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It’s worth noting also these kind of assets do not come along very often. “The last non consolidated palladium play”.
When something as rare as this becomes available companies find ways of purchasing/financing.
There’s no way if you’re a big player you want this going to a rival, you find a way of having it yourself.
Exciting times ahead!
At the minute as stated in the latest RNS it looks like they have received bids for MT only and not a full sale. “All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid”
I’d personally be very happy with that we get paid a special dividend and Eurasia carry on mining WK increasing the company’s value. Winners all round
That’s correct but no buyer is going to give you anywhere near that. They have set up costs, mining costs etc then it has to be worthwhile for them to make a substantial amount for their own shareholders. Somewhere between 25p - 50p a share will be outstanding but I wouldn’t be surprised to see it £1+ with it now going to highest bidder
I’d like to add to the point about poor communication. In the past couple of months I’ve rang the office a couple of times and on one occasion the phone rang out no answer. 5 minutes later Keith called me back having seen the missed call, and apologised as he was on the phone to the ‘Team’. Wow how many companies do you know would ring you back upon seeing the missed the call?
The communication cannot be questioned in my eyes and I’m sure when they can all will be revealed.
GLA
Hahaha so SP Angel drove a hard bargain? You’re saying Eua are paying them over the odds so they escaped delist in May but instead are going to delist in August? You sir are clutching at a shrinking straw