Eurasia Mining Share Discussion Threads

[book5] 25/9/2019 13:09

Our indicators:
pd Pt price
Directors buying in

Rest is noise

[aidenabettin] 25/9/2019 13:06

Is it not an EUA subsidiary that signed the contract with Sinosteel?

[charles clore] 25/9/2019 12:54

mostyn - I don't think the words 'enthusiastic' and 'market' have ever been seen together in the same sentence and applied to EUA. It's as if everything to do with EUA is anaesthetised, played down or kept secret, EXCEPT for the size of the MT and WK resource. This is what keeps us alive and kicking - the thought that one day the market will have no choice but to recognise what we have known for many years, that EUA is sitting on a couple of million ounces+ of PGMs, gold, nickel and copper as well as some less well published metals. I can't think why they would be considering mating with Lesego other than a sale to create a monster of a PGM miner. And considering the fact that EUA already has a deal with Sinosteel for the MT mine construction it would seem to me that EUA is holding all the aces in the pack. Someone mentioned an RTO and the ducks do begin to line up but I see this as the basis of a potential mega deal, not just a bi-partisan. I think a major could be involved somewhere and we just haven't seen it yet.

[cool hand kev] 25/9/2019 12:42

And the city doesn't like and doesn't reward uncertainty
They need facts and figures to justify a higher SP, not speculation and promises which is mostly all that EUA have to offer at the moment. :-(

[mostyn] 25/9/2019 12:21

CC,

The market seems to be telling us something in view of its less than enthusiastic reaction to the latest update. I wonder how many other companies would have a potential JV with what has the capability to be a major player and have the share price take a huge yawn.

The management have a unique ability to provide information that doesn't answer shareholder questions, and moreover raises more questions than answers. The key questions at present are:

Where are we on the road to production at Monchetundra and when will the $26.5M materialise.

Why do the company think they can do better in terms of ozs produced than the contractor (at WK), and why was prior performance so poor.

Will the company need to raise more cash.

What is the thinking behind any potential JV with a company that is not a producer and seems further away than Eurasia, and moreover is in its own cash consumption phase.

I think excellance summed it up yesterday by saying that investors may think the company has great long term prospects, but in the short term are cautious to cynical.

If Eurasia could answer the above questions, which seems unlikely, the share price might reflect a better understanding of where we are.

Like most on here I find uncertainty frustrating, especially in a scenario where things should not, and need not, be uncertain.

[book5] 25/9/2019 12:10

It depends how much the to pay
As Exc said they may want Eua as cash cow to develop new projects

[charles clore] 25/9/2019 12:03

mostyn - without knowing what Lesego has to offer it is difficult to judge whether or not they could enhance the business. I'm not at all sure EUA will want to dilute their assets by teaming up with a less well developed company anyway.

[book5] 25/9/2019 12:01

Eua needs some warrants converted

[ekuuleus] 25/9/2019 12:01

I agree Mostyn, the article paints a picture of huge revenue growth totally ignoring the known issue of a collapse in production for this year.

[mostyn] 25/9/2019 11:53

The Mining Maven comment about West Kytlim was unjustifiably optimistic based on performance this season, and as for the rest doesn't tell us anything we didn't already know.

We may all think Eurasia is way undervalued, but it all now depends on delivery and management decisions on what forward strategy is in the best interest of all shareholders. I'm still not convinced about any potential involvement with Lesego.

[charles clore] 25/9/2019 11:53

Ek - I don't think Mining Maven would lie about a company's valuation.

[ekuuleus] 25/9/2019 11:41

the mining maven article was paid for.

The section on lesago was worrying. Lesago Mining Hong Kong. Web site is very trivial, no financial section, bloomberg only has an enrty for the company, no financials, nothing.

[pennstreet] 25/9/2019 11:37

The mining maven article says it all - way undervalued!!

[book5] 24/9/2019 22:29

For me, Indifferently annoying.

[aidenabettin] 24/9/2019 21:21

The author has no holding so its all ok.:(

[buzzarn] 24/9/2019 21:20

Interesting. Is that good, bad or indifferent. Maybe that is a sign of confidence?

[book5] 24/9/2019 21:04

Buzzarn
Many Thanks
B.

[aidenabettin] 24/9/2019 20:40

Catalyst Information Services Ltd, the owner of MiningMaven.com, owns a position in the stock(s) and/or financial instrument(s) mentioned in the piece

[buzzarn] 24/9/2019 20:36

https://miningmaven.com/companies/eurasia-mining/972-eurasia-mining-accelerating-growth-into-2020-eua

[book5] 24/9/2019 17:21

Exc
Agree about risk
But risk comes down as price of metals go up
I believe PGM are in a super bull cycle , many more rises to come

[snowman100] 24/9/2019 17:02

Palladium flying........... US $1674 per Troy oz to buy !

[excellance] 24/9/2019 15:57

"All just my personal opinion on a BB that is predominantly (99.9%) pro EUA"

I think most people on here are broadly positive for the medium to long term, but are fairly cautious if not cynical in the short term as we get things monetised at WK and MT, mostly because it's taken so long and we've had several set backs...

I think most people on here think there'll be no further major dilution and in a few months or years this could be very profitable, if things go our way.

I've always accepted and stated there is still risk here.