Eurasia Mining Share Discussion Threads

[charles clore] 14/8/2019 16:27

So plenty going on at MT and the 16%-odd share of project finance is sorted with the $50m sub-contract from Sino but nothing out of the ordinary to report at WK. Progress is just satisfactory as they are still awaiting the approval to increase production so I guess output is similar to that of last year. However, CS did let slip that the Aussie company Intec might be interested in buying into 'the project'. Nice one CS.

[charles clore] 14/8/2019 16:13

snowy - it's

[driver101] 14/8/2019 16:11

Talking of interest anyone worked out the repayments on the $150m loan., $149.5m is a 10 year loan facility at 6mLIBOR + 3.5%).

Say 6mLIBOR at 2% + 3.5% I worked that at about $16m pa pay back, out of our 80% profit after split 35% to 40% = $53m pa to $62m Average $57m

That leaves $40m clear a $10m pa divvy wouldn't be out of the question. .0031p on 2750m shares

Any thoughts (am I close )

[snowman100] 14/8/2019 16:01

Also nice article on Mining Maven

[snowman100] 14/8/2019 15:58

Its on Proactive....wont let me copy address.

[...]

[snowman100] 14/8/2019 15:56

CS MONCHETUNDRA PODCAST

[...]

[excellance] 14/8/2019 15:32

CC

I've got physical gold and silver

Silver is ridiculously cheap relative to gold, 90 times instead of 20 so yes by historical standards silver is silly cheap. I have been concentrating on silver over the last 18 months, but I'm not convinced we'll ever see the 20:1 ratio ever again.

[excellance] 14/8/2019 15:13

The problem we at Eurasia face is that of interest rates. With interest rates expected to go lower, even "deeply negative" corporations will be very keen to indulge in mergers and acquisitions in order to get rid of their confetti fiat currencies, and personally I don't want that any time soon.

Of course a large cash windfall would just be reinvested in similar companies, and there are a few, but regardless it's out of our hands on this thread, we are just observers in the grand scheme of things, with maybe 10 or 15% of the votes.

[charles clore] 14/8/2019 15:08

ex - whilst I agree that Pt is undervalued at the moment, imho silver is BY FAR the most undervalued commodity (as I believe we are about to discover). Get out of non mining stocks and cash by all means but tuck a little bit of gold and silver under the mattress.

[driver101] 14/8/2019 15:05

One more buy should see it tick back up.

[excellance] 14/8/2019 15:03

Milste

Last time you said "look forward to further updates" it took two months.

Two months is perfectly plausible, but not particularly desirable.

Nearest future then.

[excellance] 14/8/2019 14:57

Yeah, I'm not sure I fully agree with the strength of that statement.

Yes, demand is up, but there is plenty of pt availability currently, but a point will be reached where that availability is gone, and then pt price will rise rapidly.

Buy pt now, it makes perfect sense. If you're a gold bug like me you should have bought your gold five years ago. Pt currently offers better value for a five year plan.

Likewise Eurasia Mining offers better value now than ever, because it's cheap and very near to end game in a rising market. It's a no brained.

Get out of cash positions, most equities and government bonds is my opinion...there is a race to the bottom as all fiat currency tries to devalue, so tangible assets are a screaming buy using that fiat confetti while it still has some value.

[mostyn] 14/8/2019 13:41

Eurasia on twitter:

Eurasia Mining
@eurasiamining
·
24m
#EUA #Platinum
𝙋𝙡𝙖𝙩0414;𝙣Ҵ26;𝙢 𝘿𝙚𝙢𝙖0419;𝙙
◽️
Platinum's Tide Is Turning
◽️
Platinum continues to see unprecedented investor demand.
◽️
Magnitude and speed of the buying indicate this is institutions taking big positions in the market
(link: hxxps://buff.ly/2GD7JjK) buff.ly/2GD7JjK


In spite of the above, the price hasn't really advanced that much and platinum is still at a huge discount to gold.

[pennstreet] 14/8/2019 07:54

"Buy all" by The Flanks. Tweet by AB ;0)

[cudgietoo] 13/8/2019 23:48

Good to know things are on track at MT

The news went down like the "thud" you hear at a fireworks display
.. The shell then silently gains height before the "BANG" and full spectacle

If the firing sequence is right, and WK and STP updates excite the market, it could be a display well worth watching as it builds to a crescendo

Philosophical interlude over - Onwards and upwards! .. Surely?!

[cyberbub] 13/8/2019 22:20

I've consistently said that EUA in any rational market should be at 2p today (and potentially 5p in a takeover scenario). My view hasn't changed so I still hold!GLA NAI

[willmac4671] 13/8/2019 21:31

I wonder what deal sinosteel get on the nickel?



GLA

[excellance] 13/8/2019 21:21

Got mine.

It'll be up up and away over coming days, weeks and months.

[willmac4671] 13/8/2019 20:50

It's also our window for building our holdings further which has time added to it.

Basically, a lot of work has now been done, get them while you can chaps!!

GLA

[excellance] 13/8/2019 20:17

Thechinaman1,

I totally agree.

The twist is this...

DPD ready, but not submitted,

Flanks applications ready, but not submitted,

EPCF in place but not drawn on until our work is submitted...

The intec thing is news I suppose but not really relevant.

Seems to me CS is waving a banner saying "last chance folks if you want to buy us, or hello sinosteel"

[thechinaman1] 13/8/2019 19:46

Spot on, Cyber. Some had seen/created a big issue re the $50m, scaremongering for ages about a lack of clarity. I’m sure folk did not miss the pointed reference today to the 2016 RNS in stating that eua would be paid for the works and this would constitute the contribution to the capex ie no need for eua to raise cash. Lots of news provided in my view but looks like some who aren’t happy with the level of detail want to be project managers. Not the function of an RNS IMHO. Stay or go - your choice. I’m sticking cos I think there could be a twist at some point and my bet is still on a sale before Xmas.
Patience the watchword. GL(nearly)A
TC

[cyberbub] 13/8/2019 18:29

I agree that the wording and standard of English in today's RNS is a bit confusing. I don't really understand why.But trying my best to interpret it,, I believe it's great news - because I believe that it confirms that there is *no* funding required from TGK towards getting MT into production.I read it as confirming what we hoped: that SS will give TGK $50M for the early engineering design and works, and TGK will give back to SS $26.5M as its 15% capital contribution to project development.Assuming that the engineering design works don't cost more than $23.5M, then surely it means that TGK (and therefore EUA) won't be needing any further placing?

[russiaguru] 13/8/2019 18:18

Cc - sounding like me :)

Although not the contrarian signal I expected.