Share Name Share Symbol Market Type Share ISIN Share Description
Eurasia Mining LSE:EUA London Ordinary Share GB0003230421 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.02p -5.00% 0.38p 4,383,722 13:06:18
Bid Price Offer Price High Price Low Price Open Price
0.36p 0.40p 0.40p 0.38p 0.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.18 -2.14 -0.14 8.9

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Trade Time Trade Price Trade Size Trade Value Trade Type
14:16:110.39500,0001,950.00O
13:29:160.4050,000200.00O
12:38:400.37300,0001,098.00O
12:06:050.38509,0901,934.54O
11:45:060.40145,918588.05O
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Eurasia Mining (EUA) Top Chat Posts

DateSubject
18/10/2018
09:20
Eurasia Mining Daily Update: Eurasia Mining is listed in the Mining sector of the London Stock Exchange with ticker EUA. The last closing price for Eurasia Mining was 0.40p.
Eurasia Mining has a 4 week average price of 0.37p and a 12 week average price of 0.37p.
The 1 year high share price is 0.90p while the 1 year low share price is currently 0.21p.
There are currently 2,344,680,569 shares in issue and the average daily traded volume is 7,130,344 shares. The market capitalisation of Eurasia Mining is £8,909,786.16.
18/10/2018
09:51
mostyn: CC, I am putting forward a view. If I knew all the answers I wouldn't be posting on bulletin boards, I would be working out how to spend all my money. OK, so what drew me to that possible conclusion. 1. The market in small miners on AIM is not great at present. Even companies with good drilling, good resources etc aren't garnering much interest. If you look at announcements, you are getting upward movement on good news and then a few days later the share price is back to where it started. Maybe I'm watching the wrong companies but the one's I watch are well below their peaks even with good news flow. 2. My comment about the stock not rising as far as when the WK licence arrived just related to the fact that there are many more shares in issue (probably near a billion) and most have been issued and/or bought at much lower prices, so investors will be showing a very large profit at much lower prices, hence the temptation to lock some in. 3. The licence is a very big event, and I believe Eurasia will be worth much more with the licence, but much depends on whether there is further news/speculation to keep the excitement of receiving the licence going. If we get the licence and that's it, and there is no further near term news, the market is then going to start thinking well it's 18-24 months to production so not much news to come for a while then, especially as the WK season may have ended, so why get excited. 4. Everyone can try to put a value on a mining company with a resource and licence but there will be a huge range from low to high, and much will depend on the market mood generally and on the mood towards the relevant metal price in particular. While platinum, and palladium in particular, looks very good, there is no real excitement as yet. If the licence leads to corporate action then everything changes as the speculative excitement rears its head. My own preference is for the market to get, and remain, wildly excited by Eurasia's prospects and for the share price to rise sharply and remain on a steadily rising trend, as I suspect is the wish of everyone else on here. My past experience suggests that my preferences rarely happen as I would wish. This is a case where I would be very happy to be completely wrong and to see the some of the wilder speculation (10p+) happen in the short term. Good luck to all.
24/9/2018
15:51
smoggyg: snowman10024 Sep '18 - 14:14 - 8496 of 8505 0 0 0 What happens to share price when buys are recorded as sells. Or a dont know recorded....Is the share price recorrected at end of day? Recent 10M dont know at 43 is surely a buy./////// It is irrelevant what trades are recorded as,the share price is determined by the MMs. Each MM firm puts in the prices that it wants to buy/sell at and the highest price a firm is willing to buy shares for becomes the bid and the lowest price a firm is willing to sell shares at becomes the offer. You can have different firms 'on the bid and on the offer' and they can change positions as their 'books' dictate.
24/9/2018
15:22
mostyn: Just out of interest I looked at the number of shares in issue when the WK licence was approved. 8th July 2015 : 1,226,974,420 24th Sep 2018 : 2,344,680,569 On the day of the announcement the EUA share price temporarily hit around 1.8p valuing the company at around £22 million. Now that WK is actually producing the company is valued at around £10 million. Dilution tends to affect sentiment as well as just the number of shares in issue. A billion more shares (perhaps unavoidable to a degree) from a company whose directors have stated they want to limit dilution.
17/9/2018
13:39
mostyn: It's difficult not to get carried away when looking at the prospect of an approval for Monchetundra. It's easy to conjure up all sorts of numbers especially when looking at the sale of Kevitsa for $712 million. I have watched many juniors with excellent, even company changing announcements where the share price has spiked only to fall back again. The market in small resource stocks, even where there has been recent excitement, is currently miserable. In this environment the only way for a share price to appreciate consistently seems to be where there is extremely regular (and positive) news flow. A continued improvement in the platinum/palladium price would obviously help and in a sense Monchetundra may become a strategic resource with the forecast shortage developing in platinum/palladium. In spite of all of this I wonder how far the share price might move in the short term (assuming approval) and how many would be prepared to wait another 18 months until Monchetundra would be operational. Would a bid at perhaps a sub-optimal price be better than the prospect of having to hold for a perhaps better but uncertain future. Interested in any views. Edit: I know some on here are looking for anywhere from 4-10p. How would holders feel about 2-3p now. Just curious.
05/8/2018
09:54
charles clore: The way I see it is this. On paper we know there is at least $2bn worth of PGMs plus copper and gold and goodness knows what else at Monchetundra waiting for the Russian Prime Minister's signature. Wesk Kytlym is already producing 7kg which is approximately 250 oz Pt per week. At the current price of $830/oz the 35% EUA share brings in about $72k a week. Once the MT licence is signed does anyone think the company can continue to be valued at under £20m? At the moment it is under £15m which seems like a bargain. That is why I am finding the cash to buy more at these prices and when the price reacts to the next big news which should be the MT permit (but could be something to do with WK it should take us well over that £20m market cap imho. p.s. 'Imho 'orderly disposal' means selling in such a way as to not tank the share price which means waiting for news to sell into. Don't forget Sanderson initiated the loan settlement which was their right as it was a condition of the loan and the share price had reached a point whereby they could reap a bigger profit than if they had waited for the September settlement payment. A no brainer for them - that's what you get when you hold the aces. Now the pack is being reshuffled and EUA will hold the aces.
18/7/2018
20:04
charles clore: We have known for some time that Monchetundra is a rich polymetallic deposit worth billions of dollars. But that value has never been remotely associated with the share price. Until now, that is. The moment the permitting process went from the ministries to the Prime minister's office for final sign-off people began to realise that something big could be about to happen that would add value to the company swiftly and significantly. The first wave has hit EUA and it doubled the share price to over 0.9p before settling back tonight to a very respectable 0.76/0.8. The news hits this I believe it will attract a larger wave of new investors who are seeking not just a fair price for the stock but a prize far greater; the possibility of a Monchetundra sale or fast track joint venture which would lift the share price to long forgotten heights. Let's see how it goes after the dust settles.
11/7/2018
11:37
charles clore: I think someone earlier touched on the fact that the EUA share price has suffered a 20-year decline. That means a lot of people have bought at higher prices and will not want to sell at the beginning of an upturn with the long awaited MT permit practically in the bag, everything looking rosier and hopefully the price about to take off. So who is selling? Possibly a fundraising participant with a shedload of warrants to convert probably not too far away from today's price and needing to show a return on the placing price. No PI in their right mind would be selling this now unless they are a forced private seller, so maybe an under-researched trader or one of our invested institutions with warrants. For what it's worth I don't think the selling will continue for long as the herd will soon arrive with the scent of MT with a licence to mine (and possibly for sale) with 2m oz of reserves for starters. I am adding heavily on the dips as this is, imho, a no brainer and could soon break out to the upside. I have an initial target based on the chart of 0.75p. billionaire - perhaps they have produced a glossy brochure because they recognise that, strategically, now is the time they want EUA to be noticed by the market. Imagine a potential suitor being handed a plain unbound report.
03/7/2018
17:07
excellance: A high share price and market cap is like a vote of confidence in the management, the business and the sector in which they operate that a good return is on its way, and a high share price protects the company from takeover and allows management to raise cash easily. We have a very low mkt cap currently, and although the company now appear to be making profit for the first time and are on the brink of realising a huge success with regulatory approval of the large MT resource, we are still lower now than we were before we heard that WK was a fantastic success, thanks largely to the placing of 160m shares at 0.30p I don't believe that the placing small print would demand the management team to globe trot selling our story...but it does benefit them and all of us if the share price rises. Ultimately it will be news and numbers that determine the share price relative to yield, but that won't be for some time.
29/5/2018
22:48
excellance: I wonder what currency our PGMs are exchanged for? I know Russia and the ruble has suffered due to sanctions in recent years but looking at what's happening in Italy and how the dollar is benefiting handsomely as a safe haven, I think it could be significant what currency is used and which bank too. It appears there is a significant possibility of another financial crisis elevating from Italy and spreading across the globe, but surely Russia and PGMs will be insulated? I think any banking crisis will mostly effect the west, the epicentre being the euro, but if it spreads to the USA then rubles would be a great haven. I think eua share price may have bottomed.
15/5/2018
11:59
ekuuleus: Well, we are making some progress on understanding making money without risk. I am chuffed, although red rock spoiled it for me. 'If the placees sell at breakeven/a small profit they get to keep the 0.6p warrants which gives them risk-free exposure to any upside in the share price which hasn't cost them anything.' [sic] In this, the 'placees' sell the shares issued and make a small profit. So they pay company 0.3p/share. sell at 0.33p and make an instant 10%. They ponied up what £0.5/£1m? in the short term until they offload which they hope to do quickly. A price of 0.45p gives them 50%. If they can do this in the next couple of months, thats an annual rate of 100's%. Forget your 10 bagger, this is going to rocket rhetoric. This is a very low risk method without much happening to the share price. In addition they get warrants. If the share price languishes, they expire and are worthless but the loan copmany does not care, they have already made a better return than you'll see, even with a '10 bagger'. If the share price takes off, and say hits 2p, well, for exersizing the warrant at 0.6p, they get another 200% profit. The shareholders that have money to burn (you), pony up the money so the money men make a nice short term profit, more shares are in issue, they have the warrant to make a killing and you have a very diluted share. I think last time I looked, if this company make a profit, the warrants and other options will take a very large proportion so your upside is somewhat limited. The only consolation is that 50% of something is still something. When you ask, when will this get re-rated because its so wonderful, the answer is after the company stops these loans, makes a profit (in the annual return). Until then, the company only has 22 years mining experience and 22 years of losses experience. All the above and against my better judgement, yeah, I hold a few of these shares. I'm liking the news flow in general and am taking a very speculative punt.
Eurasia Mining share price data is direct from the London Stock Exchange
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