Eurasia Mining Share Discussion Threads

[excellance] 21/4/2021 07:56

We aren't over a barrel, we have the ability to raise significant capital through several options.

A bit of brinkmanship maybe?

It has to be convincing to work.

[cblandy] 21/4/2021 07:51

EX- Cash is king...agreed. But IMHO why should the Japanese NOT put up all the cash? What are they getting for doing that? Well they have the cash and EUA have what the Japanese want for that cash and the Japanese really are in a corner as they have 'dirty water' and a very large car manufacturing industry that needs a ready supply of what we have in/on top of the ground.

I'm just maybe not quite as convinced that we are over a barrel...just a thought.

[excellance] 21/4/2021 07:36

Apparently gold has broken out of its downward trend, so gold producers should have a good few weeks ahead.

Pgms and base metals flying too of course.

[1liam] 20/4/2021 23:39

Boatman123, I managed to sell some shares in EEE last week just before they dropped.

[mold breaker] 20/4/2021 23:15

100M oz = 2,384 Tonnes
EUA not all Palladium... but puts it into perspective.

[mold breaker] 20/4/2021 23:03

Global mine production of palladium from 2010 to 2020, by country (in metric tons)

2010 2015 2019 2020
Russia 84.7 80 98 91
South Africa 82.2 73 80.7 70
Canada 6.7 24 20 20
United States 11.6 12.5 14.3 14
Zimbabwe 7 10 11.4 12
Other countries 9.54 8 2.42 2.6

[lastchanceinvestor] 20/4/2021 20:09

Good explanation, excellance.

[lastchanceinvestor] 20/4/2021 20:08

OK mouldbreaker, that's a healthy reminder. Basically the world needs these minerals.

[mold breaker] 20/4/2021 19:13

LCI ... look what happened to Audioboom after FSP came to nothing. Different industry but 6 months after failed FSP share price up 200%!

[excellance] 20/4/2021 19:09

cash is king, and we dont have much cash, so any JV partner will want their pound of flesh if they are expected to put up all of the cash, but if we can raise a chunky amount then the JV partner has less leverage and less power over us, so the ability to raise cash significantly strengthens our hand both in negotiation with any JV partner, but also alerting any potential buyer that we are positioning to refuse a takeover and instead go down the JV route.

it all makes sense if we want to get a reasonable deal rather than the usual over the barrel deal that we see so often.

[lastchanceinvestor] 20/4/2021 18:27

Bulls and Bears at argues that Taneco may purchase EUA. There is the non exec director connection, and he may be able to rope Tatarstan and Japan into something joint. And there is a direct rail connection from Monchegorsk to the Taneco plant.

[1lynchy] 20/4/2021 18:23

Taneco -japan connection?
Taneco majority owned by Tartarstan government.....Eua new non exec director Tartarstan trade envoy to Japan???

[lastchanceinvestor] 20/4/2021 17:40

I'm not actually sure what to think about this. It seems possible that a capital raise of some kind is in the offing, although only up to a certain limit that should not have caused the shares to slide from 30p to 25p. On the one hand, the BoD is saying the resolution is only just in case and to strengthen our hand, but then bidders can read the RNS's too. One way of looking at it is that there is a plan B - a rights issue and/or placement and some kind of JV with Taneco or whoever. We don't absolutely need Norilsk. With hindsight, the fact that the EGM last year failed to have a placing option passed (owing to a lack of preparation for the resolution in the nominal accounts) has clearly meant that any bidder has offered a low-ball figure, pointing out that the company only has a few million pound left and no right to issue shares. Clearly, last year DS thought this would be wrapped up without needing any more issues, but NN or whoever has refused to come to acceptable terms.

Now the best thing would be for NN to say "now we see you have the right to issue a certain amount of shares, we will now offer a sensible offer", but I'm not sure business works like that. Could the money be used to pay for the new licence areas? What is the Japan connection and the Taneco connection? We don't know the significance of any of these things. All possible scenarios are good on a two year timeframe, but really, after an FSP lasting a whole year, we want the jam now. How can you have an FSP lasting a whole year and then say, "forget it folks, but if you hold on for a few years, you will get a payday"? This has become beyond frustrating.

Having said that, the right to issue 250m more shares when there are nearly 3bn in issue should not have taken the shares down 20%. That is clear manipulation. If shares are issued - and they may not need to issue the whole lot, I would hope that some news is released first to boost the share price I feel with this BoD that they hold their cards close to their chest and do have things that can be released if need be. E.g. Absolute Precision was working in the Monchetundra area - could it be that we get an official reserves upgrade from 1.9m oz to 15m or more, thus giving us a lift and limiting dilution? Obviously, we are stabbing in the dark, but the MMs like the sound of an EGM allowing more dilution - it gives them a reason to take the share down, albeit by an unjustifiably large amount.

[yasyas1] 20/4/2021 16:06

When is egm again??

[excellance] 20/4/2021 15:38

Me too CC.

Tilting my pf towards EUA a little more.

[cblandy] 20/4/2021 15:01

Everything across the board seems pretty flat this week so far....

[boatman123] 20/4/2021 14:54

I wish I could , it's a steal at this price ! No funds anywhere unfortunately

[1liam] 20/4/2021 14:03

2nd top up of the day.

[underhill2] 20/4/2021 14:01

Deramping idiot

[asagi] 20/4/2021 14:00

what evidence do you have that Eurasia Mining has received offers that it is discussing with a view to eventually put them to shareholders?

The FSP has been going on nine and a half months. Jimmy Choo was all done and an offer put to shareholders in 92 days. Eurasia Mining has required 200 more days than this and still has no offer to put to shareholders.

According to the Corporate Finance Institute:
A non-binding offer, also referred to as an indicative offer, is used in a sales process to establish the terms of a deal between the seller and the buyer. It serves as an “agreement to agree” between the two parties. Through the document, the buyer expresses an interest to acquire the target, but the agreement is not intended to be legally binding and, therefore, it does not constitute a binding contractual commitment to pursue the transaction to the end. It is often used to keep discussions and negotiations moving along between the buyer and the seller.

and

A non-binding offer serves as a useful tool to show whether the seller and the buyer share similar terms and views about the transaction.

A potential purchaser should make a non-binding offer as attractive as possible to stand out from other purchasers. The offer should demonstrate the purchaser’s ability to meet the terms required by the seller. The offer should be reasonably priced to show the seller that they possess the financial capability to complete the transaction within a given timeline.



we were told on January 14th that Eurasia Mining has received non-binding offers. But it seems that neither Eurasia Mining, nor the offeror, wished to put these to Eurasia Mining shareholders. That suggests that the indicative/non-binding offers were not at a premium to the share price.

If you wished to purchase Eurasia Mining outright, how long would you leave an offer on the table? How long would you allow EUA to keep your offer confidential and discuss with other parties? Again, the absence of an announcement from any other party in all of this time tells me that there is no offer available to shareholders at a premium or modest discount to the share price.

Asagi (short EUA)

[pennstreet] 20/4/2021 13:31

You seem to have overlooked the fact that there are already several non-binding offers on the table!Pennstreet (long EUA)

[1liam] 20/4/2021 13:27

What is the connection with the French. Are they looking to buy Eurasia Mining as well? Suggest they line up behind the other interested parties!

[asagi] 20/4/2021 13:20

This is the longest FSP on record, by some 40 days at this point.

Sorry, TheMadStork, but that is not correct.

I wrote:
The FSP at French Connection, for example, persisted over 400 days.

French Connection FSP commenced: 19th October 2018
French Connection has agreed with the Takeover Panel that any discussions in relation to an offer for the Company may take place within the context of a formal sale process


FSP closed: 31st January 2020
In October 2018 the board of French Connection (the "Board") announced that it was in the process of reviewing all strategic options ... including seeking offers for the Company pursuant to a formal sale process in accordance with the City Code on Takeovers and Mergers (the "Code") (the "Formal Sale Process").

Conclusion of Strategic Review

After completing the review, the Company has concluded that it will now focus on completing its turnaround and build on the progress made in recent years, in particular through the following actions:

End of Formal Sale process
...
Having completed its strategic review, the Board of French Connection therefore announces that the Company is no longer in a formal sales process pursuant to the Code. As such, the Company has ceased to be in an "offer period" as defined in the Code. The disclosure requirements pursuant to Rule 8 of the Code are no longer applicable.

duration

French Connection FSP duration: 469 days.

Do you fancy another six months of Eurasia Mining FSP?

Asagi (short EUA)