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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.
“... a few months...”
? but the suspension took place on 11th feb, hardly a few months ago?
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]
Spikey..
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
Ian 16:52:
“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 ...”
Quick Question.
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...
ATB
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