Member Info for mac4671

What would you do with cash when the world's gradually going into a coronavirus lock down?

GLA

You do know what's going on from Mr. Churakov's statement to kommersant.
Kommersant is a top business paper in russia.

GLA

It's not a pickle, it's far from it!. We are currently immune to all market turbulence caused by coronavirus panic.

GLA

The silence is due to the current negotiations pertaining to interested parties wanting to acquire eurasias assets.
NDAs will be in place and so silence is to be expected until negotiations are finished.

GLA

You do realise how Mr. Churakov is being paid right?

If not, go and find out.

GLA

So the question is, do you trust an ex goldman sachs senior investment banker who has the same interest as the shareholders of eurasia?

GLA

They have not been silent, they've told you via different means - this is what's going on :

" The current negotiations are primarily related to the interest of partners in acquiring assets belonging to the company itself " said Mr. Churakov

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.

https://www.kommersant.ru/doc/4261491

GLA

P.s The shorters would of made money as well, no real shareholder here wants that tbh, do we?

GLA

Suspension is where you want things, why you ask, well because what do you think the residant shorters would be coming up with now?.
I'll tell you, they would be suggesting things like - the BOD are selling shares and that's why it's going down etc etc, quick you better all get out etc etc. The twitter stories would be many and very fanciful!.

GLA

Our BOD has ex investment bankers, the deal is being brokered through 2 investment banks, they know exactly what they're doing!.

GLA

What you have to ask yourself however, is will Norilsk Nickel allow a palladium rich asset on its doorstep get away without a fight?

GLA

Sheldulikes post may answer yours investor, the chinese!.
They have already blamed pollution for a lowering of peoples immune system, they may just throw bucket loads of cash at things that they deem will help with pollution.

GLA

That's exactly right shedulike, back to business as usual ASAP.
It's just a blip for palladium, the deficit remains and so does the global fight to lower emissions.
You will always get some who panic sell things, but the savvy will buy at bargain prices!

GLA

https://www.statnews.com/2020/03/11/researchers-rush-to-start-moderna-coronavirus-vaccine-trial-without-usual-animal-testing/

GLA

Any large company which understands that the supply deficit has not changed investor.
The coronavirus is a short term blip, the chinese have already been through the worst of it.
What do you think will happen when a vaccine is announced for example?

GLA

It's brutal, but it will recover at some point.

Deficit remains, paris agreement to cut emissions remains etc.

GLA

Once a deal figure is on the table and it is relisted, it doesn't matter what happens with the market, it won't effect the sp.
It will be one of the only stable SPs out there imho.
That is of course, if it takes that route.

The main thing to remember is that everyone is working to benefit themselves, the banks and our BOD, so the best deal will be found no matter what.

GLA

I think all sides will be professional and realise that the coronavirus is temporary, the palladium supply deficit however is not and the world still requires it once this coronavirus has passed.

The chinese numbers have slowed down massively and they need to get back to business as usual as fast as they can for economic reasons. The same applies to any country, they have to minimise the effect on the economy as much as they can.

Russia doesn't have very many coronavirus cases at the minute, 28 i believe the figure is and so i can't see it affecting eurasias current negotiations which have been going on for months now.
All of which can be done over video conferencing remember, so the reality is that things can be concluded without anyone actually meeting face to face!.

The tweet itself hinted that things would be done in a 'not face to face' environment imho

GLA

It's a good point, if WK goes back into production then the fuel costs for the machines will be less.

Lower operating costs = more profit.

GLA

You're right, it won't affect negotiations as they're well underway at this point in time. Just interesting to see.

Very much still in for a large price if things are sold as anticipated!

GLA