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Eurasia Mining – so much for the dividend and asset sales: Placing at 22.5p to raise $10m...

By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 18 August 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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!

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