EGM. Timeline to consider...13 Apr 2021 12:51
My take is that the resolution requiring approval at the EGM is needed for possibly the final piece of the negotiating jigsaw.
My reason for this:
1. EGM is 28th April. so the resolution will/should be approved for May onwards.
Quote from the Official Circular "The authority granted by this resolution will expire on the conclusion of the Company's next annual general meeting".
2. EUA corporate calendar is AGM in June each year. So it is quite possible that this resolution expires within 2months of being passed.
So why the rush for the resolution?
Re: page 7 of the circular:
The Directors are confident that the ABILITY to allot securities and DEMONSTRATE a capacity to develop the Kola PGM and battery metals district independently of other strategic options available to the Company benefits the Company and its Shareholders by improving Eurasia’s NEGOTIATING position.
So, we need the ABILITY to allot shares (if we wanted to) to DEMONSTRATE our capacity to develop the Kola PGM district (incl Monchetundra, see page 9 of the circular) to strengthen our NEGOTIATING position.
Now, I have no idea why this would be as the negotiation of this whole FSP, JV etc etc must be hugely complex, but it all "....benefits the company AND it's shareholders" so that is good enough for me.
IMO the endgame is approaching, and this cannot wait until the next AGM because we need to demonstrate this capability NOW.
As I said before, wither way this goes, it is now completely dersiked for me, so time to forget the bots that are more and more desperate and sound like rank amateurs with their poorly worded playground jibes.
Stick to the facts that we are privy to, and you'll most likely not go far wrong!
Exciting times are ahead!
All IMO. DYOR.
GLA.