Member Info for EthioEthio

Sharebel is a trader. Ramps and deramps when In/Out. All in his history.

Let's hope they cease fire ASAP

One of Russia’s most important assets, besides its vast arsenal of nuclear weapons, is its oil and gas reserves. Sanctions on Russia’s energy industry threaten to constrict global supply and drive up prices consumers pay at the pump here in the United States.

Local News Report (California):

"President Biden has made it clear that sanctions on Russia could hurt the United States as well. Those potential sanctions may include targeting Russia's banking sector and other key industries. Russia is the third largest producer of oil worldwide, accounting for roughly 12% of global crude oil production. And 7% of us crude oil imports. Already, California's experiencing record high prices at the pump.

https://www.investing.com/analysis/white-house-now-blames-its-inflation-on-defending-freedom-200618805

Russia possesses what is believed to be the world’s largest palladium stockpile. Its central bank has also been stocking up on gold in recent years as part of its efforts to de-dollarize and insulate itself from the impact of sanctions.

A big question now looms about whether Russia will align more closely with China.

This is a terrible war which must end asap. I feel for the innocent people of Ukraine.
The cost of this war will hit every single one of us here and around the world. The US's attempt to dominate and control this world has and will lead to conflict everywhere.
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As it stand, SWIFT will not affect EUA and the market will know that. EUA's assets are also registered in Russia so no chance of them being taken away. Markets around the world may take a beating but i very much doubt it will be for long. The politicians know a covid hit economy cannot afford yet more pain and that SUPPLY is everything. They cannot cut out Russia too long. All they want is Putin out. GLA

'First, we commit to ensuring that selected Russian banks are removed from the SWIFT messaging system.

The BOD have already confirmed they have no connection with state owned banks.
This sanction is for 'selected' banks

#EUA - no opinions just some facts. The assets in Russia are held by Russian firms that in turn are owned 80% for TGK and 68% for KK by a Cyprus firm Urals Alluvial Platinum which is owned by Eurasia Mining PLC.
Cyprus a popular place.. understand what you hold when investing.

https://mobile.twitter.com/GMF782/status/1497571972032696322

The BOD are the BIGGEST shareholders and will protect the share price with news.
All the threats made by the west and Russia will not benefit anyone. Esp, the west.
If the west goes ahead with what say they would have not done yet, everyone around the world will pay the price. You will see energy prices raise huge amount here in the UK, countries like Germany will be hit hard. No one gains. Everyone loses. Poor countries in Africa will not afford oil prices etc etc.

is state owned

Consideration does not mean it will happen. We'e all seen the consideration from the UK and US, swift etc which never happened.

Hopefully, they will come to peace talks and it could all be over sooner than we think.

EUA again will protect and may release another statement to reassure the market pre open on Monday.

If Russia and Ukraine come to the table and take the diplomatic option, which is what the people of Russia want as well as Ukraine, EUA could open up higher on Monday morning.

Yesterday's close - 8.60p
Today open - 12p.

What we do know for sure is EUA should be much higher, in the 22p region at least or 26p which is where we placed.

The sanctions have not affected Russia because Europe does not want a full on sanction. This is what Joe Biden said. Europe needs Russia for energy and the EV revolution. The world needs Russia's cheap minerals and energy. GLA

Ian, even better lol

EUA may well release more positive news to get us back to 20s asap.

It's been a fantastic recovery so far. Sentiment is back after today's RNS. Hoping we hold 14s , 15s for today. GLA.

Sharebel no amount of deparming you do can keep this down LOL

Your plan to deramp and buy in cheap has failed. You're cr@p investor and an even worse trader

There's a reason why Putin said it was a 'special operation'.
He will be out once he's disabled the military stuff.
Let's hope too many innocent people don't pay the price.
This war could end in days. It has to. Putin wants to show how quick he can change the game.

Peeps just came out from covid lockdown etc and don't deserve to be in a war. the cost is not just economic, lives , mental health etc.

Absolutely flying

We needed to break 12 to shoot up. next resistance at 18

EUA is a fantastic company with EXPENSIVE rare metals.

The BOD have so much in this and its a matter of time before we're back in the 20s.

Placed at 26p not long ago

I knew there would be an RNS today. the BOD never let you down

GLA

Kick on EUA.

Those who sold out, will have to pay more

Short burn baby burn!

let's go

How many of you are invested small mining company in production?

EUA is in production and selling Rhodium, Palladium, Gold etc

It's a terrific company with BOD with HUGE skin in the game.

The cash balance of Eurasia now is about $35m with no debt

The financial position of the company is sufficient to accomplish its commitments in relation to the Rosgeo joint venture.

MrBasse

Boris also announced the sanctions at 5pm after market closed.

Truthfactory - You have done ZERO research on EUA.
You were calling for EUA to confirm they got cash in the bank.

EUA had not used their $15m prior to the last raise. They now have $35m in the bank + WK is in production with 3 wash plants. Money is not an issue. They're in production and selling as per today's RNS and a weak Ruble is even better for them.
deramp elsewhere.

Tilly, time to buy back in :)

· Eurasia has no bank accounts with Russian state-owned banks.



· The Company also has no relationship with any Russian state-owned banks.



· Eurasia's production (palladium, platinum, rhodium, iridium and gold) from the operating mines is sold in the domestic market at prices with a market discount to the LME prices fixed in USD, while the costs are mainly fixed in Roubles, whereby a weakening Rouble exchange rate has a positive impact on the bottom line of the Company.



· The Sanctions do not prevent the Company from executing on its strategy as announced.