Member Info for countingcards

I have been watching this with interest. Know that almost 40% is held in tight hands of directors and senior staff. That leaves around 1.3bn for freefloat. So my thought is this, that since the free float is large it should not be a problem for the markets to meet a share deal, right?You want 500k OEX you get it, you want to sell 500k OEX you can do it. They have nearly as many shares as EUA. So why has it taken all day to fill 2x500k buys?

Also why when you want to buy only 40k EUA you get quoted almost full price, and they will not budge on that small amount. They give a decent price on the bid as well for you to sell. If I am reading the cards right it tells me that someone is accumulating. Now at the end of today a buy goes in at 16.29:59 for 500k. Did the MM struggle all day to find a seller to match that trade? Then after hours we get notification of another 500k! Why with that much in free float does a 500k have to be announced after close, and another 500k take till the end of play to be filled. Answer must be there is very little in free float.

Given the negative posters and vibes on here (that is a big positive as well) spending all hours posting and breaking down continuity of subjects you have to feel today has bottomed and will begin the test upwards from tomorrow.

One of the most hidden gems out there.

Normally I would say well done for anyone banking a profit, but right now I have no sympathy for anyone selling at this level, because you will be crying to get back in.

Rattie

That is a very interesting post my friend. Video asap, ASAP! get it out to clients and that in itself should be able to get the price above 1p, but they not so optimistic they will get this done quick enough, because there is always the threat of a bid coming on the table before then. So even they know this has been wrongly priced this morning.

Exactly my thoughts. Brilliant news!!

If I was a newbie reading this BB for the first time I might have thought you carry some weight and that you may be accurate in your research. One click on your name and reading your previous posts would make anyone understand you use the same antics on numerous BBs and on a Sunday? Double time or time and half?

You do realise your presence here on a Sunday has just made anyone reading this know that a good week is coming for EUA. Why else would a serial time waster be here before markets open tomorrow. There is only one Costello like there is one Tricky, but there is one liar behind both!

Ended the week and session on a high all round. Costello you carry on, Overtime must mean a lot to you.(I would say family as well, but needed to think again - a family man?)

Really??? LOL Been through three court cases here in the UK and personally feel no different here then what you say of Italy.

Yep very easy to say but FG made of something different.

Recently and maybe not comparable as it is on a smaller scale. I advised someone to chase down TV licencing for a refund from their old property as they had moved. TV Licence being the people they are told her one the first application for a refund. Name spelt wrong. On the second occassion, bits were missing, third time, name wrong again. Fourth application details of ID proof needed. Finally again details missing and name not matching their records. Finally she gave up and said not worth it. I chased them up on phone and email, and finally last week the misers paid up!!

You either fight for what is rightly yours or you continue to give up your rights to what is rightfully yours. They won this, but the courts insist on creating work for themselves. Its either that for the court staff or back to taxi driving in their spare time.

Sillybagger

Yep I am still in just got busy elsewhere with life mate. Hope your well. Great posts this morning RKB. Time getting very close now.

Buy from 11.16am for 6.9m just gone through at 0.36p price at time was around 0.34p on the ask. Price then shot off to 0.4p.

Separately, but also of exceptional value, is the company’s 68%-owned West Kytlim mine. It is the second largest alluvial PGM mine in production globally and is located in the Russian Ural Mountains. The asset achieved industrial-scale production (4,549 ounces of platinum) in May and is set to increase production sevenfold by the 2019 and 2020 seasons (to around 23,952 ounces of platinum) as mining transitions to the new Kluchiki pit.

Now, as far as valuations go, and employing basic DCF modelling, the palladium-rich Monchetundra asset comes in at a pre-production, risked valuation of £147.4m whilst the already-producing West Kytlim asset comes in at £57.2m. That said, and with market consensus continuing to forecast a supply deficit of palladium, the palladium spot price used ($1,051/oz) in the valuation of Monchetundra is likely to be viewed as conservative in the coming months. This is, in part, a reflection of the material growth being observed in the autocatalyst market which consumes around 80% of palladium demand. Thus, we believe Monchetundra will increasingly appear on the radar of major mining companies looking for quality tier 1 assets.

For the record, we exclude any valuation for the Semenovsky asset as the project remains non-core at this time.

Balance sheet wise, the company is currently debt-free with circa £351,000 cash. 166m outstanding warrants at an exercise price of 0.60p (£996,000) and 30m outstanding warrants at 1.00p (£300,000) means the company has plenty of headroom to shore-up its balance sheet without the risk of any material dilution;

• 10m warrants at 1.00p are attached to Dmitry Suschov (Director) who is likely to use the opportunity to build his stake in the business.

• 90m warrants at 0.60p are attached to Venus Garden Holdings Limited (BVI), wholly owned by Alexei Churakov, the ex-Goldman Sachs and Morgan Stanley banker, serial investor, and Russian mining tycoon. Again, an incredible stake-building opportunity.

• 20m warrants at 0.60p and 10m warrants at 1.00p are attached to Dr Michael Martineau (ex-Chairman) who is now retired.

More importantly, however, and as of November 20, 2018, the company’s directors sported some serious skin in the game with a notable 23.69% stake in the business. That said, and should they choose to exercise their recent options, this stake is likely to jump to 27.14%.

So, question; why on earth are retail investors selling a fully-funded, management-backed, state-backed (Russia), high-growth stock with a current NPV of circa £204.6m (7.97p per share fully diluted), a market cap of £17.7m (0.75p per share), and a rapidly growing acceptance that the company is now an attractive takeover target for cash-rich early movers in the Paladium space? Answer; the ‘disposition’ effect.

Thus, the revaluation of Eurasia’s shares will not wait for the formal issue of the Monchetundra mining licence, which is expected imminently anyway, as the stock is profoundly mispriced o

Economic theory suggests human beings are rational agents and their investment ideas are goal-oriented, evaluative, consistent and free from emotions. However, in reality, the investment behaviour of retail investors can often be irrational. Here’s why:

According to Redmayne Bentley’s latest market factsheet, retail investors, aka PIs, typically sell stocks that, on average, outperform the main market. One important reason for this is the ‘disposition’ effect. It is the tendency to sell stocks of which prices have risen since the time of purchase. Such stocks may have the potential to re-rate exponentially due to a material event. This, nevertheless, is invisible to the retail investor who is simply focussed on booking a quick profit; the proceeds of which are then used to ‘average down’ an underperforming stock.

Thus, retail investors tend to sell the winners and hold on to the losers.

A case in point is the AIM-listed, Russian-focussed, Eurasia Mining (LON:EUA). Since the beginning of last year, we’ve done extensive research on the company, the sector, the metals markets, and many other companies to verify Eurasia’s exceptional position. However, even that extensive due diligence didn’t prepare us for the November 20th RNS that brought to the market’s attention a company that had, until that point, largely flown under the radar of even the most avid follower of the natural resources sector.

Having already attained all necessary approvals at the federal level under standard Russian sub-soil regulations, state approval of the Monchetundra mine permit, from the Office of the Prime Minister no less, was finally received. Now, for those unaware, Monchetundra is Eurasia’s 80%-owned, palladium-rich deposit in the Kola Peninsula of Russia that sports 1.9 million ounces of palladium-led reserves and resources with platinum, gold, copper and nickel – all with a gross in-situ value of £1.64 billion.

Umm… correct, that is not a typo; Monchetundra – on its own – is worth a staggering £1.64 billion! Better still, and thanks to China’s Sinosteel Corporation, the project’s entire funding is already in the bag; Sinosteel will provide debt finance for £116.5m (85% of contract value) with a 10-year loan period and an indicative floating interest rate of 6-month LIBOR + 3.5%. A £38.9m sub-contract has also been assigned to the company to cover all preparatory engineering and pre-strip works on the two open pit deposits. The former will be drawn-down on the formal issue of the licence, now expected imminently.

Smiley

The 50 day average lies at 0.25p. I never expected the markets to actually test it, but they recognised a herd when they see one, they saw weak holders, and they saw plenty of the weak nervous very easily manipulated holders. They were and are there for the taking. They have been shook out and pips squeezed. It does not help when other stocks are rising because easily manipulated herd run to them. So going back never thought they would go this low but it tells me how much background interest is in this stock from people wanting to accumulate to go upwards.

Expecting a correction upwards, otherwise none of what happened in the last two weeks has had any bearing. Its as though it never happened.

Holding all for free right now, but an observation I have made is that a couple of posters on here have gone into overdrive bringing up past issues and their own failures. Honestly sounds like guys in a bar crying over their beer. On the plus side they are doing a grand job in taking investors/traders away from the volume, frequency of trades, movement. THAT my friends by simple observation is how free shares are made! Do I thank these posters? each to their own and each to their own game plan. From where I sit, instead of watching the drop as manipulation, in which case you will make irrational decisions, look at it as market accumulating, which is a more rational outlook. Looking for 0.45p at least, and not bothered when as I know its coming.

Mr Investment with all respect and I mean nothing by it but I observed you called 0.3p two weeks ago as the price drifted down but then two days later the price was in the 0.6p. You kept the same beliefs then as you are doing now. You even took a trade on the way up so went against your own writing. I think its OK to guess and I respect you are long term holder, but sometimes there are small things that other overlook which can turn price. I am watching the cards as they are getting pulled form the pack and for me there are little clues out there for adding.

I agree, very impressed at how far down the MM is trying to take the price to fill orders. They held up buying around 0.4p to prevent the price from getting away. Also remember the 21st November new option shares come to the market (although I think they have been forward sold). Another good sign is the amount of time derampers are spending trying to convince the weak to sell up and come back months later. LOL. Experience is a wonderful tool.

Oh and remember there will be many others like me on a free run. That means plenty of stock has been removed from the table. That also means that we are at a strong new support level, and when further demand comes in then it will be hard for the MM to gain stock easily from that support point. Its only going one way that I am personally confident of.

You will do well mate and I hope other sincere people get rewarded. My first buy was at 0.3p. The rest is history, and now can sit back and watch. Hope it comes good for you.

bjpomphrey

A lot of guys got on the wrong side of the trade. Some bought in the high 60's and feel stranded. Some sold too early and want back in and will really good at playing on the minds of masses. Me? I did the sensible ting - filtered 90% of the posters on here and the other site. Focused on the frequency of trades and volume, RNSs as they arrived. By cutting out the noise and really concentrating on the things that matter, I have ended up holding for free.

I am only showing what is possible when you set out and deal with the important cards.

Spike you say “no idea when the money will be returned form the court judgement”

Oilex will move to receive the sum of $2.7m per the application to receive 90% of the bank guarantee.

Payment is normally within 30 days. This is based on the Stay conditions not being met by GSPC within 30 days then the EOD (Event of Default) process will proceed and the expectation is that the residual 55% will be passed to Oilex.

Certainly looks that way SB. The indicators have gone positive but the price has not actually followed yet and needs to catch up. Yesterday you could not sell a bean, but to buy you had to do at full ask. When the 2m went in it made me feel that orders are being worked at each stage upwards. Now they are giving a premium to the bid if anyone is interested. Feel we are in for a few good sessions ahead.