Eurasia Mining Share Discussion Threads

[excellance] 22/12/2020 19:46

Yes, an extremely long wait.

I recall in 2008 they were hoping to get WK up and running but the financial crash came along and nearly killed this company.

Obviously Anglo bailed, and we took full advantage re MT.

Still, from tiny acorns do mighty oaks grow, and we can see similar time spans at ARM or Apple who grew over decades and had many turns on the way.

Currently I'm looking for saplings rather than acorns cos I dont have another 20 years to wait, or maybe some tiny big hitting exploration companies.

I think I've got a few now in my portfolio, no banking or oil these days, just copper, gold, PGMs with a sprinkling of hydrogen. I am beginning to silt towards growth and yield and not simply growth.

[yikyak] 22/12/2020 19:26

excellance, thank you. Unfortunately not but I've got non active investor friends that I put into it way back then that are now absolutely over the moon at their sudden and unexpected windfall, especially during such a tough time. Really pleased it finally worked out for all, albeit a very long wait.

[excellance] 22/12/2020 19:14

Welcome back yikyak, good to see you return to an EUA bb.

Do you still have an interest here after 20 years or are you long gone?

[easwarareddy] 22/12/2020 19:09

Was it a close above 35.7 we needed to get to then push to next leg up with charts. I think darkstar our resident chart expert said. Looks like we've hit it

[thebeastofbodmin] 22/12/2020 18:54

With you Charles on that, and keep a small amount of Cryto on a ledger X for security.
Take a look at ARB (no ramp intended) if your interested in a crypto miner on LSE.

[picklednuts] 22/12/2020 18:12

EUA all the way!

[charles clore] 22/12/2020 17:50

Good points well made Ek bit I'm hedging my bets and no matter what happens to fiat currency, cryptos are a hedge. Tax or no tax.

[ekuuleus] 22/12/2020 17:47

bitcoin is decentralised. There is no owner. That's the point. When you make a transaction, it has to be recorded in several nodes. It can then not be undone, but it can be traced.

If there is an issue with a contract, e.g. widget not to standard, then you would have to arrange a refund. If it's a dodgy trader, then block chain does make it a lot harder for that trader to hide. Overall, it's a big step forward to trusting the counter party.

[ekuuleus] 22/12/2020 17:44

charles, go and try buy some bitcoin through a UK broker without proving who you are. Oh yes, AML, of course. And a little KYC rules.

block chain retains every transaction, so even if you manage to be anonymous now, 10 years later they may trace you. When they say they will tax the agent if the original owner cant be found, the agent will give you up in a jiffy.

What gives bitcoin some legitimacy is that issuance is not in the control of governments. That gives it some stability that pure fiat currencies like dollars or pounds don't have.

The other area is cost of money. using a bank costs money. raising money via a stock issuance costs 10 to 15%. Cutting the middle men out (bankers) is possible using block chain. At least, in the short term.

At the end of the day, currency gives you 2 benefits. First is that it halves the base complexity of any deal. Instead of swapping your carrots for spanners, you only have to worry about your product, carrots. After establishing a price for your carrots, only people who want carrots will come to you and even if their product is spanners, you no longer have to worry about the counter party's product. Instead of knowing 1000's of products you need to know just one. The effective complexity is a minute fraction compared without currency.

The second benefit is the time benefit. My carrots are ready but rotting because you have nothing to trade. 3 months later the counter party beef are rotting because you have nothing (other than rotten carrots) to trade.

Over a longer time frame, I can work in my good years, have a pension and not work in old age. The question then becomes what to use to represent value. Governments are proving untrustworthy to work for the common good. What point should I save currency if the value of that currency can be devalued?

It's a lack of trust in government and the fiat currency they issue that is principally driving bitcoin. The other driving factors are lower transaction costs and resistance against fraud. Those traceable transactions are what corporate and people want. What is concerning is the misuse by government.

[brad44] 22/12/2020 17:34

ps nice finish to the day btw!!!

[brad44] 22/12/2020 17:26

Ex, I heard that Manchester City are looking to embrace the use of Litecoin LTC at their outlets

[excellance] 22/12/2020 17:20

Blockchain stock market engine seems perfect, but will those dusty old criminals who run the market platforms allow such common sense to prevail?

Of course not. Not unless they can keep an inside track to maintain control, I mean order.

It is crypto currencies that I have an issue with. Not only is it very exclusively for tech nerds rather than grannies or low IQ average John, but it can be divided and split infinitely at the whim of its shady controllers.

So it can't be mainstream, can only ever be a play thing for techno snobs who like the concept of taking virtual gaming currency into the real world.

If bitcoin, the best known crypto, has issue, who do you go to? Who owns the bitcoin protocol? How do I get redress and who from? No, it's way too clandestine to have real value, tho obviously there is still a lot of growth potential as interest grows and more numpties plough their savings into it.

Good luck to them.

[sarumike] 22/12/2020 17:13

Yeah exactly, that's best policy. In fact I'll do the same this tax year.

[charles clore] 22/12/2020 17:10

Capital gains are by self declaration . I don't expect to declare any myself as I would only plan to draw down mine and the wife's annual tax free allowance but you never know!

[snoopy12] 22/12/2020 16:53

Brad I have not experienced adverse so far. Touch wood.

[mold breaker] 22/12/2020 16:51

Phil, really sorry to hear about the house, hope you find a better one or two or three soooon. GLA. Think we're heading back to the forties!!

[julian1000] 22/12/2020 16:45

I've had no problem at all with Coinbase they are great

[brad44] 22/12/2020 16:38

snoopy off topic, I've heard its ridiculously difficult to get payments out of coinbase back in to your personal acc, is that correct?

[cool hand kev] 22/12/2020 16:32

Nice finish 😃

[julian1000] 22/12/2020 16:30

I like and use www.TradeSanta.com

[sarumike] 22/12/2020 16:29

HMRC don't understand crypto, won't regulate it in UK, yet expect people to pay taxes on crypto gains

[charles clore] 22/12/2020 16:27

Ek - how can they tax it if it's decentralised? And how will they know who to tax? I don't think names appear on the blockchain ledger

[sportbilly1976] 22/12/2020 16:27

interesting rise into the close....someone got wind of something to be announced tomorrow?