Member Info for Jarv55

Interesting tweet https://twitter.com/AlexeiBoucher/status/1192890419111190529

Having researched. I am very relaxed about this share and trust the management to do the right thing by their shareholders Ignore the trolls and add on the dips caused by the games that will be played. I think everyone will be happy if we get a bid if not then its a hold for production revenue either way its a no brainer.

Warrants also have neither right to dividends nor voting rights, so their value is tied entirely to the relationship between their exercise price and the share price of the company.

https://can-turtles-fly.blogspot.com/2010/12/newbie-thoughts-risk-with-warrants-from.html

Exercise price Expiry date
0.60p 15/05/2020 39,083,333
1.00p 15/05/2020 30,000,000

0.83p 17/09/2021 3,026,806
1.24p 17/09/2021 2,017,871

Anyone notice that they haven't given a date for these shares to hit the market like previous rns?

Exercise of Warrants

Eurasia is pleased to announce that it has received notice to exercise warrants over 13,166,666 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence (the "Warrant Shares"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £79,000.





Christian Schaffalitzky, Chairman added: "This brings the total amount raised from recent executions of warrants and options in the Company's shares to £904,184, with further revenue from the mining operation to be paid later in the year. We are working on an outline of our mining season at West Kytlim as well as on our plans for the mine's development during 2020, which we will release in due course."

Cash is king nearly all warrants exercised.

Rong agree he should be banned this isn't advfn

The company are very very quiet

I thought it was lse policy not to spam about other companies

M.turner wouldn't leave it too long especially if you have to sell and rebuy in the isa

Really Tonwin the are offering over the bid on iweb maybe change your broker.

Kray have a listen https://www.youtube.com/watch?v=KRz259u6A6w

Rns can land at anytime and I certainly want to be in rather than out when it does.

They won't exercise warrants until at least double the price they are in place to make money

Mac I wonder if Mr Putin is buying lol

Oversight its simple if the Russians are buying they won't want a Chinese contractor they will want to keep it in house. And not split the profits.

That is really bad form Rob filtered

Commenting on the exercise, Christian Schaffalitzky, Chairman, added: "With the recent share price increase a number of shareholders have indicated they wish to exercise their warrants and hold these shares long term. We are grateful to them and likewise the Directors have indicated they are holding their 22% in the Company on a long-term basis. As the Company prepares for a significant increase in production at the West Kytlim mine next year, the funds from our operations and from the warrants will be used to prepare for mining at the second site and to upgrade our wholly owned equipment, now that we are no longer using a sub-contractor and enjoy 100% of the margin as opposed to 30-35% previously. We, the Directors, therefore believe the Company is in a strong financial position going forward".

Christian Schaffalitzky commented 'We note the recent share price increase, which has encouraged further exercises by warrant holders, further strengthening the Company's cash position, which will help us to further scale up production at our West Kytlim Mine.'

Christian Schaffalitzky, Chairman, commented: "With the warrants already exercised by today and the cash coming from the refinery in instalments on schedule, the Directors are continuing to keep their Dividend policy under review".

Christian Schaffalitzky, Chairman, commented: "We appreciate the continued interest and support from our shareholder base and the additional funds raised through the exercise of these warrants, which with further cashflow to be received in December from our mining operations, builds on our cash reserves, and strengthens our position in ongoing negotiations regarding our assets as announced in our recent RNS (dated 24 October 2019)".

rns today or Monday lets see