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I really like the caring approach by Ian_.
Lots of EUA investors are worried about the suspension and most people have concerns about the virus. Why not try being nice with each other? I dont need 'ear ache' from anybody, even from somebody who has selected that name..
Btw I believe the quality of management may be the most important factor for success in any plc.
I thought you were polite and tolerant.
Ah well. Perhaps you should operate on a higher level altogether. It's a Bulletin Board - if you don't like it - don't join in.
L-L. "That's a good analysis! It doesn't mention management changes over the 24 year history..." Eh? It doesn't say how many sh*ts per day were scheduled either. So what. "How has the seven week suspension changed this analysis Ian?" Ian's piece was a look back at what EUA have achieved in the last 24 years. Absolutely nothing of what's happened in the last 7 weeks or that will happen over the next 7 months will change that history nor Ian's analysis of it.
I'm trying to be helpful here, L-L. Ian, accommodating and polite as he is to everyone, is not your carer yet you constantly ask him dumb stuff you should know yourself. You've been a member since May 2012 so you can't be a novice, but look back over the 23 questions and posts you've put up since last Sunday and ask if these are reasonable of an experienced investor. Check your 40 posts over this month. Go back to March 6th: "Why don't the BOD put the ACF report and valuation on the website? Maybe doing that could help sell the assets." Are you serious or just desperate to post something in these dead boring days.
Please don't misunderstand me. I'm not making a very good job of this and I'm not singling you out 'cos the same could be said of others (Bellers, Banjo2, Oilandga?). Look under the heading "Another Week". Alansugaratyour asked for a simple consensus on sale price sp given the current situation. He got one relevant reply followed by 70 arguing the toss about lack of news (AGAIN!) and who issued the suspension RNS with Lamtree stirring it as if Punters was still here.
Who the F cares who issued it? It's done. What's it matter? It's done. How can anyone read anything good or bad into who issued it? It's done. buckeye's post at 12:15 made complete sense. Here's my take on it for what it's worth. Was Hammond's tweet a sloppy leak or a complete misreading of a few bullet points that began with the word "UNDERSTAND", ie. rumour, gossip, 'cos "EUA very much in focus at indaba", but certainly not said as fact! Media fecked up again as it took on a life of its own resulting in suspension.
Don't ask me why we're still suspended but accept that the BoD will have been aware at around the time of suspension of a potential Covid-19 panic, it's likely effect on markets and therefore on any deal under discussion! I'll leave it at that.
So, 70 odd unnecessary posts about something and nothing. I guess we're already bored with lock down and have time on our hands. I'm using that time to learn more about markets, trading, certain websites and some specific research. I've gone back over the last two years RNS's in detail, read outside the box and only posted or replied to that which I think important. There's been enough carp on this BB as it is. I check in once, twice max per day. Maybe some others could benefit by doing the same. It might help the BB regain a higher level.
Sorry Spikeyj 11th Feb to 28th March, over a month then. Expecting many more though otherwise they would have appeased the NOMAD, FCA already, what are they gaining from a potential buyer from having their shares in forced suspension for so long?
“... a few months...”
? but the suspension took place on 11th feb, hardly a few months ago?
Ready to set off into the sunset with a FO to all shareholders would be another disgrace on the AIM market,
Yeh agreed Nail,
They have managed to hoodwink the LSE the RS and us lowly PIs .
Oh well, their and to, not there and too. Lazy checking of my post.
Has anybody heard yet of the "pending clarification of its relationship with CITIC" You would now think EUA wants this in suspension, perhaps until it delists after 6 months?
It's been a few months now since I said that EUA didn't suspend the shares, they were forced too. The SP rise from 0.5p to 7.2p is extremely suspicious even for an AIM share. All the ramping here was done by PIs who were just trying to justify the ridiculous daily SP increases. The company were also happy in seeing there SP rise as the BOD hold a huge stake here and are now many millions in profit, until maybe they are held to account?
so far as i understand it, but i do not claim any special expertise
about AIM regs, the company still has to RNS all the same things
that it would ordinarily have to RNS if shares were still trading.
... suspension of trading [not equal] exemption from usual rules.
[entirely different story of course if a share delisted from AIM]
Would the company be obliged to RNS the engagement ‘while’ in suspension? Surely it only becomes critical to public knowledge prior to coming out of suspension so news can be reflected in SP? We all know that ‘clarification’ does not take this long, but there is no definite time period as far as I’m aware and therefore is being used tactfully to orchestrate the ‘speculated’ asset sale?
Lamtree and myself had this discussion this morning about this.. I strongly feel that they are choosing to remain in suspension to get over the Covid blip and return to a buoyant market where their SP does not decline.... what do you think?
yup, they’ve been chatting to a couple of investment banks, but
they have *not* actually engaged them. good to be clear, eh?
Spikeyj, you posted part of my post -
“The company finding its self [sic] in this enviable position has engaged two world-class banks to monetize this position.”
Yes thanks for pointing that out, I missed out the word, With, sorry about that, but you get the gist, it should have read-
“The company finding its self in this enviable position has engaged "with" two world-class banks to monetize this position.”
I hope that makes more sense.
All the best
“The company finding its self [sic] in this enviable position
has engaged two world-class banks to monetize this position.”
but is that actually true, ian?
RNS on 25th november 2019, “Clarification of Understanding
with CITIC & VTB” appears to say something rather different?
“... the Company continues to progress its conversations with CITIC, one of
China’s investment banks and VTB Capital, one of Russia’s investment banks.”
“However, as set out in the Announcement, no
engagement letter has yet been signed with the Banks ...”
The flanks area where Eurasia have applied for the flanks license... are there numerous mining companies ‘knocking about’ that area?
Well done Ian absolutely spot on
Don't ask.... :-)
I genuinely don't have a clue, the good news is that China is starting to get back in the swing of things and restarting car production, so a good sign, and IF this virus outbreak can be brought under control quickly and the global rescission is just short and sweet then things can hopefully get back to some sort of normal, if not who knows...
That's a good analysis! It doesn't mention management changes over the 24 year history, which are a very important aspect for every business.
How has the seven week suspension changed this analysis Ian_?
Eurasia Mining, started life approximately 24 years ago on the AIM market, this was a new market platform set up with the intention of empowering new startup companies with very small M/C and to enable them to get good access to funding through various means, this market was somewhat abused by dubious companies and led to the platform to become known as the " Traders Paradise " where no serious investor would invest any large amount and certainly not for any length of time, it became known as the Casino for gambling, rather than long term investing, the mentality to Buy on rumor and sell on news, good or bad was the norm, most companies did not last long, and if they did, most shareholders were massively diluted by cash raises and trapped underwater.
EUA believed in its self, and tried its hardest to be the exception to the rule, it was a long struggle to gain all the relevant permits and mining rites, and the directors and senior staff believed in the company so much that when the cash position was so low they might have folded they accepted to take shares at par in lew of pay, and have continued to purchase more shares along the way, one to the tune of £50,000 last June.
The Company has now turned the corner and proved it has vast resources within its acreage, and surrounding flanks, is in the enviable position of being 100% fully funded, is growing organically and self-funding, has cut out the subcontractor at one mine and now runs as an owner-operator gaining a 75% margin since last September. The value of the PGM's mined has recently gone through the roof and is continuing to do so, palladium going for approx $1900 per Troy oz.
One of the company's mines has circa 2M oz of PGM's, more in the to be added flanks and with only the current low mining output, the company anticipates a 16-year life of mine producing 125,000 oz’s palladium equivalent per annum, Assuming a 20% discount (for the smelter) and a long-term palladium price of $1,900 oz.
125,000 ounces ($1,900/oz 80%) = $190 million revenue per annum.
This minable output is due to be increased and ramped up in 2020, the company if it does nothing and just carry on just prints money going forward.
The company finding its self in this enviable position has engaged two world-class banks to monetize this position.
Either company sale or assets sale, we are currently way undervalued.
Why is this? We are on AIM, where the share price merely reflects sentiment rather than intrinsic value, that's all, and indicates to me with the facts laid out that the market does not yet have a grasp on reality with what the true value should be for this company.
The board and senior management are perfectly aligned with shareholders and want the best price going for this in a company sale. This stock could be the bargain of the decade, and with flanks approval just around the corner, who knows what this could go for in a full company sale, makes you think, doesn't it?
Good luck all