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Eurasia Mining Share Discussion Threads
Showing 21701 to 21721 of 21725 messages
|Thanks Stuart .... some interesting insights in there|
Presentation for MI show|
|I wouldn't be surprised if Anglo American are interested as a JV.
Looking at their cost of production against EUA and all the current problems in SA it looks a no brainer IMHO.
Once we get those certificates we will be sitting on a goldmine or platinum mine maybe!|
|Lemuria....I could not see any evidence of them having the resource to fund anywhere near 20% of the equity, I believe they taking an opportunistic chance of striking easy cash flow from WK via MT.
As for the 20% future equity, with Sinosteel on board and a (future) prod license sealed, I would have quite a good feeling the company would be able to tender for a partner considerably less financially draining than Sanderson?|
|Lemuria wanted a low risk quick deal involving no capital.|
|Yes I agree on MT but once they have the licence they need to raise 20% of the equity. What concerns me is that Lemuria looked under the hood and walked away.|
|Even an option has value.
WK is a long term low cost operation abd is expanding all the time.
Revenues last year were negligible and this year will be meagre but in future years the return will be very helpful.
The share price currently reflects only WK but we all know MT is the real deal.|
|How can they sell STP, they only hold an option?
WK belongs on the discovery channel, maybe a way of making some money :)|
|With better terms of course!|
|Could they kick the ball down the road and secure a long term loan to pay off the wonga deal?...|
The problem is that all going well WK income will be $1M this year, they have a lot of debt building up and salaries to pay. I suspect WK income will only keep the lights on but the debt is a millstone and the constant fees will take their toll.
This is why I think the share price has further downside. MT will drive this but news IMO will not come until q3/4.|
|Bickering isn't going to help anyone...
Today's update was just a generalised report with no numbers at all. Presumably they wanted to tell us officially what they will be saying to investors at shows in coming weeks.
EUA don't actually need much money because the burden is now with partners. All we have to do is manage existing liabilities.
Cash will start trickling in soon, and production will ramp up little by little. Revenue streams allow the company to refinance on better terms.|
|Cash is right, you are better off ignoring those who disagree with the consensus, surely they must be wrong.|
|Nice trade at 09.28 for 5.05p which was quickly corrected.
If only it were true one day Rodney.
Update was fair enough no mention of MTR or by them on their page so who knows what is happening re STP. The loan obviously is there to be dealt with shortly and we all want rid of Sanderson.
Pains me to say it but getting finance still hard for juniors meantime and if Sanderson hadn't been there then where would we be just now.
Like the faxt they have met with authorities so one step closer there.
The dream is alive.|
|sell this baby down zhockey|
|Keep trying what?|
|Actually zhockey - on second thoughts keep trying. I could do with a slight dip to allow more into my ISA next month !|
|What about the $1M loan?|
|It doesn't matter whether WK is economic or not as EUA get paid a percentage of the revenue. Last year was essentially trial mining, which was successful, and the operation is being ramped up this year|
|He's being realistic as they have no money, WK is not really economic at this scale and will do well to break even. If they can get someone to fund STP then great, but it won't be easy.|
|Surprised that the update didn't include anything on DS speaking in Singapore ??
I really wish CS would use a slightly more optimistic tone in his updates !!|