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Eurasia yet again promises a dividend and then does a placing: this is the act of shysters!

By Tom Winnifrith | Thursday 20 May 2021

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.

Eight days ago, Eurasia Mining (EUA) said that it was in talks with a credible party which had made an offer to buy essentially all of its assets and that if the deal went through it would become a cash shell after paying a “significant” dividend. Guess what? Today there is a $20 million placing. For such. Almost criminal. Spoofery to happen once is – on AIM – understandable, twice looks like carelessness.

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