AEX Gold – drilling results further demonstrate ‘very encouraging’ potential, Buy, shares will more than double
From sub 20p at the start of this month, shares in Eurasia Mining (EUA) last closed at 37p – and today a “Statement re Share Price Movement”...
Well, you cannot say that you were not warned by Tom Winnifrith. So much for the dividend, so much for those much vaunted asset sales via Chinese CITC bank, so much for all the ramping by people apparently close to the company. This morning a bailout placing has been announced by AIM-listed Eurasia Mining (EUA) to raise £7.6 million, to “institutional” investors. So are we talking about Warren Buffett? I doubt it!
Eurasia Mining (EUA) shares were suspended months ago because it was unable to clarify speculation that Chinese Bank CITIC was engaged to try to sell its assets, something it first suggested was happening about nine months ago. Today it clarified, the shares were unsuspended and have rocketed. Its ouzo time for the Bulletin Board morons today but for how long?
The continuing suspension of Eurasia Mining (EUA) makes no sense at all, at least not without another statement from the company on why it is still suspended. What is happening now is in clear breach of AIM rules. Thus an upstanding and concerned citizen who is, I believe, short of the shares though that is irrelevant has written to morally bankrupt Nomad SP Angel and the Oxymorons at AIM Regulation, demanding that rules be adhered to. The letter is below:
I have noted many times before that SP Angel is so utterly desperate for clients to fund the coke and hookers bills that it will act for any corporate even a brazen fraud like MySquar (MYSQ). It is morally bankrupt and, without doubt, London's worst Nomad. As such with WH Ireland having quit as Nomad to Eurasia Mining (EUA) over the lying and other matters there was only one Nomad to go to, only one that would act for a company like this.
If morally bankrupt Nomad of choice for fraudsters SP Angel has not agreed to act for it by Friday, Euasia Minining (EUA), whose last Nomad quit in disgust at Eurasia's antics, will see its shares slung off the AIM casino. I wonder if even SP Angel might find acting for this company, valued at suspension at a ludicrous £200 million, a step too far.
Just before the long Easter weekend, Eurasia Mining (EUA), shares in which have now been suspended for more than two months, issued a partial ‘fess up. As I flagged up almost two months ago, Nomad WH Ireland has indeed resigned but why?
As someone who occasionally shorts companies, particularly on AIM, my goal is to find companies which are total frauds and so their shares ultimately prove worthless and I get 100% profit. However, I also like to short what I term "stock promotions", where management and/or shareholders have used various methods to get the stock to levels which are impossible to justify. On AIM, a stock promotion can take companies which are essentially worthless to a value of several hundred million pounds, depending on the story being spun.
An article has today appeared in the Russian press and has now been picked up on Bulletin Boards. It is damning evidence that Eurasia Mining (EUA) is itself the source of rumours that created a disorderly market and share suspension. How on earth can the FCA and the Oxymorons at AIM Regulation tolerate this? Surely a statement on various rumours detailed HERE, is needed now. The sixth and critical paragraph of the article with my underline and using google translate is below.
Nine days ago shares in Eurasia Mining (EUA), having rocketed to 7.3p were suspended following “social media” comments which we revealed to be a suggestion that after months of promising to sign an engagement letter with Chinese bank CITIC, that it had signed and was well on the way to making massive disposals. Since then amid a lack of news there has been nothing and he rumour mill is in overdrive. A statement on some of the rumours is needed now as some investors fear they may lose everything while others consider how many Porsches they will be buyng. So what are the rumours?
Since Tuesday morning shares in Eurasia Mining (EUA) , a darling of the bulletin boards and the star performer on the AIM Casino so far this year, have been suspended. The longer the suspension lasts the more extreme conspiracy theories, both bull and bear, do the rounds. The company made one brief statement on Tuesday afternoon:
Two sources whom I trust told me that Eurasia Mining (EUA) was doing a placing via Optiva. And so I ran the story, first giving the company the opportunity to comment, an opportunity it passed up on. The shares had been falling for a few days and that is normally a good sign, on the insider dealing plagued market that is the AIM Casino, that a placing was underway. So I guess a few folks sold on the basis of the article. Fear not folks, count it as a lucky escape.
Updated: Eurasia Mining (EUA) boss Christian Schaffalitzky talked about a dividend, PR guru the Sith Lord Zak Mir was told to suggest on a secret chatroom that directors would be buying millions of pounds of shares in the market and the shares zoomed.
At 3.4p Eurasia Mining (EUA) is a company shown to have lied to investors, with zero balance sheet support and which is burning cash. That is why, it needs to do a placing. Yet it is still capitalised at £92 million. So, what are the shares worth? I asked you for the craziest examples of Bulletin Board Moron madness last week and while there were some great spots as you can see HERE, Evil Banksta came up with the gem below:
Last night I was flamed on twitter by a host of Eurasia Mining (EUA) investors, a group who made your average Versarien (VRS) investor look like a true multi brained genius. I kid you not. One wanted me to hire him as a journalist as he had posted a few comments on BBs about Eurasia and that, he thought, qualified him. Another said I couldn;t be a proper journalist if I did not interview Eurasia, preferably by flying to the Indaba coke and hooker fest. And so it went on. The fact that Eurasia lies to investors ahead of fund raises & abuses market rules in private chatrooms was dismissed as irrelevant. Anyhow this is a hint as to where to seek out a winning entry in this week's contest. What is the most moronic post you can find on the ADVFN, iii or LSE Asylums or on twitter? Entries should be posted in the comments section below with a deadline of midnight on Sunday 26th.
Lucian Miers and I have covered Versarien (VRS) many times, looking at the maths as to why the shares, at 79.5p having fallen back a good bit, are still monstrously overvalued. It was one of Lucian’s sell tips of the year HERE and he, and I, reckon that fair value is sub 10p. Eurasia Mining (EUA) is another AIM casino ramp which, on fundamentals, looks to be massively overvalued. I would not be a buyer of the stock even if it fell by two thirds from the current 4p.
All the signs are that AIM Regulation and hapless Nomad Canaccord is clamping down on the private Versarien (VRS) chatroom inhabited by Neill Ricketts and his Versarien cronies after shocking revelations like this HERE. However Winnileaks now has material from a similar chatroom on the private Telegram platform where Eurasia Mining (EUA) boss Dmitry Suschov and his proxies are "at play".
@THeAIMClown is long of Eurasia Mining (EUA) though he doesn't declare as such as he drones on ad nauseam about how cheap its shares are. But he demands to know on twitter of, the wrong, Gary Newman and myself if we, our families, friends or associated parties are short. Where to start?
Often pump and dumps only last a matter of a few days or even hours, but occasionally when it is more than just small private investors involved they can go on for a long period of time, and that certainly appears to have been the case with Eurasia Mining (EUA)...
Eurasia Mining (EUA) is a company that I’ve been following for the past five years or so, but during that time, other than the occasional spike, the share price has done very little, and up until a few days ago you could have bought for around the same price as when I first covered it. The share price has more than tripled in the last few days though, to a current level of around 1.9p, following news that the company has engaged two large banks to help it assess the possibility of selling its assets and basically becoming a cash shell under AIM Rule 15...
At a personal level I have always had a lot of time for Christian Schaffalitzky but am off the pace on news from Eurasia Mining (EUA) although staring at the world map on the wall in Joshua's room just above the nappy changing mat I finally worked out yesterday, as I changed an absolutely disgusting nappy, where it is that Eurasia operates. You probably did not need to know that. Over to Christian.
In this video from the storming success that was the 2017 UK Investor Show, Keith Byrne, geologist for Eurasia Mining (EUA) is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
I’ve been following the antics of Sanderson Capital Partners for a while now and yesterday’s latest shocking funding deal with Eurasia Mining (EUA) has tipped me over the edge and forced me to write.
Eurasia Mining (EUA) has been a favourite of mine for a couple of years now and it looks as though the long wait is finally about to come to fruition as production gets underway and that will send the share price zooming ahead.
We are shareholders in Eurasia Mining (EUA) in a pretty decent way and so we are biased as to the investment case. But you can make your own mind up by watching its boss Christian Schaffalitzky, presenting below.
Junior miners have had a hard time in recent years, and although many are best avoided, it doesn’t mean you should ignore them all.
And the next video interview from Gold & Bears is with my friend Christian Schaffalitzky the head honcho at Eurasia Mining (EUA). Enjoy.
Fancy some PGMs? Meet Christian Schaffalitzky the head guy at Eurasia Mining (EUA) presenting at Gold & Bears. Enjoy.
Eurasia Mining (EUA) has seen its share price drop back in recent weeks, but now offers a good opportunity to buy the shares. Here is why.
John Meyer of SP Angel this morning comments on Aureus Mining (AUE), Eurasia Mining (EUA), Metals Exploration (MTL), North River Resources (NRRP) and Stratex International (STI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Featuring Amur Minerals (AMC), Anglo Asian Mining (AAZ), Eurasia Mining (EUA), Sefton Resources (SER), Xtract Resources (XTR) and Westminster Group (WSG).
Featuring Camco Clean Energy (CCE), Eurasia Mining (EUA), Frontline (FRO), Globo (GBO), Surgical Innovations (SUN)
Eurasia Mining (EUA) is a company that I tipped here at just below the current level nearly a year ago, and I still see it as a speculative buy. I had a chance to have a chat with the company at the UK Investor Show last weekend, and everything seems to be progressing as planned with its platinum projects in Russia.
As managing director of a company which has lost 99% of its stockmarket value in 18 years, Irish mining entrepreneur Christian Schaffalitzky is cheerfully upbeat about prospects as AIM dog Eurasia Mining (EUA) prepares to take its Urals Alluvial Platinum (UAP) project in western Russia into production, at long last, next year. The company, whose shares have crumbled from a 1996 float price of 310p to a barely visible 0.58p now, is also looking for partners to develop another, larger Russian palladium and platinum project at Kola, south of Murmansk near the Finnish border.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Christian Schaffalitsky of Eurasia Mining (EUA)
Sometimes taking a gamble can pay off and I think that could be the case with Eurasia Mining (EUA). In every share you hear of people who got in at a very cheap price before it really took off, and if you are considering an entry into platinum miner Eurasia, then this is the time to do it with the share price back at its lowest levels since summer 2012.
Search ShareProphets |
Recent Comments |