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It’s logical if you consider EUA may wish to maintain an interest in west kytlim through a JV
I really hope you are right, not the huge change in share price we were expecting. lets see how tomorrow plays out!
I wish we were still suspended, much less stress!
It's not a logical explanation and in fact makes no sense whatsoever.
Will everybody pleaze read DimitryReacts post at 18.03. ,ogical explanation for sale of 27m shares.
Must admit I would have thought BOD shiuld have issued an rns at same time to say FSP is still progressing etc to mitigate fall in selling price
"Alexei has sold his 7% stake in ZAO, as a buyer of Eurasia understand that they do not want someone else with a share, "
What? Any buyer would be buying the entire issued share capital of the company, at the same price from all holders of the shares. Why on earth would they care who exactly holds those shares? There's no positive way to spin this.
So basically someone has been let in at 14.5p, if there were no sells at this price. Exactly half of Alexies 29p.
Coincidence?
I got 2.5k worth at 14p
Even if this goes back to 23/5 for a while it's a tidy profit for no work.
Someone bought these shares at 29p, the market remains and a week or two of nothing will slowly bring the price back up.
I added 30k @ 15p but down 20k
Will be adding again 1st thing
Feel for those who lost today
Yes
89000 at 18 p
Takes me well over half a million.
Bull **** mm s playing nasty and people panicking losing their cash.
This will end well.
Be strong.
All will be fine.
Tricky 57
Dimitry- you going to provide an explanation to yesterday? I know this is a good opportunity to gloss over it but if anything it adds more questions...
Would this point to a JV deal, with potentially more than one partner?
7% would muddy the split of a JV and in the case of a total sale, the 7% would be immaterial as they'd be gone.
>> Has anyone bought at 18p today???
Yeah, me, about £2k. Bought some GME yesterday which I sold today at 3x so I figured why not.
Well in that case hopefully I can get a buy in tomorrow under 20 before this rerates..
Looks like quite a few people will be averaging down tomorrow......It will be rocky but I believe the SP will rally by end of the day
Has anyone bought at 18p today???
Let's hope you are right
Dim great post - clarity amongst the doomsters!
GLA
And just to add, did you notice how Alexei received full asking price for his shares in WK ;-)
Alexei Churakov, owns a company called Venus Garden Holdings. In 2017 he purchased via VGH 27m worth of shares for a 7% stake in Eurasia's subsidiary ZAO Kosvinsky Kamen, which owns the West Kytlim project.
Alexei is very well connected to Senior members at Lesego Platinum Mining Company, including the now new CEO James with whom he has worked with in the past.
Alexei has sold his 7% stake in ZAO, as a buyer of Eurasia understand that they do not want someone else with a share, which explains why Alexei has not sold his other 10m shares as these are directly tied to Eurasia Mining itself and not a subsidiary.
To understand what has happened today is Alexei has been selling these shares in the background for sometime. The Market Makers have held the price at roughly 30p to accommodate, so the 27m shares that have been sold have already been factored in. Once the RNS has been released, people have panicked, and the SP on its way down has hit stop losses and continued the free fall.
Its a shame the trading day ran out of time, or you would have seen the SP continue to rise as the panic stopped and investors piled back in.
In my honest opinion, dont panic, you don't have long left to wait, the BOD know exactly what they are doing. Its called getting all your eggs into the basket before the big one drops.
DR.