Eurasia Mining Share Discussion Threads

[bobby1904] 26/9/2019 11:08

Who knows but in long run whether top up is at 0.4p or 0.5p won't really matter as the up side is humongous!

[charles clore] 26/9/2019 11:00

ex - they didn't mention how much they paid the contractor for the WK operation or when it was paid. That could eat into the £300k but I guess they will just continue paying salaries in shares for the time being and they still have that £1m loan facility from DS if needed. What I would like to know is WHEN DO WE GET SOME CASH FROM SINO FOR WORK DONE ON MT??

[excellance] 26/9/2019 10:44

£300,000 up til June.

We will obviously fill the coffers faster now we get 100%, and a lot of our kit is owned now and not leased.

The 55kg was disappointing but everything else seems solid enough.

Looking for signs of a cash flow problem and can't see one, even WK drilling is paid for, can't wait for the results!

If there is a bear raid on our share price them I'm prepared.

[petermoran] 26/9/2019 10:43

Lesego have Chinese non execs, Sinosteel Chinese! Interesting.

[charles clore] 26/9/2019 10:39

Dare I say it - last chance to top up currently in progress?

[bobby1904] 26/9/2019 10:38

I hope so. Can't wait to fill my boots as cheaply as possible!

[russiaguru] 26/9/2019 10:36

is 300k enough to fund the winter months and lease machinery for next season.

[ekuuleus] 26/9/2019 10:36

yup aiden, sub 0.4 tomorrow.

[aidenabettin] 26/9/2019 10:32

The end is nigh!!!!!

[ekuuleus] 26/9/2019 10:24

great RNS's

Lets hope the ambiguous statement that Revenue will fall in the second half of 2019 actually means Revenue will land in the second half of 2019

[lew stules] 26/9/2019 09:50

I believe that we on the sidelines here watching a mining giant being formed possibly with an alliance or JV and are on the cusp of a huge change in sentiment.
Maybe I am being too optimistic however when we do look back this time next year will we will be thinking how did I not see what was happening and why did I not buy more when the chance was there?
It's been a long time coming and cash flow has nearly pulled us under a few times but
if the board are to be believed then the potential return for the faithful will be huge.
Patience as always.

[abrahe00] 26/9/2019 09:42

Charles Clore26 Sep '19 - 09:01 - 25513 of 25519
0 0 0
mostyn - it took 200 years to build Notre Dame cathedral.


... And only a few hours for it to burn to the ground!

GLA...

[charles clore] 26/9/2019 09:30

mostyn - I hear you! I am still trying to figure out the drawdown conundrum. On the one hand we learn that ' Work is now ongoing to tie up the remaining work required to commence the Sinosteel EPC and see the 2Moz Monchetundra project through to production.' But we have been told that the $50m may be drawn down on receipt of the mining licence (received last year). I am not quite sure how these 2 are related and more importantly, why funding has not been drawn down for preparatory work that has clearly already been done at MT.

[drh3] 26/9/2019 09:27

Things look like they are going in the right direction. 100% control of production is a very good result

[thebeastofbodmin] 26/9/2019 09:25

'OK... I've been distracted by an entertaining tv comedy/drama called Brexit .... better than Broadway!'

Yesterday I realised I was watching for entertainment value over politics Mr Cox's speech knocked the ball out of the park IMO, fantastic theatre!

In regards to EUA have a little powder dry and tempted to add a small amount more.

[russiaguru] 26/9/2019 09:24

200 years looks a bit steep, does that mean the EUA's board have found a way to transcend.

Year 2100 ---

CS Cyborg -- WK new season awaits, target 100kg, MT EPC payment close to execution, approvals pending.

Shares outstanding: 250bn

[mostyn] 26/9/2019 09:09

CC,

I think that time frame might be a bit late for me!

[charles clore] 26/9/2019 09:01

mostyn - it took 200 years to build Notre Dame cathedral. Don't be impatient.

[book5] 26/9/2019 09:00

Eua to become a dominant player in Monchegorsk
Norilsk our next door neighbours
Our new compound must have a party fence agreement with theirs

[book5] 26/9/2019 09:00

Eua to become a dominant player in Monchegorsk
Norilsk our next door neighbours
Our new compound must have a party fence agreement with theirs

[pennstreet] 26/9/2019 08:59

I've also held these for over 20 years !!I share your frustration believe me! I think that comment was made to try and reassure myself more than anything , lol

[thechinaman1] 26/9/2019 08:59

MT flanks application = another bargaining chip on the table....

Think the RNSs are becoming more meaty. All coming together nicely.

TC

[mostyn] 26/9/2019 08:53

PennStreet,

"Rome wasn't built in a day!"

I bought my first shares in Eurasia over 20 years ago, so your comment definitely applies. I am probably becoming too cynical. It's what they don't say that always irritates most of all. Fact are fine, facts with context and explanation are better.

[red rook] 26/9/2019 08:40

OK... I've been distracted by an entertaining tv comedy/drama called Brexit .... better than Broadway!

Regarding EUA .... progress is being made. It appears that this season's WK production figure, up to September at least, was impacted by contractor and/or the circuit update issues. But these teething issues will/have been resolved.

I'm pleased with the Chairman's Statement in the latest Interim Report....

'The West Kytlim mine is NOW operating on an owner basis, with 100% of metal revenues payable to Eurasia as opposed to 30-35% prior to September this year.'

'Monchetundra Project was progressed considerably with important technical statutory reporting FINALISED and SUBMITTED to the relevant authorities BY MID-SEPTEMBER 2019.

'The flanks application surrounding the approved reserves and resources at both the Loipishnune and West Nittis deposits was ALSO FINALISED and SUBMITTED for approval in LATE-SEPTEMBER.

'Work is NOW ONGOING to tie up the remaining work required TO COMMENCE the Sinosteel EPC and see the 2Moz Monchetundra project through to production.'


Once the Sinosteel EPC kicks in, at last, the market will finally start to take notice here.