He1 did a placing to raise funds to put the company in a strong position for negotiations with other parties, whether Joint Venture or buyout, not to go it alone
Mac, yes however you have to agree with most of that letter to be sent to the Board, an asset sale doesn't take this long and the communication has been a joke
If the assets aren't sold by Quarter 3 this year and placing happens then it's over for Eurasia.
The time this has taken is quite embarrassing to say the least. The BOD stated that they were hopeful to get the sale done before year end 2023 and they have failed again. Another 6 months is more than enough time. I'm getting sick of their excuses but can't sell because I've lost absolutely thousands. I'm now hopeful myself that the BOD step up and at least get something for these assets
RE: GGP went x 65 from .55p to over 35p7 Feb 2024 11:31
Exactly and after the excellent Noble RNS yesterday and we are in an even better place, it is a serious possibility those kind of increases could happen here
The bottom line is they have hit the jackpot and if any of you have any common sense you will buy some shares at this ridiculous giveaway price. It will continue to rise and re-rate for a while yet, just buy and hold