RE: Stick,sell or add21 Jun 2021 16:06
All
People seem to be forgetting the the big picture here and what has been included in previous RNS’s. There will definitely be a sale one way or the other. If, for any reason, it doesn’t happen with ‘the credible party’ then please read
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.
There are many parties still with their eyes on our prize. This is f#cking boring and painful to watch and I agree, we should have specifics. It’s been six weeks now since the potential asset sale RNS. Too long not to follow up. It will happen though.
Stay strong. GLA