Not complaining24 Jun 2021 12:55
At the current sp as it’s given me the opportunity to effectively double my holding, over the past week. Something that I never thought I’d be able to do. Quite unbelievable that we’re down here though, given what we’ve been told over the past six weeks.
The BOD have given us many pleasant surprises this year BUT I believe they’ve left the biggest one til last.
This has probably been covered by some, so apologies for this.
‘As announced via RNS on 14 January 2021, Eurasia and its advisers have engaged with a wide range of parties interested in acquiring either the assets and/or the Company. The Company has more recently focused its attention, including providing due diligence access, on a limited number of potential bidders who had shown consistent interest in Eurasia and its high-quality asset base.
However, after conclusion of the joint venture with Rosgeo ("Rosgeo JV") in which Eurasia will gain a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent ("Pt eq") Russian Code reserves and resources in the immediate vicinity of the Company's Monchetundra Project on Kola (as announced on 26 March 2021), the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale.’
The beginning of the second paragraph. Why would they mention that if it was completely independent of the asset sale? I believe it isn’t and I also believe this is going to be a lot bigger than most expect. Hence my dismay at the current sp.
We’ll know within a week and we’ll all be seriously slicing the mainbrace!
GLA.
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