Eurasia Mining Share Discussion Threads

[charles clore] 11/6/2019 08:29

russ - I would imagine Sinosteel being a big experienced company in their field of mining all over the world has done their due diligence thoroughly. I would also think that they have quite a bit of influence in Russia. So I don't think there will be any big surprises or complications at MT.

[russiaguru] 11/6/2019 08:24

Cc-true you can wait, but the problem is there is always something hidden about eua. 2 wash plants, then only on approval of additional reserves, then only on approval of conversion c2-c1.

Last year and optivas broker note mentioned nothing of this and thus is only Wk. Imagine the complexity of mt

[charles clore] 11/6/2019 08:20

ex - as you say it's quite simple all we have to do is wait and mining will start in 2020. But some people try to make things appear more complicated than they are. Not quite sure why that is really.

[book5] 11/6/2019 08:06

Today Sinosteel shares up 7.4%
Sinosteel Sp graph is Looking ok

IRC also up similar %

Both miners serving China

[excellance] 11/6/2019 08:01

most contracts have subjective clauses, subject to this, subject to that, the biggest ones in our case were getting the license and permits, and we've done those and fulfilled our side of the bargain.

now sinosteel have been on site, agreed contractors, and are working with us towards start of development, and i suppose it is possible for a black swan to appear but unlikely. all we have to do is what we said we would do.

[abrahe00] 11/6/2019 07:34

UpthePool, if you don't believe me, ask the company...

[aidenabettin] 11/6/2019 02:58

Sinosteel have only one get out card and thats to simply rip up any contract if circumstances change and write a new one. Russia would not object.This is all about Russia -China and EUA are simply the link to BVI and CYPRUS with trading/laundering(imo) through a very lightly regulated london financial system(no questions asked)

[driver101] 10/6/2019 20:44

Always doom and gloom on this thread no wonder the share price won’t budge.

Sino have a legally binding contract to go into production two years from the issue of the mining license, why would they want any get out clauses. They will be making a mint out of MT and so will we.

Wk is going to be ramped up, double or even treble production = more revenue = more profit to EUA.
Sit tight we are on a slowish road to 5- 8 to 10p plus.

Hold and add on the lows is my strategy here.

[upthepool] 10/6/2019 18:55

[[But that's the point! We don't know what's in the contract and all the caveats that give sinosteel a "get out" card.]]

So we don't know whats in the contract, yet you think Sinosteel have a load of "get out" cards.

Does that suit the agenda maybe? That's desperate.

[book5] 10/6/2019 18:37

I believe that if Sinosteel walks out, we don’t need to built the whole 170ish million plant
Instead We crash , concentrate it and sell it to Norilsk!!
So financing needs could be much less indeed

“All options are opened” is s statement repeated in eua interviews

So I am relax with MT, and concentrated in WK that is our bread and butter

[cyberbub] 10/6/2019 18:29

People are fretting too much about MT, IMO. It's true we don't know exactly what the small print is in the Sinosteel contract. There is sti work to do on the drilling.We can't predict the price of Pt or Pd obviously as we don't have crystal balls. But even then, surely to fxxk MT today has to be worth 2p per share, even if Mr Market doesn't think so?

[book5] 10/6/2019 18:11

MT without flanks was valued at £50 million
We shareholders are going to make money , question are how much and when

[abrahe00] 10/6/2019 18:02

But that's the point! We don't know what's in the contract and all the caveats that give sinosteel a "get out" card.Today's rns was another load of "hopefully, soon, expected" nonsense".C1 estimates still tiny, otherwise they would be shouting from the rooftops.

[charles clore] 10/6/2019 17:52

Russ - your hope may well turn out as fact. In fact there's a signed contract between EUA and Sinosteel fully funding MT with an earn-in for EUA that will probably pay for their 15%. Facts are hard to argue with when they are written down in a contract.

[russiaguru] 10/6/2019 17:38

Gotta hope Mt funding is secured, I still have no idea how it is financed, considering we now know additional drilling will be required. Jan couldn't get decent finance for their pgm project so sold it for a whim.

Jlp doing well but has a diversified portfolio of production.

[aidenabettin] 10/6/2019 17:24

Lets see what happens in Moldova and who takes what side.

[book5] 10/6/2019 16:02

It was resolved quickly

[excellance] 10/6/2019 15:59

indeed book, we want good trade agreements between reasonable people, and we don't want angry rhetoric or even war.

I'd love Russia and the UK/USA/EU to finally stop bickering.

It wouldn't solve our government debt problem but it would help.

Great result for Trump over in Mexico i think.

[book5] 10/6/2019 15:54

USA Mexico agreement = wings under industrial metals
Plan of Fed to reduced rates = precious metals and broad market doing well lately

Carry on with the good news.

Next China USA trade peace deal

Of course we had to wait till USA opens to up bring the doom to an end

[excellance] 10/6/2019 15:47

anything could happen!

actually, Eurasia could leverage WK income for the cash to pay our 15% of MT. Not ideal but possible, and maybe better than selling WK?

[aidenabettin] 10/6/2019 15:41

If the blockchains and the tokens are not ready then the resources will stay where they are or even stockpiled unofficially of course.hTTps://masterthecrypto.com/tokenization-tokens-create-liquid-world/

[aidenabettin] 10/6/2019 15:36

hTTps://finance.yahoo.com/news/russia-may-build-offshore-destination-124800501.html