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Anyone else get the feeling this is going to pop this afternoon? 2p+?

The banks know there are huge shortages of Palladium and demand will rise rapidly from 2020. This is why it's been trending up all year.
That is why Eurasia's assets have become particularly attractive for a takeover.

I just went to get a cup of coffee and have just looked at the volume in the past 20 minutes.

I thought it might quieten down at 9am but no.

This could be well over 2p this time tomorrow.

RNS was only out Thursday and many will not know about this yet....

Could people please stop blathering on about a $188m NPV for the Montenchundra license. This is lazy at best and highly dishonest at worst.
This number came from an old broker report from October 2018 and was assuming at least 3 things.
1. It was a Base Case Scenario
2. It was risk weighted for things like not even getting the permit (which we got on Nov 20, 2018, after this report was released)
3. It was assuming a spot price for Palladium at $950 per ounce.

We are now moving towards 2020 and the world has changed since then. Palladium is now worth more than Gold. The squealing of the bankers to get involved in these plays are deafening.
Spot price is $1,775 and rising due to high demand and shortages and since the broker note, profits on this not only get derisked, but the margins at this price go up several fold and so does the asset value.
Eurasia also announced this year and last month that it is making moves to increase it’s resources several fold. Note we have billions in reserves already.
The note was also not assuming an outright sale, for which we would get far more without having to dilute shareholders.
So you can multiply that old value, many, many times. This could reach closer to £1/share on sale than where it is now.

Watch them cover their books like rats in the next half hour.

Market makers have been playing with this all day.
A big tree shake at lunch time, the tried to shake a few out but only a few buckled.
A few silly little shorters have clearly been all over this, looking at the posts earlier.

Now they can all buy back before the close like yesterday.

I hope they don't lose too much again.

The weekend should shed a lot of light on the latest news so we can see further interest next week.

Gla

For goodness sake pull yourself together!

Ggp had warrants at 0.1p it went to 2.5p from 0.05p.

The poor suckers over there crying about warrants also got picked up in a similar fashion.

When the company has assets worth in the billions, and announces a sale process, a £1m set of warrants makes no difference.

I don't know why I bother...

This will definitely get a mention in several papers over the weekend. Followed with a surge of buying Monday between 8am-9pm.
Perhaps even a gap open?
We are sure to get more press coverage on this soon and word will get around. I definitely think this will end up being another 500-1000% rise within days.
Many other much worse companies have risen more on speculation. Here we are pretty much told in a regulated news statement that there is some serious interest in a takeover of all assets.
This has a lot further to run yet...

This will be multiples of the sp before offers come in mate. Offers could go beyond £1 for this.

Check the palladium price over the past year or 2. There is a massive shortage and all of our assets are in play big time. Thats's why the 2 biggest investment banks (i.e. the Goldman Sachs of China and Russia) are getting involved. Do you think they'd be both involved if they though this was worth a penny less than £250m?

Forget short term price movements. The news yesterday was HUGE

Many of us have done the research and have known about this stock for 10 years. Have you? Well tell us why you think it is worth less than £250m on a sale?

There is a reason volume is through the roof on this stock. Give me one good reason to sell this at a £25m market cap and I will. Otherwise - go away.

Great interview. Thanks for posting!!

''It's not suprising the market has finally woken up and realised it could be in for a big windfall''

You heard it from the horses mouth. Keep selling guys, you won't get em back next week though.

Could go a lot more than that by the end of the day.

I'd expect us to be the front of the leader board again by lunch time

Oh go away.

This is going to cut through the offers between 1-3p like butter tomorrow/Monday.

Your silly little posts are not going to stop that.

1. The assets are clearly extremely valuable otherwise top banks would not be interested in the slightest.
2. We are going to be getting offers way beyond the share price when the ink on the contracts are dry...any day from now.

Forget charts, forget buys and sells, this is going to move like most of you have never seen.

''Already looking forwards to tomorrow morning and we've not even closed yet''

I know what you mean lol. Once people have had a good sleep on this, they will realise it is worth WAY more than £25m and we'll continue going up tomorrow and probably next week. 5p is still only £125m and i'd expect it to fetch multiples of that when it does get sold.

The funny thing is if this was a 15m Gold oz resource being lined up to sell by the 2 biggest banks in Russia and China, we would be trading at 20p right now. Palladium ironically is much more expensive.

I told you bigger buyers would come in when the US opens. There's a lot more investor out there than here.

1pence is 25m market cap. Compared to the deal they are about to do that is ridiculously cheap.

Just wait till the Americans wake up and start seeing this. They love a good bull market and have the money to take share prices to the proper level.

15m market cap is a joke for something that could get taken out for 50-100x that. 1p will be history in about an hour, 2p should be broken tomorrow morning easily. This is a stock you buy and hold for a few days, not a few minutes!

Eua up 75% on the day. Our day will come here too within a few months. Big Rns just announced there

Eurasia mining up 70% on the day.

''Market quickly catching up with news''

Lol - come on, the market will take days of buying before it gets to remotely where it should be. That is because people continuously jump off too early.

The sale price here could be between 500m upwards. These banks would not be interested otherwise. We could be looking at North of 20p when it gets done and dusted.