Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Hi Mike, they did answer in a rather ambiguous way. Possibly the reason why Alexei himself is still on the ‘team’ part of EUA website as an advisor. The advisory service was terminated with the his company, not Alexei. They sadly updated the website immediately following the passing of Gary Fitzgerald, but Alexei himself is still there which is why, especially with his holding and options, I feel he is still involved.
“...have a service agreement with Venus Garden Holdings Ltd, a company 100% owned by Alexei Churakov, for advisory services, further to Alexei Churakov's appointment as a strategic advisor to the board of the company. However, this agreement had expired prior to January 27, 2021”
It’s not quite 100% clear.
I’ve been involved in two business where the majority share has been bought out by an equity firm in both cases. From initial CIM distribution to transaction close time scales were 7 months and 9 months. Both in the $25m to $75m range.
Neither were full takeovers and clearly smaller than what EUA are looking for!
Evening Ian, some strong contenders in there today but no cigar. Another day when number of messages exceeds number of trades clearly shows bubbles of excitement, and threads of excrement.
Here's to a raging bull Friday culminating in a golden ticket shower for all.
Hi All,
I believe the exact words"Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.” Text is standard boiler plate used in many instances and certainly not specific to the EUA RNS so I wouldn’t read anything into it whatsoever.
I can’t see where in RetiredBanker’s post he is deramping, just making observations.
My feeling is the buyer(s) own due diligence is both extensive and time consuming, as it should be for an investment of this size. They won’t pay a blind bit of notice to things like ACF reports. They are probably undertaking a significant qualification exercise to demonstrate to themselves that what is claimed to be in the ground, is in the ground, using their own trusted analysis processes.
The more recent DFS will certainly be supportive of the buyers due diligence efforts, but by no means complete.
I’m with you Stonk. EV batteries are complex, heavy, expensive, and the jury is out on their life expectancy but I remember the JLR dealer telling me 60,000 miles...
I really do think fuel cell technology will come on leaps and bounds and the amount of platinum (with palladium in development now) is far more per vehicle for a fuel cell than a catalytic converter. It can only really mean good news for these metals.
Lancerman,
A shame your useful post was hijacked by Tracey from Facebook.
I’ll carry on. It may have been discussed before but with such a heavy bias of usage of the PGM set in the vehicle industry (mostly for catalysts reasons), I’m wondering what the future holds for PGM when a lot of main manufacturers are phasing out IC engines over the next few year. I see Volvo recently said 2030 onwards was their cutoff. I guess there’s still going to be a the repair / servicing element passed these manufacturing cutoff dates.
So with a long term reduction in what is the current main use for PGMs (not interested in jewellery, waste of PGM), what do we see as the main ‘demander’ for PGM.
I keep hearing electric car batteries, but the majority metal is nickel. I do read that manufacturers are looking to use small quantities of PGM to increase battery efficiency, but the main constituents are not really changing in the near future.
So my mind is wondering to new uses of PGM that aren’t quite market drivers yet. They are amazing materials for driving chemical reactions without contributing or degrading. So perhaps the untapped demand lie in solar, medical, batteries, hydrogen cell tech, etc.
Good post Lancer, got my brain working.
Crikey Kumarr, what a question to hit this BB with. If you estimate anything below £1 then members tend to get filtered for none conformance, despite that price delivering significant gains to most.
If you estimate >= £35 then you’re labelled a hero and can attract quite a following.
I’d say those are your min / max values but grab a coffee and read through the EUA research, presentations, video, geography, metal markets, and draw some of your own investment conclusions.
Good luck
Cheers Mac. I appreciate the small team is probably a little tied up at the moment.
Out of interest I love those massive Tonka Toy mining trucks as per NN tweet a couple of hours ago. Would love to have a drive of one sometime!