Eurasia Mining Share Discussion Threads

[pennstreet] 15/7/2019 19:34

In the meantime i can't access the podcast - get an error code!! Registered with VOX and still getting the error code.

[excellance] 15/7/2019 19:02

Book,

In some businesses third party verification is obligatory, but their work is usually confidential. They just take notes, observe, and report back between the two parties and not ever to the outside world.

In our case ALL information we have comes from Eurasia Mining, so we are asked to trust their words, but their words are very often unclear on exact detail...example the date Sinosteel will exchange contracts and pay us consideration...ok we may not actually know yet, but we do know what we have to do to get to that point, and must have a plan!

Of course we don't want every detail, just a framework, and we loosely have that on the chart 📈 on the website, so maybe reassurance that we are still on our chart with no reason to think there could be a delay would give us greater confidence.

Share prices are largely a function of confidence, low share price means low confidence, simple.

[block4gooner] 15/7/2019 18:54

As the podcast mentioned selling, any guesses as to what's in it for us humble shareholders?I'd be happy with anything over 7.5p. Is that unrealistic or undervalued?

[book5] 15/7/2019 18:33

Exc

Good point: third party verification..
I would love if sinosteel updates the market though

[thechinaman1] 15/7/2019 18:25

Book, I think DS’s remarks were aimed at bashers such as TDT and RG who weave doubt and plait fear out of nothing more than investor anxiety. Why on earth would DS try threatening Sinosteel through a podcast? I’m sure a business man of his experience would be able to engage a partner adopting a far more professional, and effective, approach than that.

TC

[snowman100] 15/7/2019 18:10

RG ....'Regardless of what they say something seems fishy about Mt'

I don't think so, the only thing that smells strongly fishy is an 'investor' who does nothing but knock the company he is interested in !.......oh whats that....not interested?......on your way then...........you're contaminating the board with a decidedly fishy aroma!!........................off you pop !!

[excellance] 15/7/2019 18:10

Guru,

Sinosteel are state owned, they don't need to do investor shows or release rns's, they don't get involved with partner company investor shows, they just agree contracts and deliver.

I agree that getting third party verification of progress would convince more people, like maybe an updated Optiva note, a press interview with Russian authority or Sinosteel official, or an institution buying in, would maybe be tipping point.

So far we only have the word of CS and DS as evidence, but many aren't convinced, the market hasn't yet bought it, and there lies the opportunity.

So, do you believe?

[book5] 15/7/2019 18:06

Russianguru

DS Cant upset the Chinese, but his tone towards them is almost threatening: legally obligated to do build the mine. According to DS Chinese want to deliver mine and pass us the debt as the debt ASAP.

Imho most probably he have already had offers on the table, or he is pretty sure things will end up well. This mining he stated MT will go into production soon!!!

Why otherwise he is still here adding shares ?

Agree with you not enough details about MT cash flow revealed, how much money has Sinosteel spent so far?

Big secret is the sell of the Pd.... I guess the buyer and sinosteel will share the production

[snowman100] 15/7/2019 18:05

HB58.....'I wonder what the point of this was'

It was a straight forward sales pitch for Monchetundra.

[russiaguru] 15/7/2019 17:53

Regardless of what they say something seems fishy about Mt, why no update, surely something must be happening, not even an inkingling regarding finance.

Sinosteel themselves have may no statements after 8 months.

[book5] 15/7/2019 17:48

It seems this share does not have an adequate investment rating for the institutions
Price noise is mainly due small PI sentiment, which can be very temperamental.
We need cash generation / profits stated in reports before city beam counters pay us any attention
Great opportunity to get rich if all things work well, and things seems to be working their way through
Happy enough to hold and add bit by bit

[thechinaman1] 15/7/2019 17:37

Good podcast. It provided confirmation, yet again, that the Monchetundra mine is a reality and the Sinosteel contract is definitely in place, with the reminder that it was only agreed after extensive due diligence by the state-owned Chinese company, will provide a ‘turn key’ development at a competitive interest rate, with the loan sitting on Sinosteel’s books til full production ie 130,000 ounces a year of palladium equivalent is achieved. Specific reference is made to the balance of the capex required to complete the project with DS confirming it will, in effect, be supplied by Sinosteel through a $50m contract ‘paying’ Eurasia for site clearing services, a ‘bridging̵7; arrangement as I believe Dimitry describes it ie a payment in advance to EUA to cover off the balance of the capex, a legal and reasonable approach to support a deal Sinosteel was keen to seal.

There’ll continue to be those who will question but I’d respectfully advise potential new buyers to read the facts on the company’s website, and listen carefully to the facts detailed in the podcast rather than get bogged down in the attempts by the bashers to muddy the waters.

EUA will be sold, and DS repeatedly tells you the game plan and route map: prove up resources, getting the necessary mining licenses, moving towards production, then selling on at a hefty profit. The processing and offtake agreements he was so coy about are evidence for me of important discussions going on.

Patience but only til early Autumn latest, in my view, as someone is going to be getting concerned that the closer MT gets to production, the more they’ll have to pay.

EUA share price by Xmas 0p as will have been sold. Enjoy the Summer cos the Autumn’s going to be great. AIMHO of course!
; )
TC

[block4gooner] 15/7/2019 17:12

Think it really needed an RNS today.Enjoyed the podcast, to me, seemed positive but nothing new. As it was a Q&A thought it might use more of the excellent questions that have been posted here this Past 19 days or so

[haut brion 58] 15/7/2019 17:07

Unfortunately, a disappointing podcast not preceded by an RNS, so nothing we didn’t already know. I wonder what the point of this was. Board clearly need some help in getting their message across.

If the news from WK was good we would have had an RNS by now.

[snowman100] 15/7/2019 16:50

Pt now 850 (+16)

Those prices sound lush Cyber ! .......wasn't aware they had taken off so fast this afternoon....lol !!!

[mostyn] 15/7/2019 16:20

The podcast, assuming it is the podcast, has generated 3 buys and 2 sales with buys slightly outweighing sales. Not much different to a day without any catalyst. Influence of podcast probably zero, but it was interesting to listen to.

[abrahe00] 15/7/2019 16:12

1.45???? Where? They can have mine now! ?

[cyberbub] 15/7/2019 15:53

Well I can sell 1.6M (the maximum I have in one account) in one go at 1.465p when the published bid is 1.45p. So there appears to be some demand.. at least for now. I agree that proper news is needed soon though!

[snowman100] 15/7/2019 14:16

zzzzzzz

Meanwhile still both climbing

Pd 1571
Pt 844

[book5] 15/7/2019 13:32

Indeed
we need to wait tough

[driver101] 15/7/2019 13:23

Book
Anything above 10p would be a nice result.

[book5] 15/7/2019 12:59

Driver1
After taxes and 80% share may less but still above 20p

[excellance] 15/7/2019 12:38

No, MT could merely be mine number 1.

Previous miners didn't even look for PGMs, just base metals, and Eurasia plan to expand into adjacent blocks for PGMs but also nickel and copper credits.

So MT is a footstep into a huge long term metals project.

The price for a buyer just went up significantly.

[driver101] 15/7/2019 12:19

Great interview IMO, nothing new but reassuring that all is going to plan. The Kevitsa comparison or even mentioned is good, £750m that would cheer a few up on here, future looks like bring MT to to full production then put the for sale sign up. Ok by me if the price is right. 750m is in the upper twenties sounds good to me.