The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hell of a punt, good luck with it, most of us are well under water and would love something to happen, ahem, shortly
If Trump gets back in he'll kick out Bidens corruption involving his son in Ukraine and end the war, he'll end all the unnecessary tax money going fraudulently over there, and hopefully that means we can get something sorted here. Because the BOD are being very vague about the sale and failed to answer any questions at the recent shareholders Q and A. "Refer to the last RNS" doesn't cut it
Eurasia Mining Plc
Supreme Court Tax Litigation Win
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold mining company, is delighted to announce that its subsidiary, Kosvinsky Kamen CJSC, has won litigation in relation to a mining tax claim against the tax authorities in the Supreme Court in Moscow.
Highlights:
· At the beginning of 2021, changes to the tax code came into force that were aimed at unifying the mining tax rate. This included increasing the tax rate for certain minerals from 1% to 3.5%.
· The tax authorities applied the adjusted 3.5 multiple increase to other minerals that were already taxed at rates of 6% or more. The subsidiary had been paying 6.5% and this increased the rate to 22.75%.
· The Company challenged this misinterpretation of the laws by the tax authorities and, via its subsidiary, started a litigation process against the tax authorities.
· Albeit initially unsuccessful in the lower court, Eurasia challenged the verdict and its subsidiary has now won the case in the Supreme Court.
· The overpayments of the mining tax made by the Company since the beginning of 2021 will now be returned by the tax authorities in full (with any relevant fines and other penalties that had been applied by the tax authorities) plus interest at the rate set by the Central Bank for the relevant periods (that is currently set at 16% per annum) covering the three-year period which ended December 2023. This will allow the Company to strengthen its cash position as explained below.
· The first tranche payment of approximately £480,000 from the tax authorities has been transferred, and the Company's cash position as of 31 December 2023 was approximately £989,000.
· Notwithstanding the previously notified unsold inventories of concentrates from the 2022 mining season, the Company now has sufficient working capital to meet ongoing obligations until early Q32024, and further repayments from the tax authorities, as yet unquantified, are expected to be transferred related to the reduction in the tax rates for the 3 year period.
· The Company's interests in the Supreme Court were represented by the Pepeliaev Group, a leading CIS tax advisory law firm.
Chairman, Christian Schaffalitzky, commented: "We are delighted to have successfully won the litigation at the top level of the Supreme Court and we are extremely grateful to our in-house team and our advisers from Pepeliaev Group who assisted us on this matter."
Hopefully, this is the nice reaction from the demand area before the last high was made, we need to break and sustain above 3p next
Has been for the last 4 years....and I'm slowly running out of patience
Just to add to the shift to positivity. Been looking at the charts and this is how i see it, i welcome any input from other 'chartists'
https://www.tradingview.com/x/xBPmC2Sn/ weekly chart
https://www.tradingview.com/x/pc7NIAw4/ daily chart (can clearly see demand area we have now mitigated)
I went in to the shop the other day to buy Oxo cubes. The man behind the counter says "we've got beef or chicken, or you can try the new toffers one".
"What's that?" I replied.
He said "it's laughing stock"
This has been way oversold and we actually came back to a demand area that was formed before blast off on 25th October 2019 (that long ago!), according to tradingview.
Once this court case is sorted then it could reignite the share price at least a few pence
Get lost Toffers. These days you're lucky if an ambulance turns up within an hour. So why wouldn't you get help from a neighbour?
Asked the FCA to investigate 7 years ago yet still invested several times 🤣🤣🤣
What a sad individual
The company has plenty of cash to pay £108,000. They are disputing the claim. They will not go bankrupt. Stop spreading malicious information. You're a stupid old bat, my views of course
Carbon dioxide makes up 0.04% of the atmosphere, so any massive be rise in it is negligible. But big corp is using it to push scam EV's and telling you not to eat red meat. Biggest con since covid and the jabs
*************tallyshareholders/478
Toffees sod off, from the last RNS...
The Company confirms that it received the winding up petition today. The matter relates to unpaid invoices, amounting to approximately £108,000 that are in dispute, and hopes that the matter can be resolved amicably and without recourse to further legal proceedings. The Company is taking legal advice in relation to the matter and further updates will be provided as appropriate.
It is being dealt with. You go on like it's the end of the company. Seek psychiatric help
I'm sure EUA can pay up if they want to:
Financial position
The Company's current cash assets at 30 June 2023 including cash held in bank accounts (£0.4 million) and US treasury notes (£1.54 million) totalled £1.94 million. The value of unsold concentrate within Inventories at 30 June 2023 was approximately £3.5 million. In addition, the Company expects to receive VAT refunds of circa £1.5 million.
All the negheads are just jumping on it to justify their pathetic existence bashing this share daily, when not invested.
Quite sad really
Summit, hopefully it's psychiatric professionals watching wondering when to step in
CS is sorting it, case closed. Now crawl back in your hole
To exercise the options you have to buy them at the agreed price? So CS has bought £25,200 worth at 0.42p, maybe he couldn't purchase the rest because he didn't have enough spare cash? And he can't sell them on if he is privy to sale information. Thoughts welcome
Just donated £25, here is the link if anyone else feels inclined. I don't get on with most here due to my views on most subjects (lol) but we can all agree that hospices require a lot of help and I hope I never require the services of one. If Eurasia ever get a sale over the line I'll make another donation to a local hospice.
All the best
https://www.eastcheshirehospice.org.uk/make-a-donation/