Eurasia Mining Share Discussion Threads

[stoph] 29/3/2019 07:36

Eurasia no longer showing as an exhibitor at UK Investor tomorrow according to UK Investor show website

[excellance] 29/3/2019 05:25

I wonder if the next WK news will have more detail about last seasons numbers, or will it just be forward looking?

Could be today!

[excellance] 29/3/2019 02:45

Could be profit taking for tax year end?

[snowman100] 28/3/2019 22:13

Will pick up after April 5th.

[book5] 28/3/2019 20:33

Cc

From the zerohedge article you posted this morning

Now take a look at the CME palladium stocks reports. The first report below is from February 27… the day the March19 went off the board. Note that the TOTAL vault is 42,583.095 ounces. The next report is dated March 22. Note that the TOTAL vault remains at 42,583.095 ounces.

Sorry CC you are right, 42.5k available

So vault banks have few oz available !!

Increadible how tight they are

On this figure, Price collapse looks suspicious....

[charles clore] 28/3/2019 19:48

Book - I thought there was only about 42k available.

[book5] 28/3/2019 18:11

Fascinating Pd price action

Intetestingvto see that CME group reports
42 million oz of Pd in vaults (registered + eligible)

If TRUE , those are Lots of oz, 6 years of consumption??

We shall see

But Pd has been hammered

[excellance] 28/3/2019 17:27

Surely everyone agrees that demand for pd is on the rise, whilst supply is restricted?

It does seem that the market thinks the pd price has been over cooked, partly because of reduced demand due to a slowdown in China, but the fundamentals are still relevant.

So yes, pd has gone too high too fast, but that doesn't mean that the overall upward direction is changed.

[pennstreet] 28/3/2019 17:15

I don't think we need to worry about the short term fluctuations of pd price. It's demand in the foreseeable future has been documented to death so we should reep the rewards at that time.

[snowman100] 28/3/2019 16:23

(Kitco News) - It’s time to short palladium, according to TD Securities, which is anticipating significantly lower prices in the short-term due to cracks in demand.

“We shorted June palladium at $1,431.50/oz, in anticipation of prices dropping towards $1,230/oz. We are taking a punt on the possibility for prices to acknowledge the sharp deterioration in the demand outlook. Acknowledging that timing the end of an asset bubble is a risky proposition, we keep a tight stop at $1,500/oz,” wrote TD Securities head of global strategy Bart Melek and commodity strategist Ryan McKay.

Palladium has been beating all expectations in March, rallying above $1,600 for the very first time, led by tight supply concerns.

The rally has encouraged some analysts not to rule out the $2,000 an ounce level.

But, TD Securities is not as optimistic on the metal, choosing to focus on weakening demand instead of the metal’s tight supply narrative.

“Looking solely at prices in the palladium market, which have rallied nearly 100% from the August 2018 low, one would not be aware that car sales in China are undergoing their most prolonged contraction on record. Of course, palladium's supply woes and structural deficits have been noted and have not been a surprise to markets, although they have given market observers a reason to look past the deteriorating demand outlook,” Melek and McKay said on Wednesday.

[charles clore] 28/3/2019 16:13

Ed - I agree with you about WK. I'm just a bit disappointed about the Pd price.

[edgein] 28/3/2019 15:19

Book,

I reckon this year will be better than last just because of the grades alone. Yes its possible they submitted the info to the Russian authorities some months ago. Even if its mid season or mid summer a second wash plant would have a major boost on production especially with the higher grades. Well they did mob the first wash plant to site before the season last year, so you never know. With the recent news it looks like EUA and Sino are pushing ahead towards construction rather than a buyout and no doubt multiple news releases from next Q onwards on MT too.

Regards,
Ed.

[book5] 28/3/2019 14:42

Ed

You are right, WK is in production and with Exciting news in the pipe line

2 washer plants this season? if from May that would be what we need to bring share price upwards. May be as Cudgietoo suggested 2nd wash plant already on site and ready to press the start bottom ??? Who knows

[edgein] 28/3/2019 14:24

Book,

Would you describe mid-late April 2019 as mid term? That's when WK could be potentially back in production for this season. With Optiva putting a $55m NPV on WK, and given its upside in grade and reserves its likely to be anything but boring. You'd hardly think it with the current cap but there's more to EUA than just MT. Looking forward to the WK reserve upgrade and arrival of the second washplant, I guess that's what you mean by 1.8p?

Regards,
Ed.

[snowman100] 28/3/2019 14:11

Pd 1363....WTF !

[book5] 28/3/2019 13:30

It seems MT will not be priced any close to its true value till we start delivering the metals in 2020/21
Time to switch off the screen till this reaches 1.8 p and brings some excitement
In the mid time very boring

[charles clore] 28/3/2019 12:13

Ex - I tend to agree with your 'long sideways movement' theory. Meanwhile, as Mostyn says, platinum is much more important to us than palladium as it will add cash to the bottom line for the foreseeable future no matter what happens at MT.

[mostyn] 28/3/2019 10:01

In the short term the movement in Palladium won't make much difference to Eurasia, whereas the movement in Platinum will impact West Kytlim to a much greater degree. Fortunately Platinum is currently going up.

[excellance] 28/3/2019 09:24

That zerohedge article is already out of date. It goes on about pd remaining in a narrow range, but pd fell below that yesterday.

The kitco article is also flawed, because it mentions the 50 day moving average, but not a word about the 200 day mav. Also, the fundamentals are totally different now compared to back in 2000, primarily because of automotive demand,, but also south African supplies.

Also the chart hasn't double topped!

So I think we'll see a prolonged sideways movement

[johncasey] 28/3/2019 09:17

palladium price crashing..all over?

[charles clore] 28/3/2019 09:05

Hereis an interesting take on the Pd price. Is the rally over? There is more to it than you think. htTps://www.zerohedge.com/news/2019-03-27/inflection-point-palladium

[book5] 28/3/2019 06:44

Current Ratio Pd/Pt<1.7
I believe Pd should recover to min 1462

[11_percent] 27/3/2019 23:32

excel,

Could be, lets see.

[willmac4671] 27/3/2019 23:15

Nothing ever goes up in a straight line!

GLA