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Sam
I think mass buyoff you need to do a 180
Wolster,
That was the funniest post today, made me LOL.
Sam, my heart bleeds for you. Remember when you asked around the 3 p mark for advice and myself and others gave it you. You chose to ignore and listen to another guy ( co pilot, can't remember his name ) and went off chasing rainbows. You could have been the proud owner of a Cessna buy now.
Sincerely wish you the best though.
Ryan
Genuinly Sam why do you bother posting, no one cares.
Your so easy to flight id imagine if you ever become a pilot you'd take off before the passengers could board.
Good Luck
Thank you for the info and the kind thought to put this out for newbies such as myself.
Very much appreciated.
I stumbled upon this last night whilst reading the boards, and decided to sell out of PMO, which was/is heading south, to invest here. Short term initally until I either are happy with a return, or deeply understand the stock and decide to stay longer term. Your info helps my thought process a great deal, so many thanks from me.
Good luck all and kind regards
was kinda hoping for a mass sell off yesterday to gain entry but looks like it's gone the other way, I'm just going to have to take the plunge and hold!!
Great post Ian....
Hope you’ve got the medieval abacus out,
Gla
Chris
Hmmm looks better than i first thought...my gran agrees ..
Eurasia have already stated they are looking to sell their acreage at an average price of $2750 oz for palladium.
In South Africa the average resource levels for palladium, mined underground is 10oz per ton. In veins off the main strike at Mon they measured levels at 90oz per ton, levels unheard of on the planet.
Great information Ian keeps us focused on the price.
This Company, 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 Mcaps, 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 became 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, whichever, we are currently way undervalued on fundamentals.
Why is this? We are on AIM, where the share price merely reflects sentiment rather than indicative value, that's all, and indicates to me with the facts laid out that the market does not as 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 share could be the bargain of the decade, I certainly think so. and with flanks approval just around the corner, ... TBC -