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EUA Eurasia Mining Plc

1.40
-0.025 (-1.75%)
30 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Eurasia Mining Plc EUA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.025 -1.75% 1.40 12:05:03
Open Price Low Price High Price Close Price Previous Close
1.425 1.386 1.425 1.40 1.425
more quote information »
Industry Sector
MINING

Eurasia Mining EUA Dividends History

No dividends issued between 30 May 2014 and 30 May 2024

Top Dividend Posts

Top Posts
Posted at 28/4/2024 21:18 by spikeyj
I wonder which Xmas petersmith had in mind? … doesn’t seem to be much happening.

meanwhile, it’s been a while since love_a_good_jubbing chipped in - would be mildly interested to know his current take on EUA prospects.
Posted at 26/2/2024 13:20 by valentine73
More of a 'bore' trap if it involves EUA
Posted at 16/12/2023 13:37 by jaknife
I’d be surprised if the Chinese bid for the “assets”. I’d be amazed if anyone would be so stupid as to bid for the “assets”!

The supposed “assets” were extensively mined by the Russian state from c. 1930 to 1990 before being abandoned. And the supposed “assets” have never generated a penny of profit for EUA in all their years of ownership. Indeed the recent accounts very clearly show that the cost of getting the shiny stuff out of the ground has always exceeded the price at which that shiny stuff could then be sold!

It’s difficult to imagine why anyone thinks that the “assets” are worth more than a big fat zero!

JakNife
Posted at 14/12/2023 20:06 by wj12
Lots of ramping taking place on LSE, just like the old days. EUA has these fantastic assets that for some reason still haven't sold after nearly 4 years.
Posted at 14/12/2023 11:18 by purchaseatthetop
EUA pays its legal bill and now has even less cash. Cue calls for sale RNS!
Posted at 09/12/2023 15:50 by excellance
As an investor into EUA from the Anglo days, the WCF note was not of any interest to me. It was merely a research note using information already in the public domain.

Yes the Kola assets were mined by the Soviets until 30 years ago, but they mined for nickel, and EUA are looking at PGMs.

The WK development was always going to require capital, as every mine does, to get off the ground. It is a low cost seasonal surface mine and can easily be mothballed when PGM prices are low, and this is what has happened. The PGM produce up til now is subject to terms of a deal, and my guess is that the potential buyer wants to pay the current price and not the price when it was mined, so it's in a vault until prices rise again.
Posted at 08/12/2023 01:04 by jaknife
excellance,

"It's not looking good, and all thanks to the ridiculous sanctions as NATO numpties threw their toys out of the pram when Putin once again thwarted their globalist plans."

It's nothing to do with sanctions and nothing to do with NATO, it's 100% to do with Eurasia ripping off retail shareholders with a fake takeover scam.

But ... but ... but the Ukraine war you irrelevantly warble!

The Russian invasion of Ukraine started in Feb 2022, well after Eurasia's directors had paid ACF Equity research to put out the most corrupt research report of all time that had the title "Does Monchetundra make EUA a £1bn+ play?" (dated 3 February 2020). Eurasia's director paid ACF to put out outrageously scandalous forecasts with the aim of sucking in retail investors to buy buy buy buy buy!

ACF told investors that in 2021 EUA would have revenue of £341.2 million and a profit after tax of £164.1million!!!

The actual revenue was just £2.3 million and a loss after tax of £3.1 million.

see:

No was the answer, Monchetundra did not make EUA a £1bn+ play. However, it made for a great story to sell to retail.

And on the back of that story Eurasia raised $45m of fresh equity in three separate placings ... and now all of that money has "disappeared".

There's no point blaming sanctions and NATO, the only people to blame are your directors, ACF Equity Research and yourself for falling for being so gullible to fall for the story to begin with!

JakNife
Posted at 09/11/2023 11:22 by tigerbythetail
I don't quite understand the technicalities of the winding up petition.
When exactly does EUA's fate become certain (if it does)?
And why hasn't the share price reacted more strongly to the threat of a imminent
total shareholder wipeout?
I do wonder if EUA's management aren't letting EUA go bust in this way to avoid the Queeld / Misfire court case, and what may come out then. One question I have is were the Queeld shares sold off behind Queeld's backs by "somebody" whilst the share price was so ridiculously high. (This would explain the strange reluctance to replace the mysterious "missing" share certificate).
Anyway, I'm hoping that this saga ends soon. It's gone on way too long. Hopefully, the authorities are investigating, but I doubt it.
Posted at 03/11/2023 13:27 by jaknife
Cjb1971,

"Not something ive made up mate.
Was just sharing info on here i had seen incase others had missed it.
Very sad to see this happen, without the war could of been a much different outcome."

The war is/was irrelevant to the ultimate outcome, it's simply speeded up the process because EUA can no longer send funds to Russia to fund the ongoing mine operations which were/are loss-making.

There was never going to be a takeover or asset sale along the lines originally implied because that was simply a fake takeover scam to sucker in retail punters.

Note, for example, that the Russian invasion of Ukraine started in Feb 2022. So let's look at how Eurasia performed in the 2021 calendar year, before the war started. Here are the results for 2021:



Revenue of £2.3m
Loss of £3.1m

But compare that to the original corrupt report by ACF Equity Research "Does Monchetundra make EUA a £1bn+ play?" from February 2020. It forecast for 2021:

Revenue of £341.2m
Net income: £164.1m

How could EUA have missed those forecasts so materially? It wasn't the war that's for sure. It's because the forecasts were bent! And so was the whole premise that their assets were ever worth £1bn+!

JakNife
Posted at 20/9/2023 14:23 by tigerbythetail
Does anybody understand the pending High Court court case fully?
I don't understand why EUA didn't just issue a replacement share certificate to Queeld. I could understand why EUA would be reluctant if they were bearer shares, but I don't believe they were. And how come Queeld "lost" such a valuable document?
Frankly, it reeks of Russian "biznes" (i.e. fraud). But I can't make out who has cheated who! Certainly, if the FCA were a functional organisation, then they should call in the EUA share registry for examination. But, alas, the FCA are what they are...

As for the war, I don't think Ukraine will lose. But I do think it could go on for a long time. We should have armed the Ukrainians much more heavily much sooner, whilst the front lines were fluid and before the Russians sowed so many landmines. (The reported density is phenomenal - up to 9 per square metre. The Soviet Union must have had tens of millions of the damn things in storage).

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