Eurasia Mining Share Discussion Threads

[pennstreet] 09/10/2019 13:45

Where are these doom and gloom scenarios coming from guys? If things were going pear-shaped with SS, the market would have to be informed

[book5] 09/10/2019 13:45

Lesego, could not they be interested in buying some few shares only? That would suit us to cover expenses for a year

That does not necessarily imply sinosteel is leaving, does it? but that seems to be many of you assumption

[abrahe00] 09/10/2019 13:44

UpThePool9 Oct '19 - 13:16 - 25843 of 25846
0 0 0
abrahe

You still holding then - could've sworn you said you'd sold


I had... I took a small position on Friday just in case the SS money does arrive. Just hedging my bets, but not holding my breath...

[book5] 09/10/2019 13:41

All negativity

Worrying thing for me are:

- why CS gave so many shares?

- poor track record disclosing the truth

- delays

Positives are:

- directors own shares
- MT and WK paper work is going ahead
- Exploration At WK going ahead

[russiaguru] 09/10/2019 13:36

ek - if you mean fire sale then unlikely

Maybe the EPC contract is being rundown by Sinosteel, 3 years and they walk without any commitment. EUA would then be in dire straits and considering the tiny C1 lesego would be a way out or to continue development albeit slower, but EUA themselves have been dragging their feet with reports and designs.

I think EUA bod are extremely poor at sales

[ekuuleus] 09/10/2019 13:29

That said, the news about Lesago is deeply worrying. It suggests EUA is busted.

[ekuuleus] 09/10/2019 13:28

Nope, that doesn't look likely. Latest news was 14/Aug/2019.



WK is proceeding satisfactory so expect ballpark 100kg PGM by mid November. The wash circuit changes should capture more palladium. At double the platinum price, and generally higher prices, higher margin (30% -> 35% -> 100%[minus wages] ) we could make a decent profit.

I was commenting on market sentiment and past performance. It's not going to change until some actual positive results come in.

[upthepool] 09/10/2019 13:16

abrahe

You still holding then - could've sworn you said you'd sold

[abrahe00] 09/10/2019 12:56

@Mostyn: "They already have the cash promised for Monchendra so why dilute their holding there."


Maybe it's because Sinosteel have walked away and they are desperate for new money...

AIMHO...

[charles clore] 09/10/2019 12:48

They will have to report on the drawdown (or not) of Sinosteel funding this month as the deadline expires. We should gain some sense of direction from there.

[ekuuleus] 09/10/2019 12:24

Problem is that this stock has all the hallmarks of a lifestyle company. 22 years of income for the owners. Dilution after dilution.

WK et al gives it sufficient legitimacy to avoid prison for fraud. Until this actually buys back shares or pays a dividend, it's not going to get a higher valuation.

[mostyn] 09/10/2019 11:43

We need some clear sign of progress at Monchetundra.

[pennstreet] 09/10/2019 11:20

We need some words of wisdom from our friend milste

[pennstreet] 09/10/2019 11:19

I find that very strange too - can't explain it

[russiaguru] 09/10/2019 11:12

Problem is lesego doesn't actually raise the profile of EUA in anyway, more muddies the water, they need an established Russian name instead.

[mostyn] 09/10/2019 11:10

PennStreet,

I know that historically Eurasia is not leaky in terms of news, but look at the total lack of interest in the market. There have been plenty of tweets to hint at Eurasia's potential, but the market obviously doesn't think much of anything that might be on the horizon. Where else would the possibility of a JV with a potential major not even raise a yawn.

[cool hand kev] 09/10/2019 11:03

Clarification would be nice, but time will tell.
The share price isn't even rising on speculation so it obviously thinks
that it's not a good deal. (IMO)

Not much Volume to suggest that something is looming.

[pennstreet] 09/10/2019 11:00

I get the feeling news is not that far away!

[mostyn] 09/10/2019 10:57

Eurasia on twitter: Now I'm not sure about the logic of their tweet sequence.

Eurasia Mining@eurasiamining
·
1h
#EUA
𝐋𝐞𝐬𝐞9840;𝐨
▫️
#EUA reminds shareholder of the recent update
▫️
Lesego Platinum are currently assessing data for both Monchetundra & West Kytlim projects to consider potential partial acquisition of Eurasia's subsidiaries and JV opportunities
hxxps://buff.ly/2Lxj8V1

The only thing which would make any sense at all (and I'm still not convinced they would get a good deal) would be a partial acquisition of West Kytlim to provide the cash to hugely expand production in 2020. They already have the cash promised for Monchendra so why dilute their holding there.

[charles clore] 09/10/2019 10:13

ex - not that it is very obvious!

[excellance] 09/10/2019 10:02

Open offers for all shareholders to subscribe is the only fair option if a lot of cash is required.

We too can have warrants and options you know, after all we are the real actual owners of the damn company.

Grr

[cool hand kev] 09/10/2019 09:53

Off Topic: OEX due news (Blatant RAMP)DYOR

[book5] 09/10/2019 09:36

What do you prefer to raise �500000 via Lesego at say 1p, or go back to broker and give them a 30% discount plus warrants?
Don�t burn your ships

[cool hand kev] 09/10/2019 09:34

This is AIM corrupt to the core allegedly.

[excellance] 09/10/2019 09:32

And such is the corrupt nature of the stock market!