Eurasia Mining Share Discussion Threads

[aidenabettin] 20/9/2019 08:55

New guy????.Since 2014, Mr. Churakov has advised the board in talks with Sinosteel helping structure the EPCF contract with the $50m subcontract agreement between Sinosteel and Eurasia's subsidiary TGK. 

[book5] 20/9/2019 08:54

8 out of 10 employees of previous miner (which in all fairness is a earth engineering company) will have remained on site if Eua pays them the same daily rate

Why would Eua not pay them?

[russiaguru] 20/9/2019 08:54

Mt being a strategic resource they can't just sell to a South African company, they need approval.

[lew stules] 20/9/2019 08:53

This new guy would not have bought into WK unless there was a potential for a decent return on investment.
I know it's been a long haul with lack of information however I do believe we are now moving towards an end game with a takeover or joint venture imminent.

[charles clore] 20/9/2019 08:49

Podcast required please !!

[thebeastofbodmin] 20/9/2019 08:48

I simply cannot see EUA putting as much as a spade in the ground!
I thinks thats a complete red herring, they are after all geologists not miners (I take into account they may have plans to commission a team) but that will need managing etc, and to date their communication and efforts on site have not been up to scratch so why would their mining skills be any different?
I'm convinced the whole lot will be sold and TBH hope that is the case as I am bored with them and that is taking into account I might have a few more on the basis that they might sell the resource?
Just my opinion, lets see?

[cool hand kev] 20/9/2019 08:46

I'm confused :-(

...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."

So do they have two wash plants on site one operated by the contractor and one operated by themselves.


How difficult is clarity?

[aidenabettin] 20/9/2019 08:32

Lost in translation?

[amont92051] 20/9/2019 08:30

As always with EUA that's typical, 2 differing statements in one announcement.

I still think they won't be getting 100% til next season, it's not clear.

[aidenabettin] 20/9/2019 08:26

Does the swap include CS going to lesego or a clean break.What about the CS shareholding?

[amont92051] 20/9/2019 08:26

Sorry BRV beat me to it !

[amont92051] 20/9/2019 08:24

Where are you getting EUA are taking full control of WK from now, the RNS states

"From the next season Eurasia's own in-house team will manage production at the mine site, having purchased the necessary equipment including the enrichment plant. This major development increases Eurasia's share in top line platinum sales from 30-35% to 100%"

[billyrayvalentine] 20/9/2019 08:22

PennStreet
19 Sep '19 - 21:07 - 25298 of 25311

So we have about 2 more months of mining left for the season. All revenues going to EUA - 100%. That must be a substantial addition to the 58kg recorded so far ?


"From the next season Eurasia's own in-house team will manage production at the mine site,..."

...PS, are you sure, cos to me it looks like current contractor's staying till end of this season, unless I've missed the bit where it says, that they are gone?

[excellance] 20/9/2019 08:20

I wish Eurasia had issued two separate rns's last week to lessen the obfuscation.

[edgein] 20/9/2019 08:11

Book,

They're not sitting on their hands wondering what to do next!

"Mr. Churakov has assisted in developing the West Kytlim phased production increase strategy involving both Eurasia's own team and its contractors. 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."

Regards,
Ed.

[book5] 20/9/2019 08:08

Wk
Eua is no sitting with arms crossed watching the season passed, that is for sure
When civil companies go bust while on site assets are transferred (we now this had happen at WK), and 8 out of 10 employees stay as they don’t have where to go and they carry on working if someone pays them the daily rate
So in my view we have 80% chances Eua is working or about to start working at full steam

[aidenabettin] 20/9/2019 08:08

Proschai !!!!!!

[aidenabettin] 20/9/2019 08:05

They are going crypto.Chinese sovereign crypto launching 11/11.TOKENISATION OF ASSETS.Dollar being devalued like many major currencies to make the switch to crypto easier.EUA devalued for the swap?

[edgein] 20/9/2019 08:03

EUA now only need to produce around 20kg to be as good as producing around 60kg before. If they manage to do just 45kg from when the contractor has left to the mid Nov it'll be higher net revenues compared to last season. Also the results of the assays reported suggested grades from 1g/tn to approx 4g/tn (much higher than the first area mined).

Regards,
Ed.

[cool hand kev] 20/9/2019 07:49

55kg of platinum?
So what about other PGM?
I think that I read in platinum and palladium are mined together something like a 55/45% split but no mention of other PGM's

[pennstreet] 20/9/2019 07:32

Yes, from the point of the announcement

[snowman100] 20/9/2019 07:29

Pretty sure it"s from now...contractor is gone.

[drh3] 20/9/2019 07:20

Penn, Is the 100% going to EUA from now? I thought it was from next season....would be nice if I am wrong.