Eurasia Mining Share Discussion Threads

[jammydodger1] 21/11/2019 09:27

The strength here is amazing

[edgein] 21/11/2019 09:25

Pup,

Not being rude, but I'm not here for your opinion or your words re-EUA. I bought these initially at £12m cap due to the large reserves and the off chance that one of the giant Russian miners would buy these large quality low cost pits from EUA. Well the engagement with the huge investment banks for that very purpose was the clearest indicator yet that those buying at those levels were vindicated. I'm not interested in your views on EUA, I'm more interested in the views of those in talks on how much they'll pay for 2m Oz of Pd eqv. Its currently worth a heck of a lot more than £100m and that's not even considering the 2.2m oz inferred on the flanks. Also when a company is touted the way you've been doing suggests desperation, I've seen many a gold miner try to get their production up and fail so that particular investment isn't as risk free as you're portraying it either. But I'm not overly interested in discussing a company that I don't hold.

Regards,
Ed.

[driver101] 21/11/2019 09:21

Ed
Cheers great posts.

Pup

You need to do some research EUA could be sitting on a possible $27b resource, and we are only valued at £100m.

[cool hand kev] 21/11/2019 09:15

If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it.

Fundamental Changes of Business - to what

and what about STP and Uranium?

[littlepuppi7] 21/11/2019 09:12

Edgein, I am not saying there is not a good resource here... But I would rather buy a resource that is being exploited (ALTN here) and is huge - easy 500m USD plus, for 10m than here for 100m and hope for another 500m mkt cap - that would put it in the FTSE250!

I think this has been pushed as far as possible for now... If palladium goes much higher I think you will see substitution into platinum so it will hit a wall at some point.

Just look at the chart - I dont deny the second wave is not happening, but it will be nothing like the returns made on the first one, mark my words.. ALTN has not had wave 1 yet, thats teh best bit!

And as one poster put it on the ALTN thread, if ALTN does what it quite possibly could, the returns will be greater than all the other gold miners on LSE combined as its resource is so huge.

[bmwman3] 21/11/2019 09:08

lol my model does have indicators and I do use them! I try to be more courteous due to the reputation given to Bmw drivers!

[charles clore] 21/11/2019 09:06

Ooh you lot are catty!

[edgein] 21/11/2019 09:04

Driver,

Well it had to be said. Also its worth also noting again that EUA are currently benchmarking MT against other projects that sold for between £600m and £1.4bn ish. Making the current share price look rather cheap if one or more bidder(s) steps forward from these talks just for MT. That's not taking into account WK and from the recent plans they're keeping pointing out increased volumes of production from future years as they fast track reserves and have taken WK on at 100% 2/3 way through last season. A JV on WK would be interesting with a larger miner and get multiple washplants on the go on the new reserves. Or sell it and get several rigs onto that MT inferred reserve.

Regards,
Ed.

[boatman123] 21/11/2019 09:00

What we all want to know is do you ever use the indicators ? Or are you an average bmw driver ?

[driver101] 21/11/2019 08:58

cc

Shame you didn’t buy an Audi you wouldn’t of had that problem.

[driver101] 21/11/2019 08:56

Cheers Ed

I was just about to say that.

[charles clore] 21/11/2019 08:56

I have owned BMWs for the past 20 years and have never been disappointed until this year when my 330d failed the MOT test due to chassis rust and brake pipe failure. I bought a Peugeot but quickly realised there was no comparison so I sold it and bought back into BMW. I am now happy and content with my choice. So how does this relate to EUA? Well I suspect that, having taken profits earlier and invested elsewhere, people are realising that perhaps they shouldn't have sold and are returning.

[edgein] 21/11/2019 08:49

Pup,

Actually the current market value here is £102m which is very low considering the size of the Russian verified reserves. They needed those verified to get the ML that they received previously. That's not even including WK which is in the progress of being upgraded like I posted today. Also you're failing to recognise that most here have averages circa 0.4p so by the time these hit 6p and above that's another x5 bagger. I'm not selling these until I see the conclusion of the M&A. With the reduced selling here recently it seem most other are also waiting to see the conclusion of these talks. DS has a history of getting projects to production ready and selling them, hopefully going the same way here. Given the size of the reserves, the size of the Inferred on the flanks (currently estimated as bigger than MT currently) there is no way I'm selling these for a lesser investment.

Regards,
Ed.

[bmwman3] 21/11/2019 08:48

My portfolio is mostly split between this and 88e. This I feel is being held in a range until we get to the next stage in negotiations and poss offer/s where as 88e is flying off in an upward trend before a rigorous drilling campaign early 2020 but both have been my best holds for some time! It's working for me and I feel both are stars of the future but as always dyor this is not advise just my personal position and are not selling until the story plays out on both! Regards!

[willmac4671] 21/11/2019 08:47

I never thought about that, but i guess you're right cc, they all have their various buy in levels!

GLA

[charles clore] 21/11/2019 08:45

Also the market cap is approaching £100m and that is a threshold for more funds to buy in.

[willmac4671] 21/11/2019 08:43

Mine are firmly in a tight grasp, as will be most by this stage.
Interview tomorrow, hopefully keeps the momentum going!

GLA

[cool hand kev] 21/11/2019 08:42

Are MM's working thro' BUY orders?

[driver101] 21/11/2019 08:41

Pup

We have got the message, bye.

[charles clore] 21/11/2019 08:40

driver - precisely!

[driver101] 21/11/2019 08:40

cc

A collective sit on your hands job.

[littlepuppi7] 21/11/2019 08:37

Telbap. People say ALTN is being ramped everywhere.. I have posted it on the EUA and KEFI threads.. Mainly because I think there are intelligent people on both who appreciate the incredible investment case there.. If they are the only threads you go on then its "everywhere" but I can assure you.. ALTN is well under the radar in relative terms.

[cool hand kev] 21/11/2019 08:36

PennStreet: Yes me too