Eurasia Mining Share Discussion Threads

[zhockey] 13/8/2019 09:18

Snowman 7 fold?

I think the RNS said "several".

[milste1] 13/8/2019 09:07

Meanwhile progress continues...

Look forward to further updates ((-:

[excellance] 13/8/2019 09:07

Abe,

How do you know we won't get three rns's today, or over the coming week?

Today's rns was all about MT. Not a single word about WK or STP, yet we all know that both of those projects are creating value every day for us.

Look at gold today. £1265 per Oz, a new record high in GBP as the GBP falls lower and lower.

Some say Russia is a bad investment and cite wildfires in siberia. Well, in brexit Britain the heat is rising as the pound falls, inflation is beginning to rise rapidly as factory orders fall.

If you think Russia is a bad place to invest you obviously didn't notice Epstein dying in mysterious circumstances in prison thru those rose tinted glasses. How about the yellow vest protests in Paris? How many weeks? 42 is it? Not a word on the state funded BBC propaganda machine.

You think Russia is corrupt?
Take a very close look at yourself, your employer, your MP, your bank, the press, your government.

I'm happy to take the risk with CS in Russia at least until London stops burning.

[mostyn] 13/8/2019 08:54

I thought the RNS was reassuring in that progress is being made, but doesn't really put things in the context of where we are in the overall time line to production. In a sense there is little in there that I would class as price sensitive. It's price sensitive in that there are things that, before the RNS, we haven't specifically been told have been done, but we did know they were in progress from prior announcements. I would be surprised if this did much for the share price.

The market in junior miners is currently only positively affected by two things and one of them is not the value of underlying assets, or longer term projects. Exploration success is moving prices but even this can be transitory. Revenue and the expectation of profit (allied to the elimination of dilution) is probably the key driver. The company seem somewhat shy about giving us any production/revenue information and this is why the price isn't going anywhere.

[snowman100] 13/8/2019 08:51

7 fold increase in reserves is 14 Million Oz of Palladium.

That"s in the region of 20 Billion US dollars!!

That takes us to the realms of major miner!!!

Come to daddy!!!

[abrahe00] 13/8/2019 08:47

"and now WK is delivering revenue to be spent over then next six months."

Not if it's making a loss...

They should've provided a production update on WK with today's RNS. Why haven't they? That would've assured investors re funding until Sinosteel payday.

[excellance] 13/8/2019 08:35

I think CS is being prudent. He raised half a million a few months ago to fund work on two projects up til now, and now WK is delivering revenue to be spent over then next six months.

We are funded.

[sclper] 13/8/2019 08:31

I think we also have an undrawn loan facility from Director Suschov if Eurasia require any funds before the first Sinosteel payment

[excellance] 13/8/2019 08:24

Yes, work costs money and takes time, correct.

I think we are all in agreement then.

WK is bringing us the cash to supplement costs, so WK revenue may be operating profit for that mine but gets spent on MT development to unlock the EPCF finance arrangement.

How much cash is WK producing is a separate question. Is it enough is unknown, maybe, maybe not, the company decides where and what to spend our cash on for best returns, all companies do that, it's called management, and it's normal.

More news to come...WK update, STP, and then we'll all have a better overall picture.

[pennstreet] 13/8/2019 08:22

What a reaction? Time to add then

[willmac4671] 13/8/2019 08:17

They can get funding from the russian government for a project like MT.

Well that is my belief anyway.

GLA

[abrahe00] 13/8/2019 08:16

Exactly zhockey. It says nothing about how much is completed and what is left to do. It just says "progressing" and we'll get paid when it's complete!

Another poor RNS from a poor CEO.

Agreed... more funding will be needed and fairly soon if they are to meet the 12 month deadline for completing the work.

P*ss poor management.

[zhockey] 13/8/2019 08:11

What this RNS says to me is that they need to do a lot of feasibility work to unlock the EPC. That's gonna cost and funding either needs to come from WK or a placing.

[excellance] 13/8/2019 08:11

This progress report is reporting that progress is being made, that work has been done, and more work is to be done, and it details exactly that.

A six month wait?

Err...it takes time to do the work do obviously we have to wait.

Nothing really in this?
Err...are you stupid?

We have half a dozen contractual responsibilities that when completed will lead to initiation of payments as set out in the EPCF. We are progressing thru ths list, making progress.

I'm happy with today's rns, MT is coming to us, 6 to 12 months til completion but it's on its way.

Now, STP...

[aidenabettin] 13/8/2019 08:11

A 1/2 of Siberia on fire for months with 2 nuclear accidents in a submarine and a new ballistic missile(putins toy)and riots in Moscow.Lets invest in Russia :(.

[driver101] 13/8/2019 08:03

You wait for a bus and three come along together, let, aid and z. lol !!

[willmac4671] 13/8/2019 08:00

EPC signed, flank areas application ready AND the detailed project design report is ready, yet you say there's nothing in the RNS letmepass lol

GLA

[excellance] 13/8/2019 07:59

MT is taking shape, required prep work is systematically progressing as per EPCF responsibilities that will initiate payments from Sinosteel to conclude the contract and allow mining to commence.

Flanks application(s) to increase reserves several fold will follow when they are ready.

Intek contract signed to enhance metallurgical processes.

Trial mining being planned, significantly increased activity on site over the next 6 to 12 months.

So yes, work is progressing, abd as I said yesterday this time next year we should have 3 projects in development, the third one being STP which I discussed with CS yesterday, and an announcement should follow soon as a queue appears to be forming of potential partners motivated by the high pog and high IRR of that project.

[zhockey] 13/8/2019 07:59

The big unanswered questions: What do they have to deliver to unlock the funds and how much is it going to cost?

[letmepass] 13/8/2019 07:57

I do hope it comes good for the longterm holders at some stage.

[aidenabettin] 13/8/2019 07:56

Ex could easily have shared his insider info last night.Absolutely nothing even remotely price sensitive .BUYER BEWARE!!!!!.EUA: How to say nothing in as many words as possible. In a league of their own

[letmepass] 13/8/2019 07:54

Nothing really in the RNS. 6 month wait

[driver101] 13/8/2019 07:47

Great update progressing nice and steady, especially like this bit.

-- Flanks area application finalised and approved by Eurasia's board for submission to Rosnedra. Eurasia's TGK as the production license holder has exclusive rights for the flanks that are expected to increase the resources severalfold

Should see a steady share price rise from here on as little EUA is knocking on the door of the big boys club.

[willmac4671] 13/8/2019 07:41

Glad i added last week.

My favourite parts -
· Flanks area application finalised and approved by Eurasia's board for submission to Rosnedra. Eurasia's TGK as the production license holder has exclusive rights for the flanks that are expected to increase the resources severalfold

· The Detailed Project Design Report (including open pit design, detailed land survey of the two open pit sites, etc.), the preparation of which was contracted to Central Kola Expedition (CKE) is now ready.

GLA

[sclper] 13/8/2019 07:27

Great update. I'm very glad I managed to buy more shares recently whilst the share price was so low. I'm very optimistic about the coming weeks and months. It's just a matter of time before we get a massive re-rate here.