Member Info for mac4671

maybe i should not have slept in today!

Catch up mode activated lol

GLA

Quite rightly disputing the calculation -

https://www.nornickel.com/news-and-media/press-releases-and-news/nornickel-disagrees-with-methodology-for-calculating-damage-caused-by-the-diesel-fuel-spill/

Their expansion plans still put them at the top of my 'would be suitor' list, but by no am i underestimating any of the other potential suitors in this present climate.

It's all very exciting to be at this 'for sale' stage. Every day is a day closer!

GLA

Have they finally retreated whence they came?

GLA

“It is much harder to see opportunities in the short book, either in terms of generating specific value or as a hedging offset to the long investments,”

GLA

https://www.ft.com/content/a38b806d-13d7-4f9e-9b94-da1e43e33b44

GLA

That's it, covid is on everyones minds, right now and going forward, for us, and for the BOD of eurasia and any company looking to put their bids in.

As we're all sat now hoping that a second wave doesn't come, the reality is that businesses have to make preparations in case one does come. The NHS for example is preparing for a second wave, that really is just the very unfortunate position every one is in at this precise moment in time.

So what do PGM businesses do to lower the risk of it crippling them financially?. That's the question they will all have on their minds.

GLA

Where have i wished that joey?. Unfortunately the second wave scenario is a strong possibility, you have to accept that and then try to understand how one may effect things.

GLA

Neither would i joey, but if you were sat in a big company's shoes and needing to try and limit the damage of a second wave, and also aid the recovery of your company after any pandemic, then you would potentially seek low cost, fast to production/already producing, assets which can also be worked in a safer socially distanced manner.
Customers still need supplies.

GLA

AP project, that is all. Why do you think they can't give any further details on it, NDAs existing for MT perhaps?. Logical explanation since they have been confirmed to exist via RNS. AIMHO

GLA

You have to remember that the big boys need to provide secure supplies to their customers, which in turn makes eurasia of great strategic significance for many companies right now. S.A will takes years to get back to normal, that's as of right now, throw in a second covid wave and S.A problems only increase further.
All open pit at eurasia and so it's very easy to work in a socially distanced environment, that in itself is worth a huge bid right now.

GLA

A bidding war is pretty much a foregone conclusion for eurasia, MT alone will be a highly sought after asset, and add in a asset which has carried on producing all the way through this pandemic with WK and eurasia is sat in a very unique position.
AIMHO

GLA

Before oct 24th this board was a very quiet place, just a handful of posters like myself who had been here for years. We were waiting on news of the Sinosteel contract being drawn down when the bank RNS landed, before the bank RNS there wasn't much action here in all honesty.

GLA

24th oct - 11th feb isn't a long time, especially considering trading closures over christmas etc, and that's the window where all the attention was brought to eurasia.

GLA

Sirius had a long time of trading at high prices though, which in turn would of brought a lot of institutions etc on board there.
People seem to forget that eurasia were a half penny stock in oct before all of this started and were suspended in feb, so didn't really have much time to get on peoples radars.

The forms will come, but i wouldn't expect anything near the amount that would of been over on sxx at the time.

GLA

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

GLA

Not really worried about how fast forms come in withoutt, as long as they're in before the 10 day deadline it really doesn't matter.

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

"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

Takeover code is all new to me, i'm just a humble P.I looking to make a couple of quid.

Section D is where 2.6 is at. I might read through the entire thing to try and further understand it.

GLA

https://www.thetakeoverpanel.org.uk/wp-content/uploads/2008/11/code.pdf?v=7Nov2019

GLA