The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
As I said a few days ago, one of the possibilities will be asset sales of MT and WK with a special dividend, any placings will be used to develop the JV assets and then those will be sold off at some stage too.
The Japanese interest is very fascinating, we are definately in a much better place then we were a month ago, the BOD are about to deliver an incredible amount of value to shareholder, short term with a dividend IMO and long term too.
'Sorry for those taken in by all the ramping on this board. It was a very professional operation.'
When will your lies ever stop TBTT?
You are one of the most childish, witless and featherbrained individuals that I've ever come across over the internet, I don't whether your lack of self-awareness is delibrate, or whether you actually have serious issues.
14 months ago, you claimed Eurasia's MT licence would be revoked, then you claimed the company would be delisted, then you claimed the FSP would be closed.
Stick to your head down the toilet, hopefully you'll be able to come face to face with all the crap you let out.
Quote from Circular:
On 1 July 2020 the Company announced that following a strategic review of its business and in order to maximise value for its Shareholders it was launching a Formal Sale Process under the UK Takeover Code. The Board appointed UBS as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company. Non-binding offers have been received and are being progressed.'
Pretty sure that it has happened and looks very clear, the RNS referred to JN as MD, and the website has been updated to remove CS as MD, but, like you said it's not been mentioned anywhere else so we will have to wait to see if we hear anything official.
ARB
GGP
ORPH
GWMO
ROCK
HEMO
ALGW
NFX
Have a few positions currently but will be looking to add to them after we get a deal here, wary that a lot of these could take off whilst we wait for the conclusion of the FSP, but it is what it is, I'll wait it out.
'The lack of basic knowledge here is astounding'
One could say the same about you, the amount of crap you've been blowing out.
You don't even understand the basic concepts of bargaining power, value creation, strategic planning & development and the nature of the market would react to a hostile takeovers, so before you start on others, look at yourself.
'Fast forward we then had the suspension (twitter leak). Utter tosh in my view, but it gave the BOD time to get NDA's signed and the stock suspended to stop a hostile takeover at sub 10p, many investors would have rushed to vote yes before knowing the full details of the assets and further interest.'
I agree, it was a great excuse for the BOD to suspend, in hindsight it worked in our favour, at the time it felt terrible.
Seeing those older RNSs, especially the one that CAW just posted, you actually start to see how this whole thing is starting to unfold.
'James Nieuwenhuys, Eurasia's CEO and Executive Director: "In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders".'
The real fun is yet to come, time to strap in.
Wait TBTT,
Final Sale Process???
LOOOOOL you fish, if you are going to do this spreading lies business, at least do it convincingly!
I'm going to remember your username once this is all over, you may disappear from the EUA BB like you did with GGP when you tried the same crap on there but many will be looking around for you to troll you heavily, the real fun will then begin.
'It’s funny that none of the gurus on here predicted it taking this long, and any posters who predicted this length of time were shouted down and called derampers.'
Logic tells us it shouldn't haven taken this long, as the BOD alluded to in their FSP update, it wasn't supposed to take this long but it's become a very complex process.
There's not much pride in being happy that people were wrong and it's taken longer then it should, it's like celebrating your own loss/delays.
The fear became glaringly obvious last weekend when they all came out in droves, it was one of the most terror filled last ditch attempts I've seen, sort of like a Paul Scholes tackle.
Either way, squeaky bum time, only one group will come out on top, just Jester said, this FSP will come to end at some point, either we've all been had and finessed, or we're about to become stinking rich.
Choose a side, I know I'm sleeping comfortably each night.
Bit of a mind dump:
Was just thinking more about this, the reason for the AC sale seems to be more and more plausible as time goes on, this deal is obviously quite complex and was going to drag on for a while, and after the RNS stating that there is delays to the FSP, maybe that was the port of call for him to release the cash at a certain point to fufill obligations.
Another thing to that stood out to me, his remaining stake in the company is 0.44%, he could have sold further (which may have rose more doubts), or he could have sold just below the 1% (which may have looked more suspect).
In addition, they removed Fitzgerald from the website, but they didn't remove Churakov from the website, if Churakov went rogue and dumped because he knew there wasn't a deal, it may have been an acrimonious reaction, but it wasn't, he didn't dump all his shares and he continues to be listed on the website.
And the last thing, Veles. This was a direct off market sale to an instituion in Russia, when Veles bought the stock, they must have known that the share price would have been expected to take a hit due to AC selling. In addition to this, there's been no sustained period since that purchase that the share price has stayed above 29p long enough for Veles to sell at even break-even, they would have had to dump at a loss, so we can throw that theory out. The longest the share price has stayed over 29p is for a few hours then the traders push it back under 30p.
RNS quote:
'The Company notes that the acquisition by Veles evidences interest in Eurasia among institutional shareholders. Veles is a well-established and one of the oldest professional institutional investors in Russia.'
The company notes the interest amount ii's, Veles is one of the oldest ii's in Russia, is it a simple a coincidence that Veles have bought into a company that has just signed a JV for additional assets with RUSSIAN STATE-OWNED company, Rosgeo.
Stay tuned, I believe this is going to get very interesting, the share price doesn't mean much at the moment because the bigger picture will take precedence.
Spot on Shezer,
When you come into this game, you know it's already rigged to an extent, just like a lot of things in life to be fair.
But if you're smart, you can play them at their own game, you just have to buy the dips, avoid panic selling and FOMO buying, top-slice a little bit on the way up.
It's actually quite easy to make money in the market, the hardest thing is to have patience and disicpline when there is a lull period, that is when you end up chasing and losing money.
PIface,
Someone posted the link to the Power of 78 update in regards to the Rosgeo JV.
On the update, GMF referred to a potential £5-£7 share price in 2026-2030 once MT, WK and all assets through the JV were at full production, but someone decided to link that to the FSP.
Same thing happened with Rowka, if you remember, Rowka started £3.50 ONLY if there was a resource upgrade, yet everyone decided to run with that £3.50 line.
TBTT, not only have you shown your arrogance and ego, you've shown you lack the basic ability to read and interpret information.
The £7.26 has nothing to do with an FSP, that refers to full production at all assets in a perfect scenario in 6-8 years time, it's not talking about today or any potential price for a sale.