Eurasia Mining Share Discussion Threads

[excellance] 16/7/2019 14:03

Meanwhile I can sell 2m max in one trade online so no problem with demand.

I do suspect the market is being worked, someone is buying the shares offered, picking them up cheap from weak hands as CS calls it.

I wonder how many they want and how many they've picked up?

Anyway, no positive new news until weak holders are out and shares are held by supportive holders...if you're on a T20 you're probably screwed, but that's the game isn't it?

[excellance] 16/7/2019 13:53

The next update, and it can only be weeks away, should put some meat on the bone.

DS promised an update in the podcast, but didn't give an exact date, but he didn't really have to promise anything, it is inevitable that they will give us periodic progress reports...but when?

I hope we don't have to wait til end of August, but who can say?

[charles clore] 16/7/2019 13:51

ex - I am with you on that. I have a modicum of dry powder and will buy another million if the price goes anywhere near the 0.4 support level although I don't expect it will!

[russiaguru] 16/7/2019 13:49

Ex, cc, so with a margin of 6 months when is the next news actually expected on Mt?

Wk a bit easier as end of season can be determined.

[excellance] 16/7/2019 13:35

Very entertaining debate, I'm enjoying the exploration of ths extremes, but it is getting quite ridiculous at times.

Some of you folks want to milk the cow when it's still but a calf.

Exact timings are not realistic. We have a timetable with some flexibility built in and as far as we know we are on target, until we are told otherwise.

There are lots of variables and to think otherwise is unrealistic. We have to accept that nothing is certain, if it was the share price would be twenty times its current value, but isn't that why we are here?

I want little ugly duckling Eurasia Mining to emerge as a beautiful white Swan in all its glory, but it will take time, work, and a little luck, but we will get there...eventually.

We are at rock bottom, so if you don't like what you see then fine, sell, go on your way to pastures green, send us a postcard, and good luck to you.

Personally I'm watching and waiting, bought another million the other day, still have reserve cash if I take profit from HZM, but I doubt it'll get cheaper and I am heavily exposed here already...but I can wait...14 years to retirement!

I fully expect CS and DS to succeed.

[charles clore] 16/7/2019 12:46

russ - if I may say so you have a knack of bending the truth. There are no actual dates set in stone for the next 18 months but show me any AIM company that does. What EUA does have is a very comprehensive Broker note from Optiva
and a timeline of operations which can be found on the web site if you care to look.

[russiaguru] 16/7/2019 12:33

Snowman that is quite funny, what is more funny is that eua has no dates for anything over the next 18 months.

If you mean a 'trader' is someone who holds for 18 months then your templates applies to a lot of people here.

[russiaguru] 16/7/2019 12:29

Mostyn if eua don't care about the share price surely optiva clients do.

Not supporting the share price with decent information means that it will be harder for eua to approach optiva in the future.

Such as, invest in us, we can offer dilution, poor comms, lack of action but good assets, just don't look at your investment for 12 months.

Works for some people

[mostyn] 16/7/2019 12:25

This is clearly not a traders share in normal circumstances. The only time a trader is likely to look at Eurasia is when there is some specific and significant news which is likely to spike the shares. If you look at the chart this is relatively rare. There are likely to be several types of investor that aren't particularly happy and so are looking for some news to enable them to sell or lighten the load:

Investors taking recent placings.
Consultants taking shares in lieu of fees.
Investors needing to take capital in lieu of income.
Investors, perhaps overweight, seeing other shares with more short term potential.

It's not just traders that like to see some regular news flow and perhaps consequent upward movement in a share price, as upward movement gives investors reasonable options depending on their circumstances.

[snowman100] 16/7/2019 12:06

RR I hope you don't mind....I've added an extra sentence on the end of your template for manipulating greedy self-absorbed margin traders.

'Dear Eurasia,

I am a 5-10% margin trader and you are making it difficult for me to peddle my trades. How can I trade in and out if you do not give me a precise time-table. So please can you send me an exact time-table, preferably to the nearest day, of when and what material events are going to occur.

I will, of course, continue to humiliate and slag off the company at every opportunity and would obviously also slash my own granny's throat for a miniscule profit at the expense of genuine shareholders.

Much appreciated '

[charles clore] 16/7/2019 11:52

Ek - I agree with you the directors graciously accept shares in lieu of wages to avoid having to fundraise but I have also noticed they don't sell when the price spikes. They leave that to the traders.

[book5] 16/7/2019 11:28

Eku

Indeed

[ekuuleus] 16/7/2019 11:23

book5, you missed an important reason

to continue taking shares in lieu of wages at a very good rate.

[milste1] 16/7/2019 11:20

Look forward to further updates...

((-:

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

A WK Production update would be nice :-) did they release one half way through last years mining season?
Just had a look it wasn't released until the 24 of Sept a while to wait yet zzzzzzzzzzzzzzzz

[excellance] 16/7/2019 11:11

The thing is its pointless snagging this off at 47 because it really isn't going to drop much further, it would be mad to sell.

Fear and greed folks!

Look at the chart for a pattern, has this happened before?

Yes it has.

Are we being worked lower, by the intransigence of directors and vitriol of posters on here, for the benefit of institutions or Optiva clients?

Probably.

...and what usually happens at the end of these quiet periods?

Look at the chart, it's all there.

Our time is near.

[red rook] 16/7/2019 11:08

Eurasia will put out material information when they feel it is necessary, and at a time of their choosing. They are debt free, so have no repayment worries. WK is in production and will provide their near term cash flow. Consequently, they do not need to go to the market to raise money, and so do not need to pander to the trading time-table of some frustrated shareholders.

May I suggest that those who are frustrated should send Eurasia an e-mail. I have drafted one below for their convenience ... :-)

-----
Dear Eurasia,

I am a 5-10% margin trader and you are making it difficult for me to peddle my trades. How can I trade in and out if you do not give me a precise time-table. So please can you send me an exact time-table, preferably to the nearest day, of when and what material events are going to occur.

Much appreciated

[excellance] 16/7/2019 10:53

CC I agree 100%

Guru makes good points, trades between highs and lows, but I think has a 5m core holding, or had?

It's worked for him and I have no issue with that.

Others who fret about not knowing every detail should maybe stick to holding just the 5% of their portfolio here, or maybe they can find a more transparent opportunity elsewhere, and maybe they can share that with us.

Each to their own, do what you think is best for you.

I have my concerns too, occasionally write to CS for his input and clarification tho never get anything outside what is already known.

CS has been very quiet recently, doing what he does best, allowing DS to do pr and man the phones...

This period is critical, volatile, and requires fortitude, patience and belief. Ramping up WK is exciting, and deal making at MT even more so.

If all goes to plan, this year or next, it'll be like winning ths lottery. We know ths numbers but need to have the tickets.

[book5] 16/7/2019 10:49

The only reasons I can think of why Eua is providing as less information as possible is to :
-not help to those competing for similar licenses, give little info to present or future subcontractors
and
-keep in house the knowhow how to deal with Sinosteel

DS seems a good chess player, is two steps ahead of all of us, he needs to survive in a brutal industry

But perhaps he is too paranoid??? Who I am to judge...he us the main shareholder, so I follow his lead

[book5] 16/7/2019 10:45

The Ni price Is above the price assumed in the broker’s valuation

[snowman100] 16/7/2019 10:19

'you have just very succinctly put into words precisely WHY the share price isn't going anywhere!'

IMO almost but not quite.......I think the answer to that one has to be 'because at the moment, the BOD doesn't want it to!' They must surely be aware of what will stimulate the market.

I think they might be holding some bits of good news back for a complete 'Good News Cluster Bomb Drop' from various directions all at once, that will stun the market at the same time that Platinum and Palladium will be screaming away.......IMO that will be just after 1st September, when the Russian Authorities are back on the job.....we will probably get the reserve uprating and new areas news at that time. Then there will be a forced substantial rerate.

[excellance] 16/7/2019 10:10

You could say that about any compamy, any organisation, or even government.

They tell you what they are legally bound to tell you, material developments, but not confidential stuff.

We just have to believe that in the end all will be well, that our assets are good, the team competent, market conditions are right, world events go in our favour.

Let the results prove the point.

[abrahe00] 16/7/2019 10:10

"... as events unfold."

That's the problem! Nothing is "unfolding". Just talk and more talk and more talk...