Eurasia Mining Share Discussion Threads

[charles clore] 24/9/2019 10:06

Ek - sorry, I haven't been keeping up. What African deal is this?

[ekuuleus] 24/9/2019 10:02

Kind of agree abrahe. I don't think the market will tolerate this company asking for more money. It's had 22 years to try and make a profit. If it can't do it now it may as well be shot.

The african deal is equally bad. It either massively dilutes the opportunity here limiting upside, or it confirms this is a dead donkey.

[aidenabettin] 24/9/2019 07:44

If CS leaves then its game over imo

[abrahe00] 24/9/2019 06:32

@tcm, re: 24519... I just don't see SS handing over a cheque for $24m to a company with half the market cap. Life just isn't like that and it's naive to think that the market is simply "asleep" on this.

The payments will be staged over several milestones. The issue is that we have not been told what these milestones are or how the payments have been structured.

AIMHo...

[book5] 23/9/2019 15:48

Eua
Is working a full cylinders
Don’t get fool into give away your shares
We are a small company, patience
One day we will be in the radar of big investors
Pd pt helping
Death or glory for me

[cool hand kev] 23/9/2019 15:09

"so eurasia get a bung of $26m"
So what would that do to the share price if the Current market cap £12 million - Triple it?

[excellance] 23/9/2019 14:45

the reason we get $50m and not merely the amount of our equity stake is to compensate eurasia for the years of work already done from the debt of the new MT mining company being set up.

so eurasia get a bung of $26m but must complete all outstanding aspects.

a new company is set up which eurasia own 15% of the equity but with no further financial commitment. i could be wrong about how much MT equity eurasia come out with. MT mining company intend to be producing at least on a trial basis by the end of next year. personally i think that full production wont be seen until end of 2021, but that is a great result for us.

that is my understanding anyway.

[cool hand kev] 23/9/2019 14:40

I wish for 10p
But I very much doubt it as this is AIM where PI's are usually stitched up.
I don't think that know of an AIM success story, but plenty of disaster's :-(

[thechinaman1] 23/9/2019 14:30

Ab00, I should think the balance of $24,000,000 will be paid on completion of the groundworks. This arrangement ticks the boxes for SS loan requirements, and enables it to do a deal with a minnow that after 2 years’ due diligence, it satisfied its executive was worth bending over backwards for. It knew and knows Monchetundra is a huge and precious resource. Time will tell I guess as to which set of inferences is correct.

ATB
TC

[book5] 23/9/2019 14:26

Guys
We are a small company

Cool
More like between 10p to 25p,
Why :
-Pt Pd superbull cycle
-flanks- Massif is there around

We need lots of patience, we are a small company

My target is to wait min 3 years

[pennstreet] 23/9/2019 14:22

The payment is for EUA to do the ground work

[pennstreet] 23/9/2019 14:21

They can't do the work without the payment!

[abrahe00] 23/9/2019 14:17

They'll only get paid if they've done the work! I've pointed this out before... CS says they are still 6-8 months away from finishing...

[thechinaman1] 23/9/2019 13:52

To remind folk. The EUA RNS of 10th October 2016 stated:
“Sinosteel's contract is based on a 2 year due diligence and evaluation of the Monchetundra project. The principal terms of the financing are:

· The contract value totals US$176,000,000 with the loan covering 85% of the contract value.

· Within the contract, a subcontract for $50,000,000 million is assigned to TGK to cover all preparatory engineering and pre-strip works on the two open pit deposits. TGK expects that this subcontract will be sufficient to meet the 15% equity contribution required for the project.

· Sinosteel will be responsible for the debt finance of $149,600,000 (i.e. 85% of the contract value) with the financing terms included in the EPC contract as a 10-year loan with early repayment permitted, at an indicative interest floating rate at 6 month LIBOR plus 3.5%.

· Sinosteel will carry the loan on its balance sheet with its rights and obligations under the financing and the loan will only be assigned to TGK following completion of the EPC contract, subject to key performance indicators to be achieved by the plant commissioned by Sinosteel.

· The contract is exclusive to Sinosteel for a period of ten years.

· The contract provides for a schedule of payments commencing within 36 months. This period is to allow for the obligatory steps within the Russian mine permitting system.”

Note payments from the $50,000,000, to start “within 36 months” ie next month. This gives some context for the most recent RNS that explains / reminds us of the $26m ‘contribution’ Sinosteel is giving EAU to cover the 15% of the overall loan. So, this suggests EUA will be confirming Sinosteel’s payment within the next three weeks.... or perhaps we’ll get bought out before the contract ‘crosses the Rubicon’.

By the way, on 10th October, 2016, Palladium was $21,444 a kilo. It is currently $53,257 a kilo. I wonder what it will be by mid-October....2020?
; )

GLAH
TC

[cool hand kev] 23/9/2019 13:50

book5: but will it be 1p or 5p? BO

[snowman100] 23/9/2019 13:05

DS just transferred a shedload if shares to Thomas Cook.

[book5] 23/9/2019 12:25

Guys
I am positive we will make money
Patience, whatever it takes

[pennstreet] 23/9/2019 12:06

Nickel screaming ahead!

[cool hand kev] 23/9/2019 11:52

There's not a lot to make any noise about and Thomas Cook passengers haven't got back from their holidays yet :-(

[driver101] 23/9/2019 11:51

1600 cracked.


PRICE
PALLADIUM
COMMODITY
1,663.00 USD + 20.00 (1.22%)
06:49:55 AM EDT
MI Indication*

[pennstreet] 23/9/2019 11:27

Very quiet today?

[book5] 23/9/2019 08:01

Pd is going to explode to 1700,
As expected showing strength even with a weak global car market

[cool hand kev] 23/9/2019 07:58

Sinosteel still have first refusal.

[excellance] 23/9/2019 04:46

thomas cook just gone bust

[book5] 23/9/2019 04:39

Yes
Pd another highest record
Keep going up pls

For WKt we need strength in Pt too ,