Eurasia Mining Share Discussion Threads

[milste1] 10/4/2021 19:29

Looking forward to further updates and focussed on the bigger picture...

(((((-:

[purchaseatthetop] 10/4/2021 19:17

He is great thanks. We went for a mile walk today. He has to carry a tube from his chest as air comes out still but that is being removed on Monday.

Can i just repeat that I really appreciate the support from all.

[mgellie] 10/4/2021 19:12

How's your son doing PATT? Well I hope.

[purchaseatthetop] 10/4/2021 18:34

Murph1969...you a make a very good point. Actually nobody knows whether EUA is in a good or bad position, and that is not good for an investor.

I keep banging on about the DFS at MT and that is for a very good reason. Without a DFS there is no independent calculated and verified IRR and NPV of the potential project. Yes, there are drilling results but that is not the same.

I am not saying that the data the BoD is incorrect. It is just that without the full picture it is impossible to make a judgement.

EUA got a DFS done for WK. That is not good reading. I am not going to go into my calcs on it but IMO it is not really economically viable to process it. However, there is relatively little value at WK so it does not impact the big picture. The question is, if they got one done for WK, why not MT?

When the FSP was started everybody was 100% absolutely sure that everybody would want and had to have the EUA PGM's. All over by Xmas etc. It is clear that it is not that simple. The question to ask is why is it not that simple?

I agree that i am sceptical and probably biased but not because I am jealous, or want to reduce the price, but because I have researched it and some parts of it do not make sense to me. Maybe I cannot see the wood for the trees. However, all investors actual or potential have a right to read my logic.

[mold breaker] 10/4/2021 15:52

The Monchetundra Project & Rosgeo
RNS 20.11.18 “Final Approval Received For Monchetundra Mine”
RNS 05.12.18 “As previously announced, EPCF contract in place with Chinese state-owned Sinosteel, for 85% (or US$149.6M) of a total contract value of US$176M. US$50M sub-contract Specified within the contract assigned to Eurasia's 80% subsidiary TGK, or a sub-contractor of its choosing, for engineering and pit development works in advance of mining.”
RNS 26.09.19 “Monchetundra Flanks Application Submitted”
RNS 04.12.19 “Potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces and c.13Moz detailed in the Russian Cadastre; additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz. The potential for the area could be 40M oz of PGMs.”
RNS 17.12.19 “Russian Ministry of Defence has approved the Monchetundra Flanks application, although final approval from SevZapNedra, the regional licensing body, is still awaited.”
RNS 25.08.20 “Monchetundra Flanks license has been approved by the regional licensing body, SevZapNedra.” RNS 26.03.21 “The Rosgeo Agreement allows Eurasia to gain a 75% equity stake in each of the nine new mining assets (the "Additional Assets"). The remaining 25% equity stakes will continue to be held by Rosgeo. The Additional Assets have a total of 104.6 Moz Platinum equivalent resources as at 31.12.2020 (source: Russian Feasibility Study ("FS"), TsNIGRI, Russian State Cadastre of Mines).”
RNS 09.04.21 “The Company is well placed to follow the model successfully implemented at West Kytlim and Monchetundra in developing a new global district for PGM and battery metals mining on Kola. The Company acknowledges the ESG focus adopted by its JV partner Rosgeo and its in-depth knowledge, experience, expertise and network of contacts, that make Rosgeo an ideal partner for the development of the Kola PGM district.”

For all the DOUBTERS look what happened at AudioBoom (different industry) but after FSP came to nothing, has gone up over 200% in 6 months. The FSP is not the end of the story… if nothing comes of it yes price will initially drop (by how much? who knows) but in time 1,2,5 years it will certainly 5 bag from here maybe 10x.

GLA ALL

[murph1969] 10/4/2021 15:23

People cannot see the woods for the trees

[murph1969] 10/4/2021 15:19

Hmmm so long term EUA is in a bad position. You know that answer

[purchaseatthetop] 10/4/2021 15:08

Been out taking my daughter to get the train back to Uni...catching up.

IMO....

The BoD should have arranged the following before starting the FSP:

1) Definitive Feasibility Study (DFS) on MT, and
2) Fully financed and ready for development of projects.

I am pleased that you see my input as sensible. I really am not wanting to stress people.

The absence of both of these has caused problems. They are addressing number 2. The absence of number 1 IMO means that all those millions of oz PGM cannot be relied upon. The absence of the DFS makes me wonder why?

The creation of conditions whereby the BoD CAN have a rights issue means that an investor MUST assume that there will be one. I agree, maybe it is belated Game Theory but that is not as effective as early Game Theory.

The existence of the facility means that many investors, who have been around and about for a long time, will now give up.

Look I do not know what will happen but certainly nobody will be buying on Monday with the uncertainty and a lot will be selling.

Have a good weekend and good luck.

[dr darkstar] 10/4/2021 14:09

The weak are always shaken out before the real gains .....

[upthepool] 10/4/2021 14:02

Also, I think the share price will go down first thing Monday as the uneducated think the FSP is over, there will be no sale and sell out. I don't think it'll go anywhere near as low as the numbers PATT quoted though.I think that'll be short lived though

[murph1969] 10/4/2021 13:54

Think it's called options.Why sell for 2 billion when you could make 15 billion.All about time.If on free float.Time not an issue.

[upthepool] 10/4/2021 13:52

Also, PATT, you seem to be sure there will definitely a rights issue? My reading is that the RNS just allows the BoD the facility if they require it.Also, hope your son is on the mend.

[upthepool] 10/4/2021 13:48

PATT. Sensible post so worthy of a (hopefully) sensible response :-)If it is of your opinion that the BoD needed to prove they could mine it themselves, and that this RNS did that, why do you then conclude that the price will tank to 14p on Monday - have they not strengthened their position?

[excellance] 10/4/2021 12:53

Here's a hypothetical scenario...

Let's say that the company wish to raise a billion dollars for development of MT and other mines.

Our new investors are prepared to invest say $750m at let's say 25p per share, but existing investors get to also participate with let's say a 2 for 9 rights issue, that is we get to buy 2 25p shares for every 9 we already hold.

Would that be a good deal?

It would mean there would be maybe 5 billion shares, and we'd have a billion dollars in the bank, and assets containing 120m Oz pgme, and a little income from WK, or as could sell that, and we'd be producing vast amounts of pgms in three years.

Is this hypothetical but perfectly reasonable scenario good or bad for us?

[excellance] 10/4/2021 12:42

If Japanese investors are willing to invest a ridiculous amount of cash with us, and we get to participate via rights issue on the same terms, we'll be producing pgms from three open pits in three years and five open pits in five years.

That's a lot of ore.

This company at that point will be worth maybe £15 billion and making £1.5 billion profit every year.

Now, about our current market cap...

Of course some IDIOTS will say they want 50p now, but wouldn't it be better to aim for 500p in five years?

That's a 20 fold increase from here by just holding tight and doing absolutely nothing!

So yes, one or two numpties may get spooked, but imho once this deal goes thru the share price will rise and keep rising for five years.

We also have the real possibility of another player emerging with a spectacular t/o offer to swing the pendulum their way.

Extremely exciting and interesting times we are in.

[ciminna] 10/4/2021 11:56

This hasn't been about the immediate share price for ages but all about the big picture end game! If you're not convinced by the company or BOD then sell. If you don't have any shares then don't be sad and waste your time here making comments. Happy to hear all sides of people's options but you can't just keep being negative without explaining how you got there. Happy to hear your research as to why you feel this is a bad share to be invested in? Detailed research not just spouting negativity

[smraynot] 10/4/2021 11:54

Keep up the good work purchase an educated poster.

[purchaseatthetop] 10/4/2021 11:48

As I said, you are all too tribal.

My post was a copy of a post I made on 16/3 stating that EUA needed to show they could mine the resource themselves as their negotiating position was flawed.

The EUA RNS of yesterday stated that they needed to show that they could mine the resource themselves to improve their negotiating position.

The EUA BoD have belatedly come to the same conclusion as I came to months ago.

Please tell me what is "being an idiot again" about that? Then I explain that IMO the rights issue will cause a share price drop (please find any rights issue that raises a share price). The issue is how far the price will drop.

Anyway....we will see. I wish to point out that I have done nothing to detract from EUA in any way.

[underhill2] 10/4/2021 11:42

I expect first thing Monday for the share price to drop but as the reality of the great news sinks in to rise to the high 20,s. In my opinion the recent news does not point to a full sale but a partial sale. In the medium/long term this is a great investment.

[underhill2] 10/4/2021 11:41

I expect first thing Monday for the share price to drop but as the reality of the great news sinks in to rise to the high 20,s. In my opinion the recent news does not point to a full sale but a partial sale. In the medium/long term this is a great investment.

[krystalklear] 10/4/2021 11:39

STILL NO REPLY...speaks volumes.I will bet you ?100 to your favourite charity that the share price will not see 18p on Monday. Care to Put your money where you mouth is?

[mgellie] 10/4/2021 11:36

I think knowing what PATT's son has been through I would be concentrating on family at this time and not being an idiot again.

[courty2] 10/4/2021 11:36

Did it not end up after RNS yesterday in Germany So why would it go down Monday... GLA

[thebeastofbodmin] 10/4/2021 11:34

The company has just delivered an RNS which more than ever demonstrates the global appetite for the resources they display.
Short term share price fluctuations are for small time players, ones with no holdings and ones who sold out and lost a load of money rainbow chasing elsewhere.

[underhill2] 10/4/2021 11:27

Deramping idiot is back again