Eurasia Mining Share Discussion Threads

[charles clore] 18/7/2019 12:13

ab - ah yes I remember it. The Optiva placing was for MT AND WK development. But how do you know the term 'oversubscribed' was a fib?

[abrahe00] 18/7/2019 12:06

CC: As recently as last April... Snippet from the RNS...

=============================

Highlights:

- Eurasia has completed a GBP 500,000 placing with new investors to diversify Eurasia's shareholder base to include Optiva's investors.

- Although the placing was significantly oversubscribed, the Directors have limited its volume to GBP 500,000 to fit its purpose of ramping up its Monchetundra and West Kytlim developments, along with shareholder base diversification.

====================================

Well, we know that the "oversubscribed" bit was an overstatement, so I wonder what else the board have been fibbing about...

[excellance] 18/7/2019 12:03

No news is good news. Everything is confidential pending outcome of negotiation.

[charles clore] 18/7/2019 11:55

ab - you say they keep diluting us down to pay for work on MT. Can you remind me please, when was the last time this happened?

[abrahe00] 18/7/2019 11:48

driver10118 Jul '19 - 09:43 - 23087 of 23094
0 1 1
CC

I hope he does.

------------------------------------------

What sort of a person wishes ill on another!?

CC: You're wrong about MT not having any influence on the share price They keep diluting us down to pay for work on MT, when they should be drawing down from the Sinosteel pot.

[snowman100] 18/7/2019 11:22

Agreed Charles, but if the deadline is met, it means MT will also be in production quite shortly and we will be all guns blazing. I wouldn't like to see it being in the position of having to have the licence granted again all because it technically fell foul of a statutory requirement.

I've asked AB and emailed the company for clarification now. I guess it worries me a little because in a previous life I was case officer (in an entirely different field) for cases that had to be argued at public inquiry and in High Court and there were lengthy legal wranglings that depended on many statutory requirements being met on time and if one of those requirements weren't met..........the case was delayed for ages.

I hope my worry of having a long wait for Russian Authorities to sign it off (as in the granting of the licence last year) is groundless.....but I should have an answer to that within a day or two.

I have no doubts that the share price will be going northwards on next good news.

[mostyn] 18/7/2019 11:16

CC,

Can't focus much attention on WK as we have little specific information on how it is going.

We know that actual grades have been 3-4 time higher than reserve grades.
We know that allegedly things are going well (CS, DS)
We know they are trying to improve recoveries.
We know that they are awaiting new reserve approval.
We know they would like to add a second wash plant, but not when.
We know that any new drilling will be paid out of cash resources (DS podcast)

What we don't know is what this means in terms of specifics as there is no specific (production ozs) news. We don't know what their definition of going well may be. It might not coincide with ours. Would we be happy with the same production as last year? It's hard to focus when there is so little information to focus on.

[charles clore] 18/7/2019 11:05

Despite the preoccupation with the MT progress I must say I am completely relaxed about it for 2 main reasons: 1) there is nothing attributed in the share price for MT and if this is the case what does it matter if the company misses a deadline? 2) As I have said before, WK is a separate dynamically scaleable asset that is already producing cash for the company and is set to grow significantly once government approvals are given. So MT will give a fillip to the share price but only when it is progressed to a point where people can smell cash generation. Meanwhile, WK is making cash now and should therefore be the main focus of attention here imho.

[snowman100] 18/7/2019 10:51

RR .....it is precisely BECAUSE it is a statutory requirement to be within a year that I am a little concerned.

Also, it does state in the RNS that it must be submitted AND approved within a year..........yes later it says submitted but only one of those RNS statements is correct........could be either!.....I hope it is as you say.....but can you remember the extra wait we had last year for one of the licences when the time allotted had expired?......nightmare.

I just don't want to overlook something as simple as the tightening timescale, because it would hold up the whole MT project. If it is the case, as you say, that it is to be submitted only (and we can't be absolutely certain in the face of the ambiguity given in the RNS's), and we are on track with that....excellent and share price will soar like a birdy when submitted.

Not trying to give RG bullets to fire but to not bring the point up would be ludicrous.........if AB reading this, please clarify.

Meanwhile I am going to email the company.

One thing is certain.....sooner or later we are going to go through the roof.....hope it is sooner!!

GLA !!!

[book5] 18/7/2019 10:32

May be he is.....
But you have a point too

[driver101] 18/7/2019 10:17

Book
Russ, Tdt, oo, and Aid, are all the same person, cannot be a pro trader if he was he would not be here.

[book5] 18/7/2019 10:00

Russianguru
Are you professional trader?

[driver101] 18/7/2019 09:43

CC

I hope he does.

[charles clore] 18/7/2019 09:38

russ - selling everything is not a very clever move imho. I hope you don't get caught out.

[russiaguru] 18/7/2019 09:05

Redrook I don't need to sell as don't currently hold any, waiting for a bottoming formation

[book5] 18/7/2019 08:58

Report to comply with statuary requirement will be submitted before Nov.
Who says it will take one moth to get approved?
Still possible within 2019

[book5] 18/7/2019 08:56

Report to comply with statuary requirement will be submitted before Nov.
Who says it will take one moth to get approved?
Still possible within 2019

[red rook] 18/7/2019 08:32

russiaguru,
'... so we won't get a response from the Russian government until next year.'

It's a judgement call isn't it! If that's your judgement then you should be selling, and coming back next year.

[russiaguru] 18/7/2019 07:52

Snowman - Cs treats reports like teenagers and coursework deadlines, only start the evening before and turn up 30 seconds before deadline.

At least they haven't submitted it before the summer recess so we won't get a response from the Russian government until next year

[pennstreet] 18/7/2019 07:43

I know what you mean, Cudgie ;0)

[book5] 18/7/2019 06:50

Another $100 in pt would be marvellous...carry on pls

In the short term 906 is where I think it is going to....

[excellance] 18/7/2019 05:33

Don't want to get too carried away but pt could be 900+ by month end at this rate!

Nickel going great overnight.

Copper is still the laggard.

Hard commodities are on fire, precious metals breaking out across the board, I have a good feeling...

8)

[cudgietoo] 18/7/2019 00:36

My Maud keeps bleating on about an overdue pay rise that's still under negotiation.
I tell her "Don't worry, the longer it takes, the bigger the lump sum"

Little does she know the agonies I'm going through!

[red rook] 18/7/2019 00:23

snowman100,

You left out the sentence in the RNS -dated 26th March- which goes on to state ...''The Report is a statutory requirement AND IS ON TRACK to be completed and approved.''

As CKE have been a 'long standing working partner at the Monchetundra Project, who have managed drilling and exploration programs through the project's development..' they would already have a lot of the knowledge and the data required to prepare the Report.

The second quote in your post - RNS dated 15th May: is from the Annual Report and Accounts RNS - which is giving a highlight of the 2018&2019 period. In the 2019 Operational Summary Section they are again highlighting the CKE appointment. It does not detail the progress that is being made.

Further, I believe that the report needs only to be 'submitted' within one year of the issue of the mining permit ... the approval within that time frame is so that EUA can keep to their project timelines. In the same RNS - dated 15th May - it goes on to state ...'a statutory reporting requirement TO BE SUBMITTED within a year of the issue of the mining license.

[charles clore] 17/7/2019 23:54

snowy - just more cannon fodder for russ!