After the longest formal sales process in UK stockmarket history (315 days), Eurasia Mining (EUA) announced on May 14 that it had received no actual bid. But at least the hope of one had allowed it to get a bailout placing away at 22p, notwithstanding pledges months previously that it would be paying dividends. Then what happened?
Oh dear, Oh dear. Last week I exposed the private Discord chat room where Versarien (VRS) shareholders discussed how to leak inside information, Neill Ricketts told folks what to post on Bullettin Boards and the groupies discussed how to deal with me. Well guess what?
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.