Krayl
02 Feb 2018
Re: Info I can't get my head round this company which should be worth 100's of millions and is capitalised at 5 million. What really worries me is that POG is quoted as the example of a success. I have had personal experience of investing in POG. It has been at over £5 and fell to 4p before crawling back to 8p. Not a shining example.
Ripley94
02 Feb 2018
Re: quietly confident of 1p sp 11/12/17.On top of riser table today up 50% quick drop back to 30% . ( 17% spread )Back to price i came in .
alltold9
02 Feb 2018
PIVITAL TURNING POINT! Todays RNS should be the start of the new beginning for EUA. I expect a surge followed by a retrace in early trading, followed by another surge as punters realise the implications of the RNS. Could we test 1p+ today?
HaveADabble
02 Feb 2018
RNS Eurasia Mining plc (AIM: EUA) ("Eurasia" or the "Company"
Monchetundra mine permit update: resolution issued by Rosnedra Eurasia, the London listed platinum group metals and gold producer, is pleased to announce an update regarding the application for a mining permit at the Monchetundra Project on Kola Peninsula, submitted late 2017. A review of the Monchetundra mining permit application has been completed by the Federal Anti-Monopoly Service (FAS) and all relevant divisions within Rosnedra. The official draft Resolution of the Government of the Russian Federation for the mining permit has been forwarded by RosNedra to the Ministry for Defence (MOD) and the Federal Security Service (FSB) for their approval. Highlights: - Rosnedra has approved a draft of the mining permit and has forwarded the relevant documentation to MOD and FSB.- Once the mining permit is approved early stage operations can commence at Monchetundra.- Mining permit application progressing considerably quicker than the company expected. Christian Schaffalitzky, Executive Chairman at Eurasia commented "We are very pleased with this result and the efficiency of the officials at Rosnedra in processing this application. The experience of our staff in Russia, gained from successfully processing a similar mining permit for our West Kytlim Project has proven invaluable. We look forward to providing further positive news in due course." The application has now progressed from Rosnedra, who manage the entire mine permitting process, to the MOD and FSB. Background to the project: Monchetundra is a major Platinum Group Metals ('PGM') and base metals project with state approved reserves plus resources of 2 million ounces of palladium equivalent of PGM with additional base metal and gold credits. A discovery certificate, guaranteeing mining rights was issued to the company in July of 2017. The mining permit application was finalised in Q4 of last year and submitted to Rosnedra (See RNS dated 05 December 2017). As previously announced, state approved reserves and resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes (about 2 million ounces) palladium equivalent (predominantly palladium) at two open-pittable locations, West Nittis and Loipishnune. These open pits also contain significant gold and base metal credits including 28,124 tonnes of copper and 30,410 tonnes of nickel. The full Reserves and Resource Statement is set out in the announcement dated 31 May 2017.To note, for the purposes of correlating the scale of this deposit to other international platinum group minerals and base metal mines, the total in-situ metal value of these Reserves and Resources, before metal recoveries and all costs, is calculated as 2.1 billion USD at today's (Jan 31 2018) metal prices. However, there can be no guarantee that this figure will be achieved by EurasiaFor more information please see our website at; www.[link] Procurement Construction and Financing (EPCF) ContractAn EPCF contract to develop the mine at Monchetundra is already in place with Sinosteel, a state owned Chinese corporation focused on mining, and was agreed in October of 2016 (see RNS dated 10 October 2016. The contract provides for Sinosteel to undertake the mine and processing plant construction and commissioning on a turnkey, commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel with this element of plant construction costs to remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification.Discussions continue with other third-party service providers regarding the running of the mine at Monchetundra. The company hopes
forwardloop
25 Jan 2018
Info www.proactiveinvestors.co.uk/companies/news/190624/eurasia-mining-has-two-million-pgm-ounces-in-the-ground-and-a-finance-deal-to-get-them-out-190624.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-373018-PROACTIVITY+-+25%2F01%2F2018
dkok
24 Jan 2018
Re: Completion of transaction Hi GengSame thoughts and sentiments here. I think that Monchetundra is the key for this share, as it is a huge resource, is in the final stages for the mining permit, has Sinosteel with a major EPC deal, and we have a good increase (with further projected increases for 2018&19) in the PGM basket prices. All the basics are there for a major re-rate/increase in the event of a takeover/buyout.gltadkok
GENG
24 Jan 2018
Re: Completion of transaction Looks like this is in the early stages of a takeover or merger.Have been here for a while, now worth waiting a bit more to see what happens
Totally Wired
24 Jan 2018
Completion of transaction 24 January 2018Eurasia, London quoted PGM and gold producer, is pleased to announce that, further to the announcement of November 2017, Mr Alexei Churakov has now completed the purchase of a 7% minority stake in Eurasia's subsidiary ZAO Kosvinsky Kamen (KK) which solely owns and holds the West Kytlim project. After this transaction, KK is 68% owned by Eurasia.Alexei Churakov is a former Goldman Sachs and Morgan Stanley investment banker focused on mergers and acquisitions and in financing deals in the mining sector. On 20 November 2017 it was announced that Mr Churakov had completed a direct equity investment in Eurasia Mining PLC and that a further investment into Eurasia's subsidiary Kosvinsky Kamen was underway. This transaction has now been completed.Highlights:· US$350,000 in cash, invested directly at the project level by Mr Churakov, representing the purchase of a minority interest of 7% of Kosvinsky Kamen ('KK'), the Company owning the West Kytlim PGM and gold mining project.· Funds to contribute to the Company's 2018 mining plan which is now finalised and funded.· Pre-season preparation including ground works, lease of machinery, staffing, logistics and pre-ordering of consumables to be executed in the coming weeks.From the last audited accounts dated 31 December 2016, KK generated no profit and a turnover of £139,862; the value of the assets of KK was stated as £2.9 million.Commenting on the transaction Eurasia's executive chairman said: "We are most pleased with the level of confidence shown by Mr Churakov in both Eurasia Mining PLC and now also the West Kytlim Project itself. These funds will be deployed to increase our production budget at the West Kytlim project in 2018. Furthermore, we look forward to progressing both our key projects during 2018, by implementing our mine plan for a successful mining season at West Kytlim, and by progressing our mining application for the exciting and much larger Monchetundra Project in the Kola Peninsula."2018 Mining season at West Kytlim The production schedule for the 2018 mining season has now been finalised with the chief use of these funds contributing to Eurasia's 2018 production budget. A significant increase and reorganisation of production is planned for 2018 at West Kytlim with mining to progress at two open pit sites, one mined under contract and the other by Eurasia itself as owner-operator. Mr Churakov is actively involved in planning the 2018 mining season including the introduction of a potential new contractor to operate alongside Eurasia's own operations. The reserves targeted at Malaya Sosnovka in the 2016 and 2017 trial mining seasons remain a focus for the 2018 season, as well as the Kluchiki and Bolshaya Sosnovka mine sites, which are also ready for development. Having multiple sites operating concurrently helps to mitigate the risk of stoppages for maintenance at one operational site.
dkok
15 Dec 2017
manipulation Is it me, or is there something just a little fishy about the fact that within half an hour of the RNS yesterday for the re-scheduling of the loan repayments, the condition of which was that there would be none if the shareprice stayed under 0.34, that the MM's had the share price up to 0.34, where it magically topped off and then receded.Hopefully this doesn't mean that the company have been mugged by Riverfort, but the BoD should be on thier guard and checking the position, and if it turns out to be the case, then they should be looking to get out of the Riverfort deal ASAP.If they need financing then they should be going down the Primary Bid route, which at least is much less diluting to existing shareholders.gltadkok
forwardloop
14 Dec 2017
Info www.proactiveinvestors.co.uk/companies/news/188803/eurasia-mining-amends-us2mln-loan-agreement-so-more-cash-can-be-directed-to-mining-preparation-188803.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-372058-Proactivity+-+14%2F12%2F2017
forwardloop
11 Dec 2017
Re: Interesting times Dilution at low share price[link]
Ripley94
11 Dec 2017
Re: Interesting times Showing down 18% @ 0.23 .. no news.
Ripley94
16 Nov 2017
Re: Interesting times Why not share those rumors Wand ??
Wand Grabitt
15 Nov 2017
Interesting times lots of rumours flying around.
Ripley94
09 Nov 2017
Re: quietly confident of 1p sp OTHi Bantam this one has not done so well... Just had a look at EOG 6.63 when you mentioned that's also cheaper now ( anything changed )Hope Bradford are having better luck ?
