Member Info for mac4671

Please sir, can we take a look at Loipishnune and the wonderful exploration marks in the area -

https://www.google.com/maps/place/Monchegorsk,+Murmansk+Oblast,+Russia/@67.8631136,32.7600277,2464m/data=!3m1!1e3!4m5!3m4!1s0x4431761ebd85e72b:0xdbf5f7a54ca1b697!8m2!3d67.943134!4d32.8919562

#megadeal

GLA

Wonderful RNS information today, i hope everyone spotted this little gem slotted in -

"Flanks to the deposit at Loipishnune - falling within a prior exploration license and drill tested by Anglo American Platinum Joint Venture ('JV') - ore zones occurring up dip and on strike from current resources - Murmansk Geological Archive numbers 18,20,21 - total of 11Moz"

GLA

So, in the middle of a pandemic do you think the reliance on megadeals will be greater?

It's clearly a rhetorical question.

GLA

leave this here -

"M&A bankers are relying increasingly on a few megadeals to sustain revenues. Transactions above $10 billion in value accounted for nearly one-third of deal volume in 2019, the highest percentage on record, Dealogic reports."

GLA

I think we can all now rest assured that the BOD have been working very hard for maximum sale value -

https://www.instagram.com/p/B-ZhwV-jEjC/

GLA

If you are like me and like RNS -

"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-9jxlv98khqhae4b.html

GLA

That's what it looks like to me, the formal process of starting a bidding war, all expected and very exciting, especially in the present climate.

GLA

throughout. That NDAs would be in place -

"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."

This is going to be MASSIVE imho

GLA

Feeling silly yet? lol

GLA

To secure palladium assets -

https://tass.com/economy/1173375

Will news come about our fast to production MT asset next?, exciting times!

GLA

It sat around the half a penny area for years, the whole time they had told everyone via RNS back in 2015 that there were interested parties and eurasia wanted to get maximum value from MT.
To know that, and to know how much exploration went on during anglo JV days, made this not only the most exciting on AIM but also the least risk by quite a margin imho.

I'll be a little sad when it's all over because they really have done everything they possibly could have done after anglo sold their share, not only to get WK to production but to get MT developed to where it is now and potentially on the cusp of selling a potential 15Moz palladium equivalent asset!.

For a tiny mining minnow, if they pull this massive sale off, it's pretty remarkable tbh.

GLA

Now here is an assumption -

The banks assessed lesegos proposals and were confident of getting a better deal, and that is what they've been working on ever since.

"In the Company's announcement of 16th September 2019, it was noted that the appointment of Mr. Nieuwenhuys to the board would only occur if a potential transaction with Lesego Platinum was to progress. The Company would like to reiterate that there has been a change of approach at board level, and at this stage, there is no intention to enter into any arrangement with Lesego, although both companies continue to keep this under review."

https://www.lse.co.uk/rns/EUA/appointment-of-director-and-west-kytlim-update-cie339d92gz2x2p.html

GLA

Not sure thrift, but we do know that they were also assessing whatever came from lesego -

"Eurasia, an established producer of palladium, platinum, iridium, rhodium and gold is pleased to announce that CITIC, one of China's largest investment banks and VTB Capital, one of Russia's largest investment banks (together the "Banks") have already started (even prior to signing their respective engagement letters) assisting the Company with strategic options for its current mining assets (the Company's Kola and Urals assets (the "Assets")), including assessing the proposals set out in the announcement on 15 September 2019."

Lesego JV -

"Lesego Platinum due diligence and CEO site visits of both Monchetundra and West Kytlim



Mr. Churakov has recently helped to arrange detailed due diligence and multi-day site visits by James Nieuwenhuys, CEO and Director of Lesego Platinum as part of the Lesego Platinum's evaluation of both Monchetundra and West Kytlim projects. Over the past few months Lesego Platinum performed due diligence of Eurasia's assets accompanied by several days of visits of Monchetundra mine and Eurasia's office in Ekaterinburg to study the West Kytlim mine.

Over the course of the site visit, Lesego Platinum studied and evaluated infrastructure availability and logistics access, drill core samples, results of laboratory test works along with other information and raw data, which form the ground for assessment of both Monchetundra and West Kytlim projects to consider, amongst other options, potential partial acquisition of Eurasia's subsidiaries and joint venture opportunities at the sites. Despite the synergies and the motivations of Lesego Platinum, there can be no guarantee that any transaction will occur. Further updates will be provided in due course including the potential of James Nieuwenhuys joining Eurasia's board if these matters progress. This appointment is subject to customary approvals, amongst other things, due diligence on James Nieuwenhuys, contracts and Nomad checks. Further updates will also be provided on this if it progresses.

Lesego Platinum owns, what the Directors' rate as a world class PGM assets located some 300 km North-East of Johannesburg, at the northern end of the Eastern limb of the platinum rich Bushveld Complex. James Nieuwenhuys, its CEO and Director, has significant experience in Russia including 5 years as Chief Operating Officer for Polyus Gold, the largest gold producer in Russia and held Managing Director positions in two of the most active EPC organizations, being Bateman Projects and SNC-Lavalin."

https://www.lse.co.uk/rns/EUA/eurasia-mining-plc-senior-management-team-appointment-i84vpyiztdgkr4i.html

GLA

Even the EPC was put in place to get a deal done, again it's all in RNS, the official communication line to the market and shareholders -

"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

July 2015, this shows you what they've been doing, they have been working towards maximum value from MT, there has been interest in it for years now. The development process is just quite slow, that's the nature of mining -

Christian Schaffalitzky Managing Director of Eurasia Mining said: "We have received a significant amount of interest in the Monchetundra asset from third parties and detailed discussions are continuing.

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.

We will provide regular updates on our work and any corporate matters related to our projects. We also look forward to releasing further information in respect of West Kytlim, Monchetundra and in respect of additional opportunities, in the near future."

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

They bought anglos share and then received pretty much instant interest in MT, It's all there for anyone to see in RNS.

GLA

Look guys, there is NO ASSUMPTION, we've been directly told vis RNS in the past -

"The Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019."

GLA

It's not really an assumption EE, there have been interested parties in MT for years, and the VTB pitch quite clearly states "The Last Non Consolidated Palladium Play".

Their interest has to come to a conclusion at some point, that is not an assumption, that is just how it is.

GLA

Flanks have been confirmed, they were just waiting for the license to be issued -

"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."

GLA

RNS times. With eurasia one can land at any time of the day.
I'm not saying that it will, but they should be putting out a RNS, even if it just explains about any extension as it's the official line of communication to both the market and shareholders.

GLA

progress on our M&A plans."

GLA