Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I agree 100%
The issue is they should’ve not said they were investigating this, if they mentioned it was a fire sale because he needed funds it would’ve been better than saying we are still investigating the situation.
It leaves the open gate of numerous theories to the market
He sold only 1%, doesn’t matter where he sold it, it could’ve Been in a specsavers in Macedonia
It lost £400m to the company valuation
+20%> since the loose cannon decided to sell just 1%
It’s was not the principal of the 1% it was the condition it was stamped to the market, then the embarrassment of the BID saying they didn’t know that a close advisory sold stock into the market ))
This is the only reason this company has lost £400million in market value in 2 days
Major support 20p
This will 100% drift south to the next support level unless good news is given.
the loose cannon did the damage, nobody else
!
carlito22,
are you serious, sure it’s still uncertain, yes it’s very favourable, for the FS, but it’s mother Russia not Croydon.
All them stop losses must be adjusting hourly....
Stay in the game
The BID need to stop this knife, the loose cannon has definitely caused concern with the sale process.
Deep down we all have doubts about his actions and the RNS explanation from EUA, but in reality the market sentiment is showing the curve.
if you have balls of platinum stay in the game; this is what the big boys want.
Eurasia Mining BOD need to be reactive in the best interest of shareholders, if that means to be silent in the present sell off so be it.......
VODKA and KORUSHKA
Don’t worry about mining season is coming, the same Russian guys will be turning up for their rotation, the same Russian equipment and procedures will be used, just different name on the coveralls in the context of takeover.....
Put this to bed.....
The MM’s are certainly trying to hammer out a bottom, unjustified falling knife, yes there is warrants absorbing into the equation.....
See how the market goes, BOD need to pull a little white rabbit out of the hat, it would be good to settle the hemorrhagic sentiment sell-off......
Stay safe y’all
Last week Eurasia Mining BOD gave note to the market that the talks were ongoing and at this point there is non-binding offers being kicked around the table legs, market never flinched, notably suggesting its built into the market value of the company, my ar@e it is.....
This week an RNS from Eurasia Mining gives notice to the market that one of its company linked advisors Alexei Churakov sells into the market ( 27.4m shares - not major in respect to total in issue ), this was illustrated to the market at 16:00hrs, the market were caught off guard and boom, a drop of >40% of the market value wiped out in 20 odd minutes.
Markets don’t like non-routine surprises, and this was with no plain explanation to the shareholders ( doesn’t have to ), but this was an message of information in a very sensitive time ( stating the obvious ) and warranted an parallel RNS from the BOD to give notice of the opposite to a speeding ticket !!!!.
This theory they didn’t or may not had known ( not buying it ), I am pretty sure that the BOD’s know everything that will/is to be thrown to the market......it was orchestrated in a sensitive period as it needed to be done before the potential sale RNS came out as the sale price was 29p and it was executed over a period of numerous trading days to filter and absorb the shares into the market, so the BOD couldn’t realise the prize RNS ( if it was ready ) as this organised sale would have been complicated for the MM’s ( yesterday’s sales volume was not over 27million shares I understand ).....
Now you can make all the scenarios up, good, neutral or bad but as it stands now the sentiment is not good today ( proof is in the pudding - down 40% ) and the BOD have to send a clear decisive message to calm the chicken pen, as the foxes are licking the lips.
Yes, I keep telling myself nothing has changed other than a fire sale from a crappy badly timed RNS, the assets are the same, the assets prices are the same, sale talks are the same ( ATM ) which keeps me hugging to my comfort blanket as I try to put the pieces together from my iPad from when it fell off the table when I zoomed in on the closing price this morning ( morning here in Far East Russia )
So as it stands now the market is valuing Eurasia Mining around £500m after today’s bloodbath, I am surely tempted to buy some of these cheap beer tokens once this market opens up in the ( your ) morning, but lets see how this shakes out first on the opening )))))))
GL
Please be gentle with the replies, I know this is a very sensitive time for the investors....
All stay safe wherever you are around the world )))
I am not saying anything, we have not got anything in the bag yet, let’s see how the dice roll....
good luck with the sale/TO/JV
Im good with whatever outcome ( I’m a long term SH ) , but the majority of suffering Pi’s deserve the fruits from this company sale....
Mac4671, you have no clue how things work in mother Russia ( no disrespect ) , yes we/you have Dmitry on board, but In Reality he is small fry in the Russian big boy world, but he will help for us to get the deal across the line.....
I am onboard with your comments, you don’t have to convince anybody MAC
All I am saying is this is no walk in the park......
This is Russia......
Hi,
I’m just going to throw this out there, I have lived and worked in Russia for 15 + years, I know a lot of what this country is all about, from culture wise to how things tick ( nothing surprises me anymore ),
I first was a shareholder of EUA back in 1999 in the Andrew Council days ( before I get attached on here ) .
I just want to maybe say, working is tough enough in this country, but trying to be an owner of a world class asset that is attracting some serious attention around the world ( companies ) it will also attract attention within the internals of the Russian Federation ( oh yes ).
There is thousands of hoops to jump through, so trying to be an actual owner it will be difficult, if you don’t know how things tick within the RF, so in my opinion this is a big part of the delayed process for the deal(s), whoever takes over has to be “right on point” and run with the bureaucratic internal process and procedures, the excessive and complicated administrative process will be like pulling teeth for all sides involved.......it’s different for sure.
Even if it’s NN ( which would be the favourite candidate ) it will
/may still have the big brown envelopes flying around at certain levels within the governmental and regulatory departments, and yes this still goes on before people think it’s a thing of the past and has vanished from this country, one thing you learn quickly in this country, most anything is possible with money in pocket.
This deal is a multi-billion deal and the white collared Russians will be all over this like a rash as we wait for the outcome ( I can’t imagine what is going on behind the scenes ).......These opportunities don’t come around that often.
The Russian Federation economy runs and is underpinned with energy and resources as most people know, and it relies on these assets.
Eurasia Mining have appointed the right teams to help and support this transition, but I know how hard this BOD are working right now, they probably will have a transitional period ( handover agreement ) with certain management staying around for a while or like some investors have mentioned before there could be a JV deal being greased together first which would be more suitable for some companies who are outsiders, and once the part owners get comfortable with the running of the company business they may takeover the full ownership.
One way or the other they are working hard and within these COVID times too to get the deal done with full value.
This may answer some other comments today about why is this company only valued at the moment at £800m and the estimated ground assets are worth multiple times more, my opinion it’s in Russia, and you have to factor that into the conundrum, the risk/reward of owning/running a major company in Russia, not many do it, ask yourself that, and their is sanctions from certain parts of the world of the world, does this effect this deal in anyway, I know it effects many western oil companies......
91jonmo, I was involved back in 1999, so before that I assume, ( maybe 96/7 ) I was a shareholder back in the days of Andrew Council and his BOD....
Those were the days....lol
Hi, ??????,
My first post, and I’ve been a viewer ( guest ) for a long time watching most bb,s, but just joined the chat register today here.
So firstly I’d like to say hi to all,
I used to follow EUA many years ago, back in the days at the start of this century, didn’t use this bb, and I’ve endured some pain following EUA.
Just seeing the frustration of many waiting for the news so reminds me of many years ago, Eurasia has left some deep scars for many long suffering shareholders ( and me ), But the path is changing as everyone can see, it’s not and will never change especially in mining stocks ( the waiting game ), but it’s good to see all round knowledgable investors giving advice and informative comments here in this group chat, especially in today’s world environmental path of living.....
So here is my first comment, please go gentle with me, I know this is evening time and in lockdown so some garden shed man caves will be heated up and optics flowing ))
We have/probably 3 possible scenarios this outcome position can/will go for Eurasia Mining.....
And this is taken from mining101
And the first one from the position they are in is very, very unlikely to happen, but 2&3 scenarios look more realistic from today’s standpoint of their business roadmap, and I think most can agree.
*first scenario would/could be failure to handover the assists within the sale, which leaves a hole in everyone's pocket, including that of the banks and investors.
**second scenario is when a junior has enough success and attraction to justify a major paying a market asset value premium to swallow it up, leading to good returns for everyone.
***third and most rare scenario ( but this is not so rare for this company ), a junior finds a large deposit of a mineral(s) that the market wants a lot of and is running in parallel with excellent market conditions – magical combination of the right deposit at the right time. When/if this happens, juniors can produce returns more in a few days than a major will return in years....
This is what Eurasia Mining have in a nutshell now in the public domain, the pending update will strongly underpin the security of the assets within their mining Licence areas and will tighten the grip on the true asset value.
so it is down to getting the sale execution of the project handover to get full value for everyone, and the BOD have the expertise to get it over the line.
Even if it rolls back into status quo from here ( unlikely ) EUA are a very valuable asset based company.
Anyway, hoping for the best for everyone involved,
?????