Eurasia Mining Share Discussion Threads

[cjb1971] 03/11/2023 16:47

Pog mark 2.Russian company like ummc will swoop in and take the assets over for peanuts.

[bspgamer] 03/11/2023 16:05

RNS at the end of the day or first thing Monday?

[firestarter1] 03/11/2023 15:03

Crazy after seeing they will suspend next weekThe lies now all come outOut of cash unable to place Game over

[bspgamer] 03/11/2023 14:59

To many are deep in the shot still averaging down, thanks to the rampers

[wewillwin20] 03/11/2023 14:49

Dnt be LEFT IN HERE TODAYGET OUTYOU WILL LOSE YOUR MONEYSUSPENSION MONDAY

[firestarter1] 03/11/2023 14:35

Suspension Monday

[billionairepaddy] 03/11/2023 14:32

definately going to hit the skids very soon
are e u a out of cash yet

[abrahe00] 03/11/2023 14:28

Whatever it is, they are clearly unable to pay it. Gowling WLG (UK) LLP is a serious law firm, not some numpty backstreet chancer...

Interestingly though, the petition is against EurasiaN Mining... Is that the same?

[gemstar2] 03/11/2023 14:22

How much is the winding up petition for?

Once it’s advertised it’s game over

[cjb1971] 03/11/2023 13:51

You see the price he bought them at?Could of sold them today and made a nice chunk o profit.

[spacegazer] 03/11/2023 13:47

Well it's not showing on this site

[farview1] 03/11/2023 13:42

There is an RNS for that. I'm not suggesting that anyone buys

[spacegazer] 03/11/2023 13:33

Why no RNS?....

[farview1] 03/11/2023 13:31

Director exercised options and paid out 25k. Why bother if all is lost ?

[jaknife] 03/11/2023 13:27

Cjb1971,

"Not something ive made up mate.
Was just sharing info on here i had seen incase others had missed it.
Very sad to see this happen, without the war could of been a much different outcome."

The war is/was irrelevant to the ultimate outcome, it's simply speeded up the process because EUA can no longer send funds to Russia to fund the ongoing mine operations which were/are loss-making.

There was never going to be a takeover or asset sale along the lines originally implied because that was simply a fake takeover scam to sucker in retail punters.

Note, for example, that the Russian invasion of Ukraine started in Feb 2022. So let's look at how Eurasia performed in the 2021 calendar year, before the war started. Here are the results for 2021:



Revenue of £2.3m
Loss of £3.1m

But compare that to the original corrupt report by ACF Equity Research "Does Monchetundra make EUA a £1bn+ play?" from February 2020. It forecast for 2021:

Revenue of £341.2m
Net income: £164.1m

How could EUA have missed those forecasts so materially? It wasn't the war that's for sure. It's because the forecasts were bent! And so was the whole premise that their assets were ever worth £1bn+!

JakNife

[abrahe00] 03/11/2023 13:26

Shouldn't the company had issued an RNS about that winding up petition? It's a week old!

[bspgamer] 03/11/2023 13:19

It's been risky for a longtime, many had the time to exit but choose not to. Greed and fear will kill you

[amanitaangelicus] 03/11/2023 13:15

Shaft is in da room. Run while you can. Might be able to skim this for a while, but risky as ...

[teaboy100] 03/11/2023 13:15

Nt to buy at 1.8p. Can sell over 500k at 1.75p

[bspgamer] 03/11/2023 13:09

Great time to top up : (

[teaboy100] 03/11/2023 13:06

Nt to buy at 1.6p. So the bounce traders are interested.

[teaboy100] 03/11/2023 13:01

So, who's soaking up all the sells?