Eurasia Mining Share Discussion Threads

[book5] 16/9/2019 17:44

Euku
It seems that way, but We don’t know, that will depend among other things of the Pt price (going up nicely), and new reserves grade upgrade, richer pockets are not evenly distributed, but they will have a good idea (but not with certainty) of where they are ( or better they may be) and what to mine target next year to reach them and pay back the loan ASAP.

But it seems certain that if we go alone that will require a loan, and if we go for it it is bcs our geologists are convinced it will work. I have confidence in their judgement

[book5] 16/9/2019 17:39

Snowman
I am not sure We were told that the recovery rates were going to improve, we were told it is probably they do, but not for how much.
In fact we don’t know how efficient was last year installation. It may be that it was very efficient and that the new addition make not a significant difference.
Eua said they will be telling us what are the recovery improvements we get from the washer plant new addition . For that they said need to analyse how much recoverable PGM have been left in the ponds of last year and this year. They said if new process is much efficient, then last year pond will become a target in itself
I reckon, given today numbers that the current process , for the type of soil we have, is not much better than the last year one. It could be different if we have a different type of aggregate/ mineral sieve distribution, we don’t know.
With respect, you may have misread what actually CS said/wrote.
But the market liked today rns, let’s hope we carry on to 5p tax free dividend.

[aidenabettin] 16/9/2019 17:05

Well i dont think CS will be renewing his Russia visa

[ekuuleus] 16/9/2019 17:01

I would have thought that the low production would have put a very large spanner in the upgrade plan.

[excellance] 16/9/2019 16:59

Today's news has very little to do with this seasons production.

I'm confused by the DS donation, hope Eurasia don't get involved with south Africa, but happy overall with the general message.

The market seems to like it too.

[upthepool] 16/9/2019 16:56

My take on this is that EUA put up the "For Sale" sign with todays RNS.

Sacking off the contractors at WK = Look, you get 100% of the revenues if you buy this.

MT is obviously huge and EUA is saying that everything is in place to bring it to production.

And, imo, Lesego is nothing but a "stalking horse" the aim of EUA being to concentrate the minds of the big boys as they ponder their next move.

55kg doesn't sound great on the surface, but in the future scheme of things isn't really relevant. The reserves are known by the big boys, how much "little" EUA got out of the ground in the last 12 months will matter not one jot to them.

And of course, todays RNS also highlighted EUA appointing a person who knows what he is doing when it comes to M&A.

I, of course, could be miles out
Price action today is encouraging though, no massive spike early doors followed by the inevitable drip feed down in the afternoon - just a steadt raise all day followed by a bit of action into the close.

'pool

[cyberbub] 16/9/2019 16:54

PS also don't forget that if Pt volume produced is 30% lower than expected, the Pt price has been 20-25% higher than last year, so the overall effect on EUA's revenue projection should be modest.

[cyberbub] 16/9/2019 16:48

The season's not over snowman, I would hope for 70kg+ before shutting up shop? Still not as much as we had hoped, to be fair.

[aidenabettin] 16/9/2019 16:48

Looks like TSI made the right choice :). hTTps://amp.washingtontimes.com/news/2019/sep/12/us-should-worry-as-russia-china-ties-heat-up/

[excellance] 16/9/2019 16:46

Anyone got some vagisil?

[snowman100] 16/9/2019 16:45

It looks like they have averaged about 480 g/day at WK.........and it looked like the trucks were operating in a slick continual cycle.........the grades must have been abysmal.....I was expecting a huge increase on last year.

[aidenabettin] 16/9/2019 16:40

On the eastern tip of the bushveld and probably easy access to Durban

[aidenabettin] 16/9/2019 16:37

A good bit north of joburg and you can bet IGS have been all over it

[aidenabettin] 16/9/2019 16:34

Get a feeling that money is going to go to South Africa

[sclper] 16/9/2019 16:31

Looking forward to receiving the first payment of $26.5m from Sinosteel :-))

[rhuvaal2] 16/9/2019 16:31

Very soon now, methinks it'll be time to polish up the filter button: too much to dredge through... I read the top six posters and feel well-informed. Thanks guys

[buzzarn] 16/9/2019 16:23

Up 11.7. Nice

[aidenabettin] 16/9/2019 16:23

They will have to change their name to suit their new enviroment. Just cant see the focus being Eurasia anymore.On to South Africa by the looks of it

[edgein] 16/9/2019 16:17

Aidena,

Why do I leave the TSI bb untouched? Well because I don't hold there and don't post there as I'm not a nutter. Why would I post on a teeny company that doesn't hold any assets that I would invest in. I only invest in oil and gas and miners with multi-bag upside. TSI doesn't fill that criteria. You do serve a purpose here though as you post more than twice the amount of holders and that will draw in attention to such an active bb, especially after news like today's. Folks can then research EUA its massive assets and its M&A potential and the fact they're on the verge of a large windfall from Sinosteel which will set them up very nicely for 100% crack at WK next season. Hopefully with two wash plants after the authorities look at the new reserves. Kluchiki already had around 300kg. I feel after today's announcement though that M&A could emerge sooner or later, so EUA is now probably a limited time offer.

Regards,
Ed.

[dubjon] 16/9/2019 15:55

the market seems to like it....

[aidenabettin] 16/9/2019 15:47

Why do you leave TSI untouched on the bb?.Anything to do with Israel?

[edgein] 16/9/2019 15:42

Aidena,

You sure did, you said 3 into one and KOD would hardly get anything, similar nonsense as you post here. Now poor old TSI gives their lith assets away for a few thousand shares and your conspiracy dies along with it. Yes poor old KOD not looking too healthy, I guess their cash balance may be as precarious as that of TSI. I notice the TSI bb is now as dead as their share price. No wonder you're on here as much as you are. At least you can watch a successful company if nothing else. :)

Regards,
Ed.

[aidenabettin] 16/9/2019 15:39

Next swap?.CS?