Member Info for PIface

We were valued by a research firm at 57p a share yesterday. Sale talks must be very well progressed. Flank approval final stamp due any day.

Next resistance is 7p I think. 5p not a problem. Top riser board again. Might even get over 10 this week.

Shauny today's research report valued it at 54 to 60p so why anyone says up to 50p is slightly beyond me. If a serious offer comes in forget 5p then its 15p to 100p I would say. Maybe EUA paid for the report to put a firmer and sort of independent valuation on things and if so maybe they were looking to place it high for negotiations, or maybe they placed it low to attract a bidding war (it's stated to be conservative and pd mines have sold for more recently). Maybe some other investor paid for a valuation and it's been released into the public after they decided to invest to help their own case. Some nefarious and questionable people are claiming it's all a pump but we know for sure the palladium price has gone up, the board has lots of shares, the licensed area is proven resource the flanks are almost a given at 7.5 x that. The flanks of the flanks may contain 20 times in total. Then we have a platinum mine and a gold tailings project. There have been board appointments to help with sale many who have worked for potential suitors. Nobody who has invested in the last 10 years is currently out of pocket so lets hope it stays that way. GLA

PS we have EPC finance in place to mine MT alone if necessary at our option for 8 years. We don't have a huge amount of cash right now but we are debt free and starting to make money at our platinum mine. It is very normal for exploration or junior miners to have many barren years then one big payday. It's common just like warrants are needed to make people buy shares in a placing.

I can see it hitting 5p very early doors due to strong finish today and that report taking a while to digest and be reported. Might hold or retrace a bit then or might keep going to 6-7p like I did expect anyway if there were a flanks RNS in next couple weeks. Can't see it below 4p again hopefully that's gone. With Indaba ongoing I wouldn't expect offer RNS this week but maybe next but logically after flanks approval. Depends if they are just meeting people to finalise things they have been working on or expecting new interest at Indaba. I think with the ACF report framing the potential if we go ahead to mine with Sinosteel EPC still the price would rise now maybe as far as 13p for the time being. With sale it's 40 to 80p hopefully depending on what strategy they are playing.

Yeah you can e-mail the FCA and they may look into it. I wouldn't worry too much though it's heading in the right direction might be an innocent explanation and can't see it will have cost anyone. Probably less said about it the better as people just get spooked. It's not like there was a sudden jump in price before the news was released.

I did notice the cancelled trades and it seems odd on a very liquid day as were not massive. I did think some MMs, just 1 or 2 were trying to hold it down at times. I know some people were jailed when they had those programs that faked trades really quickly cancelling them which fooled algorithmic programs into crashing shares. Those programs are banned now but in AIM it seems like a lot more old school and could investors or other MMs be fooled in the same way where there are fewer transactions? I don't think it worked anyway. Anybody else have any ideas?

It's been on EUA website since 12.33 I think that was pm but it was on here at 8am so not 100% sure I imagine it might have been prepared for Indaba. The info can be released if the recipient and ACF agree it seems. It says it is for professional investors not retail so I imagine it's largely just standard disclaimers to avoid liability for it's contents or it signifies moving towards attracting ii's or even buyouts.

It says none of the analysts or ACF hold a position in the company. It is what it is and a first firm idea on valuation held by both a qualified FCA monitored research company and probably EUA though I'm yet to read where it says they paid for it (they didn't pay for the last broker note they released). It has definite value and certainly sets new markers as well as breaking a month of virtual silence where even stalwart investors were getting wearied from defending the stock from shorters and fraudsters.

I'm quite new to share picking but gained an upper distinction in corporate law modules as part of my solicitor training so might be able to understand the terms reasonably well. Your post is one of those that looks like a subtle deramp but I note your enthusiasm in parts so not sure.

UT at 4.55 then on live

Research update
https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

I think so and 10x year low a factor. People were being cautious but the new report gives a new marker for 15 x upside so people who do this analytically will make a big difference to them. Generally for big risk they want a 4 x upside which could see this rise to 15p as a worked example.

We've got 3 MMs on the bid and CFEP seeming to want to hold this down but all the others wanna take it up.

Research update
https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

Here's the report out today for newcomers. Go to Indaba 2020 for a hard copy I imagine.

Happy Chinese new year every one

Often thought if could break 4.1p (1000% its year low) would happily sit at 6 or 7 p before a big RNS. 150million still looks well worth the risk. I guess the 2 RNS of PMEs shows people are wading in and they need time to match up the big trades.

yeah thanks by ACF not AFC, I downloaded it earlier. Not read all of it yet.

Did newt2 mean the ACF report? That he has not read. Not seen an AFC report anywhere. They make fuel cells don't they? At this rate we could get him to dig the holes for us. When you have multiple interested parties worse thing you could do is overstate the value and put one off. No 60p is likely conservative as stated, not that they wouldn't be able to give a discount if necessary. A come get me price.

4p has been paid.

If we break 4.1p a big BOOOOOM will be in order

CHOO CHOO is very restrained

60p seems to me about bang in the middle of the figures people were putting forward on here, but is probably a bit more than most were prepared to wish for out loud. All in all it seems to focus on near term value and leaves plenty for a buyer so would not be greedy. ACF are high quality and credible there may be some funding bias as with these things but you could not rule out it being a "tempter" price either like a low guide to get the punters in to an auction room. It does seem to me ACF are used by some very reputable stock exchanges for research, but also promise to increase liquidity for it's clients so I could see a push to try and make more of this as 8% will be less than hoped. Unless it remains all about end game in reality. Someone will have to pay for this kind of thing and EUA are the obvious, but it seems an excellent idea which is what you would expect from an excellent board.