Eurasia Mining Share Discussion Threads

[charles clore] 25/6/2019 19:34

ex - I get where you're coming from. It's just so tempting to ride the gold rally wave!

[excellance] 25/6/2019 19:26

Didn't CS say we'd get the upgrade at the next sitting of the authorities?

If so I'm expecting news any day now.

Gold miners are doing great at the moment, but we may be in overbought territory short term, and gold may not hold its recent gains...

Time will tell...

While I tend to think gold will rise to $2000 by Xmas I'm not confident enough to buy any more physical gold at these prices, have recently bought silver, can't find any platinum or pd at spot price, usually have to pay a premium.

I've got a chunky gamble on ECR, a tiny long term punt on HZM which I picked up recently,

Earlier this year I swapped my WRES holding for Rambler, and yesterday I bought a small amount of AAZ and ALTN which I may regret.

I now have very little cash in my account, preferring to hold smallcap gold miners instead for a while. I do normally like a reasonable cash holding for flexibility.

[charles clore] 25/6/2019 19:25

book - even without the second washplant we still have a very nice mining operation and with this year's improvements I reckon we could see at least 500Kg Pt this season worth at the current price around $4m to the mine ($1.4m to EUA).

[book5] 25/6/2019 19:01

Approval needs reserve upgrades, and for that they need this year mining production
So, unlike this year

[charles clore] 25/6/2019 18:13

AAU is my favourite company but EUA comes a close second. There could be a second washplant this year but we need approval for that so there is no point in pinning our hopes or payment of salaries in cash to that so that's why they are being paid in shares. Approval could come tomorrow or in 3 months, we just don't know when it will be but when it comes the share price will jump imho. I'm staying cool and believe patience is key here.

[ekuuleus] 25/6/2019 16:53

Damn, I'm feeling motivated. Haven't had that feeling for a while.

[pennstreet] 25/6/2019 16:50

No way book - good news could drop anytime soon. All we need is an MT rns !

[ekuuleus] 25/6/2019 16:48

not sold any eua yet. I agree, mood music is no second washer plant this year, but some optimism over licences, second washer plant next year. Improved mineral recovery with upgraded wash plant design, more streamlined process with lager stock pile built up to prevent stopages on washer plant.

It then becomes a question of timing. There is a lot of movement on companies like AAU. Whilst EUA looks great, it may have same share price in 6 months time. I haven't sold any EUa for a while. I did sell LLoy and bought AAU last week. If no real progress on news on EUA, I'll review at end of week and may move some form EUA to AAU for the short term.

[book5] 25/6/2019 16:32

Good news could be 11 months away
So, frustrating waiting time for me

Fact they are paying salaries with shares means they don’t expect second washer plant this year

So to the bottom draw, I have to ride the boredom and the pain.

IMH Only MT can now bring unexpected exceptional good news

GLA

[bobby1904] 25/6/2019 16:30

Seems all patience beyond a few days has disappeared across AIM. If people researched properly and made informed investment decisions with at least a medium term view they may actually make some decent returns. Jumping around scatter gun fashion is a pointless & risky total waste of time yet retail punters seem to know no other way!! This is why most lose money!!

[ekuuleus] 25/6/2019 16:30

copper mining is going to be big.

A oil based car has about 20kg of copper. An EV has about 100kg

[excellance] 25/6/2019 16:12

Compare and contrast

[excellance] 25/6/2019 15:33

It isn't mining that's flying it'd gold.

We do produce a thimble of gold, but mostly out of favour platinum.

8(

Maybe if we could somehow find some gold?

[cool hand kev] 25/6/2019 15:04

And it is painful :-(

[charles clore] 25/6/2019 15:02

russiaguru25 Jun '19 - 07:39 - 22336 of 22341
...Eua is a hard story to sell, I would only recommend to investors who like pain and patience...

So why are you here russ?

[ekuuleus] 25/6/2019 14:54

rest of mining sector flying. ecr, aau, aaz.

this stock needs some good news.

[pennstreet] 25/6/2019 14:43

Well let's hope they rope some new investors in at the exhibition!

[block4gooner] 25/6/2019 08:53

There was more buys than sells yesterday but share price went down

[dr darkstar] 25/6/2019 08:27

Cudgie, that's a new one on me, that the share price can move on Newsflow alone. I've always found in the past that an share price is moved by buying which is of often stimulated by newsflow. I watch with interest to see days when RNSs move the share price on zero volume days

[russiaguru] 25/6/2019 07:39

Ex very true but gold spikes never last long unless we have Iran war.

Eua is a hard story to sell, I would only recommend to investors who like pain and patience

[ekuuleus] 25/6/2019 01:50

nearly is still a year to go.

[excellance] 25/6/2019 01:31

I have ALWAYS believed that Eurasia or parts thereof were always for sale, but first they have to make them worth paying for.

We are nearly there...

[cudgietoo] 25/6/2019 00:36

DR DS -

"I don't see any institution investing in a company with our valuation. This is all about PIs and the Directors are clearly failing even at this stage to get the message out into the PI community"

At this stage, a load of new "fly by night" or "Jack the lad" PI's is the LAST thing we need! .. The tale is slowly unfolding, and the PI's that are aware of the story are already on board, I'd suggest?

Seeds are being planted in the minds of real big players

We now need news-flow for germination an growth. God! I'm a philosopher!
[that one takes a bit of thinking about, Eh?]

[red rook] 25/6/2019 00:16

Thanks FatBoySim for that link ... Dmitry is indeed on this new link to the Mining Journal event @ 1h07min.

I do like Dmitry's presentations, and I really liked his initial statement where he began by introducing himself ... '' I've been investing and taking into production several mining projects and SELLING THEM to strategic investors like ...... currently I'm focused on Eurasia as its largest shareholder and also a director of the company..''

That's more like it !