Stick with the RNS .26 Feb 2022 11:14
Market/ stock point of view - very rough week as expected with the developing Ukraine situation & serious volatility & nervous investors ,
Understandable as not one investor , BOD, ii , new war would start & would escalate so quick ,
Anyone saying otherwise is fibbing .
So we are where we are , & Business cogs keep turning & the world money markets keep grinding on .
However the BOD released a very reassuring RNS yesterday which certainly calmed nerves to a certain extent ,hence the 65% recovery , yes it has a long way to go value wise .
So each to there own in these current circumstances,
Very Positive BOD statement ( negative agenda posters desperate to pick holes )
No impact from the new Sanctions
There is no impact on Eurasia's operations or activities. No individual or entity identified in the Sanctions is associated with the Company in any way. The Directors would like to highlight the following:
· Eurasia has no bank accounts with Russian state-owned banks.
· The Company also has no relationship with any Russian state-owned banks.
· Eurasia's production (palladium, platinum, rhodium, iridium and gold) from the operating mines is sold in the domestic market at prices with a market discount to the LME prices fixed in USD, while the costs are mainly fixed in Roubles, whereby a weakening Rouble exchange rate has a positive impact on the bottom line of the Company.
· The Sanctions do not prevent the Company from executing on its strategy as announced.
We are where we are now & keep an eye on the Ukraine crows nest
Rums all Round