Eurasia Mining Share Discussion Threads

[block4gooner] 27/3/2019 11:50

1p per share as an annual dividend?Is that at all possible?I'd vote for that!

[block4gooner] 27/3/2019 11:48

Maybe someone can explain changes in share price to me.Sales today of 438105 but buys of 1186098 but share price goes down.Is it down because there are more sellers and less buyers?As the are more shares in total bought, why does it not go up?

[edgein] 27/3/2019 11:46

CC,

I'd be quite pleased with a 10-20% uplift in the reserve without future drilling. Now that the company are looking for more Pd and Ni in the area surrounding MT its exciting for the future. I would imagine with some more drilling below the pits and along strike we may be able to double the current reserve from the existing mine licence. They could go substantially underground if the resource extends that far at $1550/Oz and some of the lowest mining costs globally in Russia. Currently reflecting the $55m NPV at WK and $180m odd for MT currently would be a good start. Market still not too impressed yet, but perhaps they will be when the free cash flow is multiples of the market cap. I'm looking forward to 1p per share annual divis.

Regards,
Ed.

[book5] 27/3/2019 11:40

I believe eua needs to start pre-stripping from April
I am not sure what are the eua deliverables for the 50 millions contract , anyone?
It may include the survey, mining plan, new feasibility report, pre-stripping, premises , and some more

Imho We are here for a long time before market fully values mt

[excellance] 27/3/2019 11:31

Book, I agree, I think Sinosteel are now committed, but I don't see the money just yet.

[book5] 27/3/2019 11:19

Cc

If I remember correctly Eku has/had 20 million and put some orders to sell

[book5] 27/3/2019 11:14

Ex

Where do you get cash has not been made available?

Works are starting: , survey, feasibility report, mining plan....all need cash,

Do we agree coconut day prize was yesterday? ,

[charles clore] 27/3/2019 11:13

Book - 20m seller? I don't know who you are talking about but perhaps you could enlighten me?Ex - I agree the share price seems to be supported in the main by WK. This can be justified by last years impressive increase in production figures and the extremely low cost to EUA. However it is imho only a matter of time before the sheer value of MT shines through. That will happen when the company announces the first drawdown of cash from Sinosteel which I think will be soon. The way I see it finance has to be drawn down in advance for progress to be made. You could even argue that it costs money to go over the MT reserves data in preparation for the new bfs. So cash from Sino soon imho.

[excellance] 27/3/2019 10:49

It looks to me like still very little of Eurasia's valuation includes MT, it is mostly all about WK to date.

So as MT makes good progress towards production it isn't making any profit, but WK is, so MT, the elephant in the room, is still largely ignored.

I do think that we are near tipping point at MT, we are now into pre development site prep phase, Sinosteel have agreed the plan, but still no cash payment or on site commitment...yet.

Meanwhile, WK is where the action is, and we should be getting a very interesting and exciting update very soon, and WK constitutes probably 90% of our mkt cap right now.

[book5] 27/3/2019 09:13

0.50p must be the lowest the traders sell at
A holder has 20 million bought a lower level
He may be de/risking
All good
I am Going for the Long term here, bring it in

[bonzodog1] 27/3/2019 09:05

Even with good news in the last 6 months it seems no one wants to buy here, yesterday's volume was shocking for a decent update, very slow burner but we shall be handsomely rewarded In The next 6 months

[charles clore] 27/3/2019 09:04

Ed - I think that with the huge increase in the price of Pd there will be a significant decrease in cutoff grade and an increase in economic reserves. Add to this the flanks and I think we could be looking at a resource double the current size. A potential monster at MT and in the background at WK we also have a very profitable producing mine with scaleability.

[charles clore] 27/3/2019 08:51

I think russ and his mates have been scalping a bit more profit following yesterday's news. I don't know why they don't just sell the lot and be done with it because it must be quite stressful for them constantly living under the veiled threat of a price crash. The poor things must think that is a possibility or they would be holding on tight!

[excellance] 27/3/2019 08:06

And I'm expecting a nice day today

[edgein] 27/3/2019 08:00

Moreover, I'm now expecting them to be receiving the $50m sub-contract money in the next few months as well as this seasons WK money too.

Regards,
Ed.

[edgein] 27/3/2019 07:58

Zhockey,

Its not a DFS from scratch, its an upgrade to the existing DFS, most of the fundamentals remain the same and no more drilling has been completed on the site since the first DFS.

"The ground works and other studies detailed within the report will then contribute to a more detailed Feasibility Study of permanent conditions and a revised reserves statement made on the basis of the existing Feasibility Study and the reserves report already approved by the State."

They'll just have to look at the areas that were marginally economic at $600/Oz Pd now that we're about $1550/Oz, perhaps lower grade areas around the margins of the pit or the higher grade but deeper ore too. They certainly don't need to do a DFS from scratch and have as much said so. Also the new info is coming from the report which they've just signed yesterday, so it needs to be done anyway, if it also aids a reserve/DFS upgrade and shows the market the current value of MT, all the better.

CS has already commented on the fact that they don't need to raise money. If they were made an offer that they cannot refuse like CC said above, a small placing at a large premium it would make sense for them to get the share price recognition it deserves.

Regards,
Ed.

[pennstreet] 27/3/2019 03:14

Yes - CS mentioned something in an interview (proactive, I think)

[cudgietoo] 27/3/2019 01:34

Here's a question for (very!) long term holders ..

Was there some clause whereby we could claim back VAT on exploration costs upon receipt of the mining license? - There's something in the back of my mind along those lines .. but I'm addled with age

Or maybe just addled

[excellance] 27/3/2019 00:25

The question is, if they spent £5m buying shares on the open market, how many could they hope to acquire?

Of course buying on the market means the cash doesn't go to Eurasia.

[cyberbub] 26/3/2019 23:56

Charles yes I had been thinking this too. A 'premium placing' is not unheard of in a company which is grossly undervalued - at the end of the day if a major investor (say JPM, who bought big into Asiamet where I also hold) wanted to put say £5M in, given the fairly advanced stage the project is at, I would hope that 1.5p would be a minimum price? That would be an approx 12% dilution, not calamitous by any means - and would give a huge boost to confidence in EUA (as well as greatly reducing risk).Just a thought anyway, NAI etc

[book5] 26/3/2019 21:36

There are warrants that will be converted if price reaches 1.8p, there may be some at other levels??
And some options would be converted too
These would add to eua’s cash position

We need big buyers get interested in eua, they will decide the price eua share is worth. They are coming, they must or will loose out.

[charles clore] 26/3/2019 21:24

At this stage it wouldn't surprise me to see a major investor buying into the company at a premium to the current price. This would underpin the share price, give a confidence boost to the market and raise the price at the same time. The major investor would probably carry a lot of weight in the sector and might even buy out the whole company at a later stage. This would of course add great desirability to the stock and if it came to pass, the shares would rocket imho.

[cyberbub] 26/3/2019 20:28

While recognising that it's still a long and not risk-free road to production at MT, surely there can't be much stopping us now advancing towards a pretty basic 2p valuation (approx £50M) in the coming weeks?? Frankly, if we do need to raise a few mill (which I don't think we do) then if CS does it at 2p I don't give a stuff.NAI