Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
More chance of that happening than anything Kira says
Significantly all of assets going in my opinion
Last week update = Russian asset sale….No potentially
GLA
Shareholder Question and Answers
Regarding the most common questions received from our shareholders to put to the Board at the AGM:
Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?
It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining.
Q2: Have the board used the circa £14m from the recent placing?
No. As announced on 4 June 2021 the cash balance of Eurasia is c.$23m. The work programme is being developed in relation to the Rosgeo Joint Venture.
Q3: Can the board release a comprehensive update regarding the potential asset sale?
Our RNS of 12 May 2021 stated the Company had received a proposal for the potential acquisition of substantially all of the Company's assets, and that the transaction would make the Company subject to AIM rule 15 (any disposal which exceeds 75% in any of the class tests is deemed to be a disposal resulting in a "fundamental change of business"). The Company has provided as much detail as permitted by the AIM Rules regarding this proposal and looks forward to providing more detail when appropriate and permitted by the AIM Rules. Proceeding under the remit of AIM Rule 15 would require a shareholder circular to be published and a general meeting of shareholders held to approve any transaction.
Q4: If commenced, how long will it take for the Monchetundra Project preparatory works assigned to TGK?
The engineering, procurement and construction ("EPC") contract allows for an 18-months to 2-year construction phase to commence in line with pit preparation works, undertaken by Eurasia subsidiary TGK, in a sub-contract costed within the EPC. These preparatory works include stripping at West Nittis and Loipishnune, transportation and compacting and dumping, slope grading, compacting of run of mine pad.
Q5: If a dividend is paid, following a sale of assets, what would be the dividend date?
The Directors and management (being the largest shareholders in Eurasia) intend to proceed with a dividend payment as soon as practicable following a sale. The date from which a shareholder qualifies for a dividend will be determined when the terms for a sale are agreed.
Keep the facts coming Mac, you can’t get away from facts …good updates GLA
Let’s have Euphoric, what a great BOD phrase
GLA
Journey ending shortly
14 Jan Successfully conclude strategy
6 th Jan 22 Pleased
30 th Dec 21 Delighted
21 st Dec 21 Delighted
16th Dec 21 Jubilant + Delighted
6 th Dec 21 Delighted
23 rd Nov 21 Execute on our strategy as announced
16 th Nov 21 Delighted + Happy
28 th October 21 Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence.
As announced via RNS on 30 September 2021, since the receipt of the Proposal in May for the potential acquisition of substantially all of the Company's assets, additional interest from other parties is being considered by the Board.
It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers.
We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We are advancing our development projects to production, increasing production on our operating mines adding value to Eurasia, while also focusing on other strategic options that are progressing well.
20 Sept 21 Delighted and Confident
15 th Sept 21 Delighted
26 th august 21 The Directors are delighted to see tangible progress on our JV with Rosgeo that is an integral part of our development strategy and a part of some of our strategic options that we are developing with our advisers: UBS and DLA Piper".
11 th august Enthusiastic
26 th July Delighted
15 th June The Directors are committed to maximising the value for all shareholders, and thus committed to advance the Rosgeo JV concurrently with the progress we are making on our strategy as announced.
This year of 2021 is unprecedented for Eurasia in terms of the Rosgeo JV completion, West Kytlim production ramp up and the cash balance the Company has at hand, all contributing to Eurasia's strong position to execute on its strategy".
12 th May 21 Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are committed to maximising the value for all the shareholders, and we are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders. We are also committed to the concurrent development of the Company in two PGM districts: in the Urals, where we have recently had our DFS and Technical Project approved to expand volumes with 3 plants in production this year (as opposed to 1 plant in previous years); and in the second district of Kola, where we concluded the Rosgeo JV to significantly expand our presence both in PGM and in battery metals segments. The Board has a strong confidence in our opportunity to create a globally significant PGM and battery metals pr
Come on EUA. We believe.
Thank the lord for filter
News will be with us
Biblical incoming deal in way as per RNS over 2 years
Your investment your decision
GLA
If you are struggling to sleep you haven’t done your research properly or over exposed ….
Load up everyone only a matter of time before news....
RNS will land that’s for sure……20 years of preparation …I’m still happy, no delighted and pleased with the investment ….lots of value still with this I feel
14 Jan Successfully conclude strategy
6 th Jan 22 Pleased
30 th Dec 21 Delighted
21 st Dec 21 Delighted
16th Dec 21 Jubilant + Delighted
6 th Dec 21 Delighted
23 rd Nov 21 Execute on our strategy as announced
16 th Nov 21 Delighted + Happy
7 Years…if need be then ok….the assets are needed across the world.
2 year aniversary coming up from first getting on board. keep adding to filter and share pot...drive average down which ive done..underwater but happy with decisions ...coz i make my own choices...dont get influenced by no one (other than the Mrs) make own investment decisions based on research. GLA
Sheila=Mad….she needs to get some fresh air
Two years ….got my average down to 16.5 …updated the family just said it is what it is….not easy though. Time for the Board to turn this into something as they have often said they were doing. Let’s hope this ends soon.
All the negative points made by those that truly dont undertand what we have here in the making....Lovely
Asher…..share..
Bacefook…thank you, world is full of **** and also some good things, we were a normal family like 1000’s of others….who are finding a way to deal with it all in our own ways.
Ref Boris….Leaders Lead by example…..final word from me on this as I don’t usually add such personal statements as there are people suffering worldwide so can’t dwell on it all to much as it sends you insane.
Tell you what though this Asher has been a great way for me to switch off..over the last two years there has been plenty to entertain me.
GLA….BOD will come good ..simple either you believe or you don’t
Bang on Gecko, the 18 th May 20 I buried my twin brother of 48 who lost his battle with covid after going into hospital for a operation on his foot …( doctor said when he died every major organ in his body had failed) he caught covid whilst in hospital….we had to face time him when was in final minutes of his life ( can’t put words to what that was like ) …on the 15 th and 20 th when they were having parties me and my brother and two sisters who were the only ones allowed at the funeral were not allowed to even hold hands or hug each other. Afterwards we drove directly to our own houses with no get together to have a drink to remember him….Not even allowed to go to the funeral house to see him for a final time ….couldn’t take any clothes to bury him in he had to be hurried in his gown from hospital ….to top it off Boris was on tv saying he would deliver the independent review for the Bereaved families then wrote a letter saying he couldn’t do it and went back on what he said…..yeahhhhh top bloke Boris ….a great leader having parties whilst people were going through things like this. ….time is a healer and families who have gone through similar have zero confidence in anything Boris says.
It doesn’t matter until it either gets sold or they tell us isn’t selling…price may drop if it doesn’t but in a few years these metals will be worth more as will the price …..prices going up daily.
Unless it’s a con which lets me honest ….UBS, Wardell , DLA….so on so on
It’s out of our control….BOD are doing their job.