Share Name Share Symbol Market Type Share ISIN Share Description
Eurasia Mining Plc LSE:EUA London Ordinary Share GB0003230421 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05 -1.87% 2.625 22,622,330 16:27:58
Bid Price Offer Price High Price Low Price Open Price
2.60 2.65 2.725 2.50 2.675
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.57 -3.24 -0.12 71
Last Trade Time Trade Type Trade Size Trade Price Currency
17:14:36 O 569,215 2.64 GBX

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Date Time Title Posts
12/12/201919:36Eurasia Mining - Platinum and Palladium Producer in Russia38,422
11/12/201909:57Questions for eua32
06/12/201923:55Russia And Other Emerging Markets7
05/12/201921:59EUA TO 0.01P BEWARE OF THE CON77

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Eurasia Mining Daily Update: Eurasia Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker EUA. The last closing price for Eurasia Mining was 2.68p.
Eurasia Mining Plc has a 4 week average price of 2.13p and a 12 week average price of 0.44p.
The 1 year high share price is 4.23p while the 1 year low share price is currently 0.41p.
There are currently 2,693,756,753 shares in issue and the average daily traded volume is 30,109,527 shares. The market capitalisation of Eurasia Mining Plc is £70,711,114.77.
excellance: So, applying this new pm market performance towards eua price discovery and we can see that the current share price is absolute bullocks. Despite some of us losing our breath after the 800% rise the share price is still nowhere near a real tangible value if this were to be bought out. I have often said 12p and more recently raised that estimate to 15p but I think that would be a steal, so I hope DS decides to reject any deal under 20p! It could be that a part sale which allows mining experts to inject their resources into a fast track development of WK and MT may be better for us but we'll have to take guidance from our directors on that. 2020 will give us perfect visibility!
charles clore: I agree it could take a while before we know the final figure but I bet we will know whether a buyer is on the hook sometime soon. That will affect the share price positively. user200723 Nov '19 - 22:07 - 36246 of 36252 CC - (1) those who plan to topslice just want to protect their investment by a partial selling and letting free shares to have a ride... (2) I am sure we all have been in a situation kicking ourselves for not taking a paper profit. (3) I can even imagine a scenario where topslicing could be a winner. For example if no deal is agreed and the share price drops. Then people having cash from the top slicing could buy more shares cheaper. (4) We havent reached that stage yet but when the share price is closer to 6-7p more people will do it. (1) and miss out on the majority of the price increase. Seen it happen here already. (2) I am sure we all have been in a situation kicking ourselves for selling too early. (3) or selling just before an announcement and losing out big time. (4) I don't think so and I know quite a lot of 5m+ holders who won't be selling at all.
davidspringbank: Warrants dilute the share price, a company sells them to raise cash. EUA also wants to get rid of the weak hands who dive in and out of shares like a yoyo. It naturally doesn't want a spiky share price. It wants a calm and serene share price where investors have done their research and know exactly what they have bought into.
gibbs1: PROACTIVEINVESTOR Eurasia Mining PLC The palladium price went on a tear in October, but who stands to gain and will the price strength continue? Palladium is now the most expensive of all the precious metals Eurasia Mining PLC - Palladium is a bright spot in an otherwise mixed commodity price picture The apparently inexorable rise in the palladium price came to a halt in the second week of November, after peaking at a record 1,804 per ounce on 28 October. Since then, the metal has given up more than US$100 per ounce, although analysts are divided as to where it will go next. Most chartists seem to see a bullish trend developing, whereas those looking at market fundamentals continue to remain bullish. And certainly, the case for a renewed upward push remains very strong, given the supply constraints surrounding the metal and ongoing high demand. As the most expensive of all the precious metals, palladium occupies a unique niche. Although it can be mined as a primary metal, it comes more frequently as a by-product of Platinum mining, and supply is thus to a significant extent dependent on platinum output. And, with platinum prices at a ten year low, the supply of palladium as a by-product has consequently been constrained, to the point where the metal has been in deficit since 2012. This supply constraint has been matched by increased demand from automobile manufacturers, since palladium is a key component in the catalytic converters used by gasoline engines to clear emissions of their most toxic elements. Platinum is widely used in catalytic converters for diesel cars, but since the European emissions scandals in the earlier part of this decade, sales of diesel cars, and consequently demand for platinum, have slowed. Despite hopes that electric cars will come to the fore, thus far the slack has been taken up almost entirely by gasoline-powered engines, where the use of palladium is preferred over platinum. What’s more, emissions regulations are becoming more robust, especially in jurisdictions like China, which means the catalytic converters in turn have to be that much more efficient. It all adds up to increased demand for palladium. And, while there is some talk of substitution, there’s no real sign of that happening yet. Johnson Matthey, a key player in the technological deployment of platinum group metals, said recently that further technological advances would be needed before platinum could be used to swap out the pricier palladium component of catalytic converters. From the perspective of the car manufacturers the increased price is an irritant. However, the amount of palladium used in each catalytic converter is relatively small, so to some extent they are able to absorb the cost. And that dynamic also implies that substitution is some way away. In the meantime though, those with palladium assets are making hay. Palladium One Mining (CVE: PDM) revealed this week that it’s raising up to C$3.2mln, primarily for exploration on its palladium-dominant LK project in central Finland. That’s a small sum in itself, but it’s interesting to see who the cornerstone investor is: none other than Eric Sprott, perhaps the biggest name in the Canadian mining investment scene. Not to be outdone, Robert Friedland, probably the most famous mining promoter in the entire industry, recently revealed the positive impact stronger palladium prices were having on the valuation of the Platreef PGM project controlled by his company Ivanhoe. Elsewhere, early in October South Africa’s Impala Platinum Holdings Ltd, otherwise known as Implats (JSE:IMP) announced the acquisition of one of the few major palladium companies based outside of South Africa or Russia, North American Palladium Ltd. The deal was priced atC$758mln. And junior miner Eurasia Mining (LON:EUA), which has a palladium asset in Russia as well as cash-producing platinum operation, has been the subject of frenzied buying in recent weeks, as the share price has soared from just under 0.5p to a current price of 2.75p. That’s been good for the company, since every single warrant holder under the sun has exercised, bringing in much-needed cash at a time of wider dearth in the mining industry, and prompting Eurasia publicly to state that no fund-raisings are anticipated in the foreseeable future. The speculation is that a major buyer is circling the palladium asset. But we will just have to wait and see.
waldron: old foolish news for what its worth take from it what you will $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Can the Eurasia Mining (EUA) share price double your money? Rupert Hargreaves | Wednesday, 6th November, 2019 | More on: EUA Coworkers standing near a wall Image source: Getty Images CORRECTION: This article originally stated that Eurasia discovered bonanza grade ore pockets in October this year, whereas the discovery was in fact made in October 2018. The Eurasia Mining (LSE: EUA) share price has surged recently, jumping from around 0.5p at the end of October, to 2.9p at the time of writing. Investors have rushed to buy the stock following the publication of a trading update issued on October 25, in which management informed investors the company is “not planning any new share placings in the foreseeable future” because the firm now has enough resources to push ahead with mining at its West Kytlim prospect next year. Plenty of cash Eurasia has been able to raise additional funds through the sale of metal from the operating West Kytlim mine. According to its update, the latest payment will include “a final payment for other metals, namely palladium, iridium, rhodium and gold.” It seems management believes this final payment will unlock enough cash to keep the lights on without further shareholder support for some time. The company is now preparing for a “significant increase in production” at the West Kytlim mine in 2020. Cash generated from metal sales will be used to upgrade mining equipment, which, as management is keen to point out, is now “wholly owned.” Eurasia is no longer using a subcontractor to do its dirty work, which could cost more in the long run, but allows the firm to operate with larger profit margins. No dilution The fact the company has enough cash in the bank to continue development without further fundraising is great news for investors. Since May 2017, the number of shares in issue has ballooned (from 1.5bn to around 2.6bn today) as Eurasia has leaned heavily on shareholders to keep going. An even more significant development is the engagement by the company of investment banks CITIC and VTB Capital to explore the sale of its two primary assets, the Kola and Urals mining projects (that includes the West Kytlim mine). If a buyer is found for these assets, it could then unlock significant value for Eurasia and its shareholders. But at the time of writing, no deal has been agreed in there’s no guarantee any offer will materialise. It is also quite challenging to place a value on these assets because they’ll be worth more to big mining groups rather than smaller operators. On that basis, I don’t think it’s sensible to invest in Eurasia based on the prospect of a deal alone. Instead, I think it’s better to concentrate on the company’s long-term earnings potential from its West Kytlim mine. Unfortunately, we don’t have much to go on in the way of figures here. West Kytlim has been operational since May but, in the six months to the end of June, the firm reported a gross loss of £3,000 on sales of £13,316. That suggests the mine is currently costing more to run than it’s earning from sales. Still, as West Kytlim ramps up next year, we should get a better idea of its potential. Although, in the meantime, it’s going to be challenging to try and place a value on Eurasia’s shares.
katsy: One thing that doesn't make sense so hopefully some of the long termers here can help explain. I get how difficult it is to get a mine up and running, (Especially in the frozen waste lands of Arctic Russia). You do the geology, your drill cores, establish some resource that you can sell to investors then secure money. Building the mining infrastructure, the mill, the grinding circuits, etc.. the testing. the diggers. Probably dealing local officials (Russian mafia). Start mining, get to profitability. All huge tasks that EUA have accomplished. However in all those years getting from point A to where they are now, the share price did diddly squat. With the share price at circa .5p suddenly overnight with one RNS the assets are now worth anything between 10p-£1,50 depending which bulls you believe. How did such a huge disconnect happen? The banks being involved are real, I know that? But surely with all that effort to get the mine up and running up to profitability the share price would have moved, no?
charles clore: It is just over 2 weeks since we first learned that the company is in talks with potential suitors for a slice of EUA or perhaps even the whole pie. Since the 24th the share price has touched 4p briefly and retraced to find support at 2p before moving back to 3.5p and finally today testing support at 2.9p. So the share price has seen a rollercoaster of a ride and it has spooked many of us who I thought were made of stronger stuff. But equally, many have stuck with it. There is no going back to those long days when the price hovered around 4.5p. Because of Alexei Churakov, Dmitri Suchov and the big Russian and Chinese banks that have offered to broker a deal on a commission only basis the world has woken up to EUA and knows what assets we have. For the company to allow the 2 banks to arrange 'talks' signals to me that an outcome is likely, as the banks would not spend time, money and resources on something they didn't think had at least an 80% chance of succeeding. Furthermore, the company itself would not agree to it unless they were prepared to sell the whole company imho and we have not heard anyone saying no, it will only be Monchetundra, have we? And so we enter our third week of rollercoasting and the shorters are out in force again thinking they can scare long term holders into parting with the stock they have held for years through thick and thin. Who do they think they are kidding? The journey has only just begun
davidspringbank: I'm not on here every day and I only discovered accidentally that EUA had risen to 2.5p on Thursday when I logged on to my new broker around 4pm. I thought it was a mistake when I saw EUA at 2.5p because it had been trading below 0.5p for ages so I came on here first and then checked it out on the company website. I remembered a while back that EUE had earlier temporarily shot up above 1p and then had slowly came back down to below 0.5p and the BB was full of shorters. One guy said he scoured ADVFN every day looking for small outfits where the share price had spiked on good news just to short them to make money. By then I had accumulated 9,447,348 shares in EUA at a book cost of £45,819.14. Yesterday, I sold a total of 5,000,000 to cover my costs and to also take some profit, leaving a total of 4,447,348 to run free, at no cost to myself. I could have sold the lot, but decided that this time was different than in the past because there is an imminent buyout on the cards. I also had to consider the taxman and the implications of CGT. So I now await the RNS to tell us the good news. I hope we get absorbed by a major miner like Anglo American or RIO. The big boys at the sharp end know what is happening and I wish them well. EUA has played a blinder, spurred on by the rising prices of PM's and PGM's and paper (fiat) money is devalued. Good luck to all the long-term holders who have stuck with EUA through thick and thin. I wish you all well. I owe a special debt of gratitude to Charles Clore for introducing me to EUA and also to AAU. I only own two shares now: EUA and AAU. I also own gold and silver bullion.
charles clore: Good morning. My take on the current situation - the current share price at 2.4 is at a massive discount to any possible share price as a result of a sale of assets, which I predict will be at least 5.6p. This is based purely on the 2m oz at MT. If however the flanks are entered into the equation the figure becomes 15m oz giving a figure of c.39p a share or just north of 1 billion pounds for the assets. What I can't predict is the value of assets not yet proven, i.e. the difference between 15m and 40m oz. BUT if the Anglo and other data supports it I think we could make a deal on the basis of probable reserves so anything up to 2.6 billion pounds or c. 1GBP a share. All this of course depends on a successful OUTRIGHT deal and all parties in agreement with valuations and purchase price. There may also be net smelter royalty deals giving EUA rights over future production and I would imagine this would offset some of the risk for the buyer as well as giving EUA potential income for life of mine. This is for MONCHETUNDRA ONLY. imho people should do their own research.
johncasey: abit of a coincidence 50 years ago to the month we had the biggest mining rally in the history of the stockmarket..then it was nickel in short its palladium...could the same thing happen to EUA? I think it could and more because EUA are a producer with some big names on board...monday should be very interesting indeed.. 50 years ago, Poseidon made today's WAAAX look waned Keith Ward Some 50 years ago, Australia was gripped by a remarkable boom in mining stocks, the most famous being the nickel producer Poseidon. Its share price rose from 80 cents in August 1969 to almost $280 by February 1970. In six months, the price of Poseidon increased by a factor of 350. What triggered a boom of such magnitude? The words of Charles Kindleberger (2000, p16) help set the scene. “A larger and larger group of people seeks to become rich without a real understanding of the processes involved. Not surprisingly swindlers and catchpenny schemes flourish.” How was the mania created? The initial movement in the Poseidon share price can be traced to changes in the market. By the late 1960’s, the nickel price was rising, driven by the growing demand for stainless steel used in industrial applications such as alloys and nickel plating, as well as from the aerospace and munitions industries. On the supply side, long-running strikes in Canadian nickel mines also exerted upward pressure on the nickel price. At the time Canadian mines accounted for around 60% of the world's production. Movements in the price of nickel directed attention to nickel miners and nickel explorers. Poseidon attracted the greatest attention. It had claims on a site at Mount Windarra, near Laverton in WA, some 350km north of Kalgoorlie. The stock was tightly held but even with the passage of time, it is difficult to be precise about the initial trigger to the start of Poseidon’s remarkable run. However, a headline in The Australian Financial Review on 30 September 1969 (p20) was spot on: “Poseidon Lures the Gamblers” The article author tried to introduce a cautionary note that the Poseidon price had trebled based on “very little evidence” and “the Board could not explain the sharp increase in the price”. This sceptical or cautionary theme continued, with later headlines referring to a “Mining Bubble” (October 1, 1969, p16) and comments that “Poseidon̵7;s strike needs considerable proving up …” (October 2, 1969, p11). Further price rises in October were attributed to rumours of significant nickel strikes, again not verified by the company. Clearly, formal verification was not required. The price moves reflected optimism that Poseidon had a significant nickel deposit. Meanwhile, nickel prices continued to reflect the supply pressures brought about by strikes at the large Canadian producers, Faulconbridge and International Nickel. The reports of nickel shortages and Poseidon apparently finding high grade nickel deposits in Windarra continued to feed the frenzy in the Poseidon share price, rising from $6.60 to $38 over September and October 1969. Feeding the frenzy
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