Eurasia Mining Share Discussion Threads

[aidenabettin] 03/5/2019 12:22

$BTC $5700.Next stop $6k and then $10k in quick time

[edgein] 03/5/2019 12:12

CC,

Take em with a pinch of salt. For example Abrahe thinks that a company with no reserves and years of exploration drilling behind EUA is worth more than £55m, While he's very negative on a company with 2m Oz reserves and an EPC in place as well as planned growing production from WK and a cap of just £12m. Go figure! Its just noise as far as I'm concerned.

Regards,
Ed.

[abrahe00] 03/5/2019 11:18

@UTT - you're almost right. Except that I am justified in my criticism of the management as I made my buying decision based on the information that they decided to put out there.I am not a trader and I will sell up as soon as the Kulchiki resource estimates are released.Financing for MT is a long way away and they'll need the cash from WK to fund some of the $30m they need to find. Which means there will be less to invest in WK next year.AIMHO...

[excellance] 03/5/2019 11:03

It's always good to challenge the dominant narrative.

[book5] 03/5/2019 11:00

Truth is, discussing doubts (mine or others) put my mind at rest, as I come to the same conclusion: very cheap indeed, great reward ahead

[excellance] 03/5/2019 10:11

Rambler doing great todsy

[excellance] 03/5/2019 10:08

CS never said there would never be more dilution.

Dilution was necessary because the warrants weren't exercised and he thought they would be, so he hoped no more dilution was required on that basis.

Never say never...

[russiaguru] 03/5/2019 09:57

ex - if aimed at me, I am not saying that, just want to confirm for myself so taking a look back at the drilling results and reserve figures, I think they are correct from previous research but cautious considering recent cs 'no more dilution, dilution' comms.

Still worth a great deal either way for EUA considering current mcap

[upthepool] 03/5/2019 09:43

So abrahe00

You are concerned that this management team have lied about the reserves
You don't trust the management team
You are concerned that they will give away their prized asset for next to nothing

And yet you still hold

And you keep coming on here venting your spleen

Weird....very weird - imho of course

At least russ has made his position clear as a trader - and is obviously out at the moment given the tone of his posts :-)

You, on the other hand, come across as someone who thinks he / she has made a bad decision (or that the share price has gone down so is mad) and wants to blame everyone else for his / her decision making

[book5] 03/5/2019 09:20

Have a look balance statement last June
From memory 40-45% of Sp is backed up by assets, and there is not debt
So risk for shareholders to lose 55% of investment is extremely low , as It would give a value of zero to rest of reserves, wk operations
Risk reward ratio is very good , with liquidation value of only assets at around 0.25p
All from memory, I am in the move

[book5] 03/5/2019 09:07

This is along trip
No fireworks any time soon

[book5] 03/5/2019 08:58

From memory new share base has increased from 2.2 billion to 2.9 billion
That is lots of shares and options
Still within rising channel, why?
Lots of smoke , foggy, may be intentional??
Share Price ok, others are much worse

[russiaguru] 03/5/2019 08:54

book - sure but EPC contract is low risk for SinoSteel, hand over the mine, mine cant produce (EUA management), SinoSteel takes the whole company and all resources.

[book5] 03/5/2019 08:37

Russianguru
I went about all of that in the past

Ratios vary dependent on what you measure:
In the ground ratios, vs extracted ratios ,
So message is not inconsistent, but badly explained as usual.

For me Ratios are logic

Re reserves, I believe Sinosteel is happy with them and stated want to go ahead with finance, New reserves report coming soon

Share is within channel up even after hundred of millions of new shares issued during last 12 months, why????

[book5] 03/5/2019 08:31

From memory : After discounting our plant and other assets all our reserves are valued around 9 million, why?

[russiaguru] 03/5/2019 08:30

book - calm down, I'm doing my own

This is what raised a question against my own research
-----------------
Lenoman

Go read the presentation and make sure you fully understand what they are claiming they have at Monchetundra, in particular the meaning of C1 and C2 Russian resource categories.

You really need to check every single thing this lot published. Take the below for example.

RNS 13th. June 2018

“Monchetundra project contains state approved reserves and resources of 2 million ounces PGM with a Palladium:Platinum ratio of 2:1…….”

Presentation dated November 2018.

MONCHETUNDRA-80% owned –2Moz of pd eq PGM (2 PGE + Au), 3:1 Pd:Pt ratio……”

What is the palladium to platinum ratio at Monchetundra? Is it 3:1 or is it 2:1. Reporting on the upside is their MO. Lies, bullzhit and obfuscation is their stock in trade.

A reserve is the economically mineable portion of a resource. Until further work is done on a resource you cannot say for certain that it will be economic to extract.

Read this:-



Eurasia’s definition of C1 and C2!

“Russian C1 and C2 categories broadly correspond to Proved or Probable Reserves in international reporting codes, as the economics of their development must be demonstrated in parallel with measuring the Reserve. Russian category P Resources broadly correspond to Inferred Resources in international reporting systems.”

Compare what Eurasia claim the definition is with the document I posted, section 6 page 11. Again it's a highly misleading interpretation. Furthermore you will have noticed Eurasia always refers to Monchetundra as C1 and C2. In reality C1 as a proportion of the overall total is only 1.54%. In fact C1 is 428m tonnes whereas C2 category is 27,377m tonnes. Can you see now why I keep saying they always report on the upside but in doing so they are being highly disingenuous.

You cannot trust anything they say or publish with this lot.

TDT

[book5] 03/5/2019 08:28

Russianguru

What was the question ?

What finishes on Sunday ?

Eua doing a new reserves report

[abrahe00] 03/5/2019 08:21

What was the question? And, what should be finished by Sunday?

Apologies in advance if I've missed something.

E.

[russiaguru] 03/5/2019 08:09

ek - just re-analysing all eua's rns's today as TTD on lse raised a very interesting question about MT's C1/C2 classification the other day.

Should be finished by Sunday.

[johncasey] 03/5/2019 07:50

loads of snow forecast for finland..that will put back production for a few weeks

[book5] 03/5/2019 07:06

Cud

I believe it has Nothing to do with the tilings but an addition to the the washer plant module

Probably filter/sieve holes size have been reduced , so they need to vibrate table holding the sieve to maintain / increase the water flow; by vibrating the particles, they are constantly moved away from the sieve, preventing they block the little sieve holes . So it allows to retain lower size particles without reducing tons gravels treated every day. Just a theory, no totally sure

[aidenabettin] 03/5/2019 05:06

hTTps://www.bloomberg.com/news/articles/2019-04-15/with-sanctions-lifted-rusal-to-invest-in-kentucky-aluminum-mill.Its a funny old game