Member Info for theofficecat

When to begin due diligence
Don't start due diligence until you have agreed a price and terms with the seller. They may agree to take the business off the market during your investigation. This is known as an exclusivity period - and the seller will often ask for a down payment to secure it.

I doubt the "credible buyer" got much of an exclusivity period due to the several other interested parties especially after Rosgeo JV signed. I doubt "we" would wanted to be tied down with so much other interest for a start. Definitely didn't get to the stage of break fees. As always said you don't spend a lot of time and money carrying out DD unless you are in basic agreement to start off, in the same ball park at least on price.

So those of you who think that the DD buyer holds all the cards, well I think you are wrong. More likely sweating that there offer is not bettered by other parties. Meanwhile either waiting for KPMG to do their stuff and/or Nyud licence (IF included in a sale) gives the BOD feet up and chill while choosing best offer on the table all the time war situation calms and one day bang!

he referred to his computer Re Keith actually

yes he could bundle some together eg Re Nyud, got to say interesting that at least we know still in government hands so won't be any JORC/CPR imo until handed over officially. Now that will be a nice RNS.

However they have to answer any questions from share holders in one form or another, it is a "legal" right. As said the couple I asked online bore no relation to answers he gave to some. As said a few times why do think he was surprised at so few given how aware they were of twitter/social media?

Not blaming him, blaming site running, or not, the show. It calls into question everything include if votes were registering

EIEO1 no you are 100% wrong on this. The questions online were not submitted to him or ignored and that is a fact. Other posters saying questions ignored and I know mine had nothing to do with anything said. eg one was about assets outside Russia as stated in annual report and I linked it to the Meyer/proactive investors remarks saying similar

EIEO1 sorry you ae incorrect again...........

Since launching the Formal Sale Process on 1 July 2020, Eurasia and its advisers have engaged with a wide range of parties, and have to date received non-binding offers in respect of both a possible acquisition of the Company as well as other transaction structures.

EIEO1 that is incorrect, he did not, it was maybe not his fault if they were not passed to him or even registered properly but there were many online, including mine, he did not answer. hence he was so surprised, as said pretty sure they realise it was a **** up now albeit not their fault but company running it for them. You have to ask, as I have, did votes even register correctly?

E1EO1 yes you pressed him well. The fact is offers have been made as they have said so in RNS, albeit non binding ones. These are still firm offers from a buyer, they are not binding (material?) unless the board accepts and moves to a share holder vote. So it is a play on words imo, he was definitely keeping it all close to his chest but for me all positive (well what we got of it!) DD buyer still at table is huge! I think they are probably worried knowing all the other interested parties sniffing around. I reckon their offer is on the table ready but the BOD still looking at if any better options/bids.

CTC? flitered that moron ages ago lol

I suggest folk "politely" E mail company and ask for a Q & A RNS similar to last year due to the very obvious technical problems that occurred. I would think by now Christian has worked out something went wrong?

I asked a few online, as many others did I suspect, they were not asked, they should have been, it is a share holders right.

Let's hope they put it right

As I kept posting no "credible buyer", who would have had DD done on them by UBS, are going to spend millions and months successfully carrying DD out are going to just walk away. Unless there was nothing in the ground lol. They would not even have bothered if they were not in same ball park on figures as the BOD. Lots of options/structures and interested parties still around.

Going to ask them for a Q & A RNS as the technical aspect of the meeting very obviously didn't work.

E1EO1 well done for asking your question but really the rest? What was the point them being there? did they not want to know anything dear me!

So few question because obviously the messaging service was either not working or they ignored it. I put a couple and I suspect others must have as well. Going to ring up and try and find out wtf?

However good that DD buyer still at table

only one question from the floor? wimps!

DD buyer still at the table!

only 84 online at AGM, says a lot.......... can't see how many there in person, a few at least. Christian, Artem and James there, Remote Tamerlan, Kataro, James. No Dmitry

starts

Mjd2020, has been taking questions fine since opened, my guess is it/they are over loaded and temp paused it

Bucky - Meeting ID: 182-777-772

Amur, simply because you have to prove you are a genuine share holder so rules out idiots like you, jog on and filtered

tcxman sorry too hear that, they must have been quick off the button to beat you? maybe it was the one said was taking a screen shot of your details? One does wonder why a non holder would want to log in? perhaps for same reason so many post on here, w4ankers!

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