Member Info for mac4671

Yes, he is independent until Eurasia Mining v.2.0 kicks in. You merely have to understand the fundamental change of business which will take place to understand his current independent position. Eurasia v.2.0 has not begun yet, they have been looking in to it and setting the stage up ready, but, it has not officially started yet.

Assets sales take place, we move to the Hydrogen JV, the fundamental change of business takes place, Artem then changes from independent NED to a NED. Once Eurasia v.2.0 kicks in he has an official relationship, until that point he does not!

GLA

“BRICS Plus” foreign ministers’ dialogue was successfully held and attended by FMs from BRICS countries, Kazakhstan, Saudi Arabia, Argentina, Egypt, Indonesia, Nigeria, Senegal and representatives from UAE and Thailand, China's Foreign Ministry announced. https://t.co/b8uYesEGJx

BRIC's is BIG talk at the minute ladies and gents!

GLA

". There is a double urgency to transform Europe's energy system: ending the EU's dependence on Russian fossil fuels, which are used as an economic and political weapon and cost European taxpayers nearly €100 billion per year, and tackling the climate crisis. By acting as a Union, Europe can phase out its dependency on Russian fossil fuels faster. 85% of Europeans believe that the EU should reduce its dependency on Russian gas and oil as soon as possible to support Ukraine. The measures in the REPowerEU Plan can respond to this ambition, through energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy to replace fossil fuels in homes, industry and power generation."

https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3131

GLA

The proof is in the appointment, most genuine shareholders can see that.

Eurasia have an entire district full of PGM's and Battery Metals, if anyone thinks that it is going cheap then you need to think again.

Nothing stops the demand situation for those metals, if anything, the present conflict speeds the demand up as the EU etc are now looking to ditch Russian Oil and Gas and move to clean energy faster. They can't make that move without the required metals, it's impossible.

We move closer to the AGM and closer to knowing more about the M&A the BOD and advisers have been working on!

GLA

With a man of his calibre, i don't see it taking very long if i'm honest. Paperwork alterations will be few if there are any at all with Dmitry having been at the M&A helm throughout imho.

It looks like it's Dmitry's biggest M&A to date, it explains the reason for having someone like Artem brought in for the iNED role as Artem's bread and butter is very large M&A. There are levels to everything in life!

GLA

INED Bae -

"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

He's basically appointed to run over the paperwork, check it all over, question and push the BOD to ensure that this takes place -

"The directors must also consider their other statutory duties: the two most relevant duties when approving a company’s entry into an M&A transaction are the duty to exercise independent judgement and the duty to exercise reasonable care, skill and diligence"

https://www.financierworldwide.com/board-role-in-ma-transactions-practical-implications-of-directors-duties#.YoV8_WnTU0E

They're duty bound to get the best possible deal for shareholders, by placing him in the INED position to run over things they effectively complete those statutory duties.

GLA

BRICS Joint Statement on “Strengthen BRICS Solidarity and Cooperation, Respond to New Features and Challenges in International Situation”

https://mid.ru/en/foreign_policy/news/1814106/#sel=2:1:EMV,2:18:VLr

Just some more BRIC's info since that is who Eurasia Mining trade with.

GLA

Thanks for the info from others also, i've just noticed the posts.

I think Artem's appointment is not for an extended period, he's there to help wrap it up in the very near term. The requirement for a general meeting under Rule 15 points to this upcoming AGM as their time target tbh.

Due diligence was complete in Oct 2021, this is not a new paperwork situation, we've been working on stage 8 ever since -

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

GLA

Thank you Bae, that's quite the list, a week could very well be extended somewhat.

I can imagine that there may well be a few other LTH's looking to go on an extended break once the deal news lands, i'm just currently putting a few ideas together myself for when the time comes.

All the best to you!

GLA

It's an interesting move Rayski. They're certainly making quite a few moves right now, increased size and increased financial strength appear to be on the menu.

GLA

BAE is right. They can sell their assets by selling their Russian subsidiaries, in effect selling a Russian company to another Russian company, or, even to any BRIC's nation tbh.

Eurasia Mining is simply the listed umbrella that holds Russian subsidiaries.

GLA

What's Sakhalin like bae, would it be any good as a holiday destination? You know, like a weeks break having a nice dander about.

GLA

What's this, Argos? Lol

GLA

DUTY BOUND TO GET THE BEST DEAL FOR ALL SHAREHOLDERS:

It's this part here -

"Provided that any conflicted directors declare their interest in a proposed transaction or arrangement, the relevant transaction or arrangement is not liable to be set aside. However, in circumstances in which directors have actual or potential conflicts of interest, the company may wish to consider appointing a committee of disinterested directors to ensure that the process of negotiating and approving the transaction and the terms of the transaction documents is robust

The directors must also consider their other statutory duties: the two most relevant duties when approving a company’s entry into an M&A transaction are the duty to exercise independent judgement and the duty to exercise reasonable care, skill and diligence"

https://www.financierworldwide.com/board-role-in-ma-transactions-practical-implications-of-directors-duties#.YoV8_WnTU0E

It's literally just around the corner imho. It's all to do with the best interests of ALL shareholders!

They complete these by having him run over things, question and push them to ensure the best possible deal has been done for all shareholders. He may pick up on one or two things which may get altered for the final paperwork, or, because Dmitry has been at the helm, he may not, and simply act a third party verification set of eyes confirming that it is all good to go as the best possible M&A for all shareholders -

"The directors must also consider their other statutory duties: the two most relevant duties when approving a company’s entry into an M&A transaction are the duty to exercise independent judgement and the duty to exercise reasonable care, skill and diligence"

They're duty bound to ensure that it is indeed the best possible M&A that they can achieve for all of us!

GLA

That's interesting about Renault Dave, the demand situation increases all of the time for relevant fuel cell metals. Hydrogen with cars is expanding far slower than it's use in heavy industry however, BEV's are currently miles ahead on the car front.

They'll be able to use perovskite panels at some stage to increase range of BEV's, the car could self charge while not being used in daylight to a certain extent.

It's all very interesting watching it all develop and the relevant metal demand scenario continually increase!

GLA

Oh, that's right, finalising the asset sales with Dmitry, UBS and DLA Piper.........what a magnificent M&A team the BOD have lined up for this event, truly amazing!

GLA

May 19 (Reuters) - China wants to expand the group of emerging economies known as BRICS, in the first shake up of the bloc in over a decade, a senior Chinese diplomat said on Thursday.

https://www.reuters.com/world/china/china-says-it-wants-expand-brics-bloc-emerging-economies-2022-05-19/

GLA

Will do Pompey, i'll keep certain M&A info circulating until we either hear or the AGM notification lands.

A couple more weeks of being the bane of a shorters life won't hurt lol

All the best to you!

GLA

Possibly could be timed for the AGM Pompey yes.

20-28th i would expect the actual AGM to be, notification a couple of weeks prior to that. We don't have long to find out either way tbh.

Artem's appointment looks like they're finalising the deal paperwork, so, take from that what you will.

GLA

Fully agree Dshox, the timing of it is a very big indicator of what is to come.

It has been a long time after due diligence was said to have been completed, so, even that backs up the coming to completion case theoretically.

The metals are needed for the green industrial revolution, there is no workaround at this stage. Chances are that NN will scoop Eurasia's Monchegorsk assets up as they know that they can still operate effectively. They are also cleaning up their entire industrial act, that's a good thing no matter which way you look at things. Yesterday there was a string of tweets from them, one of which had workers going around picking up and bagging rubbish, so, it appears it at an 'all levels' case tbh.

GLA