Eurasia Mining Takeover Rumours (EUA)

Eurasia Mining Chart

Eurasia Mining Takeover Price

Eurasia Mining Takeover Forum Posts

They won't consolidate unless their is significant material change, ie open offer to finance MT, reverse takeover, or major new project to finance. Consolidation doesn't do anything except remove the penny share stigma.
Looks like the beginnings of a Russian takeover. I imagine DS and Churacov are buddies. We are now nearly two thirds of the way through the fourth quarter and still no news of the ML submission. Having been informed by EUA that it would be submitted in Q3, I guess CS is just busy on Kibo and Blenheim. Business as usual I guess. HB
Z, correct, and although we don't have specific detail we do know that our contractor is performing so badly that they've lost their exclusivity! This only reinforces my opinion that despite best intentions the current management are not equipped to deliver and we are in a very exposed situation, and hence my opinion that we will be flogged off, probably in bits, and Eurasia will no longer exist in its current form beyond end of 2018 and possibly much sooner. I hope there is some value left for us when the vultures carve this to bits. I did suggest a while back that we may be subject to a reverse takeover, so new management can raise capital on the London money markets, but who can say until it happens... Obviously it would be better for us if we can hold on, turn WK into a profit maker, and get MT derisked and ready for sale as a going concern. If we throw in the towel now we will get nothing!
Palladium is at the highest price in 5 years and 50% up in the last year and Eurasia share price is showing no interest at all. As Monchetundra gets closer to a mining licence there ought to be a number of companies running the ruler over the company. This ought to be a classic takeover prospect, with a project worth a multiple of the company's market cap excluding any other assets. Hopefully the mining licence will be quicker than the expected 12 months.
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