Eurasia Mining Share Discussion Threads

[book5] 16/9/2019 08:22

Directors are bringing a well known expert to sell Eua
And the expert have accepted shares!!!

Thus is very encouraging
Common eua we need 100% increase today

[stuart143] 16/9/2019 08:18

Abrahe00 it doesn't say grades aren't higher just what they have produced to date.

FWIW if they are mentioning buying equipment and no dilution (maybe) then it could be the production to date does contain higher grade material however a simple line in the news could have covered that point.

Bottom line sharks are circling

[book5] 16/9/2019 08:14

Big spread
At WK
To me glass half empty, It seems wk contractor can’t make a decent profit and sold plant to Eua
Let’s hope Pt keeps recovering and makes WK more desirable
next reserve update should be better than last one

Our quest for richness is viable , however now it relies much more in MT than WK

[abrahe00] 16/9/2019 08:13

The fact that they decided to release production news under the guise of a "director appointment" RNS says it all really.

[mostyn] 16/9/2019 08:03

When the company are shy about giving production figures the result is always worse than expected. 55kg is not great!

On all other fronts the RNS seems very positive although it does contain many elements of jam, and potential jam, tomorrow. The potential connection to Lesego Platinum looks interesting. Hopefully no cheap JV or sale.

[abrahe00] 16/9/2019 08:02

And there you have it... Bad news buried deep in the bowls of a pointlessly long RNS.

"2019 production summary to date

The above mentioned development programme, as well as the automation and a number of upgrades to the flowsheet at West Kytlim aimed at improving metal recovery, has impacted initial 2019 production volumes. Production commenced in mid-May and production volumes, to date, are standing at a total of c.55kg (c. 1,770 oz) raw platinum."


P*ss poor... So much for their claim of being the #1 alluvial platinum producer in the world. With just a month to go, they won't hit their 100kg target. So, more lies about ore samples 3 to 4 times higher than previously.

Still no clue as to when we'll get money from Sinosteel.

Everything else in the RNS is just more waffle about jam tomorrow.

[russiaguru] 16/9/2019 08:02

Possible takeover, makes some sense as us strengthing the bod

Wk without contractor is great

[book5] 16/9/2019 07:59

I am even more bullish

[edgein] 16/9/2019 07:56

Interesting stuff in there fellas, the production is coming in a bit less than expected but they've been doing upgrades and still been able to afford the new kit that this new chap has obtained. He's worked with a lot of interesting companies, NorNickel, Russian Platinum, Boliden, Polyus, Glencore etc all very interesting. So we're taking on WK fully next season that's when we'll see the biggest gains to production imo. That's if these South African fellas don't make a bid in the mean time, they'll see the potential here too, its there for all to see at MT. Whether they make a move is speculative at this point, but MT is huge and decent grade. The new guy gets a small part of DS holding here as incentive to continue to deliver on these projects. It feels like we're heading towards the end game here at EUA.

Projects being taken to production and then the whole lot sold off? Interesting times as MT isn't priced in here.

Regards,
Ed.

[thechinaman1] 16/9/2019 07:51

This is one of the best RNS updates we have had literally in years:
• West Kytlim profit will be 100% EUA’s from 2020 - that’s huge news when combined with improved platinum price, increased production and increased resource
• Monchetundra resourcing confirmed as per EPC contract (and despite all the tripe spouted by the likes of TDT to try scaring people off) so that EUA gets a slug of money = to twice our current mcap as our contribution to the contract commitment. Was always there and now confirmed
• Possible t/o but more likely buy in to EUA’s projects (at least my preference) which will bring in more money to shareholders - just need to make sure enough is paid to join the party! £200m should do for a 40% interest.
• And all of this without any further share dilution!!!!

Things really are looking good.

Best of luck.
TC

[sclper] 16/9/2019 07:46

I wonder if we'll get an interview this week about the potential JV/acquisition?

[book5] 16/9/2019 07:45

55kg
Don’t get fooled
Reason is the grades, no 3 or4 times bigger than anticipated , DS loosing face? Is he gone?

As per the rest of rns it seems ok , let’s hope new director does not sell

Mainly for his assistance with Lesego Platinum and to ensure Mr. Churakov's motivation without further dilution of Eurasia shareholders, Mr. Dmitry Suschov has transferred 25.472% of the share capital of DELOAN INVESTMENTS LIMITED ("Deloan") (a company beneficially owned and controlled by Mr. Dmitry Suschov) to VENUS GARDEN HOLDINGS LIMITED a company beneficially owned and controlled by Mr. Churakov for a nominal consideration with effect from today. Deloan holds a substantial shareholding in Eurasia.

It could be a good day

[sclper] 16/9/2019 07:43

At higher platinum prices we're best to mine without a contractor at WK

[stuart143] 16/9/2019 07:41

Sorry New Announcements

Does seem an ok rns however the market will be more interested in the 55kg or 1700 ozs raw platinum.

So we still wait unfortunately.

[dubjon] 16/9/2019 07:40

thanks stuart

[stuart143] 16/9/2019 07:37

On EUA website mate under news

[dubjon] 16/9/2019 07:36

Can't see any rns- would someone please post full details please.

[stuart143] 16/9/2019 07:35

That appears to be why he's in in my opinion just when

[sclper] 16/9/2019 07:34

I hope we don't get taken over at this stage 😮

[fillupmaz] 16/9/2019 07:26

This part is very encouraging as he will be clearly looking to use his experience and c contact to sell.

"He has been involved in multiple mining cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A to the Company, as well as his top level contacts with major international and Russian mining and trading companies operating in the platinum group metals, gold and base metals sectors including Lesego Platinum, Boliden Group, Gold Fields, Glencore International, Sumitomo Corporation, Norilsk Nickel, Polyus Gold, Polymetal International, Ural Mining and Metallurgical Company, Russian Platinum and many others".

[willmac4671] 16/9/2019 07:17

It's a very positive RNS in my eyes - i also really like this part: acquiring a washplant to commence and continue mining on a 100% of revenue basis is a significant development for the Company.

GLA

[willmac4671] 16/9/2019 07:08

Now Alexei Churakov is part of our board!!!

"Eurasia Mining PLC, the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that it has appointed Mr. Alexei Churakov as a Strategic Advisor to the board of the Company (the "Board")."

GLA

[charles clore] 15/9/2019 18:44

I wonder what Alexei is doing in Northern Turkey (apart from taking a golden shower from a tortoise).