and gold daily.

All for sale to the highest bidder.

GLA

Right asset, right place, right time -

https://www.researchgate.net/publication/257307181_The_PGE_Ore_Mineralization_in_the_Monchegorsk_Magmatic_Layered_Complex_Kola_Peninsula_Russia

GLA

at Monchetundra -

"The total amount controlled by Eurasia and under flanks exclusivity right application is c.15Moz of PGM as per the State Cadastre with an additional c. 4Moz also within the 5km exclusivity area."

NDAs are already in place for this gem of an asset!

GLA

New production target for Monchetundra, you can only arrive at a new production target by making a new mining plan, there is NO other way -

Mine life: >20 years

Target production: 1,000koz at full capacity

GLA

Competition is off the CHART, NDAs are already in place for MT, i repeat, NDAs are already in place for MT -

"Parties with a potential interest in making a proposal should contact UBS (contact details as set out below).

The interested parties shall be invited to submit their proposals to UBS. It is currently expected that any interested party wishing to participate in the formal sale process will, at the appropriate time, be required to enter into a non-disclosure agreement with Eurasia on terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties participating in the formal sale process, before being permitted to participate in the process. 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."

GLA

Could you be affected by maximised shareholder value?

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."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-s2dz3bhew85fz5j.html

GLA

I enjoy seeing them A1EX, they let you know what's happening on the ground, which to me gives the clue that they've ramped up asap at WK to give a more favourable estimated ebitda figure for the season there.
It's half way through july now so they've had a very good run at production up until now and will have established a average daily production figure.

GLA

Absent of further news is a fair statement i would say SA.
The new MT production target suggests something else has went on in the background, to me it's a fairly big giveaway in that respect tbh.

But with nothing concrete, you can only speculate on what you can and are allowed to see, that new production target being a several fold increase to the last one and dropped into the RNS before the sale RNS.

We'll just have to wait and see exactly how it plays out, but with fairly direct statements in RNS, placing yourself in their shoes and asking yourself 'what would i do?', then in my eyes it's fairly straight forward -

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 the 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."

Great post by the way.

GLA

Very conservative Andre, that's why i've been trying to convince people to do their own calculations -

"We have assumed,
arguably, a rather modest total production estimate, completely ignoring any upside
to mineral resource estimates from the ongoing exploration program at both the
projects and the proximity areas."

It would be interesting to see where they would land with the new MT production target for example.

GLA

GLA

https://www.investopedia.com/articles/active-trading/042114/overbought-or-oversold-use-relative-strength-index-find-out.asp#:~:text=The%20Relative%20Strength%20Index%20(RSI,a%20stock%20or%20other%20asset.&text=An%20RSI%20reading%20of%2030,an%20oversold%20or%20undervalued%20condition.

GLA

If people look to accumulate a position, they should be looking at as much analysis as possible in all honesty, trying to buy on any dips.

Not everyone got in during the good old days like myself and a few others, some have only recently got in and are still looking to build their position further.

GLA

You should always be interested in SP, RSI at certain times etc, as they can give you a better picture of what's going on KJ.
They're not just there for traders.

GLA

No idea Nitrokev in all honesty.
But there may be a lot that have been accumulating and are waiting until the last minute to disclose so we will see their hands exposed.

GLA

It is just 0.05p below fridays close, nothing to be worried about, both thursday and friday were large sp climbs so it would naturally consolidate at some stage.

Deadline day tomorrow for 1% and above position disclosure before 3:30pm as per the FSP. Could be quite an interesting day tomorrow, fingers crossed.

GLA

Sibanye acquired Stillwater in May 2017 for $2.2bn - paid 15% in-situ resource.

Implats acquired North American Palladium in Oct 2019 for C$1bn - paid 12.3% in-situ resource.

https://www.miningmx.com/news/platinum/38824-how-does-implats-lac-des-iles-stack-up-against-sibanyes-2017-stillwater-deal/

GLA

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Will we make it into the list once the deal is done?. I very much hope so -

https://www.fintechfutures.com/2020/04/2020-review-top-10-ma-deals-this-quarter/

GLA

Great sign of confidence is UBS currently doing very well this year -

“Interestingly, Rothschild & Co and UBS recorded a growth of 52.07% and 63.07%, respectively in Q1 2020 over Q1 2019, with their involvement in two megadeals each.”

As provided by clueless -

https://www.verdict.co.uk/private-banker-international/news/deal-news/top-20-global-ma-financial-advisers-for-coronavirus-hit-q1-2020-revealed/

GLA

In my filter bin of doom now.

Hoping, like everyone else, for a nice move towards 43p once this consolidation has finished.

Great assets, Great BOD, Great metal prices, Great investment banks signed up on a success fee basis.

There is honestly nothing here not to like, they only thing required right now is some patience while this stage of the M&A gets done.

GLA

No matter the shake, no matter the ridiculous posts that appear on here, always remember that the BOD have but one aim, and that is to maximise shareholder value -

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."

GLA

Yes, the covid dynamic will of brought an increased interest, companies have to guarantee supplies to their customers. One way to do that is to target open pit resources, which are safer to work due to the ability to socially distance.

It's not just right now they are thinking about either, it's the future, any other possible waves and any other possible pandemic threats. The whole thing is a big eye opener for everyone tbh.

GLA