Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We have had a good afternoon recovering the dip over the last couple of days. Tomorrow should be a bumper as FOMO kicks in and maybe, just maybe, the cat will be let out of the bag tomorrow night after hours to give us the weekend of all weekends.
With this in mind, could we just chill on the sniping at each other and get behind this wonderful opportunity. It isn't half exhausting watching ****this, and muggy pr!ck that...Let's just get on as we enter the final lap of this marathon.
Mincho
Fair point LHG, I've just read the 12th May RNS again and it does indicate an asset sale rather than the whole shabootle.
However, this story line has twisted and turned a fair bit over the course of the last 12+ months though, so let's see.
On a side note, it is definitely worth reading the 12th May RNS again. It doesn't half bring a tingle.
Good day to you all.
Morning Left Handed Golfer - I hear you about the potential for asset sale rather than the whole business, but the most recent RNS does feel (to me) like the "starting" and "finishing" statement by Christian may indicate that someone could be swooping for the whole business. Of course, we don't know and I am quietly hoping that it is only assets and we can go again and again for maximising shareholder value.
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that our hard work on Kola that started as a joint venture with Anglo American Platinum in 2005 and is finishing as a joint venture with Rosgeo, a much stronger partner for doing business in Russia, is coming to a successful conclusion with DFS, JORC reserves as well as the EPCF (engineering, procurement, construction and finance) contract already signed. The Board is committed to execute on the strategy as announced on 12 May 2021".
Morning all.
Just a thought all, but I remember back when we were in the early twenties and late teens on the way do, a number of posters highlighted that one thing that didn't stack up / would be difficult to justify was the potential acquirer getting the price of purchase through with their shareholders. If there was a disconnect between the SP of EUA and the acquiring price (say 20p SP for EUA versus a £1.50 take out price) it may be hard to get approval of a deal it being 7.5x the current SP. Therefore my thinking here is that the extremely bullish RNS has been used to drive the SP up to make it more palatable for the acquiring SH community, especially if the deal has been done as many believe it has. It would more make sense that if we were at 50p SP (or had a MCAP of circa £1.5billion), then a £5 billion offer would seem less incongruent with the value attached to EUA and hence may be approved by the acquirer's SH with less friction. I do understand that it is about future value, but the acquiring business would still want to ensure that they don't look like they are paying through the nose for little old EUA.
Whatever the outcome, I do think our BOD have a clear and focused game plan and will execute something really rather special in the coming weeks.
Have a great Saturday from EUA Cornish Chapter.
Okay, so I have had the figure of £1.23 in my mind for a long time, only because it makes me £1million profit. It, of course depends on the transaction, and now with the JV included in the sale, along with the potential proving of resource at MT, I am cautiously hoping for more actually. It just depends on the transaction and what is sold. I do know that this is a World Class Board owning a World Class asset, so there could well be unbridled joy in a few short weeks. IMO the SP will now start to factor the above in.
Please note Mister Wolfe that the SP rose from 28p to 42p in December last year (with considerably less value attached to the business as there is now) in around 8 days. There is nothing in my mind that should stop this rise going up there or still further, especially with the detailed plan coming in two weeks. In my mind, this is just the start, but make your own decisions.
"The Directors are delighted that our hard work on Kola that started as a joint venture with Anglo American Platinum in 2005 and is finishing as a joint venture with Rosgeo, a much stronger partner for doing business in Russia, is coming to a successful conclusion with DFS, JORC reserves as well as the EPCF (engineering, procurement, construction and finance) contract already signed. The Board is committed to execute on the strategy as announced on 12 May 2021".
Read this statement again. Hard work starting in 2005 and "finishing" now. It's a full sale on the way isn't it?
The shorting/boiler room crew are now just shouting nonsense. There is nothing not to like about this RNS. It shows that they are busy prepping whatever deal is going to happen (NYUD, MT, WK?). As a doom monger, you can't just shout "rubbish" at everything, you do actually have to bring something to the table...
So that is the point I was making Dealer. "expect" "we thought" and "implied" are all terms of lack of clarity. In my eyes, we are due something clear and understandable now having supported the BOD to the hilt. Even that supercilious twerp cannot actually bring up anything that is crystal clear. I don't think at this stage that is acceptable.
Anyway, cider in the West is calling, so have a great weekend all.
"The Directors are delighted to close yet another important transaction following the successful completion of the Rosgeo JV announced on 26 March 2021 that both put Eurasia in an even stronger position"
Please see above where Christian discusses the raise "following" the successful completion of the Rosgeo JV. This, like almost all the other recent RNS's is opaque and leaves it up to interpretation rather than specific. Therefore, it is not crystal clear how much of the $20million has been spent on this or what exactly it buys us. You can't just take a headline and then bash others over the head with it.
I don't do spats Mac, but I am not poorly researched as you claim. Have a lovely weekend.
Mincho.