Krayl
01 Nov 2018
Large buy Around 13:30 today there were 3 buys that totalled 22M shares at 40p - that’s £8.8M. Not surprisingly others joined in and the share price finished at 46p - up 16% on the day. There has been no announcement. Does the buyer know something - or is it just taking advantage of the low price?
Krayl
27 Sep 2018
Revenue TDT Taking an agressive one-sided stance for or against a particular share is not my approach, but is a perfectly acceptable way of putting forward your views. Making personal insults against another poster is totally out of order and I hope to see an apology from you. If not then I, as an independent observer, will be reporting you.
dkok
27 Sep 2018
Revenue OK TDT, it is clear that you only have one view of EUA and that can’t be challenged. You are quite prepared to bad mouth anyone who disagrees with your point of view, but cannot see how wrong you are, so entrenched is your view. I have admitted that EUA has been through large dilution, that CS is not good at reporting via RNS in a clear manner (whether intentionally or through incompetence), that the companies reporting/performance at West Kytlim in 2017 was very very poor, but I also note that 2018 is significantly improved, and that taken with the MT asset could give a company value of around 2.5p at some point over the next 12-18months. Whereas, you will do nothing but be negative about EUA, no matter what the company or BoD does. Truly TDT, sell up and go if EUA hurts you that much. You took my comment the other day about not being so gloomy as being condescending. Trust me, it is not as condescending as the comments you have made since, and in actual fact it was meant in a sincere manner, as this is just an investment, it is not life and death, there are bigger things in life and if EUA P’s you off so much, free yourself of it, as it is not good for you. I may have been much more aggressive with you in the past, but I have just been through a situation with my 16yr old son in intensive care for a week or so in the last month, and whilst he is out of the woods now, there are some long term issues. So being so uptight about some metal in the ground in Russia will not do you any good in the long term, so take a chill pill, relax and take time for the important things in life.
TrickyDickyTwo
27 Sep 2018
Revenue I’m not really too sure what the point of that last post was. If anything it only shows you up to be even more clueless than I first thought. They say you should never argue with an idiot becuase they’ll just drag you down to their level then beat you with experience. I think that desciption fits you remarkably well dkok. TDT
dkok
27 Sep 2018
Revenue TDT - You are a wagg
TrickyDickyTwo
27 Sep 2018
Revenue Here’s some simple facts for you. Go to page 7 of the April 2018 presentation, link attached just in case you don’t have it. dropbox.com 2018_04%20Eurasia%20Mining%20copy.pdf Eurasia claims 55,894 kg (1.9m oz) of “palladium eq†(the eq stands for equivalent). The table on that page then goes on to list all the metals that makes up the palladium equivalent total. I presume you know what this all means? Firstly, precious metals are valued in troy ounces as you know. If you cnvert 55,894 kg you get 1,797,033 troy ounces not 1.9 or even 2m as reported on page 4 of the same document. There is almost 2m imperial ounces in 55,894 kg but nobody measures or values precious metals in imperial ounces. That’s the first piece of misleading information. Second, Eurasia will be toll smelting the ore from Monchetundra. I presume you know what that generally entails? It means you lose any credits for the minor metals and you generally only get 70% of the value for the main metals. On page 6 they claim “1.9m oz 2 PGE (Pd + Pt)†yet page 7 claims 30,019kg of palladium and 15,495 kg of platinum. Does that not jump out at you or haven’t you read the presentation and the RNSs? How do you get 1.9m ounces of Pd+Pt from these figures? In the same table on page 7 Eurasia refers to C1+C2 Reserves and Resources. I presume you know the difference between the two. A reserve is economic to extract a resource is a deposit drilled to a stated degree of confidence (measured, inferred, indicated). A resource is not necessarily economic to extract. That’s just one presentation. Go through the RNSs and look at the comments from Schaffalitzky on funding, share issues, the timing of the Monchetundra license. Instead of focusing your ire on me you should be directing it at Schaffalitzky. It’s the shoddy, inaccurate and highly misleading reporting that’s holding this share price back. You might not have picked up on these issues but the more switched on have. And in case you haven’t twigged just yet my posts aren’t directed at you or any other poster on any bulletin board. They’re directed at the company. TDT
dkok
27 Sep 2018
Revenue I Agree Krayl in terms of the general sentiment on the either bust or money on this one, I know TDT will say the former, but I think that the most likely is for Monchetundra to be bought out of EUA. We may get 10% of the reserve value at best in that case, so maybe around 6p a share, but that I think really is at best. However, I think the more likely route is a similar model to West Kytlim where a 3rd party does the mining for 65% of the return, and EUA gets the remaining 35%, butthis will be spread over many years and the SP would then reflect that which is where I was getting a 2p SP from in my previous post. I don’t think we will go bust, as I think there are a couple of very well connected major shareholders in this company, but the danger is, particularly in Russia, that there will be manipulation to maximise the benefit to those at the expense of the more ordinary retail PI. I have a couple of million shares in this at around the 0.58 level, so whilst it would be a bit of a begger if it di go end over apex, it isn’t enough that would cause me to worry unduly, but is enough to make a decent return if we get a double up or a three to four bagger. glta dkok
Krayl
26 Sep 2018
Revenue dkok Thanks for your reasoned and sensible reply. I think you are trying not to get carried away but the two most likley situations are that either it bombs or it makes a sh** load of money. When you have a £7m company with a controlling interest in a $155M investment and a $2B reserve, a middle road of a small profit is not the most likely outcome. I have a fairly substantial holding at an average price of 0.52p, within the ‘gambling’ part of my portfolio. It is certainly the one that keeps my interest!
Ripley94
26 Sep 2018
ii EUA… This is oldest link of mine i can see , July 15th 2015 , further 1st Augusta 2016 and 11th December 17 . Looks like back to where i once bought after recent daily uptrend .
dkok
26 Sep 2018
Revenue Hi Krayl I think there are a couple of things that need to be taken into account. Firstly, the majority of the asset in Monchetundra is not actually Platinum, it is Palladium, and as such this is at $1060/troy ounce, not down at £833 where Platinum is. Secondly, if EUA or Monchetundra was such a crock of SH… that some would have us beleive, then why have Sinosteel entered into a $155m EPC contract for it, so I take an alternative view than TDT. The simple fact is that Monchetundra itself is worth around 2p a share (even with the 2.5B shares, and West Kytlin adds about the current shareprice in value (particulalry as actual recovery rates are exceeding the projected reserve rates), so we are in the region of 2 to 2.5p as a potential fair value. This is six times the current shareprice. I am not expecting this to be a ten or twenty bagger as some ramper types would spout, but I do think there is a reasonable chance of getting two to three times the current shareprice out of it, and with luck maybe a 5 bagger. But to be honest, if I end up doubling my investment in a two year period then that is still a pretty good return to me. No rose tinted glasses, just a reasoned view. That is what I based my invetsment / gamble on (lets face it, you don’t invest in an AIM listed Russian miner for safety do you!!!), and time will tell if I was right or not. No one else to blame if it was the wrong decision, no-one forced me to do it, and no need to endlessly diss a company that I thought may be a reasonable bet at the time that I invested. However, if my game was to short the feck out of EUA, then maybe I would have a different view. It isn’t so I won’t.
Krayl
26 Sep 2018
Revenue DKOK I accept your figures - and it worries me, but the capital value of the company is £7.5million and they own a mine containing $2billion of platinum so there is a disconnect here somewhere. Maybe we are just waiting for someone to take it over.
TrickyDickyTwo
26 Sep 2018
Revenue dkok The suggestion that Amur and Eurasia are in some way similar is errant nonsense. I am not aware of anything that Amur has published about their resource that’s misleading. They haven’t issued an aditional 1 billions shares in 28 months, 500million shares in 6 and they haven’t lined their own pockets with cheap shares either. The 2017 shambles at West Kytlim has no comparable at Amur. Eurasia did their due dilegence on their contractor, appointed them, then fired them less than 12 months later. In that time they hid from investors price sensitive news that should have been released to the market. As for your patronizing comment “I can see that other than CS personally recompensing you for your obvious losses in this share, that nothing that the company does will change your mind. Oh well, let it all go, its not good for you to dwell on it, it will only drag you down.†What you are really saying here is shut the feck up, I want people to buy into this share to pump it up so I can bail out. I doubt I’m the only one sitting on a loss here. The only thing that drags me down is people like you. You’re not interested in a honest and open discussion that explores a company, warts and all. Like so many PIs you’re only interested in a discussion that encourages other PIs to buy into the shares you are already in even if you’ve discovered, in the interim, that what you originally bought into happens to be a pile of shite. I research my investments. I post what I find and I base my views on what I find. I doubt you can say the same. TDT
dkok
26 Sep 2018
Revenue TDT I can see that other than CS personally recompensing you for your obvious losses in this share, that nothing that the comapny does will change your mind. Oh well, let it all go, its not good for you to dwell on it, it will only drag you down. You don’t seem to be as down on AMC which your comments on EUA could equally be applied to that BoD, in terms of doubling of shares in issue and significant reduction in SP over the past couple of years, yet you are fully in support there? I know that KM is a potentially huge resource, but the costs to get it going are also high.
TrickyDickyTwo
25 Sep 2018
Revenue Dkok I don’t know where to begin. There’s so much that’s wrong with this company it would run into volumes to do is justice. I’ll restrict this post to a couple of issues. The reporting of reserves! In their April 2018 presentation they stated that their reserves at West Kytlim came to “2,298kg (81,000 ounces Raw Platinum)â€. What would most PIs assume when trying to establish value from these figures? They’d assume 81,000 ounces x the current price of platinum would they not? The problem is 2,298kg. is not 81,000 ounces. All precious metals are valued in troy ounces. 2,298kg is 73,882 troy ounces. Eurasia quoted imperial ounces. Raw platinum is about 70% of refined LME grade platinum. What we have with Eurasia is them overstating the number of ounces then reporting raw platinum which is about 70% in LME grade platinum. In other words, they are overstating what they have by 40%. You do realise that if you toll smelt, which is what Eurasia is doing at West Kytlim, you lose the minor metals? Toll smelting will take around 30% of the value of the PGMs. They will not get any credit for the nickel and copper going down the toll smelting route. Shares in issue! 28 months ago just over 1.3 billion, now just over 2.3 billion. In just over 6 months shares in issue has increased by 500 million. The NPV of Monchetundra 28 months ago was about 4.5p. It’s now in the region of 2.5p. There has been a catastrophic destruction of shareholder value largely as a result of sheer incompetence. 2017 was a wasted year that cost investors dear. Had a management team presided over a shambles like this in any other walk of life they would have been booted out the door. Give them some credit! For improving performance from last year! They were the ones who caused the problem in the first place. Rewarded for success, rewarded for failure. Same old same old. In the meantime PIs get fecked sideways. The best that’s going to happen here is we will get a bit of an uplift when/if the Monchetundra license gets awarded and it will present and opportunity to bail out. Definitely in the bottom 10% of AIM listed companies. TDT
TrickyDickyTwo
25 Sep 2018
quietly confident of 1p sp How to describe Eurasia Mining? Perennial disappointment, basket case, disaster? Which one fits best? 2.3 billion shares now in issue and a CEO who seems to be totally incapable of releasing an RNS that gives a clear and honest picture of what’s going on. With the mountain of 0.34p shares from warrants and loan settlements out there together with un-exercised warrants at 0.6p waiting in the wings what chance 1p? If it ever does happen it will not be this year. 2019 perhaps? That would give Schaffalitzky another 12 months to turn things around. Does he have it in him? The past is often a very good indicator of what is likely to happen in the future. TDT
