Share Name Share Symbol Market Type Share ISIN Share Description
Eurasia Mining LSE:EUA London Ordinary Share GB0003230421 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.04p -8.79% 0.415p 9,912,856 16:05:55
Bid Price Offer Price High Price Low Price Open Price
0.41p 0.42p 0.455p 0.415p 0.455p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.18 -2.14 -0.14 9.2

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Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-21 15:28:430.41119,757494.00O
2018-09-21 15:16:100.419,42838.68O
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Eurasia Mining (EUA) Top Chat Posts

DateSubject
22/9/2018
09:20
Eurasia Mining Daily Update: Eurasia Mining is listed in the Mining sector of the London Stock Exchange with ticker EUA. The last closing price for Eurasia Mining was 0.46p.
Eurasia Mining has a 4 week average price of 0.38p and a 12 week average price of 0.38p.
The 1 year high share price is 0.90p while the 1 year low share price is currently 0.21p.
There are currently 2,226,763,387 shares in issue and the average daily traded volume is 10,469,470 shares. The market capitalisation of Eurasia Mining is £9,241,068.06.
19/9/2018
08:02
sclper: Also I would have thought that if EUA is in negotiations with YA to pay part/all of the loan off in cash it is better that the share price is at the current level. If the share price was higher it would be more profitable for YA to convert the loan into shares at .34p. Perhaps this explains the lack of news recently as the company wants to wait to get the loan settled first.
17/9/2018
13:39
mostyn: It's difficult not to get carried away when looking at the prospect of an approval for Monchetundra. It's easy to conjure up all sorts of numbers especially when looking at the sale of Kevitsa for $712 million. I have watched many juniors with excellent, even company changing announcements where the share price has spiked only to fall back again. The market in small resource stocks, even where there has been recent excitement, is currently miserable. In this environment the only way for a share price to appreciate consistently seems to be where there is extremely regular (and positive) news flow. A continued improvement in the platinum/palladium price would obviously help and in a sense Monchetundra may become a strategic resource with the forecast shortage developing in platinum/palladium. In spite of all of this I wonder how far the share price might move in the short term (assuming approval) and how many would be prepared to wait another 18 months until Monchetundra would be operational. Would a bid at perhaps a sub-optimal price be better than the prospect of having to hold for a perhaps better but uncertain future. Interested in any views. Edit: I know some on here are looking for anywhere from 4-10p. How would holders feel about 2-3p now. Just curious.
05/8/2018
09:54
charles clore: The way I see it is this. On paper we know there is at least $2bn worth of PGMs plus copper and gold and goodness knows what else at Monchetundra waiting for the Russian Prime Minister's signature. Wesk Kytlym is already producing 7kg which is approximately 250 oz Pt per week. At the current price of $830/oz the 35% EUA share brings in about $72k a week. Once the MT licence is signed does anyone think the company can continue to be valued at under £20m? At the moment it is under £15m which seems like a bargain. That is why I am finding the cash to buy more at these prices and when the price reacts to the next big news which should be the MT permit (but could be something to do with WK it should take us well over that £20m market cap imho. p.s. 'Imho 'orderly disposal' means selling in such a way as to not tank the share price which means waiting for news to sell into. Don't forget Sanderson initiated the loan settlement which was their right as it was a condition of the loan and the share price had reached a point whereby they could reap a bigger profit than if they had waited for the September settlement payment. A no brainer for them - that's what you get when you hold the aces. Now the pack is being reshuffled and EUA will hold the aces.
24/7/2018
12:06
excellance: The reason companies like to keep the share price up is because the a, want to raise funds via dilution and b, to protect themselves from takeover. Why would board choose to keep the company under the radar and undervalued? a, so they can take bigger chunks of the company for themselves via placings and dilution, and b, to try and avoid unwanted attention from the authorities or criminal elements. Often share price is purely to do with performance or lack of as the case may be. In Eurasia's case, we were not entirely in control of MT until 2014 when Anglo pulled out. The micro resource sector was dire, and we were operating in Russia where foreigners are viewed with uncertainty, so we had to play the long game, quietly building, but most importantly staying alive with very little cash. I think Eurasia didn't purposely keep the share price low, they did do occasional presentations etc, but I think the sector and location were unfavourable. So now we have an ugly duckling about to fly as a beautiful Swan...a catapilar about to fly as a beautiful butterfly...up up and away!
18/7/2018
20:04
charles clore: We have known for some time that Monchetundra is a rich polymetallic deposit worth billions of dollars. But that value has never been remotely associated with the share price. Until now, that is. The moment the permitting process went from the ministries to the Prime minister's office for final sign-off people began to realise that something big could be about to happen that would add value to the company swiftly and significantly. The first wave has hit EUA and it doubled the share price to over 0.9p before settling back tonight to a very respectable 0.76/0.8. The news hits this I believe it will attract a larger wave of new investors who are seeking not just a fair price for the stock but a prize far greater; the possibility of a Monchetundra sale or fast track joint venture which would lift the share price to long forgotten heights. Let's see how it goes after the dust settles.
11/7/2018
11:37
charles clore: I think someone earlier touched on the fact that the EUA share price has suffered a 20-year decline. That means a lot of people have bought at higher prices and will not want to sell at the beginning of an upturn with the long awaited MT permit practically in the bag, everything looking rosier and hopefully the price about to take off. So who is selling? Possibly a fundraising participant with a shedload of warrants to convert probably not too far away from today's price and needing to show a return on the placing price. No PI in their right mind would be selling this now unless they are a forced private seller, so maybe an under-researched trader or one of our invested institutions with warrants. For what it's worth I don't think the selling will continue for long as the herd will soon arrive with the scent of MT with a licence to mine (and possibly for sale) with 2m oz of reserves for starters. I am adding heavily on the dips as this is, imho, a no brainer and could soon break out to the upside. I have an initial target based on the chart of 0.75p. billionaire - perhaps they have produced a glossy brochure because they recognise that, strategically, now is the time they want EUA to be noticed by the market. Imagine a potential suitor being handed a plain unbound report.
03/7/2018
17:07
excellance: A high share price and market cap is like a vote of confidence in the management, the business and the sector in which they operate that a good return is on its way, and a high share price protects the company from takeover and allows management to raise cash easily. We have a very low mkt cap currently, and although the company now appear to be making profit for the first time and are on the brink of realising a huge success with regulatory approval of the large MT resource, we are still lower now than we were before we heard that WK was a fantastic success, thanks largely to the placing of 160m shares at 0.30p I don't believe that the placing small print would demand the management team to globe trot selling our story...but it does benefit them and all of us if the share price rises. Ultimately it will be news and numbers that determine the share price relative to yield, but that won't be for some time.
29/5/2018
22:48
excellance: I wonder what currency our PGMs are exchanged for? I know Russia and the ruble has suffered due to sanctions in recent years but looking at what's happening in Italy and how the dollar is benefiting handsomely as a safe haven, I think it could be significant what currency is used and which bank too. It appears there is a significant possibility of another financial crisis elevating from Italy and spreading across the globe, but surely Russia and PGMs will be insulated? I think any banking crisis will mostly effect the west, the epicentre being the euro, but if it spreads to the USA then rubles would be a great haven. I think eua share price may have bottomed.
15/5/2018
11:59
ekuuleus: Well, we are making some progress on understanding making money without risk. I am chuffed, although red rock spoiled it for me. 'If the placees sell at breakeven/a small profit they get to keep the 0.6p warrants which gives them risk-free exposure to any upside in the share price which hasn't cost them anything.' [sic] In this, the 'placees' sell the shares issued and make a small profit. So they pay company 0.3p/share. sell at 0.33p and make an instant 10%. They ponied up what £0.5/£1m? in the short term until they offload which they hope to do quickly. A price of 0.45p gives them 50%. If they can do this in the next couple of months, thats an annual rate of 100's%. Forget your 10 bagger, this is going to rocket rhetoric. This is a very low risk method without much happening to the share price. In addition they get warrants. If the share price languishes, they expire and are worthless but the loan copmany does not care, they have already made a better return than you'll see, even with a '10 bagger'. If the share price takes off, and say hits 2p, well, for exersizing the warrant at 0.6p, they get another 200% profit. The shareholders that have money to burn (you), pony up the money so the money men make a nice short term profit, more shares are in issue, they have the warrant to make a killing and you have a very diluted share. I think last time I looked, if this company make a profit, the warrants and other options will take a very large proportion so your upside is somewhat limited. The only consolation is that 50% of something is still something. When you ask, when will this get re-rated because its so wonderful, the answer is after the company stops these loans, makes a profit (in the annual return). Until then, the company only has 22 years mining experience and 22 years of losses experience. All the above and against my better judgement, yeah, I hold a few of these shares. I'm liking the news flow in general and am taking a very speculative punt.
15/5/2018
11:03
sclper: I was very unhappy with the terms of the placing as there was a big discount to the share price and the warrants were at a relatively low price and a 1:1 ratio. Normally a placing either gives a big discount or there are warrants attached but not both. Also warrants were given on a 1:1 ratio which is fairly unusual - often you get say one warrant for every five shares. I'm told that the generous placing terms were necessary to compensate investors for the perceived risk of investing in Russia at the moment. The placing shares are expected to hit the market tomorrow so it'll be interesting to see what happens. As others have said the placing will be a headwind for the share price in the short term but at least it's holding up well at the moment. Also warrants will create very large resistance at a higher share price but we'll worry about that if/when it happens ;-)
Eurasia Mining share price data is direct from the London Stock Exchange
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