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Think most of those options belong to directors but not checked any figures. I don't think they can exercise them while sensitive info under NDAs is under way or closed period. I think it's an asset sale so not important immediately.

378p

I don't think we know enough detail but there is a lot of opportunity here. 30p to £20 is arguable but we'll be leaving a fair bit on the table for the next guys. Rosgeo JV makes it potentially mindboggling.

Im happy with anything over 50p but fair value should be given for 20 years hard work crafting the opportunity.

If you are holding you have the special divi so no matter. SP should only drop by value of divi so no cause for a stampede. To deter it further might be new exploration targets on a limited number of assets, or further royalties and payments in the future as part of deal. If 700m in cash were retained the price would stay where it is at least for absolute certain, but the leverage may keep it a lot higher

Also if it's an asset sale not a takeover FSP not so relevant and allows late entrants to stall it as all must get the same DD. So negotiations not finished but safe to come out of FSP if confident a credible buyer is serious maybe. EUA continuing is also a way to receive contingent payments or royalties if a deal is structured like that. It may be given the reserves are state approved not jorc in some cases.

Decent point that EUA may continue to exist to largely collect royalties after assets sold.

ACF Research have mentioned a few times on Twitter they will be doing a new valuation and will have a few nights burning the midnight oil. That might be the method by which indications on figures are given, again. Seemed to become consensus.

I wouldn't expect a placing but I wouldn't be too alarmed if e.g. the Japanese were brought in or some funds were raised from ii's to advance a project towards production while things progress.

Joined here friday. Sold ARB so double bubble.

Exciting space. Merch could be huge too. Another David Beckham share but this time fits his persona much better than the CBD.

Also assets valuation is more divorced from the SP - so easier to justify high price. Sometimes the assets have different valuation in different hands.

I think they are committed to becoming a major player to either illicit a new owner or a rival bid or as the fallback way to full value. I think fsp couldn't run any longer and didnt need to if they are focusing on asset sale as not technically a takeover. The potential bidders should have the info they need now. EUA will likely be working on jorcing some of the state approved resources as hinted by SP Angel. The bidders will understand the price goes up the more is done.

New ACF valuation will kick this on if lands next week.

I would doubt you would get in trouble kira if its good advice and free. You owe no duty and have no contract so they cant sue.

I wouldn't take tax advice of anyone that can't spell dividend but I guess they were the asker. Hoping nothing dives at the end here.

I think it's interesting the FSP closed. Normally they last 28 days designed to speed things up. This was very complex. There was probably some pressure to close the FSP to avoid making a mockery of the process or encourage extensions but technically it may not have closed except in name with the doors still ajar.

As it goes most of parties have probably got enough DD done. EUA have chosen preferred bid but not to say it's a one horse race. A lot still seems to hinge around agreeing the status of Russian reserves and the AA drilling and so on. Absolute Precision still beavering away?

Eua might be saying 10 billion, buyer might be saying 3. Sooner or late Dmitri might say OK heads 10 billion tails 6, like on bargain hunt. I think they could have done that but truly they are in pains to maximise the value so going the technical route.

For me next inflection point is the new ACF report hopefully early next week.

Just bought a few more here. Think the good vibes are back and projects progressing.

Could just keep a couple of the Rosgeo assets or move onto volchetundra keep JN in a job or rinse repeat. little bit more value add

I think it's always open to a hostile bid and partly why figures not given yet. From the power of 78 tweet with the SP Angel Interview yesterday it looks like they had a figure given but if they work more of the resources up to JORC rather than Russian State standards they may get more. I guess they already were asked to prove up the JV and did so with Rosgeo, etc. Which all hints that they really are looking to maximise the deal as they say.

I think there was a mixture of good news and anticlimax with last RNS. Caught many when not expecting. When read it again a day later knowing what substantially all means technically all read very nicely - offers, delays due covid/site visits, several parties continued interest, when Rosgeo JV formed one party stepped up, now wanting to focus down on best offer for special divi, as was mentioned all along since the DS interview late 2019 with proactive.

Looking forward to ACF's new valuation report they claimed will mean a few sleepless nights working on. That was the tonic last time to shift it into double figures. Bloody hell daren't imagine it will take it to triple figures but hopefully over 50p. Seems like half of what they say is a reasonable expectation to account for risk. Took the guess work out for many.

You can poison the well and doubt it all but the Nomad, UBS and DLA Piper should show it's a credible situation. Our jeopardy continues. Been a wonderful investment but god it would make you think twice again putting your life on hold for best part of 2 years. All relative to circumstance I guess and if you had enough in to make you a million it's different.

The mad stork is short here farraway so there's at least 3 camps here then not your 2. He's said it today and in the past. then you've go tthe bitter peop-le like TW and Jub capital who lost a lot of money or went bust shorting this despite pretending to be experts so they are grinding axes under pseudonyms.

Rns says yes advisers still helping with asset sale the bid chose as best offer

So a bit like non-binding offers "substantially all the assets" has a technical meaning and not just a bad/confusing translation. Just leaves you to wonder if Rosgeo counts in that or not. If we had some of those to go at, or just a couple of the 9 areas I could see we could leap on just fine not as a shell really compared to current activities but it may suit the BOD to treat it as such. It did sound promising to me that out of all the interested parties we had chosen this one to pursue and so no longer technically a sale of the company or FSP. Points to NN for me as they would be least motivated to own EUA outright. But could be the Japanese or anyone. Was really hopign for suspension or more updates myself this morning and wrapped up in a month or so. Maybe it does free Ian Hart of UBS up to start his new role as head of the takeover panel on july 1st. That was my best hint of a conclusion deadline before now.

If they keep 700m they guarantee the share price staying at 30p with cast iron support, but if going onto rosgeo I think they could keep just 200m and still be worth over 30p with that track record and funds and options

Already discussed this very poor ill informed article. Finance in place lots coming if sell assets cash strong. It's an exploration company fulfilling its model almost perfectly

Every looser wins, until the spelling bee begins