Eurasia Mining Share Discussion Threads

[pennstreet] 31/7/2019 19:44

Book - the cost for the extra washplants would be met by the contractor. That's the benefit of the arrangement

[book5] 31/7/2019 19:21

They may ask for a loan instead if by January the receive confirmation that 1 or 2 new washer plants will be Be installed
Do not give up yet

[russiaguru] 31/7/2019 17:57

Buy signal, Cc has started sounding negative, time for me to start building a new position.

5m target below 0.47

I expect a further 200m in options and equity this year as reward for stonking Wk performance.

An additional 500k will be needed for drilling at Wk and paper airplanes for mt.

Second wash plant would cost 700k new or 450k secondhand judging by Russian sites. Or vlad from down the road has a wooden shack he could dismantle to build a poor man's wash-plant for 20k, ab knows him.

[zhockey] 31/7/2019 17:53

Ex, placing to keep the lights on as per last year.

[book5] 31/7/2019 16:54

I trust CS
So all in good time

[book5] 31/7/2019 16:54

I trust CS
So all in good time
He would have his reasons
there could be dark forced he can’t control, and better no to show off

Someone said bad news must be reported, so no news means nothing bad is happening
He said 100 kg this season, so at lest I expect that

DS suggested next plant during next season, enough to avoid further dilution

I hope to add a few in Oct if the give me the chance

Enjoy the summer

[rhuvaal2] 31/7/2019 16:51

At the moment, to tell the market anything might well jeopardise negotiations. Be patient and enjoy the summer... but remember to look in here every day

[mostyn] 31/7/2019 16:48

CC,

At this rate, investors will be able to buy at this seemingly cheap price (and maybe even cheaper) for some time.

[charles clore] 31/7/2019 16:26

mostyn - true, the perception of Eurasia must be hazy from an external perspective right now. That makes it a stonkingly good buy imho.

[mostyn] 31/7/2019 16:17

PennStreet,

They should be perfectly capable of updating the market on WK production, as they must now have been going for about 2 months. If they needed to add caveats about grades and recoveries they should be quite capable of doing this as well. They should by now have established whether the grades and recoveries are likely to be representative of the season as a whole, so caveats might not be required. One can only assume that they choose not to do so, though with the share price languishing it's hard to see why not. One would think that they would want some of the 0.60p warrants to be exercised to help the cash position.

The lack of news that might reasonably be expected, and moreover within the company's control, doesn't help the perception of the company.

[pennstreet] 31/7/2019 16:01

Well at least the PGT prices are going from strength to strength! Where's that WK update ffs!!

[charles clore] 31/7/2019 14:23

We don't even know that the total cost of the mine will be as much as originally thought. So we could end up getting it built for less!

[excellance] 31/7/2019 13:46

Z,

You could be right, maybe?

What for tho?

Our equity contribution for MT , we are told, can come out of ths money we are paid for our pre work, and that work can be paid for from WK revenues, at least in part.

Any shortfall could mean either a placing to bridge any gap, or a slower pace of work to an affordable level.

We really don't want more dilution as every half penny share could be worth twenty times that in a year or two.

[pennstreet] 31/7/2019 13:41

I can't understand why anyone would want to sell at this stage?? 2m dropped by someone!!Did the Optiva lot get these at sub 0.4p ?

[book5] 31/7/2019 12:50

It depends on weather next year they can install 2 washer plants or not

If they can, then in my opinion no placement, or vice verse

[zhockey] 31/7/2019 12:39

Surely unless this seasons WK production is significantly higher, then a placing is unavoidable?

[mostyn] 31/7/2019 12:27

excellance,

"There's a reason for the information vacuum."

Yes. Either they don't have any information to give us (no progress) or they aren't ready to give us any (insufficient assessment of the likely grades/recoveries). If there was any interest from a predator it would either have leaked or been apparent in share trading patterns.

[book5] 31/7/2019 12:14

Exc
I agree with you
May be reason is that approvals are difficult to obtain, so we don’t want to upset the authorities

For instance Eua probably does want to give the impression they we are jumping into conclusions before the authorities permissions are given?

We need one permission or approval more in each of the mines, though easy to get no need to rock unnecessarily the boat??

[abrahe00] 31/7/2019 12:02

excellance31 Jul '19 - 11:37 - 23506 of 23506
0 0 0
There's a reason for the information vacuum.


Yes there is. Utter contempt for shareholders!

[excellance] 31/7/2019 11:37

There's a reason for the information vacuum.

[abrahe00] 31/7/2019 11:02

"What they really need is to be talking to a brand new set of investors with fresh perspectives and some cash to spend"

Isn't that why they brought on Optiva and produced that in-house broker report? Fat lot of good that did though...

I also don't buy this notion that the market is generally unaware of EUA and its potential. There are people in the City that are paid millions to be aware of these opportunities.

I think the root of our problem is p*ss poor communication by a bod that doesn't give two hoots about its shareholders.

[mostyn] 31/7/2019 11:01

On my chart Eurasia has just turned up very slightly but is still just a whisker away from being oversold. The share price is just about at the lowest point for 2019 which seems crazy, based on the fact we are in production at WK, and unless they have been sitting around doing nothing for the last few months we have mode some (though largely unquantifiable) progress at Monchetundra. The bollinger bands are at the tightest for the year which suggests a move could be coming. It will be interesting to see whether the chart actually means anything.

[charles clore] 31/7/2019 10:37

mostyn - you make your point well and I agree there is nothing to drive the price upward here because the company can't - or won't give the market the oxygen it needs. I am sure if they wanted to they could, so why won't they? We have been here for years and are mostly stale bulls, all spent out or disillusioned by lack of progress. What they really need is to be talking to a brand new set of investors with fresh perspectives and some cash to spend but for that they need an exciting story with a timeline. Now of course there is a timeline on the web site for Monchetundra but with the lack of corroborating news that has become blurred. It needs reviewing, modifying and restating to become meaningful again. But perhaps more importantly the company needs to update the market on progress to date at its income generating mine, West Kytlym. So come on CS, either tell us what's going on or tell us why you can't.

[mostyn] 31/7/2019 10:19

The problem for the share price here is lack of news, and therefore lack of interest and low volume. The market is looking for production/revenue generation news to remove any fear of dilution. Across a whole range of junior miners the market is not valuing stocks based on assets in the ground, but more on short term revenue generation potential, or short term exploration success.

Eurasia continues to be very short on specifics. Specific production at WK, and specific progress at Monchetundra would likely considerably increase interest provided the news was considered to be good. At present, apart from the generalities on twitter, and the occasional interview which s usually short on specifics, we are in a news vacuum. While this continues it's easier to see the price going nowhere. The long term prospects at WK and Monchetundra look exceptional but without regular specific news on progress, why should anyone be interested in a market driven by short term considerations/news.

[cool hand kev] 31/7/2019 10:07

Whoop, Whoop, share price flying