Eurasia Mining Share Discussion Threads

[excellance] 01/4/2019 22:03

When Anglo paid for MT drilling, palladium wasn't particularly valuable and neither was platinum, and they had a strategic review which caused them to cut costs and pull out of non producing assets and focus on survival.

More drilling was done after they left to prove up what we have now.

If they wanted back in now they wouldn't be buying on the open market, they would directly approach the company.

MT is currently a mid tier asset, but could yet prove to be tier 1, and is low cost to start up.

Exactly how big MT is remains unclear.

As for C1/C2 classification, it just means the limits are unknown, the reserves to some extent calculated based on drilling results and comparative models.

[book5] 01/4/2019 21:41

Exc

For me , question is about the C2 reserves ?, they could be better defined, But is it necessary? Is this C2 uncommon At this stage?
Is C2 resources too risky for big player to commit?

If the C2 reserves are good why is Angloamerican not buying shares? They did majority of the drilling, they should know well the resources geology..?.

Just asking, I don’t know

To more extrange thing for me is why anglomaerican is not buying shares, they should have a budget to add resources at early stage of development. Their share price is doing well, times 9 in 3 years, so the could through few millions to the open market...the are a 26 billion market cap company

[excellance] 01/4/2019 21:31

We all know the positive possibilities, so lets look at the negative aspects...

1. Russia?
2. Platinum?
3. Short of cash?
4. Small team packed with geologists, not much mining experience?
5. Two decades of losses
6. Track record of dilution
7. 0.60p warrants
8. Waiting for cash from Sinosteel
9. Unclear how we pay our 15% for MT

Have I missed anything?

[dr darkstar] 01/4/2019 21:18

Can't see it myself given that the MT prospects haven't brought them !

[book5] 01/4/2019 19:39

Two washer plants should bring the buying
News soon??

[dr darkstar] 01/4/2019 19:03

I agree we need substantial buying but most LTHs here are maxed out, So get the word out guys!!

[book5] 01/4/2019 18:04

Traders adding?
We need substantial buying

[drh3] 01/4/2019 17:12

And a 1m worked buy after hours?

[charles clore] 01/4/2019 16:30

A nice 500k buy just before the bell.

[book5] 01/4/2019 15:33

Stocks doing well

[edgein] 01/4/2019 14:10

Yeah market volatility will settle on the pgms after more of the shorters close. Interesting that they couldn't or didn't risk doing to Pt what they tried on Pd.

Regards,
Ed.

[excellance] 01/4/2019 14:04

PGMs going vertical today, maybe something to do with oil price rises reported in Cape herald. Apparently fuel prices are rising in south Africa, and that will impact the costs of the mining sector...meaning marginal pgm mines may close!

[excellance] 01/4/2019 14:01

Ft is good.

Are all our rns's reported in the ft?

[book5] 01/4/2019 11:18

Press knows about us:

[book5] 01/4/2019 10:47

Sinosteel share is doing very well, there are not doubts they are able to raise the necessary financing

[russiaguru] 01/4/2019 10:30

Ex - sinosteel still needs to raise the financing itself along with eua.

Good news though, share price is approaching load up zone.

[excellance] 01/4/2019 10:28

From the last rns, what do we think is meant by the phrase "and the expected associated financing" in this context?

"Sinosteel advised Eurasia that it is prepared to work in close co-operation with CKE towards commencement of the EPC contract and the expected associated financing."

Are they saying that the associated financing is now released, or in place, or dependent on the outcome of the next stage?

Am I just being picky, but is this purposely vague or just bad English?

Deja vu...??

[charles clore] 31/3/2019 22:40

I hope everyone had a good weekend. I have been looking at the chart and as book says, it does look like a re-run of last year. However, there are some notable differences in the fundamentals such as no debt, estimated production at WK likely to double that of last year, the increased price of PGMs and of course, the elephant in the room which is MT. Having said that I think the price may look to retest 0.475 before news of the start of production at WK and it could get as low as 0.45p. Of course, I will be waiting with my wheelbarrow full of cash because the likelihood of it staying at that level is pretty low imho and we should be able to look forward to some decent price action throughout the year. See you on the flipside.

[book5] 31/3/2019 20:59

Snowman you may be right
Looking at the graph at the head of this thread , Last year March graph is similar to this one

[1xtrader] 31/3/2019 15:46

Thought you be interested in this

[snowman100] 30/3/2019 19:12

Well done Alexei!

[book5] 30/3/2019 15:48

AB

Congratulations
Get the Pd out of the ground!!

[excellance] 30/3/2019 15:06

AB has passed his exam with a high score too, well done to him...his message reads-

Your #Palladium is in good, capable hands now! 😅😂😅😅8516; hxxps://t.co/GxhH49uBLD

Check out @AlexeiBoucher’s Tweet:

"your"
"palladium"
is in
"good"
"capable"
hands.
👐

I'm sure it is Alex.

[driver101] 30/3/2019 14:22

Mold breaker

Ok