Eurasia Mining Share Discussion Threads

[johncasey] 26/10/2019 11:40

40p isnt out of the question by tuesday this week..ive seen it many times before..once the herd get a sniff of a life changing multi bagger all common sense and caution goes out of the window and greed takes over..just make sure you buy below 2p-3p

[wolf4] 26/10/2019 11:39

during this shall we say a quieter moment offer congratulations to the England rugby team reaching the World Cup Final by beating the ex invincible All Blacks 19-7......carry on

[charles clore] 26/10/2019 11:39

Yes, a fair summary ex

[snowman100] 26/10/2019 11:35

Don't forget also that the copper and nickel at Monchetundra will possibly also be multiplied by the 7.5 size increase.

That makes approximately 210 thousand tons of copper and 225 thousand tons of Nickel.

Copper nearly 6,000 US dollars a ton and Nickel approximately 18,000 US dollars a ton.

That makes 1,260,000,000 dollars of Copper and 4,050,000,000 dollars of Nickel.

So Monchetundra total is approx 24.5 Billion + 1 and a quarter Billion + 4 Billion

Just under a staggering 30 Billion US dollars !!

On top of that is the value of West Kytlim Platinum mines and SMT Gold tailing project and any value attached to the Kyrgystan Uranium Project..,,,,,,,,wow !!!!

GLA.......this baby is going stratespheric !!!!

[buzzarn] 26/10/2019 11:31

Great write up Ex. Very exiting times. Will it move fast or slow?

[excellance] 26/10/2019 11:21

Time for quiet reflection, read old rns detail, view interviews, and recalibrate.

Lots of positives this week, very exciting, but nothing concrete other than two of the world's biggest banks and an indication of 15m Oz asset...I think CS needs to now justify that claim.

Negatives are...is the Sinosteel deal now on ice?

16m warrants exercised before they really needed to be suggests a quick turnaround, but we'll have to see if the other 150m warrants follow if the share price stays at these levels.

We are awaiting a WK upgrade and approval for more washplants and that could be any day now.

We know drilling detail of MT giving us 1.9m Oz pge and historical data that complements this to suggest 15m Oz but presumably that needs proving to recognised standard to attract serious bids, so are we now going to have to undertake a huge drilling program?

EUA state no placing in foreseeable future, but MT as a separate entity will need to raise more cash than the initial $176m...but that isn't Eurasia's problem.

[johncasey] 26/10/2019 11:10

good riddance to em...no bottle..thats why price didnt take off like it should have..we want investors who believe

[charles clore] 26/10/2019 11:06

Ek - I am surprised you took (30%) profit for 20 years of holding. I am surprised so many long termers sold yesterday but can kind of understand given the historical share price movements and how easy it is to get caught up in the fear of losing out. However I am not selling yet as I think the price will go much higher in the next few months. It certainly doesn't look as if the price will be dropping below a penny again. The warrant conversion shares are needed in safe hands so that they can be used as voting shares (to block an unrealistic bid) and I think we won't have long to wait before that happens.

[snowman100] 26/10/2019 10:58

Back down to Earth.....or close to it!.........I seriously think 50p + is possible as it is now.

[snowman100] 26/10/2019 10:55

...'This list was comprised early this year when all we knew was we had 2m Oz’s now 15m some end of year predictions could now be a long way out.'

In that case I'd better revise my 18.5p forecast to a multiple of 7.5 .......i.e. 138.75p !

lol !!!

To be honest......even though I half jest.......that is not actually beyond the realms of possibility with a bidding war and if the estimate is firmed up by drilling in the event it drags on for a year.......I admit extremely unlikely......but possible none the less !!!!!

[ekuuleus] 26/10/2019 10:48

I wish I knew. I had to top slice (40%). Been holding for about 20 years! Might buy back in if it drops to 0.6 but if it goes up from here, I'll be a very happy bunny. My average is about a penny overall, so I'd have been mightily miffed if it was yet another brief spike.

On fundamentals, this ought to have been higher, but the market is what it is. In that respect, we were promised much increased production last year.

Last year was supposed to be 100Kg and ended up 165Kg PGM. This year was supposed to be 650Kg but news flow so far was that 55Kg was produced upto mid september. We have a tote running on here for the LTH groupies.

Friday's RNS was due to warrants, but since the warrants where 0.6p, they could have exercised much earlier. They waited until now. If they were LTH, they could wait even longer. That suggests the exercise won't be LTH to me, regardless, the RNS states they intend to hold.

Other tidbit in the RNS is reference to palladium, iridium, rhodium and gold, which hints that the circuit changes have resulted in better recovery. That, and going from 65% to 100% (but taking on opex), since mid september could give a little boost, but far off the target production of 650Kg. The optiva broker note assumed much higher production at this point, but many other changes since then, including Pd doubling in price, and reserves estimate increases.

Monchetundra reiterates old information - no update there.

Reminder of Semonovsky interest, no new info.

Eku.

[driver101] 26/10/2019 10:46

This list was comprised early this year when all we knew was we had 2m Oz’s now 15m some end of year predictions could now be a long way out.

This is now closed to new entrants.

End of year share price target for an additional coconut at the end of trading 31 Dec 2019
The list will be posted Now and again.

driver.........................4.5p
russiaguru.....IBS......1.5p
cyberbub..................2.5p
LivewirePlus.............3.0675p
mostyn......................1.1p
PennStreet................6p
excellance.................3.3p
livup967.....................10p
book...........................5p
user2007....................1.21p
billionairepaddy..........2.8p
milste1........................2.95p
Willmac4671...............2.4p
fillupmaz......................3.8p
thechinaman1.............0p (sold)
snowman100.............18.5p
Dr DarkStar.................7.5p
Charles Clore..............2.75p
cool hand kev...............3.5p
davidspringbank...........1.7p
DRH3..........................2.1p
Ekuuleus.....................0.8p
Alexei Boucher............2.8p
Whiteflowers..............2.3p
Cudgietoo...................3.35
STOPH.........................4p
lew stules....................1.925
abrahe00....................0.9p
BMNSA.......................2.75p
Block4Gooner..............4p
Cezary..........................50p
mold..breaker........... .85p
The Deacon................1.35p
dubjon.........................5.4p

[fillupmaz] 26/10/2019 10:25

Jeanesy, you may be right... I do tend to write the odd song or two...

[adamfletcher1] 26/10/2019 10:22

Wow, just sat down to drop a big one and checked these! Put a nice amount on these 2 years ago..

[kirk 6] 26/10/2019 10:10

Do you guys want a bid so soon ? Surely with the potential of atleast another 200-300% next week you would forget a bid

[johncasey] 26/10/2019 09:50

a bid looks nailed on...seen this

Lesego Platinum due diligence and CEO site visits of both Monchetundra and West Kytlim



Mr. Churakov has recently helped to arrange detailed due diligence and multi-day site visits by James Nieuwenhuys, CEO and Director of Lesego Platinum as part of the Lesego Platinum's evaluation of both Monchetundra and West Kytlim projects. Over the past few months Lesego Platinum performed due diligence of Eurasia's assets accompanied by several days of visits of Monchetundra mine and Eurasia's office in Ekaterinburg to study the West Kytlim mine.

Over the course of the site visit, Lesego Platinum studied and evaluated infrastructure availability and logistics access, drill core samples, results of laboratory test works along with other information and raw data, which form the ground for assessment of both Monchetundra and West Kytlim projects to consider, amongst other options, potential partial acquisition of Eurasia's subsidiaries and joint venture opportunities at the sites. Despite the synergies and the motivations of Lesego Platinum, there can be no guarantee that any transaction will occur. Further updates will be provided in due course including the potential of James Nieuwenhuys joining Eurasia's board if these matters progress. This appointment is subject to customary approvals, amongst other things, due diligence on James Nieuwenhuys, contracts and Nomad checks. Further updates will also be provided on this if it progresses.

Lesego Platinum owns, what the Directors' rate as a world class PGM assets located some 300 km North-East of Johannesburg, at the northern end of the Eastern limb of the platinum rich Bushveld Complex. James Nieuwenhuys, its CEO and Director, has significant experience in Russia including 5 years as Chief Operating Officer for Polyus Gold, the largest gold producer in Russia and held Managing Director positions in two of the most active EPC organizations, being Bateman Projects and SNC-Lavalin.

[johncasey] 26/10/2019 09:39

abit of a coincidence 50 years ago to the month we had the biggest mining rally in the history of the stockmarket..then it was nickel in short supply...now its palladium...could the same thing happen to EUA? I think it could and more because EUA are a producer with some big names on board...monday should be very interesting indeed..


50 years ago, Poseidon made today's WAAAX look waned
Keith Ward
Some 50 years ago, Australia was gripped by a remarkable boom in mining stocks, the most famous being the nickel producer Poseidon. Its share price rose from 80 cents in August 1969 to almost $280 by February 1970. In six months, the price of Poseidon increased by a factor of 350. What triggered a boom of such magnitude? The words of Charles Kindleberger (2000, p16) help set the scene.
“A larger and larger group of people seeks to become rich without a real understanding of the processes involved. Not surprisingly swindlers and catchpenny schemes flourish.”
How was the mania created?
The initial movement in the Poseidon share price can be traced to changes in the market. By the late 1960’s, the nickel price was rising, driven by the growing demand for stainless steel used in industrial applications such as alloys and nickel plating, as well as from the aerospace and munitions industries. On the supply side, long-running strikes in Canadian nickel mines also exerted upward pressure on the nickel price. At the time Canadian mines accounted for around 60% of the world's production.
Movements in the price of nickel directed attention to nickel miners and nickel explorers. Poseidon attracted the greatest attention. It had claims on a site at Mount Windarra, near Laverton in WA, some 350km north of Kalgoorlie. The stock was tightly held but even with the passage of time, it is difficult to be precise about the initial trigger to the start of Poseidon’s remarkable run.
However, a headline in The Australian Financial Review on 30 September 1969 (p20) was spot on: “Poseidon Lures the Gamblers”
The article author tried to introduce a cautionary note that the Poseidon price had trebled based on “very little evidence” and “the Board could not explain the sharp increase in the price”. This sceptical or cautionary theme continued, with later headlines referring to a “Mining Bubble” (October 1, 1969, p16) and comments that “Poseidon̵7;s strike needs considerable proving up …” (October 2, 1969, p11).
Further price rises in October were attributed to rumours of significant nickel strikes, again not verified by the company. Clearly, formal verification was not required. The price moves reflected optimism that Poseidon had a significant nickel deposit. Meanwhile, nickel prices continued to reflect the supply pressures brought about by strikes at the large Canadian producers, Faulconbridge and International Nickel.
The reports of nickel shortages and Poseidon apparently finding high grade nickel deposits in Windarra continued to feed the frenzy in the Poseidon share price, rising from $6.60 to $38 over September and October 1969.
Feeding the frenzy

[johncasey] 26/10/2019 09:01

penn street...thats what they said about solgold re still in the ground..the rest was history 1p >>>>>>>>> 50p

[jeanesy] 26/10/2019 08:25

There's a song there Fillupmaz :)

[fillupmaz] 26/10/2019 08:01

Something big is happening here that the LTH have anticipated and bet on for the past many years. It’s not for me to give anyone any advice about what to do now but I choose to continue holding (after spending years amassing a substantial holding), while ignoring the prattle of the occasional and now sudden arrival of new malicious de-rampers and nay sayers.
I try to not get frustrated as I watch the share price rise and get sold back to such and undervalued level, preferring to see it as an opportunity to gather more. I used to trade this, selling on any rise but for the last couple years I chose to not trade while deliberately missing good trading opportunities that presented themselves. I simply don’t want to be out of this share when finally the transformational news hits and the share price reaches many times the current value.
I would expect the share to go into suspension prior to any news of a sale while shareholders vote on any offer. Anyone who has sold out on that day may have made a decent short term trading profit but will miss the multi bagging opportunity of a lifetime. I choose to sit, watch, wait and dream… Anyone who can trade and buy back in before the news, congratulations but it’s a chance I’m now not willing to take. I choose to keep the faith and bet along with the directors that this, long or maybe now even short term will transform from unloved junior to celebrated major player. Time will tell.
Of course you do whatever you like, the company will continue and reach it’s goal with out without you.
Good luck to all holders, long term or new arrivals.

[mick1909] 26/10/2019 07:58

15m oz x 1800$ palladium is 27 billion as it's only resource selling value is between 1-5% but because palladium is sort after I'd go with 5% 1.35 billion $ approx 40p/share

[pennstreet] 26/10/2019 07:52

Will - that's for sure. If we get into a bidding market, and Palladium continues to race ahead, we could see the dizzy heights of 20p!

[willmac4671] 26/10/2019 07:42

Not being mined yet, but fully funded to production. It's a tricky one to put a bid value onto this at the minute, but no matter which way you slice and dice the figures, we are still talking multiples from where it is now!.

GLA

[pennstreet] 26/10/2019 07:26

Where's Stu?

[pennstreet] 26/10/2019 07:25

Yes, it's still in the ground! It's not being mined yet - that's why we won't get anywhere near 20p.