Eurasia Mining Share Discussion Threads

[trickydickytwo] 23/7/2023 10:30

I think two contract miners walking away from West Kytlim tells you all you need to know.

TDT

[purchaseatthetop] 23/7/2023 08:11

WK is worth minus a few million. The DFS resource data that was actually released a few years ago show it is impossible to mine at a gross margin profit. It loses at 33% gross margin each and every year. It should be closed snd then lease, rehabilitation and other costs still have to be paid.

[book5] 23/7/2023 00:00

Wk is worth more than that, but a fraction of the current market cap. In a good day, it is worth a single figure million $, plus the plant. The rest is worth zero.

[book5] 22/7/2023 20:05

Probably a eua’s closest associate owns the remaining 36% of WK, but his/her name has not been declared . The lucky person will end up owning the 100% once this goes bully up.

[purchaseatthetop] 22/7/2023 18:03

“It’s concentrate”?
EUA only own 64% of it. After the concentrate has been processed, refined, smelted, reduced to pure metals and all those costs and giving away 36% plus taxes, what do you think will be left? That is if it has no already been nicked.

[book5] 22/7/2023 17:41

Does the company need to keep paying its employees to buy their silence?

Therefore, rather than liquidating the company and returning money to the shareholders, they will run it until they spend all cash on wages.

Somehow Eua will need to pay for next year's concessions' annual fees.

They could keep aligning their loyalty if Eua barter its Pgm concentrate to pay its Russian employees' salaries, mining concession fees, and social security bills.

[tigerbythetail] 20/7/2023 10:14

Something significant has changed in Russia since the Prigozhin rebellion.
Putin is now seizing the assets of Western companies and handing them out to his favoured cronies to buy their continued loyalty. Meanwhile (and incredibly) Prigozhin himself is still free and still speaking freely about the war. As for the overall Russian economy, it is in a dire state and gradually getting worse. The only good economic news is that they don't have an unemployment problem due to the number of men mobilised for the war!
In short, Putin's position inside Russia would seem to be far shakier than we in the West realise.
Also, Wagner seem to have issued fairly realistic casualty figures as well: 78,000 men took part in Wagner operations in Ukraine, of which 49,000 were convicts. Of these 22,000 dead and 40,000 wounded. Add in a few thousand missing as well, and I can believe those numbers. Bakhmut was indeed a "meat-grinder" of the worst kind.

[purchaseatthetop] 19/7/2023 14:06

TBTT. It is essentially selective theft now where the elite are cherry picking anything they want and not even having to pay zip. Robber barons. Medieval. Nobody seems to want an exhausted old mine in Kola Peninsular

[tigerbythetail] 19/7/2023 14:04

More seizures of the assets of firms from "unfriendly countries" (i.e. the West) in Russia. They have also started doling out the seized assets to regime-friendly oligarchs / the offspring of leading political figures.
If EUA had anything worth taking it would be taken from them now. But they really don't, so these forced nationalisations / asset grabs don't really concern them.
Someetimes it's good to have nothing worth stealing!

[zeus19] 18/7/2023 13:53

Get your popcorn ready Billy Smarts this circus is leaving town.

[bspgamer] 18/7/2023 13:44

Liam, where are you. We need our ramper back?

[roberth176] 18/7/2023 11:15

The eua pump fest is over

[bradshaw980] 18/7/2023 11:05

The absolute state of this company ROFLMFAO

[tigerbythetail] 18/7/2023 10:27

Some faulty desperate attempts by the rampers on the LSE board to shout down some people asking awkward questions.
For instance, the accounts show that EUA lent $28m (i.e. the money raised from the multiple placings) to its subsidiaries. There's nothing wrong with that, per se. But where did the money go from there? That's the question that needs an answer!

[roberth176] 17/7/2023 09:15

Where is the saleWas there ever any sale or buyer

[tigerbythetail] 17/7/2023 09:05

Hi PATT!
Hopefully, yes, the Russian army will fracture and fail. Cracks are appearing now, but it's still hard to be sure how this ends and when. Putin, I think, is clinging to the hope that Trump will be re-elected in late 2024, and that the orange one will basically cut all funding to Ukraine and hand the country over to him.
On the LSE board they seem blissfully unaware of the latest business developments in Russia.

[purchaseatthetop] 17/7/2023 05:37

The Russian army is starting to fracture like the French army did in 1917. Widespread refusals to fight by elite divisions when their leaders are being replaced or arrested. Putin is losing control.

[trickydickytwo] 16/7/2023 19:23

Such is the madness of AIM that Eurasia will probably go up!!!!!

TDT

[tigerbythetail] 16/7/2023 17:54

Danone (yoghurt etc.) and Baltika (owned by Carlsberg - Russia's largest brewer) nationalised without compensation today by Putin. All remaining assets in Russia owned by companies from "unfriendly countries" (i.e. the West) expected to follow in the next few weeks.
If EUA actually had any assets of value in Russia this would be terrible news for them, and tomorrow the share price would crash by at least 50%. But as their assets are worthless, I expect the share price to not move at all. Such is the madness of AIM!

[purchaseatthetop] 16/7/2023 13:49

Ahhh…the hydrogen and ammonia strategy based in Sakhalin if I remember! Crazy days when that gem appeared. A true Jump the Shark moment.

[spikeyj] 14/7/2023 23:19

TDT, yup. meanwhile, spot the next story being spun to support the attempted placing. mac’s previous schtick, the DFS, has been played out, so now it’s onto ammonia and hydrogen, EUA v2 (who cares about v1, eh?)