Member Info for mac4671

They're doing the final deal paperwork draft, that's what they've been appointed to do. The iNED provides challenge to ensure the best deal has been done, KPMG create the most tax efficient way of closing the deal.

Their appointments are to run through whatever deal draft the legal advisors etc had arrived at in May, you bring these guys in for the final draft!

GLA

GLA

Specifically note - "Contract assistance: helping the legal advisors in reviewing agreements to reduce the risk of unexpected tax exposures and help determine if tax issues arising from the due diligence report are accurately represented"

Now, what does an iNED do again -

"Artem Matyushok has been appointed as an independent Non-Executive Director of Eurasia with immediate effect."

An iNED is an individual who is a director (member) of the board of directors who does not have a material or pecuniary relationship with the company or related persons. The iNEDS's role is to provide independent oversight and constructive challenge to the executive directors

https://www.aon.com/unitedkingdom/insights/a-guide-for-independent-non-executive-directors.jsp

Both arrived in May . . . . . .

GLA

Tax due diligence: identifying the tax exposure of a deal and how it may be mitigated, with a clear focus on risk assessment

Structuring an acquisition or disposition: advice on the tax consequences of individual acquisitions, joint ventures and divestments to help design tax-efficient deal structures

Contract assistance: helping the legal advisors in reviewing agreements to reduce the risk of unexpected tax exposures and help determine if tax issues arising from the due diligence report are accurately represented

Tax modeling: assistance in modeling the tax effects of transactions, including assisting in tracking the cash and non-cash steps in fund flow

Vendor assistance: preparation of vendor side documentation and tax advice on the tax implications of the sale of a business, including pre-deal reorganization measures and settlement of historic tax risks

Acquisition cost recovery analysis: analyzing associated deals (deduction versus depreciation) to help mitigate the after-tax deal costs

Post-deal integration: helping tax leaders reconcile their own tax positions and those of the acquired businesses as well as capturing the synergies.

How we can support you

Our Deal Advisory and M&A Tax professionals leverage professionals from different service areas throughout KPMG’s global network to help clients understand processes, avoid pitfalls and seize opportunities related to deals.

We understand the practical impacts of tax developments from one country to the next and when they spot opportunities, and know how to act on them to benefit organizations and their stakeholders.

https://home.kpmg/xx/en/home/services/tax/business-tax/mergers-acquisitions.html

GLA

Yes we know, that's why you keep creating new account after new account to peddle your nonsense, well done for finally admitting what all genuine shareholders already knew though!

GLA

Wow, look at that green box go. I take it they can't handle what KPMG do now? lol

I guess it will be peoples fault that companies provide certain professional advice in certain professional situations.

You only get tax advice when? The answer to that question tells anyone what's really going on!

GLA

Leaving Russia Johndoe, they have like 4500 people there, so, any professional commitments will be done first. A similar situation to DLA Piper who are also leaving Russia.

They complete all of their current contracts and then begin the leaving process.

It also points to things being wrapped up in the not so distant future imho

GLA

There is certainly no ramping, it is as the RNS reads and that is the service they provide.

Something to note is the proxy vote, we are asked to re-appoint Artem.

It will be a busy AGM no doubt, i think every shareholder has a list of questions at this stage!

GLA

He can't lenoman, that's the point. The RNS specifically states that it is to do with the deal, this is the service they provide for M&A, tax efficiency, structuring to ensure it is all done the most tax efficient way. When you get to this stage it is almost done, you don't need high level tax advice like that otherwise.

GLA

Tax due diligence: identifying the tax exposure of a deal and how it may be mitigated, with a clear focus on risk assessment

Structuring an acquisition or disposition: advice on the tax consequences of individual acquisitions, joint ventures and divestments to help design tax-efficient deal structures

Contract assistance: helping the legal advisors in reviewing agreements to reduce the risk of unexpected tax exposures and help determine if tax issues arising from the due diligence report are accurately represented

Tax modeling: assistance in modeling the tax effects of transactions, including assisting in tracking the cash and non-cash steps in fund flow

Vendor assistance: preparation of vendor side documentation and tax advice on the tax implications of the sale of a business, including pre-deal reorganization measures and settlement of historic tax risks

Acquisition cost recovery analysis: analyzing associated deals (deduction versus depreciation) to help mitigate the after-tax deal costs

Post-deal integration: helping tax leaders reconcile their own tax positions and those of the acquired businesses as well as capturing the synergies.

How we can support you

Our Deal Advisory and M&A Tax professionals leverage professionals from different service areas throughout KPMG’s global network to help clients understand processes, avoid pitfalls and seize opportunities related to deals.

We understand the practical impacts of tax developments from one country to the next and when they spot opportunities, and know how to act on them to benefit organizations and their stakeholders.

https://home.kpmg/xx/en/home/services/tax/business-tax/mergers-acquisitions.html

GLA

"This first mover advantage has also been further upgraded with our agreement with Rosgeo, which holds other interests in the immediate area which our project can potentially include" - Thay part's very interesting, almost like the Rosgeo JV itself can expand to include other assets that Rosgeo have control over in the area!

GLA

Tax advisory on the sale of assets, it must be close imho. I can't see any other role for KPMG at this stage as everything else is fully covered!

GLA

Nonsense is all they have TheBeastofBodmin.

Not one person with any sanity is sure why they keep beating the nonsense drum at this stage, surely they understand that they're keyboard bashing changes absolutely nothing?

GLA

For the -

"Due to geopolitical circumstances, the annual audit is running behind schedule, however, at present Eurasia still expects the report and accounts to be published and announced before the end of June 2022. An AGM notice will also follow in due course, with the statutory notice period for the AGM being observed"

I'm personally hoping that the big deal details arrive to be voted on as a special resolution at the AGM when it gets announces this year, we'll see!

Also, i'm looking forward to finding more out about EUA V.2.0, it's been a long time since it was mentioned, so, a lot of background work will have been done by this stage!

GLA

And always remember who already knows the area to some extent, that neighbour of ours there -

"· About 2/3 of the resources have been defined as reserves under Russian classification by Norilsk Nickel, however the drill core and the trenches have only been analysed for the base metals (Nickel and Copper) and have not been analysed for platinum group metals ("PGM") thus limiting the classification to inferred under the JORC Code due to the application of regression formulas for PGM. Once all the PGM assays have been completed, this data will be used for re-estimation and re-classification providing additional upside for the next NKT MRE update."

As picked by MRBAgency on twitter, they're doing quite a bit of hiring specific personel recently, the Chinese translator being what i found most interesting!

GLA

Open pit JORC must be complete, new license application to match their more accurately picked up ore body from using Absolute Precisions fancy gear etc -

"· Tier-1 scale: 305Kt of Nickel, 143Kt of Copper, 57 tons of PGM and Gold (11.2Moz of Platinum equivalent) have been estimated by WAI as JORC-compliant resources for an underground mining operation"

Well, that's what i would think has happened as wr had the underground portion quite a long time ago now!

Tier 1 Sir, would one care for more Tier 1?

GLA

As Dmitry and Artem get the M&A sorted out. Both professionals and at the top of their game, it's just a matter of time!

GLA

What i mean by long term is they pick a stock like Eurasia and then hang around like a bad smell for a long time, scraping small percent changes as the SP moves around.

Scraping the bottom of the bean tin is what i call it, bless them and their desperate ways!

GLA

Long term traders is the term you're looking for Sandy, this is how they scrape a living. They change their sentiment in order to try and drive things in the direction they want it to go. Something tells me that some of them do actually work at companies, we've all noticed a very evident shift pattern change at times, like the day shift is done for the day and the night ones are rolled out.

Not one of them has changed anything at the company, the company has continued to grow fundamentally and bring more experts aboard along the voyage to date!

Days of June are disappearing fast now, news soon!

GLA

With an energy sector big gun now clearly aboard it will be interesting to see the bigger plan as it all begins to take shape and grow over the coming years -

Artem Matyushok
Founder
H2 Transition Capital
Artem has over 20yr experience in Energy business ranging from the start-up operational environment to the corporate division of a major FTSE 100 company. He was engaged in both operational and commercial roles at Royal Dutch Shell and until 2018 was ? VP M&A for one of the major NOCs. Artem was a key member of several energy projects starting from taking FID to commissioning. Throughout his career he executed numerous high profile M&A transactions with total value in excess of $100bn. Since then, he founded H2Transition Capital PE Fund headquartered in the UK with focus on ESG investments and in particular on hydrogen value chain projects.
Artem has considerable experience in JVs and has over the years built a considerable network of credible industrial partners worldwide. He has been a member in several Boards with aggregate value of $15bn. Artem is a Finance graduate from Northern Kentucky University (USA) and has PhD in Economics from PFUR.

https://web.cvent.com/event/2a485512-df3d-4629-919e-675996859c70/websitePage:4a9f1ae7-fd5e-40ea-a47b-8748de11f650

"Among the partners in the H4 Energy project, the following companies were noted: H2 Transition Capital, Eurasia Mining, as well as the Sakhalin Oil Company."

http://neftianka.ru/zelenyj-vodorod-anonsirovany-novye-proekty/

GLA

They have to be paid, i don't think anyone sane would spend day after day posting nonsense over and over again if they weren't being paid for it. The continuity of it points to a full time job tbh, not sure who would employ such idiots however, their negative spins are never very believable, it's almost at a level where only a young child would believe anything they have to say!

GLA