Eurasia Mining Share Discussion Threads

[hammol316] 22/9/2021 19:32

The total or majority of funds will be used for the license transfer of the JV Rosgeo resources as mentioned there is more there now than previously thought, hence the need of the latest placement.This is the final piece of the puzzle (among other things) to enable the asset sale, which will include some of the JV with Rosgeo IMHO.

[purchaseatthetop] 22/9/2021 19:28

Jubbers...and that Feasibility Study details were RNS'd on 31/5/17.

The key items were reserves (80% for EUA):

C1 555 kg
C2 44160 kg

98.75% of the reserves were C2. Which is inferred. Guessed. Check the RNS. On the back of that this share has become worth £1b. Incredible.

[trickydickytwo] 22/9/2021 19:24

Hardly surprising they were positive. The Ananiev brothers pumped £2.885m into Eurasia at twice the prevailing share price at the time. That was a real positive that a lot of people, myself included took as a reason to buy.

As for slurs noboby has posted a slur. People are merely questioning the process and the outcome.

Your credibility jubbers dissipates by the day.You're a nudge, nudge, nod, nod, wink, wink man (or woman).

TDT

[love_a_good_jubbing] 22/9/2021 18:54

I shared a link to the article, thought that would be clear enough!So in April 2015 when the share price was around 0.8p they loved Eurasia at Shareprophets and then by July time when it peaked at 1.5p briefly they suddenly switched tune. We all know what game they play. Must really stick in their throat last 2 years. If they had done nothing they could have had 30-40x on their investment, way better than anything else they've tipped. So they bitter about missing out and yes I'm berating him.

[love_a_good_jubbing] 22/9/2021 18:46

I didn't say it was a DFS did I? But it clearly states what was logged with the Russian State.Given as far as I know they didn't realise the details you seem to be making some assumption about what the document contains. Sounds familiar this - the same as with West Kytlim, so so easy to make slurs isn't it.

[lurker5] 22/9/2021 18:42

Jubbled - You berated TW, saying he recommended EUA. You neglected to mention it was back in 2015 (when the shares peaked at 1.5p)

[purchaseatthetop] 22/9/2021 18:40

Jubbers.....not a Definitive or even Preliminary Feasibility Study. Stop kidding yourself:


Mon, 3rd Apr 2017 16:27

RNS Number : 4293B
Eurasia Mining PLC
03 April 2017

Eurasia Mining plc (AIM: EUA)

("Eurasia" or the "Company")

Monchetundra Project - Feasibility Study Approval

Eurasia Mining plc, the PGM mining and exploration company, is pleased to announce that the Feasibility Study for the Monchetundra Project, submitted in late December 2016 (see RNS dated 22 December 2016) has been approved by the State Commission on Mineral Reserves ("GKZ"). An official protocol confirming this decision will now be issued by GKZ who then send the document for final approval to Rosnedra.

The Feasibility Study describes the economic extraction of reserves identified at two open pit targets on Eurasia's 80% owned Monchetundra License. Two open pittable targets have been identified at Loipishnune and at West Nittis occurring approximately two kilometers apart. Further details will be released when the reserves are officially released by Roznedra, which is the final stage for their approval under the Russian Standard.

[love_a_good_jubbing] 22/9/2021 18:39

Sorry you gonna have to explain what this relates to. Easier for all if you link replies?

[cool hand kev] 22/9/2021 18:37

Yes, they don’t appear to have eaten into the raised funds

[lurker5] 22/9/2021 18:36

Jubbled brain - When TW made that recommendation, I believe the shares had reached a peak 1.5p. 1.5p !

[love_a_good_jubbing] 22/9/2021 18:28

Thanks for confirming and making me laugh - you realised you were wrong on one of the statements before I had chance to read it!And just to be crystal clear on this, you seem to dismiss that Monchetundra had a feasibility study accepted in 2016/7 I think it was.And how do you view the cost of building any of the mines at these potential projects i'm going to look at tomorrow ? For example *if* there was a project with similar resources to another how do you bring capital expenditure into the equation? You seem to JORC oz but don't have capex or operating costs in your statements that's all.

[excellance] 22/9/2021 17:57

They said yesterday that prior to the placing they still had $20m cash in the bank, and have funded WK expansion and MT/Rosgeo activities, and they made a previous statement a few months ago re cash in the bank and it seems we've not spent a penny in months.

I'm away from my pc at the moment, I'll see if I can find the previous cash statement when I get home, it may have been the results.

Anyway, the jist of it is that WK has been funding activity for itself and for the wider group this year.

Any bean counters out there please take a look.

[thewisealbatrosstalks] 22/9/2021 17:39

A gust! Today I dine on blue fish. Still far to go and higher highs to see. I glide on my wide wings

[spoonkey] 22/9/2021 17:30

excellance "They are clearly receiving chunky revenues from WK to supplement the finances."

How do you know this or is it an assumption based on there being 3 washplants now?

Cheers

[love_a_good_jubbing] 22/9/2021 17:23

A question for StorkyBoy and others :Are you absolutely 100% totally certain that any PGM project in the world has never sold for anything above $0 pre DFS ?This seems to be your main gripe against Monchetundra having significant value yes?Have I got the wording right on this before I go looking, got some spare time tomorrow and want to put this to the test if I can.

[excellance] 22/9/2021 17:08

Who cares, it's been a good day.

[themadstork] 22/9/2021 17:07

TDT:

Those threads were all started Sep *2020*. I've no doubt we'll see more charming bulls doing similar types of things in the future though. Really demonstrates the strength of their 'case'.

[cerrosdelaguila] 22/9/2021 16:51

Those trades have been worked through during the day. I'd rather they were sells

[themadstork] 22/9/2021 16:46

Steve:

Indeed we shall.

The combination of massive social media echo chambers plus confirmation bias and sunk cost is incredibly powerful. I expect that 99% of EUA holders are perfectly rational, lovely people in their day-to-day lives, yet they have been sucked in to holding what is a plainly and absolutely provably insane belief: that EUA will sell its resource for £1bn+ despite no similar resources ever being sold for over $0 in the entirety of human history.

It's really quite something, and one of the main reasons I'm so utterly fascinated by the story, way out of proportion to the % of my portfolio my short position comprises.

[purchaseatthetop] 22/9/2021 16:38

stevebrrrr.....if the FSP was a smokescreen then how do you know that the Rosgeo JV is also not a smokescreen?

Hey....it is!

[purchaseatthetop] 22/9/2021 16:37

Cheers Flavio....been waiting for the breakout for a while. It is the heart of the new wireless 5G that is being rolled out worldwide and will be 250p next year. Have a look folks. Fibre is now irrelevant. It is all about cheaper wireless.

[stevebrrr] 22/9/2021 16:36

I suspect that the FSP was nothing but a smokescreen ladies, EUA were playing for their most precious commodity apart from the PGMs, time.

Time gentlemen please? Only time will tell.