Lucian is short of Eurasia Mining (EUA) and for a host of reasons I think he is right to be short. One of those reasons is a mystery shareholder. Lucian has written to Eurasia’s boss Christian Schaffalitzky and his letter, still not having received a response after several days, follows:
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.
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?
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 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.
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.
Fancy some PGMs? Meet Christian Schaffalitzky the head guy at Eurasia Mining (EUA) presenting at Gold & Bears. Enjoy.
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.