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More Nickel required VW Group details massive £76 billion EV transformation plan
https://www.autocar.co.uk/car-news/business-tech%2C-development-and-manufacturing/vw-group-details-massive-%C2%A376-billion-ev
EUA have a lot of Nickel, with licences approved, the world needs Nickel more than ever for vehicle batteries right now with oil prices so high
https://www.theguardian.com/business/live/2022/mar/08/nickel-soars-record-commodity-prices-oil-gas-russia-ukraine-ftse-dax-dow-business-live?filterKeyEvents=false&page=with:block-62274c358f087f6d099f38a7#block-62274c358f087f6d099f38a7
As i have said previously the motor industry needs these metals that EUA has, a very interesting read from VW Audi & Porsche https://www.autocar.co.uk/car-news/business-tech%2C-development-and-manufacturing/vw-group-details-massive-%C2%A376-billion-ev
An interesting read, i am also in the New car business and own a vehicle leasing company, The Nissan Boss states 75% of European sales will come from Electic cars by 2026, someone is going to need to produce all these metals required and fast, this is only one company of many manufacturers, https://www.bbc.co.uk/news/business-59462585, i am invested and holding my shares
Shareholder Questions and Answers - 2021 AGM
Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?
It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining.
Q2: Have the board used the circa £14m from the recent placing?
No. As announced on 4 June 2021 the cash balance of Eurasia is c.$23m. The work programme is being developed in relation to the Rosgeo Joint Venture.
Q3: Can the board release a comprehensive update regarding the potential asset sale?
Our RNS of 12 May 2021 stated the Company had received a proposal for the potential acquisition of substantially all of the Company's assets, and that the transaction would make the Company subject to AIM rule 15 (any disposal which exceeds 75% in any of the class tests is deemed to be a disposal resulting in a "fundamental change of business"). The Company has provided as much detail as permitted by the AIM Rules regarding this proposal and looks forward to providing more detail when appropriate and permitted by the AIM Rules. Proceeding under the remit of AIM Rule 15 would require a shareholder circular to be published and a general meeting of shareholders held to approve any transaction.
Q4: If commenced, how long will it take for the Monchetundra Project preparatory works assigned to TGK?
The engineering, procurement and construction (“EPC”) contract allows for an 18-months to 2-year construction phase to commence in line with pit preparation works, undertaken by Eurasia subsidiary TGK, in a sub-contract costed within the EPC. These preparatory works include stripping at West Nittis and Loipishnune, transportation and compacting and dumping, slope grading, compacting of run of mine pad.
Q5: If a dividend is paid, following a sale of assets, what would be the dividend date?
The Directors and management (being the largest shareholders in Eurasia) intend to proceed with a dividend payment as soon as practicable following a sale. The date from which a shareholder qualifies for a dividend will be determined when the terms for a sale are agreed.
I have been in business 30 years as the same company and seen some right up and downs in the Motor business (not shares ) and do not normally post, i do read the posts, the world needs these metals for batteries, This is a very complex deal which will take time as not straight forward, just because many of us hold shares we are not in control any many dont like that, i trust in the board from RNS's over the last months, they are well invested in the company and have not sold at highs, i am holding my shares, too many impatient comments, and munipulation on this board now, be positive people, Rome was not built in a day,
X-o Jarvis charged me £20 per account
Casted my vote & for shares held with my Daughter and received confirmtion from my brokers
Rivaldo, Thank you very much for sharing this below, a very rarley i post on here or comment, but appreciate your post, and quite new to trading regular and this share i have been researching for a while, i have 30 years in my own business and still going in the car industry, we learn every day, Thank you and all the Best