Eurasia Mining Share Discussion Threads

[excellance] 27/3/2019 22:20

So all those reports saying palladium was going to increase another 30%...was all a lie to get private speculators to buy while the banks sell?

Hmm

I wouldn't put it past them...but I think pd just went up too far too fast, and now we'll see a correction and consolidation...before the next leg up?

[11_percent] 27/3/2019 17:34

Pd days are over, the Central Banks and Bullion Banks are using paper shorts to kill the price.

[excellance] 27/3/2019 17:27

Pd down 5%

[book5] 27/3/2019 16:48

Palladium , probably it is the case of buying the deep
I don’t have money to play though
Just saying

[book5] 27/3/2019 16:39

Similar volume to yesterday
High price movement

[wooster4] 27/3/2019 16:31

mostyn - very true about the state of the AIM market - simply dire!!

[cool hand kev] 27/3/2019 16:30

Back to where we were LoL

[mostyn] 27/3/2019 16:23

Bear in mind it's coming up to year end so we will get some tax loss selling and some profit taking to utilize the annual capital gains tax allowance. It's surprising how dull most AIM junior resource stock have been over the last few months. We are supposedly in a position where commodity prices are expected to rise, but there seems little excitement anywhere.

[charles clore] 27/3/2019 15:55

Seems someone didnt like yesterdays news!

[excellance] 27/3/2019 15:33

Pd down 4.4% now

[drh3] 27/3/2019 15:11

I think (and hope) funding will be arranged with an off take agreement, whereby a lump sum is forwarded and repaid during production....

[bonzodog1] 27/3/2019 15:01

I think the days of big share price rises on anticipation of future revenues are gone on aim, the market needs to see profits banked so might be awhile yet so keep hold

[excellance] 27/3/2019 14:54

I think IF he took a short position when he first mentioned it, pd was about 1550 I think, so maybe marginally in profit now?

Anyway, it's none of my concern, tho I wish him well with that. I obviously prefer the idea that pd hits £5k per Oz!!

[charles clore] 27/3/2019 14:31

ex - maybe russ has hit upon a winner with that. Good call.

[excellance] 27/3/2019 14:19

Guru,

How's that pd short going, pd now down 3% today?

[russiaguru] 27/3/2019 14:12

I am just cautious about companies needing funds at the moment mos to companies are raising below sp, sometimes far below.

Recent examples, jlp, I3e, haydale, red etc mostly way below share price

[excellance] 27/3/2019 13:38

Meanwhile, palladium has been taking a breather, dropped back a little after a spectacular run, gold and silver have been treading water, not really going anywhere, but platinum has been quietly strengthening nicely.

Brexit is as uncertain as ever, causing chaos in UK and EU politics, some business decisions are bound to be delayed another few weeks.

US and Chinese economies are also struggling to shake off recession.

So there are headwinds right now, possibly causing a "risk off" situation for industrial commodities and miners.

On the plus side, russiagate has been proven to be a lie, there was no collusion between trump and Russia, so maybe some of the anti Russia rhetoric was unfounded, russiaphobia is a unjustified witch hunt.

The other obvious plus for us is a rising pt price, since we are producing pt and the extra revenue goes on our bottom line, and, we are self funded from that.

Also, we have agreed finance and a plan to develop Monchetundra, where the mix of metals is both industrial and precious metals.

We are in a great position really.

[charles clore] 27/3/2019 13:12

russ - worth remembering if you don't sell you don't incur any losses. I think we are at a stage now where we can reasonably assume that work is going ahead at MT. I won't be selling any for the foreseeable future.

[excellance] 27/3/2019 13:06

You think that's bad, did you see cadence over the last week?

[russiaguru] 27/3/2019 12:57

We need the spread sorting it's crazy, people got spiked yesterday with immediate 10% loss

[ekuuleus] 27/3/2019 12:30

bought a few more last week and prev week.

Got some small sales triggered ranging from about 1.6 pence to 64 pence.

Ambitious aren't I!

[excellance] 27/3/2019 12:26

Don't worry, the penny will drop soon...

[block4gooner] 27/3/2019 12:14

Thanks for the explanation.

[edgein] 27/3/2019 12:10

Also why does it not go up? Well there could be a sell order close to the ask and until that's shifted it'll not rise regardless of trading. Like the action on the bid it depends on orders placed.

Regards,
Ed.