Member Info for Onassis

Remember, three years after it first started digging metal out of the ground, AIM-listed precious metals miner Eurasia Mining (LSE:EUA) is in the process of selling its platinum and palladium assets and projects in Russia.

This year’s pandemic has highlighted how very few independent players remain in the PGMs (platinum group metals) market – note the full South African lockdown – and despite the initial knock to platinum and palladium prices will likely work in favour of Eurasia’s sale plans.

The company is currently in an offer period and has enlisted the likes of UBS and legal firm DLA Piper to work through the sales process. It also has a success-fee arrangement with China’s investment group CITIC, a long-term partner.

Eurasia Mining has not mentioned any potential buyers but the company’s executive chairman Christian Schaffalitzky frequently talks about a rising demand from China’s car producers for PGMs. Given the success-fee arrangement with CITIC it stands to reason that the firm is looking at the Chinese market for a buyer.

Eurasia Mining assets gain in value as each day passes.

https://www.etftrends.com/gold-silver-investing-channel/why-bulls-charging-platinum-palladium/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+etftrends-feed+%28ETF+Trends%29

MMs are playing games with your minds. Top up and hol.

Palladium's consolidation is viewed as bullish – Commerzbank
Palladium has peaked at 2758 and is consolidating recent gains. Dips will ideally hold over the 2516 top of the previous range for another upside attempt, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports.

Key quotes
“The market has peaked at 2758 and is easing lower, the top of the previous range at 2516 is likely to now act as support ahead of the 200-day ma at 2384.”

“A slide back to and recovery from the 2516 vicinity would be regarded as a return to point of break out and be extremely bullish.”

“Key support is offered by the uptrend at 2217 and the September low at 2185.”

“Above 2758 will target the 2878 2020 peak. Above here lies the psychological resistance at 3000, but our Fibonacci extensions are implying scope to 3597/3633.”

MM's know the value here. Don't let them fool you into selling your shares

Palladium’s bull run looks irrepressible
With most asset classes (and sub-asset classes) stumbling lately, Aberdeen Standard Physical Palladium Shares ETF (NYSE:PALL) is a rare outlier. Rising 1.2% on Wednesday, the gain lifted the fund closer to its February 2020 record high. Although that peak is still a ways off, PALL is on the short list for ETF assets exhibiting seemingly unstoppable persistence to run higher.

As noted by FXStreet:

“Platinum and palladium have surged in recent weeks. As the global economic recovery continues and global pollution standards tighten, the recent mine site disruptions suggest hefty deficits and a path toward $3,000/oz for palladium and $1,350/oz for platinum over the next twelve months, strategists at TD Securities report.”

Remember, Eurasia Mining Plc is now a profitable company, in fact the world’s largest alluvial PGM (palladium, platinum, iridium and rhodium) and gold producer with its cash costs on the very bottom of the global cost curve. Eurasia has been in production since 2016 on its alluvial PGM and gold deposit, running 2 open pit mines there. On its second bedrock palladium deposit close to the borders of Finland and Norway, Eurasia has now received a final production permit. Land works are already underway at the project which is fully funded via an EPCF contract with Sinosteel, one of the largest state companies in China.

Talk of Big Whale approaching on ADVFN !!

Sea of Red across the markets today. Anchors up early in the morning....For tomorrow we sail.

Why the Bulls Are Charging for Platinum and Palladium

https://www.etftrends.com/gold-silver-investing-channel/why-bulls-charging-platinum-palladium/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+etftrends-feed+%28ETF+Trends%29

Russian miners are being hoovered up.

Miners with assets in Russia’s far east are getting picked off the London Stock Exchange like teenagers in a horror film. First was Highland Gold Mining last year, then the offer came in for Kaz Minerals (KAZ) – which has the Baimskaya copper project in Russia’s Chukotka region – and now Trans-Siberian Gold (TSG) shareholders are being offered 118p a share for their holdings in the company.

Vladislav Sviblov, who also took over Highland, will pay just over £100m for the 40,000 ounce (oz) a year gold miner, and has already sewn up over 50 per cent of the shares through an agreement with Trans-Siberian’s major shareholder UFG Asset Management and two directors who have worked for UFG. Eurasia Mining have multiple interested parties willing, and more importantly, able to put pen to paper to acquire them. DYOR

Not selling a bean. In fact, I've topped up this morning and will continue to top up until the end game arrives.

Time to hold tight to your golden tickets. If you sell and news comes you'll regret it. Just hold for gold.

Look at this RNS dated 11 November 2019. If the below don't give LTH and new investors confidence with their investment in Eurasia Mining nothing will.
Hold for GOLD

I am posting it to improve my previous post, just a little but crucial correction.

Apart from the wonderful thing of a top PhD Russian specialist (ex Goldman Sachs) brought in with no salary but only highly motivational shares, there is also a mention of Queeld Venture.

Queeld Ventures still hold 307,250,000 shares which, following various warrant exercises now represent 11.63% of the issued shares in the Company.

On the 11 11.2019 the share price was around 3p!

If these guys had wanted to sell at 18p post suspension they would have made a staggering (307million shares x (18p-3p=15p) = 46million quid !!!!

Why did they not sell?? ;-)) They could have easily done it, EASILY. 46 millions profit!!

They did not because they know they will make more.

https://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3AEUA&name=&type=1&size=2&period=13&date1_day=08&date1_month=11&date1_year=2019&date2_day=23&date2_month=07&date2_year=2020&ind_type1=0&ind_type2=0&ind_type3=0

http://otp.investis.com/clients/uk/eurasia-mining/rns/regulatory-story.aspx?cid=403&newsid=1344207

Successful people maintain a positive focus in life no matter what is going on around them. They stay focused on their past successes rather than their past failures, and on the next action steps they need to take to get them closer to the fulfillment of their goals rather than distractions.

Time to hold tight to your golden tickets. If you sell tomorrow and news comes you'll regret it. Just hold for gold.

As the precious metal price goes up, that difference [in PM price and energy prices] will go right into the margins and you are seeing margin expansion. The miners have never had it so good. The margins they are producing are the fattest, the best, the absolute unbelievable margins they’ve ever had.

Margin expansions and the stock price rally that the mining sector has seen this year should 'NOT' dissuade new investors from entering the space.

You haven’t missed the boat at all, even though the stocks are up double from the bottom. At the bottom, six months to a year ago, the stocks were so cheap that nobody was interested. It’s the same old story in our space. At the bottom of the market, there’s never enough money, and at the top, there’s always way too much, and we’re barely off the bottom at this point in time, and there’s a lot to go before we reach the top.

More exploration activity is expected from junior miners, Lassonde said.

I would say that by next summer, I would not be surprised if we were to see exploration budgets up by anywhere from 25% to 30% and the year after, I think the budgets will be up more likely by 50% to 75%. I do believe there’s going to be a big increase in exploration budgets over the next two years.

Importantly, senior miners are likely to spend more on acquisitions making Eurasia Mining a prime target. DYOR

Indicators show strong buy rating.

MOVING AVERAGES
Name Value Action
Exponential Moving Average (10) 27.84 Buy
Simple Moving Average (10) 27.74 Buy
Exponential Moving Average (20) 27.73 Buy
Simple Moving Average (20) 27.72 Buy
Exponential Moving Average (30) 27.66 Buy
Simple Moving Average (30) 27.61 Buy
Exponential Moving Average (50) 27.59 Buy
Simple Moving Average (50) 27.51 Buy
Exponential Moving Average (100) 27.56 Buy
Simple Moving Average (100) 27.48 Buy
Exponential Moving Average (200) 27.63 Buy
Simple Moving Average (200) 27.64 Buy
Ichimoku Cloud Base Line (9, 26, 52, 26) 27.43 Neutral
Volume Weighted Moving Average (20) 27.54 Buy
Hull Moving Average (9) 28.09 Buy

Brewing for a leg up.

Eurasia Mining up first

https://m.youtube.com/watch?v=6z_nhaWqijA&feature=youtu.be

Time running out, might be only days left before an announcement. Today's indicators have all move to buy.

MOVING AVERAGES
Name Value Action
Exponential Moving Average (10) 28.10 Buy
Simple Moving Average (10) 27.98 Buy
Exponential Moving Average (20) 28.05 Buy
Simple Moving Average (20) 28.02 Buy
Exponential Moving Average (30) 28.04 Buy
Simple Moving Average (30) 28.02 Buy
Exponential Moving Average (50) 28.06 Buy
Simple Moving Average (50) 28.08 Buy
Exponential Moving Average (100) 28.08 Buy
Simple Moving Average (100) 28.07 Buy
Exponential Moving Average (200) 28.04 Buy
Simple Moving Average (200) 28.14 Buy
Ichimoku Cloud Base Line (9, 26, 52, 26) 28.02 Neutral
Volume Weighted Moving Average (20) 28.05 Buy
Hull Moving Average (9) 28.41 Buy