EUA is a Company with daily growing fundamentals - Part 130 Nov 2019 17:58
Good Evening all,
I have been reading through the board today, and have been very impressed with the excellent quality of positive posts
to out-way the negative spin-doctors tripe posted on here, yes, of course, there is a risk as with any investment but
the perceived risk here is minimal in my mind.
To mention a few - Mac4671, BrotherJoey, LargeGin, DUFC23, FUT1a, DIFTK, Stockdale, Pompeyrod, Nathdomb, GeckoLovesGreed, TheBeastofBodmin. and several new posters, and of course our resident ramper Nedhammer, just kidding Ned, I know you are in the same Strong buy opinion as me.
I did like GeckoLovesGreed post -
" oil drilling and open-pit mining are two different animals.
One is very high risk and expensive the other is relatively easier and cheaper.
One has predictable and proven resources and the other is a pure punt.
I’m sure you would know which is which."
This is a true and unrealized fact with which many new 5-minute holders of this share miss the point. The more astute investor here does not.
Recap on EUA :-
Eurasia Mining Plc, Started life back on the 24th March 1995 with approximately 20,000,000 shares of £1 nominal value, the company has endured many lean years with delays in it gaining various mining and mineral extraction rites, this has led to various capital raising strategies like the issue of warrants, and even to the effect of the senior staff and directors having to foregoing cash and accepting remuneration at par in shares to save the depleting cash pile. This over the years this has led to the current share dilution to where we now have 2,664 Milion shares in issue. This strategy has kept the company buoyant throughout the lean years to where we are today. Fact- The company Directors and its senior staff must have great confidence that it is worth taking remuneration in shares instead of payment, as they have also continued to purchase the shares with their own hard-earned money along the way. latest Director share purchases in June this year.
Trade 24-Jun-19 Buy, Dmitry Suschov, 0.05, GBX, 9,920,000, Total holding - 456,989,458.
Trade 24-Jun-19 Buy, Christian Schaffalitzky, 0.05, GBX, 8,500,000, Total holding - 84,509,517.
Extract from The Chairman's statement-
" Finally, a thank you to our shareholders who have stuck with us through a very long and expensive process and to those senior staff and Directors who have equally shown confidence in the future of Eurasia by foregoing cash and accepting remuneration at par in shares."
A Fantastic Plus point in owning this share, as the company is fully committed to raising the share price for itself and for us along with it......
The Negative posters amongst us keep raising the point that if the company was worth what we have speculated, why is the Profit margin so small? as reported for the period DEC 2018 at only 3.24 Milion......
TBC