Unlike some special people who claim to know the ins and outs to within a few minutes, I prefer to consider what is likely in the coming weeks and months. Our Board of Directors are professionals, the notion of a leak is not worth considering.
Nomad RNS – Whilst it would have been better to stick to original timings, this didn’t happen. Not the end of the world. Now we are in a period without a Nomad, it makes some sense to wait until w/c 25th May to announce the Nomad appointment, gives the company longer to add extra information about flank approvals or opening bids.
When trading resumes – some people will want to sell, many investors and funds will wish to buy, share price will react accordingly. Rose 100% in the couple of weeks before suspension so no reason to doubt this will stop. Could see 15-20p by end of June if buying pressure continues.
Sale of Monchetundra – main asset to be sold, expect to see some bids this summer that recognise what 15Moz of Palladium are worth over the next 20 years (over $25bn after AISC of $325/oz taken into account). Norilsk Nickel in pole position with proximity (as recent RNS kindly reiterated). Max price once flanks approved $2-2.5bn
Sale of West Kytlim – keep producing until it is sold to maximise revenue. No need to sell on the cheap, expect minor producers to be interested. Makes sense to sell at similar time to Monchetundra if suitable bid received. If recent plans to increase production are feasible, expect Max price $500m
So as many others have said before, Eurasia could be worth up to $3bn when sold in full. So much room to grow from current 7.2p, look beyond the Nomad ‘issue’, once it is sorted it will be full steam ahead…
