Eurasia Mining Share Discussion Threads

[purchaseatthetop] 24/9/2023 16:36

Talk about the world changing. Vietnam and the USA are about to launch an arms deal with US selling 4th and 5th gen fighters and air defence systems to Vietnam! Now everybody knows that Russian S300 and S400 air defence doesn’t work that global Russian export is gone.

[purchaseatthetop] 23/9/2023 07:54

It’s pretty obvious. Dmitry and all the insiders sold their shares long ago but have released the data. Nobody will be able to touch them. This lawsuit is designed to shut EUAdown once and for all and the problem dies.

On the Ukraine non war. It looks to me like the Russian defences are crumbling much like happened in Normandy in 1944. For months there was slow progress through the bocage but finally all German reserves were committed and exhausted and the lines evaporated into headlong retreat. Seems similar here.

Did enjoy the plan of destroying the naval HQ outside Sevasropol two days ago so all the top brass had to relocate to the city centre HQ and then hitting it with three Stormshadow yesterday. Herding admirals to the doom. Actually it seems they may have decapitated the Black Seas fleet leaders.

[tigerbythetail] 21/9/2023 15:47

All in all, the case of the missing share certificate a bit of a mystery story.
At the bottom of it, it's worth asking "cui bono" - to whom the good?
Because I'm sure that this odd situation is no accident and that somebody is making money from it. Why else has it been allowed to fester for so long? It's really not such a big deal to reissue a lost share certificate - if everything is above board, that is.
As said, the FCA should audit the share register and check if the number of shares in issue and the declared major holdings are correct.
My money says they are not.

[book5] 21/9/2023 13:25

I read nothing about the case, but based on a recent novel that has come into my hand, this is my guess.
all smoke and screen:
management knew what some shareholders were doing: selling. After all, they agreed to share the profits in advance.
Then, the management sued to divert the attention of the authorities, knowing that the culprits would not be extradited.
Happy days, plenty of money in their bank accounts? Used some to avoid the collapse of the sp, but not for long, just until the state confiscates their licenses
I wonder if reality is even wilder than fiction.

[tigerbythetail] 21/9/2023 11:30

What I wonder is if Queeld's shares have been sold without their knowledge and not for their benefit, and if that's why the BoD are so reluctant to replace the missing share certificate.
Yeah, I know that would be (highly) criminal under UK law. But Russians can't be extradited from Russia, so so what!
Any road, as bad investments go, this has to be amongst the very worst.

[spikeyj] 21/9/2023 00:06

There still seems to be a lot of activity on the lse chatboard to deter critics and pump, from a few particular frantically active IDs (who are, frankly, not subtle).

re unnatural stability - certainly suspect that there is some kind of sustained massage going on, but probably not with a happy ending in prospect.

re share register being in order or not, it would be intriguing to know whether the various BoD members and associates do still have the shares they are meant to have, or whether one or two folks might have accidentally forgotten to declare some sales.

[tigerbythetail] 20/9/2023 15:07

But, given the shares are NOT anonymous bearer shares, what should matter is not the certificate but the entry on the shareholder register. The original certificate merely represents a copy of that entry, and can easily be cancelled and replaced. Surely?
How on earth has a matter so seemingly trivial become the subject of expensive High Court litigation?
I do wonder if the share register is in order. How many EUA shares are actually in circulation? Have Queeld's shares been sold from beneath them?
Coincidentally, I remain puzzled by the unnatural stability of the share price. The mcap is flatlining on £80m, when it's really hard to imagine why this company's mcap should be more than £10m. And most likely a great deal less than even that.
Nothing - absolutely nothing - would surprise me here.

[the modeller] 20/9/2023 14:57

If it was fraud, surely the case would be brought by the Crown?

[jaknife] 20/9/2023 14:44

I don't understand either but there's always the possibility that the shares have been stolen or that Queeld have lent the shares to someone. If it was simply a case of the share certificate being lost then you simply provide an indemnity and that's the end of the matter. If the share certificate is ever found then you hand it in. If someone else tries to sell the shares then that's when there's a court case.

[tigerbythetail] 20/9/2023 14:23

Does anybody understand the pending High Court court case fully?
I don't understand why EUA didn't just issue a replacement share certificate to Queeld. I could understand why EUA would be reluctant if they were bearer shares, but I don't believe they were. And how come Queeld "lost" such a valuable document?
Frankly, it reeks of Russian "biznes" (i.e. fraud). But I can't make out who has cheated who! Certainly, if the FCA were a functional organisation, then they should call in the EUA share registry for examination. But, alas, the FCA are what they are...

As for the war, I don't think Ukraine will lose. But I do think it could go on for a long time. We should have armed the Ukrainians much more heavily much sooner, whilst the front lines were fluid and before the Russians sowed so many landmines. (The reported density is phenomenal - up to 9 per square metre. The Soviet Union must have had tens of millions of the damn things in storage).

[bspgamer] 19/9/2023 15:57

They were going to have a party and allThe shareholders were invited, Ibiza was the venue I remember they were going to have Calvin Harris on the decks and unlimited champagne. Now they couldn't even buy a round of carling and have Ken Bruce's tribute act. £400k is now being invested in a new x council house in Brighton for the rent boys Liam and Halland to work from!!

[mgellie] 19/9/2023 13:01

Not interested in share price - just think you're clueless with your conspiracy theories. Russia invade Ukraine - end of. Lunatic

[ekuuleus] 19/9/2023 12:31

Hmmm mgeelie th3 plugged in genius thinks the shareprice has high volitility.

Clu3leaa indeed.

[jaknife] 19/9/2023 11:37

They're not mining WK because it's a loss-making operation and they don't have the cash to support the losses. For many years now Eurasia has been running at an operating loss - ie it costs more to get the shiny stuff out of the ground than the price that EUA ultimately sells it for. And then there's the admin costs on top of that!

[trickydickytwo] 19/9/2023 11:37

I suspect the main reasons for not processing the sand and extracting the PGM is that it would merely confirm, once again, that WK was a loss making operation. That's publicity they just didn't/don't need.

The pile of sand will probably disappear into the ether or be quietly forgotten about once this goes bust.

TDT

[purchaseatthetop] 19/9/2023 11:15

I did love the reason why they did not mine WK was because they were concentrating on selling to buyers. Completely unrelated things of course but I just wonder if that concentrate just is a pile of sand now and has gone walkies.

[bspgamer] 19/9/2023 11:06

They are Russians say no more

[tigerbythetail] 19/9/2023 10:54

Yes, I don't know how much longer they can keep spinning the plates here before it all comes crashing down. It may be the costs of the ongoing court case tip them into bankruptcy.
But, seriously, WHERE DID ALL THE MONEY GO?
This is the real mystery. EUA raised tens of millions in the share placings when the pump was working. What have they spent all that money on?
OK, West Kytlim is perma-loss-making and eats up a few million dollars of that sum. And money has been paid out to various consultants etc. But that doesn't really explain it. WHERE DID THE BULK OF THE MONEY GO?
And how come the share price is so stable and so clearly utterly mispriced? Is that part of the same mystery?

[purchaseatthetop] 19/9/2023 10:41

The interesting thing is that it had cash of 400k on 30/6/23 and another 1.5m in cash equivalents. They also have the unsold concentrate but after other parties share as EUA only own 64% odd of it and after refining fees plus the fact is value is dropping all the time it means there are only know cash of 2m. At 30/6/23. There are current liabilities of 2.7m at 30/6/23 which is quite astonishing as they have not mined for many months.

If anybody thinks Ukraine will ever give up then review the Vietnam War (another special operation and not a war). The North Vietnamese and many Southerners were willing to sacrifice whatever it cost for as long as it took because national identity required it and nationalism was fierce. Wars or special operations are very easy to start but very difficult to finish.

[bspgamer] 19/9/2023 09:47

They are helping the company spend the last £400k on a ex council house in sunny Brighton : )

[bspgamer] 19/9/2023 09:42

400k in the bank, couldn't get buy a semi detached for that LMFAO

[book5] 19/9/2023 08:05

rns
The excuses comic
Pile of lies