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DownwardSpiral

Eurasia Mining #EUA

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Plenty of news flow at the moment. Platinum group metal junior mining company that is making moves to exploit its in ground palladium (Russia). Have put a bit of cash in sub 0.9p as a punt but hoping not to get a spike up my arse. Going to watch it closely next week. RNS has stated that a Chinese investment bank (CITIC) and a Russian investment bank (VTB Capital) are assisting EUA with strategic options for their assets, and are doing so on a success fee basis. 

Two main concerns for me are 1) the vagueness of how much Palladium they are sitting on: two Moz is now all of a sudden “about” fifteen Moz when they include their flanks. 2) No guarantee of a sale or if no sale comes “soon”, investors will lose interest and down it will come.

There is always the ever present threat of pump and dump, of course!

Edited by DownwardSpiral

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Still not sure what the end game is for #EUA but am still in and enjoying the ride. Another 67% increase in SP today (UT though closed around the 1.8 to 1.9 mark). May all end in tears tomorrow but may set up an enjoyable Christmas!

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