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From what I've read, the NDAs are still in place for Monchetundra, they were in place before the FSP and there is nothing to suggest they are no longer in place, which seems to be consistent with the lack of information being given about MT compared to information being provided in regards to WK or the Rosgeo assets.
The NDAs may just be still in play just for strategic placement, we won't know the real reason till a deal is concluded.
If we take the credible party statement at face value, and if we believe the suitors are indeed Japanese, it may be a requirement from them before they sign off on any deal.
All this needs is a patience, I know most people (including myself) wanted and expected this done by the start of 2021, but honestly the delays will end up bringing more long term value to shareholders with the Rosgeo JV.
It doesn’t have to be bad news, the BOD have been adding a LOT of value to the company and de-risking the business for the past 6 months but the share price has been falling because of the delay in a deal.
It’s just that people are impatient, they want a sale asap, but good things will eventually come to those who wait.
May be a tactic to protect the share price.
The BOD are clearly aware that the share is swarmed with traders and shorters that damage the share price, that is why they tactically releases RNSs after hours or on a Friday after hours to stop it having a negative effect on the share price.
If they release the AGM results during trading hours, the traders will just cause a mass exodus and in the medium term, that is harmful to the share price, if you release it after hours, less damage is done.
It's about managing expectations, the reason the price flew up is because traders jumping in before the AGM, the reason it's flew straight back is because of these same traders.
The AGM is just an AGM, it's there to pass standard resolutions and answer a few shareholder questions, if the AGM was involved in the sale, the resoutions would have been added.
In addition, the BOD wouldn't spend the time answering the shareholder questions in regards to a dividend and sale, and then 2 days later, announce a sale, the reason they answered those questions was to temper expectations because the deal is still in progress and has not finalised.
What I've taken from the latest communication from the BOD, this deal is likely to take sometime and may or may not involve some of the Rosgeo assets, and there is likely to be a resource upgrade on MT before any deal is concluded. There is no quick solution to this.
Investors will be the ones rewarded here, not traders.
I don't see the issue with what he said, its the standard trading pattern for Eurasia and the traders know what they are doing, there's a good chance it'll push to high 22s/low 23s near 2-3pm, then all the traders will sell out because it's a Friday and it'll close in the 21s, it always happens.
Most important thing is, the BOD have stopped the slide with the latest communication, I expected it to continue so I'm positively surprised, a lot of the doomsayers have also started to disappear of run out of juice, think they were shocked at at the strength shown at 20p.
GAZALA, do you even read a post and try and understand what it means before you try and attack it?
No wonder there are so many trolls in here, they feed off people like you reacting like a child whenever someone talks about a delay.
The market won't react to any delays, may see a small bounce to 21-22p but then I expect it to keep dropping, possibly to around 15p and then at some point people will start to take heavy positions again and it will shoot back to around 20-24p.
It isn't a coincidence that a lot of familiar names are returning to this BB who previously sold out and are now either expecting a cheaper buy in or seeing the risk reducing, they obviously sold out at highs and that is the position they took at the time, and now have seen an excellent opportunity to get back in with a much reduced level of risk.
The real question shareholders have to ask themselves is what they perceive to be the risk and reward level, this is the question you should ask yourself with any share and not just Eurasia.
When the facts change, my view changes and no negative facts have been presented to me via RNS, if anything the company has become more de-risked than it was 6-7 months with just MT and WK.
I still see an excellent opportunity here and I said earlier, I'm in the process of releasing some funds in order to add more over the coming weeks.
I think the most important thing to note from that RNS is the fact that they are referring to the BOD and management being the largest shareholders and the end game for all directors and management at this point is a dividend.
Someone is offloading, but it's not the management, it's either a very large PI, which there seems to be quite a few of, or it's the shares of Gary Fitzgerald through his family.
If a deal is still a while off yet, say a few months, which seems plausible given the delays, access to that money will almost certaintly be wanted so that it can be distributed between his beneficiaries.
'Sell high, wait for the teens, then massive buys and suddenly flips into twenties again'
I'm in process of freeing up some more funds over the next few weeks, it's glaringly obvious that they are targetting a drop to the 15p region, and they are gladly being fed by holders who are sick of waiting or have lost patience so they are selling out, quite a few have come on here to post that they sold out.
As soon as we get to that inevitable 15-17p region, I'll throw the kitchen sink at it.
In a way, this delay in securing a deal may end up being more beneficial for the long term holders in the end game, it's difficult to watch profits erode however, the chance to add at these levels is pretty incredible, but obviously you want to time it correctly.
'I don't believe they intended to action it because MT hadn't been proven up to the levels needed to really action it in terms of booked reserves which are the only things you can mine. I think they hoped revenue from WK would provide money to carry on proving up MT reserves but WK went wrong with permits etc.'
At that time they were working with contractors and only moved to owner operated last year so I can't see how they would have expected WK to fund it.
I have noted the developments of WK over the past year but I would reluctantly tend to side with the individuals who tend to refer to it as immaterial, WK for me is just the tool used to keep the company as a going concern once production increases, which would be important in the scenario if MT is sold.
I think the issue people are misunderstanding is the real goal is to unlock the potential of the whole region, clearly Eurasia and their subsidiaries are in a very good standing with the state as seen by the awarding of licences and the Rosgeo JV.
So by buying Monchetundra, you aren't just buying Monchetundra and the 2m Oz, during the FSP you were either going to be buying 'Eurasia Mining PLC', or outside of the FSP, 'ZAO Terskaya Mining Company'.
There might be geopolitical advantages by even having a subsidiary in Russia that has potential to develop PGMs at the scale being discussed as long as you throw a bit of funding at it, especially the way the world is going with green energy.
And if the Russian state are happy in the transfer of ownership and don't block it, then its win win for everyone.
To me, just purely my opinion, it's pretty clear what has happened, someone was interested in Monchetundra, more parties started to get interested and there were informal discussions about buying the company outright, the BOD used the suspension to protect themselves against a hostile takeover, during that period they encompassed the help of those with M&A experience and brought UBS onboard and started the FSP in July. Pretty sure with the introduction of DLA Piper, they were starting to move to an agreement with a party.
But something changed in December, whether that was the interest from the buyer tapered off, or whether Eurasia saw an opportunity to further maximise the potential value of the company (Rosgeo JV), either way, something changed and I guess you could factor that in with Alexei's share sale, he may have just seen better opportunities for his money compared to the time scale for any deal here, where as Veles may have seen this as a medium term investment.
To me, the Sinosteel deal was always seems like it was seen as leverage, you just need to listen to the interview with DS and the way he referred to the possible activation of it, plus the yearly production output of the SS deal wasn't great.
MrY,
Apologies I missed your repsonse yesterday in regards to buying back but thanks for the response, it's interesting to read especially after your concerns a few months ago.
Whilst some individuals have lost or are losing patience with the BOD and starting to sell out, some familiar names are adding or buying back, albeit at smaller amounts, it's fascinating to watch it play out.
Since the Rosgeo JV, a number have individuals bought back in having previously sold out whilst concurrently the share price has seen some of the worst levels since September last year.
It does seem like the strategy the BOD are developing, with the potential for asset sales and a potential dividend, may be more lucrative in the long-run than a full company sale would have been.
funds4feature,
One of the most naive posts I've ever read.
The stock market, and AIM shares like this, are full of chancers who gamble away money they can't afford to lose.
Social media and forums like these ARE THE PLACE people come to, a lot of people don't bother about doing actual research and Eurasia is one of the best example of rainbow chasing individuals who don't understand the fundementals of what they have invested in, if they did, they would realise that this is one of the most de-risked investments around after the Rosgeo JV.
So much so that they come on this forum, and say:
'I'm so stupid for listening to these rampers and expecting a sale tomorrow'
When you ask them to address the fundementals of the company, they are never able to.
Then 2 days later they turn around and say 'I sold all my shares yesterday afternoon, I've had enough'.
Whilst the posts people make don't have a 'direct' effect in the share price, if 70% of the base are traders and chancers start to see a loss of sentiment between what's been said online, they are more likely to have this sentiment influence their own trades and thus that eventually is shown in the share price.
The irony is, a lot of the deramping and new posters has probably helped the share price recover because of the transfer in shares between weak to the stronger hands.
A lot of fear has been spread over the last 24 hours so a lot of the weaker hands have let go and those shares have been mopped up by those looking at the longer-time outlook.
Some individuals really need to start looking at themselves and wondering whether the stock market is the right place to be putting money they can't afford to lose.
As for the scaremongering clowns, we all know who is going to have the last laugh.
TMS knows everything.
But he plays a clever game, everything he posts to the untrained eye looks logical and makes sense, especially to the bucket load of people who FOMO'd into EUA without much research.
The timing of his posts and replies are tactical, and so is the content within them.
Those who really understand and have done their research know he's talking nonsense, the value of an asset is not based on what one individual assumes them to be or what opinion this individual has on the quality of these resources, they are determined by suitors willing to pay an amount of money based on information presented to them which is sometimes underplayed by officially stated figures.
Likely that a lot of these rainbow chasers are selling out at a loss, these shares are literally being mopped up behind the scenes, this is the only share that constantly keeps falling, dropping, in the red, but allows you to sell 1mil in one go.
' I am polite, reasonable, logical, fair and balanced, but just because you don't like what I write you assume I am part of some kind of organised group being negative.'
So why do you struggle to engage in a logical debate as to the reasoning behind your opinions and offer counter-arguments to the discussion points raised instead of automatically reverting to type?
You said a while ago, you didn't trust those in charge to deliver and you sold all your personal shares, so in the interest of maintaining an open forum in which everyone is able to freely post and present their views, would you like to answer the question as to why you changed your mind and suddenly bought back in?
'I am a genuine holder both personally and in a SIPP, but this desperately needs a result to be forthcoming otherwise the share will continue to slide as people take their money elsewhere and / or lose faith.'
Silversun, You came on here a few months ago with:
'I've sold all my personal shares and left some in my SIPP. Just too much of a risk and too longterm for my liking.
Call it instinct call it deramping, but while there may be PGM's in them there hills, I'm not sure I trust the entity in charge of it all to make us lots of money. So there we are.
I'd give it a 30-40% chance of completing some kind of deal. Not enough for my personal cash but worth a punt for my SIPP.
Good luck to the company and all invested. :-)'
Curious to know what changed considering you stated you didn't trust those in charge to deliver a result.
https://youtu.be/mVZcw40x2i4?t=361
Good little bite sized segment as to why Eurasia is in a good place with our basket of metals.