Eurasia Mining Share Discussion Threads

[mostyn] 16/7/2019 10:07

CC,

The problem at present is we don't know when said events will unfold.

[charles clore] 16/7/2019 10:00

mostyn - you have just very succinctly put into words precisely WHY the share price isn't going anywhere! However I am quite sure that it WILL move in the right direction as events unfold.

[abrahe00] 16/7/2019 09:56

Hear, hear! Good post Mostyn. Exactly what I have been saying for months.

[excellance] 16/7/2019 09:51

Had to read that twice!

[mostyn] 16/7/2019 09:43

PennStreet,

If Eurasia were at all concerned about the share price, and I don't believe they are, they would provide some concrete news. They have obviously tried to improve their PR, and at first it did look promising, but they are now just trotting out the same sound bites on a regular basis.

The price of platinum and palladium is going up - nobody seems to care.
Demand in the future looks strong - again nobody seems to care.
Monchetundra could be a company maker - seems to many investors too far in the future.
West Kylim is in production and going well - where is the evidence.

Eurasia make plenty of comments on what they are going to do and what is in the plan, but much less specific comment on what they have done. Can anyone on here point to the specific week when gravel washing actually started. They made several comments about when it should have started, and then some retrospective comments about the quarter in which it did start, but none that I have found as to when it specifically did.

If there were ten specific tasks that they need to complete before Monchetundra goes into production (in particular whether any Russian approvals are required along the way) where are they now. They keep trotting out the same chart showing full production starting in Q3 2020. Is this realistic - I have no idea. Does anyone on here know. They actually need a list of key milestones and ticks for those complete.

On the podcast DS mentioned a number of things that investors had asked upon which he couldn't comment as they were not in the public domain. Surely that is a choice on Eurasia's part not to communicate them. They should either provide the information or tell us why they can't. They could provide WK production figures and add caveats if the figures could/should not be extrapolated for he full season (variable grades / recoveries / nugget effect).

I don't believe we are all unable to read and understand company communications, but can anyone say they know with any real accuracy where the company stands on its two projects.

There may be confidence about the future, but there needs to be interest in the here and now, and the company are doing little to generate any. While this is the case the share price is going nowhere.

[snowman100] 16/7/2019 09:20

TDT (at times FLBW) probably actually is RG........ what a clown(s).......both possible aliases now on filter (along with many more)......probably has many other aliases too......their attempts to ruin this site have failed to date........but be very wary of their undermining influence, especially on new/prospective shareholders......use the filter button wisely........they will come out with their stock phrase or similar....'you only want to listen to positive statements and not anyone who disagrees with your own views....you are burying your heads in the sand etc etc'.....then for a very short while they will post very mild critisism of the company....but don't be fooled....that will soon disintegrate into a full flowing sewer of tirades full of false or misleading information to paint the company in a very dark light.....their info will be interspersed with a few throw away true facts to make it look impressive research......but be under no illusion they will eventually take over the site and drive away all decent shareholders......track record says it all! and yet they are still here.........the one question they never answer is why ????!!!!!! If you have doubts about a poster just look at all their previous posts by left clicking their name....if you see poisonous posts use your filter. Especially be mistrusting of clowns that keep having to change their names!



Happy days !

GLA genuine investors..........we will be richly rewarded in time.........Can hardly wait for the WK results to date.......exciting times !!

[cool hand kev] 16/7/2019 09:11

So if MT is going to be put up for sale once in production.
I assume that Sinosteel have first call after having provided the finance.
There are probably some conditions in the contracts small print.

[pennstreet] 16/7/2019 09:07

Not a promising start!

[book5] 16/7/2019 08:05

Russianguru
We know that , majority of business work like that
We will pay debt in less than 3 years of full production
Leaving minimum 11 years more , ie $862 million for us, after clerical costs and taxes 20p per share
And that without the new reserves at depth
and flankes
There isn’t any Pd miner like this listed In london

I believe DS will not sell below 8p per share, what I around $400 million for MT

[russiaguru] 16/7/2019 07:58

Book - euas model doesn't work like that, all the debt from the epc will sit on euas balance sheet, 150m, an operator will take 70% meaning that for the first number of years eua will not be profitable as needs to clear the debt, although tax breaks may help.

[trickydickytwo] 16/7/2019 07:58

"ADVN won’t tolerate him on EUA site"

Really!

TDT

[book5] 16/7/2019 07:56

Don’t forget, Pd Pt Au Ni Cu will make problems solvable
Where there is profit to be made there is a way

[book5] 16/7/2019 07:47

No one, but many problem will be all around them
But problems are there to be solved
Thing is, why they don’t speak about thrm

[abrahe00] 16/7/2019 07:41

Russ is right. They keep banging on about this "binding EPC" with Sinosteel but fail to mention all of the caveats that give the Chinese a get out.

I have asked this question from the company many times and yet, they will not provide an answer. How is the $50m payment from Sinosteel structured? Surely that is in the contract!

What do EUA need to do to start receiving this money?

A small draw down form this kitty will more than cover a year's production from WK!

Something is not right...

[russiaguru] 16/7/2019 07:35

Penn hard to invest at this price as a pure gamble until Mt finances clear

Give me an example of a similar arrangement over mine construction, I have never heard of one.

[pennstreet] 16/7/2019 07:31

Come on Russ - you know you're impressed with the prospects. You're not going to get these much cheaper!

[russiaguru] 16/7/2019 07:26

Mining license had to be reapplied if no action after 2 years, leaves eua 18 months left to construct. Late 1990's again?

No sign of anything apart from paper flipping

Ds did do a good podcast, but no chance of attracting new investors, all sunshine and rainbows and only 100kg target for Wk.

Where is the passion the ambition, why haven't eua been to China, gives some dates to motivate themselves.

Grrrrr.

[book5] 16/7/2019 06:57

DS does not speak much about what problems they are facing
Rather
He is saying all will be ok
I would prefer to know a bit about the problems
But, I agree with the general message, delays have occurred in WK, but all looking promising and low risk for shareholders

Happy to have taken the opportunities to keep adding some each month

[pennstreet] 16/7/2019 06:04

I think DS's body language says it all.one confident dude!

[letmepass] 16/7/2019 02:57

Lots of talk and no action here.. Cant wait

[excellance] 16/7/2019 01:43

He also says that last year and this year grades have proven to be 3 to 4 times higher than expected.

Now, Kluchiki was always going to be a higher grade operation, Greater quantity too, so bigger scale operation.

Can't wait for the update now...

[excellance] 16/7/2019 01:35

7m in the interviewer says Eurasia at WK are the second biggest PALLADIUM soft rock miner...I presume that's a mistake that DS didn't pick up on, but he then goes on to say WK isn't strictly alluvial as often described, but actually "soft rock".

Did they miss all the pd last year and hoy it into the tailings pond?

Have they now decided to employ complex machinery to extract palladium along with platinum and gold at WK?

Ffs more questions than answers!