We would love to hear your thoughts about our site and services, please take our survey here.
Merc, the EUA Monchetundra Project is based on the Kola Peninsula which is in the North Western part of Russia just to the East of Finland. The EUA West Kytlim Mine is in the Ural Mountains which is kind of central Russia about 900 miles east of Moscow. Neither are near Ukraine but the fact that Russia is delaring war on Ukraine and basically the whole of the West in the form of NATO, EUA as a Russia based company is clearly going to be affected by the current events.
It takes a big man to accept they were wrong Mac but here you are less than half an hour later making more predictions that these events won't have any effect on Eurasia's business. That is something that nobody can predict. If Putin has shown us something today it is that his actions are unpredictable. If there is a prolonged full scale war between Russia and Ukraine/NATO then I'm fairly certain it will have an effect on Eurasia's business. I absolutely wouldn't expect the conclusion of any form of asset sale to conclude during a war. Obviously none of us currently know when the deal is due to be concluded but a war is going to delay things. Who knows, it could affect the value of the deal as well. It could devalue it or it could make the assets more valuable, who knows. We'll just have to wait and see but predictions are for fools.
You're delusional if you think anyone cares who you've filtered
BUt.....to add to what I've just said. At the moment all we've seen is Russian troops rolling in to Ukraine terratory. If bombs start to get dropped and a fullscale war breaks out, the markets could drop a hell of a lot further from where they are right now.
My thoughts on topping up go back to when the Covid lockdowns where first announced and the markets took a tumble. There were a lot of companies dropping up to 50% and most have recovered over the last 2 year and some have gone on to new highs recently. While EUA may be an opportunity for us, take a look at the market as a whole. There will be some that have dropped massively but will ultimately recover once the situation in Ukraine is resolved.
Now could be a great time to top up but do some research and top up in the right companies.
Why just stay away today? This is the most toxic board I've ever seen. It's not just today, it's every single day. Even at the weekend. Some of the behaviours on this board are disgraceful. It's the reason I very rarely visit.
As I said in response to the RNS, this story has many more chapters to it.
Today could prove to be a very good day to top up or we could see further drops in to single figures. Only time will tell.
One thing we can predict with almost 100% certainty is that there will be no completion of an asset sale while there is a war going on.
It may be enough said for today but the situation between Russia and the Ukraine is going to be changing on a daily basis so things could get significantly better or worse for EUA and many other businesses over the coming weeks or months.
This story has many more chapters to play out yet so don't get too excited.
They issued an operational update just 9 days ago which included the effects of Covid.
Tilly forgot to take his meds this morning
Yuri getting so much grief for speaking the truth. There's no denying that EUA has been a loss making company for many years which has meant no profits to pay a dividend from. Until a sale of assests occurs there will be no profits to pay a divident from. So in reality, this RNS doesn't really change anything. We already knew from last year's RNS that we'll be getting a dividend payment when/if the asset sale completes. The only thing this latest RNS adds is that EUA have a TARGET dividend payment of at least 80% of the Adjusted Net Income. Let's remember that the 80% is just a target. There is currently no guarantee we'll have an asset sale completed (although it seems highly likely) and there is no guarantee the dividend payment would be over 80%. There's also no guarantees as to when this potential payment may be made although as we've waited so long and things appear to be progressing, I'd like to hope we recieve a very substaltial payment within 6 months from now. Fingers crossed.
I'm not sure why people get so excited about rises like this with absolutely no news behind them. Until we get some news this is a false rise. If we get positive news at the end of the month then we may see a further rise but unfortunately this year has seen mainly disappointing news and an end of year summary could follow with further disappointment.
I was tempted to top up when this dropped to 0.14p but I resisted because if we don't see any good news in the next month, I expect this to drop even lower.
Fingers crossed for some good news out of SYME very soon.
I've only ever seen a PME when the price has moved more than 10% but it's closed at around 5% today. Oh well, they don't really mean anything anyway.
Enjoy your weekend everyone.
As I write this the SP stands at 23.5p which is about 10% up on the day but even from here we need a further 55% increase to get the SP back to where it peaked 3 months ago. Even with this good news the market isn't putting the SP where it should be.
The JORC confirms a minimum $1.2bn (£900m) in the ground but we still can't get a market cap over £700m.
CeeJay, I'm away this is just a proportion of the company value but I'm asking what proportion. Is it 5%, 20%, 50%?
Of course, it's too early in the morning to think straight. So a dollar to GBP puts it at 31.5p to 44p SP for that element of the company.
So the JORC puts a valuation of some of the assets at 1.2bn to 1.7bn. If that was 100% of the company's assets (which it isn't) it would give a share price of 42p to 59p.
So what proportion of the total assets are we talking about here? Does this JORC help us the update the total value of the company?
Were RBS ever in?
kopf, the last time I predicted the SP would fall because that's what it always does the SP actually went up..... But then dropped straight back down again.
I reckon it'll go up again this time as well. Hopefully push us back to 30p before another slow decline as wait for the other RNS.
I bet you came here to post about the RNS before you even read it didn't you?