Eurasia Mining Share Discussion Threads

[ekuuleus] 17/9/2019 13:25

well there we go.

I'm not surprised production was down. There were a number of hints. I am surprised we gained about 30% in the last 2 weeks on the back of that poor performance. Very little else had changed other that the appointment of the advisor.

I think the appointment must have been even more positive than we think because on 55kg production, I'd expect a drop in the price.

Either that or the next news on MT is exceptionally good news and a few people are accumulating.

Spread even worse today.

[snowman100] 17/9/2019 12:27

Metals taking bit of a tanking.

[excellance] 17/9/2019 12:07

Remember, new boy owns no Eurasia shares, he simply owns 25% of deloan, a holding company for DS owned and controlled by him.

The question I suppose is, what is the plan for deloan?

Will deloan hold shares in other companies too, or be sold to other interested parties and hence our new boy benefits from a sale only if it happens?

[aidenabettin] 17/9/2019 11:55

Atomic swaps????.Will CS rocket with Apollo in Botswana.Who will swap next?

[cool hand kev] 17/9/2019 11:01

Yeah back to bed :-)

[mostyn] 17/9/2019 10:33

CC,

I can't see much rocking and rolling until there is much more clarity on their medium and longer term strategy, and until we get more information on what stage they are at in their progress to production at Monchetundra.

[aidenabettin] 17/9/2019 10:27

Pesky sellers aka shareprice manipulators. Its the same at TSI only 100 x's worse.Common denominators?.CS, Russia and China.And the UK for laundry purposes

[charles clore] 17/9/2019 09:46

Let's just get these pesky sellers out of the way and then we can rock n roll

[book5] 17/9/2019 09:40

AB,

Arriving at MT today


Good to know our geologists and project managers are busy

GLA, we should have more rns by end of September

[aidenabettin] 17/9/2019 08:59

Im a bit surprised ex is not talking up URU

[edgein] 17/9/2019 08:41

"Eurasia has, today, also acquired its own enrichment plant from West Kytlim's operating free cash flow and will continue producing hereafter on an owner operator basis with 100% of mine revenue payable to the Eurasia."

"In addition, acquiring a washplant to commence and continue mining on a 100% of revenue basis is a significant development for the Company. We now have a very well established team at site with the necessary skills and experience to ensure a successful operation through the rest of the 2019 season and to ensure timely commencement of mining in 2020."

I think those statements are quite clear, as of yesterday they've both washplant and staff ready to complete the 2019 season and prepare the 2020 season by themselves. When did the contractor leave? August? July?

From now on Mr Churakov can implement his plan:

"Under his guidance, the team has designed a new and extensive project development programme, with the specific objectives of reaching stable and sustainable growth as measured by mine output alongside reserve and resource upgrade programmes at the West Kytlim Mine."

To me means a greater and higher volume of production from taking on the project at 100% basis as well as continuing the very shallow drilling and sampling programme.

Regards,
Ed.

[mostyn] 17/9/2019 08:36

As usual, judging by the comments on this board, yesterday's RNS seems to be capable of multiple interpretations from very positive to mildly negative. This is typical Eurasia - give just enough information to set the hares running all in different directions.

There were a number of unanswered questions as to why production was materially below last year. The changes to the flowsheet were meant to improve production not reduce it. We also started the year with a stockpile from which to work, which was meant to ensure continuous production.

Was throughput lower than expected, or interrupted.
Were grades lower than expected.
Were recoveries lower than expected.
Why do they think they are going to do better as operators.

It's hard to see why a tie up with Lesego would be the best option for Eurasia. I would have thought a JV or partial sale would make the company less likely to be a takeover target in the future. In the event of a JV or partial sale would the shareholders see much benefit or would the market give a huge yawn. Is any potential deal being done to obtain finance, or expertise in running a mine in future. Would any tie up enable Eurasia to accelerate the path to production at Monchetundra. Would any deal at this stage enable shareholders to obtain the benefit of the flanks opportunities at both West Kytlim and Monchetundra. Does all this mean that we are looking at developing a significant mining operation more quickly so that shareholder rewards will be in the form of longer term capital appreciation and dividends.

We have not yet approached the greatest value adding stage for Eurasia when West Kytlim is in full production and Monchetundra has reached that stage. At that point Eurasia is at its most valuable.

Questions, questions, questions........

[aidenabettin] 17/9/2019 08:30

Your going to be very disappointed

[snowman100] 17/9/2019 08:29

She's going to blow. .step away from the cracker aisle !

[pennstreet] 17/9/2019 08:20

Our mkt cap is ridiculously low! Why would institutions be interested in a tiddler? We need some more block busting news

[aidenabettin] 17/9/2019 08:14

The directors will just gove it away for free

[sclper] 17/9/2019 08:14

With a Chinese company sniffing around our assets I think the share price is going much higher

[edgein] 17/9/2019 08:09

Book,

Take a look at the assays for Kluchiki and tell us where they are low? They were released at the end of 2018. Also once the contractor has been told they're no longer needed they're not going to stay there unpaid, they'll pack up and go. You're speculating on the same or greater volumes of gravel processed, RNS doesn't give those details. I'm expecting a significant increase in volumes of gravels processed and raw platinum recovery from this point forward now that the company are fully in control. One of the next RNS I'm ready for is state approval of the additional reserves followed by the second wash plant.

Regards,
Ed.

[charles clore] 17/9/2019 08:08

They want our stock and they're willing to pay a big premium for it. Some will sell early, not me lol I've been waiting for this moment for too long!

[book5] 17/9/2019 08:08

Penn
Careful with the fat finger
I would not put any dummy sell order
Enjoy the trip mate
We don’t need to help you to eat your hat!
🚀 , it may continue

[aidenabettin] 17/9/2019 08:05

hTTps://m.engineeringnews.co.za/article/dmre-accepts-uru-subsidiarys-zebediela-mining-right-application-2019-08-30.Its looking very much like you guys are of to South Africa

[sclper] 17/9/2019 08:03

Looks like MMs have a big order to fill - someone building a stake?

[book5] 17/9/2019 07:57

Exc ,
AgreeNews spreading, we are going up big way

[charles clore] 17/9/2019 07:56

It looks like it. Bout time too.