Eurasia Mining Share Discussion Threads

[edgein] 18/4/2019 14:46

CC,

Yes trading isn't exactly for everyone. Interesting timing for more Optiva clients to take some EUA, good timing before imminent production start-up and MT progress. I'm hoping the WK flanks are similar to the main finds a couple of metres of overburden and then pay. £500k could drill a lot of those holes, maybe even send that Alexi fella out with an Auger or bucket and spade and he'll have less time to play around on Power point or twitter. :)

Regards,
Ed.

[excellance] 18/4/2019 14:46

Paddy,

Wasn't the last placing at 0.30p?

Today's at 0.55p which was probably calculated based on the actual current mkt price with a discount.

[book5] 18/4/2019 14:45

Rns has increased the volume
Market likes it

But it could have been much better
Patience

[aidenabettin] 18/4/2019 14:43

russ you need to BUY $BTC. Simple!!!!!

[book5] 18/4/2019 14:43

Exc
Agree
Mee tio
745kg At WK next year must become a reality

[billionairepaddy] 18/4/2019 14:42

I don't like the fact that they issued shares cheaper this time than previous if everything was going so well

[charles clore] 18/4/2019 14:40

russ has shown his hand and burned his bridges. Down to 2.5m shares, for him there is only one realistic option now - to join the many new investors who will be buying at prices closer to 1p when the WK production newsflow begins.

[russiaguru] 18/4/2019 14:39

book - still hold 2.5m from 0.4 days. just trying to diversify out of AIM at the moment for the May correction, especially micro-caps. Had some fun in JLP recently though along with a few oilers.

[excellance] 18/4/2019 14:39

Look at the equipment the contractor is using, its all expensive kit, they mean business.

Can't wait to see the WK scaling up plan now!

[book5] 18/4/2019 14:37

Russianguru
You may regrets your recent shares
Good luck though

[buzzarn] 18/4/2019 14:36

Who cares, the market likes it. Plans change all the time.

[edgein] 18/4/2019 14:36

RG,

Yes I hope the contractor did very well out of last season as they have the bulk of the costs of production and development. Its a revenue share so they get more of the reves for doing more of the work. They're back again early to prepare for the current season.

Regards,
Ed.

[excellance] 18/4/2019 14:35

Short this at your peril, go on I dare you!

[excellance] 18/4/2019 14:34

Optiva wanted a lot more

[book5] 18/4/2019 14:34

I have sold none
But I can’t accept that a broken promise is excellent news, never mind the tiny amount if shares

[book5] 18/4/2019 14:34

I have sold none
But I can’t accept that a broken promise is excellent news, never mind the tiny amount if shares

[edgein] 18/4/2019 14:34

Zh,

Perhaps plans for WK has changed and they needed a little for work on MT before the sub-contract money arrives. Things change, if they want to raise some to advance exploration on WK so be it.

Regards,
Ed.

[charles clore] 18/4/2019 14:33

You're kidding russ. This news is excellent. The oversubscription underpins the share price at 0.55p. You just can't please some people.

[excellance] 18/4/2019 14:33

I like the bit about diversity of shareholders too, so maybe that has been an obstacle for a major institutional investor?

[book5] 18/4/2019 14:33

Russianguru
Agree
Unless they wanted to gives cheap shares to friends, or really need cash for MT right now
We will know for certain if 2019 is a success for WK, questions will be asked why they did not ask for a loan instead?

[russiaguru] 18/4/2019 14:32

thought optiva's bunch had a few 100m shares floating around.

Eg - we don't know anything about the profitability for EUA regarding WK, presume the contractor did well out of it.

I'm not totally negative on EUA but better options elsewhere, I was actually expecting a much larger placing for MT, something like 500-800m at 0.5.

[edgein] 18/4/2019 14:32

Oh goodness did some of you fellas sell out just before the imminent start-up of the WK season or something? CS raised what he needed for MT and WK, WK season is still imminent though as is this season's cash flow. Optiva clients got some cheapuns ahead of events at WK and MT, good on them the could have put their money elsewhere.

Regards,
Ed.

[excellance] 18/4/2019 14:31

"The placement should also support faster scaling up of production at West Kytlim and will further diversify Eurasia's shareholder base to include Optiva's investors."

I think this paves the way for the WK plan rns, because they now have the money to do it.

WK rns on its way.

Look, placings are a dilution of value for us, but, in this specific case it solves a potentially serious cash deficit, so now there's a lot less immediate risk, and, we didn't expect the last financial year to be in profit, but the next one will, at least at WK.

Delighted with this tiny placing.

[book5] 18/4/2019 14:30

Happy with the share price action today
I almost bought more...

[zhockey] 18/4/2019 14:29

How can you take those no dilution messages seriously now?