Eurasia Mining Share Discussion Threads

[block4gooner] 26/6/2019 15:56

I was the one who managed to get 1M yesterday at .4950

[book5] 26/6/2019 15:20

Can’t buy any

[charles clore] 26/6/2019 14:59

Maybe that's why bitcoin is up over 10% today at around $13k. At least not all my investments are laggards lol!

[snowman100] 26/6/2019 14:32

CS is non exec director of 2 shields.....up over 31% today so far.

[excellance] 26/6/2019 14:20

Platinum is now a cheap alternative to gold, which is just mad!

Gold of course is still considered to be the global currency.

Platinum, like silver, is largely industrial.

Palladium is usually just a by product or platinum, is also industrial, but is very rare.

[excellance] 26/6/2019 14:13

Bought some galileo, my first punt in Africa for ages.

Shallow loose high grade Zinc (and silver) for easy quick money.

[cool hand kev] 26/6/2019 13:49

There's a bit of buying going on perhaps the share price is due to pop? :-)
And paying full offer price

[mostyn] 26/6/2019 13:41

Eurasia on twitter:


Eurasia Mining
‏ @eurasiamining
7m7 minutes ago

#EUA #Platinum #WestKytlim
𝙋𝙡𝙖𝙩0414;𝙣Ҵ26;𝙢 𝙂𝙧𝙤𝙬0425;𝙝
◽️ Innovative strategies boost platinum jewellery margin
◽️ Platinum retail sales up 15% year-on-year in the first quarter
◽️ India continues to be the fastest growing market
hxxps://buff.ly/2KRjWEf

[zhockey] 26/6/2019 13:40

Ex I bought AAZ at 4p :)

Sold too early though!

[excellance] 26/6/2019 13:34

Two Shields flying. Where's the troll gone?

[ekuuleus] 26/6/2019 13:02

news I'm looking for on EUA is the update on performance of the new washer plant process and ore quality, and confirmation that 2nd wash plant is next year not this year.

This will result in EUA rerating up, or lingering for another 5 months in current range.

[ekuuleus] 26/6/2019 12:54

I'm inclined to agree ex. Looked at aaz and it's already bolted. I need to have a look at the fundamentals in detail but lookin at the chart, looks a little overbought and short term, volatility may mean there will be some better buying opportunities even if the momentum and fundamentals mean it will go higher.

Waiting on EUA news before adjusting EUA position.

Bought very small holding in ecr, and a medium in AAU.

[excellance] 26/6/2019 12:31

I added a couple of gold stocks yesterday, AAZ and ALTN but regretting the AAZ one already...timing couldn't have been worse, it's probably peaked for now...and today gold is easing, taking a breather.

AAZ is of course a nice looking business, and I'm kicking myself for allowing gold fever to get the better of me...should have bought at 20 not 120.

And there's the lesson for EUA. You can buy at 0.50 or wait and buy at 5p

It's obvious, doh.

8(

[rhuvaal2] 26/6/2019 09:36

I top-sliced my gold stocks yesterday morning... methinks global economics will
add to the fire by autumn. Silver is that dead, can it ever wake up?

[book5] 26/6/2019 09:31

He did not read it
Only want to have fun from us,
If sinosteel applies only for 150 million, this means we would need to raise the 25 million

[pennstreet] 26/6/2019 09:21

Come on Russ - where have you read this?

[book5] 26/6/2019 08:15

Russianguru
Do you have a link showing $150 million Sinosteel loan facility application?
We will need more than that though
Thanks

[cyberbub] 26/6/2019 07:58

We don't necessarily need $4m profit.... $1m would do, just to avoid the need for placings etc!

[russiaguru] 26/6/2019 07:45

Gold taking a nice bath from 1440

Will eua get below 0.45 today

Some good news for eua, looks like sinosteel is applying to banks for 150m facility, could it be Mt.

[excellance] 26/6/2019 02:54

In another lifetime I worked for an american multinational, but they got into trouble and had to pay massive compensation to hundreds of thousands of ex employees, costing billions, so they sold off non core assets to pay up.

A former director of said multi wanted to buy a division he'd set up years earlier, and he consulted the banks.

A venture capital company came up with a plan, they would provide 80% of the cash but the director and associates must raise the remainder.

Something similar could be happening here re MT. Maybe CS doesn't want to put $24m into MT and have total exposure, maybe he wants others to invest to mitigate risk and give us financial strength and flexibility, and of course there's also a strong probability that MT will get taken over.

I wonder how much cash they want to raise and if they are anywhere near yet?

[cudgietoo] 26/6/2019 00:44

Interesting conjecture, Mr book

Patience IS the key - I ask myself why the recent high-profile exposure to "the big boys" in terms of institutional investors / fund managers?

I don't have an answer, but the question rattles around in my head

It seems to be a display of extreme confidence, subject to bureaucracy ..

The entire ballgame could change at any moment

[book5] 25/6/2019 22:31

Last they said in 2019 production will be around 750 kg pt, That is $18 million
What happened? It is anybody guess
No good reasons given, just that reserves need upgrading before more washer plans can come to site
Next year should be make or break year

My guess is that banks don’t give credit to contractors unless reserves are upgraded first

Reserves have not been upgraded yet bcs till now it was too costly to upgrade them. Now they have a cheap methodology that has been pre-approved by authorities (coring only, rather than coring and trenching) but needs at least one year more of production (or may 2 or 3....who knows ..) to validate it.

I wait, no selling

[zhockey] 25/6/2019 22:06

WK is always Jam tomorrow. Not great for an asset that is supposed to be keeping the lights on.

3 years ago they had a plan to be making circa $4M/year by now. What happened?

[excellance] 25/6/2019 21:26

It is, but is it "gold fever"?