Eurasia Mining Share Discussion Threads

[pennstreet] 10/10/2019 08:13

Correction - you were right CC. You have level 2

[pennstreet] 10/10/2019 08:09

Unfortunately not, CC

[charles clore] 10/10/2019 07:54

Do I see some interest before the bell? No, just a market maker signing on late.

[book5] 10/10/2019 07:51

Tech
You may be right for WK

WK could be sold after reserves are approved,
Or
May be we sell it earlier, and get a royalty so we benefit if profits go up well above projections?

[thechinaman1] 10/10/2019 07:44

Block - 0p as EUA sold. I’ve posted the reasons why and I don’t see anything to change my view.

Cheers

[book5] 10/10/2019 07:41

Block
Broker valuation 2.8p to 5p
Since then we got flanks at Wk
And other flanks/mining applications for MT and close to WK

[book5] 10/10/2019 07:38

WK , without a contractor we will need a substantial investment to develop it into 5 washer plants (750 kg per year), even 2 plants will require a substantial amount well above our capabilities. So for WK, without a contractor, we most probably need a partner

[block4gooner] 10/10/2019 07:35

What was your share price forecast?

[thechinaman1] 10/10/2019 07:29

Still confident I’ll get my coconut!
TC

[book5] 10/10/2019 05:01

Either we 🚀 or we can’t proof yet that our deposits area commercially viable

WK is not so damaging, we may loose say 200k per washer plant per year of poor production

MT, due massive investment for our market cap , if there doubts in its return it is a no started. But agree market can’t ignore MT deposit at current Pd price , this means , it will receive plenty of attention before final judgment

We should know soon what Lesego, and other players decide in regards chipping in at a premium, I believe it is a matter of days/ few-weeks

GLA

[excellance] 10/10/2019 03:33

Well, CS has gone quiet...no response from my email.

Maybe he's busy, or maybe he has his tongue tied?

[cudgietoo] 10/10/2019 01:26

PS That's pawn, not porn .. It's a chess move .. before some readers get too excited

[cudgietoo] 10/10/2019 01:16

Palladium price trend three years to the day since SS arrangement ..



Does anyone think they will not still be interested?
Or even interested in taking an interest?!

Surely we must be on the radar of "majors", and Lesego is a pawn advance?

Interesting times

[book5] 09/10/2019 16:58

Ss money to land ? first we need approval of mining plan, it could take some months more

[cyberbub] 09/10/2019 14:56

IMO we face the prospect this month of either:* The SS money drops - in which case the share price will be at 2p within an hourOr* We get news of a discounted share placing for say £500k at 0.4p - or less likely a buy-in by Lesego at a possibly higher proce. Remember that the SS contract is with TKG, so there should be no objection from SS to EUA raising equity, that's EUA's business.Let's see.

[cool hand kev] 09/10/2019 14:51

CC okay thanks

[book5] 09/10/2019 14:24

Ek
The keep control interest? yes
But that does not change the fact they are accepting shares in payment of wages

[charles clore] 09/10/2019 14:20

cool - only at night for a few days.

Ek - with your level of cynicism I'm surprised you are a holder!

[ekuuleus] 09/10/2019 14:20

book5,

Thats the long con. The shares aren't costing new money but it means you retain a controlling interest. The object is to keep the controlling interest but the rest in PI. This is necessary to rinse repeat the dilutions.

[cool hand kev] 09/10/2019 14:16

WK is proceeding satisfactory so expect ballpark 100kg PGM by mid November.

Someone said that it was getting cold next week -9deg C?

[book5] 09/10/2019 14:15

A joint venture could involve anything, and does not necessarily include shares swap.
It could involve sharing technology and acquired experience, sharing costs (of technology, people ), etc

[book5] 09/10/2019 14:05

Russianguru
Only logic explanation I find is that Eua needs cash pronto, not much cash, say btw 200k to 300k.
MT paper work : it could easily take another 6 months to arrive.

So options to rise cash are: go to the market with 30% discount, or directly to an investor that wants to participate at a premium

Selling shares to Lesego is the same that selling shares to the broker’s clients; so that does not affect our deal with sinosteel. I am sure Sinosteel has also been offered to buy shares and they rejected

[book5] 09/10/2019 13:52

Eku
they could have asked cash to brokers to pay their wages, still they want shares

[ekuuleus] 09/10/2019 13:49

Positives are:

- directors own shares

Nope, that's irrelevant because they maintain their share percentage by awarding free shares, warrants and where they do buy shares, they are both discounted and not actually new money - it's covered by money that they have been paid.

[russiaguru] 09/10/2019 13:47

book - no i am not saying they are but then why is lesego looking at MT, now the EPC is just for the build so no real issue there but if lesego was to buy a percentage of EUA would that invalidate the contract and require renegotiation.

I am totally confused by lesego