On 29 December 2025 Eurasia Mining (EUA) announced the sale of its West Kytlim asset which had said was worth $251 million for just $9 million. It came up with a complex strategic rationale for this firesale disposal which was nothing to do with the fact that it continues to burn cash and was running out of dosh. On 15 January, a hastily convened GM approved the sale. Wind forward to…
Dr Michael Green, disgraced after he was outed as the mastermind of the Sefton Resources (SER) dirty tricks campaign against me is at it again…
At every level the news that Eurasia Mining (EUA) has sold its West Kytlim PGM asset for $9 million is laughable and anyone owning, indeed not shorting, shares in a company, at 4.25p, valued at £135 million is insane.
Today is the sixth anniversary of that fateful day when Eurasia Mining (EUA) formally told shareholders that it was going to put its assets up for sale.
Disgraced Jerry Keen of Georgina Energy (GEX) and Touchstone Exploration (TXP) infamy has hired as his small cap mining analyst Dr Michael Green a man whose biggest claim to fame was to be the driving force of the Sefton Resources (SER) dirty tricks campaign against myself and Dan Levi as we exposed the fraud and theft at the heart of that company. For money, Green is happy to go into bat for criminals.
There were Frank and Britain’s Buffet, Mark, itching to buy shares in Eurasia Mining (EUA) as they raced ahead to almost 8p just a few days ago, I urged them to resist the temptation. So what if a company with sub economic assets, a track record of lying, no cash and a death spiral in play was capitalized at £200 million +, the shares are going up and up and the Telegram groups say they are going higher. After the pump…
Eurasia Mining (EUA) has announced a webinar next week. The webinar will take place almost five years to the day from the infamous RNS where Eurasia lit the touch paper on the supposed takeover and so permitted the biggest deception ever seen on AIM.
I suppose that spoofing your shareholders can’t be that hard if collectively they have the IQ of your average park bench. But, even so, surely even Eurasia Mining (EUA) could not have thought its latest RNS would fool anyone.
After hours Friday Eurasia Mining (EUA) finally published calendar 2023 accounts and also gave detail of an “interest free” loan from the man behind collapsed Beaufort Securities. As I explained here on Saturday the interest, via fees, could actually be 42.5 % meaning that even at a conversion price of 2.7p, the lender can convert, sell and make out like a bandit.
Good news. It means that folks can start shorting the shares again before Sharestock. At a 2.3p share suspension price the market cap is a bonkers £66 million.
Having previously warned that it would run out of money in early Q3 ( i.e. July) , Eurasia Mining (EUA) now says that its gig with the Fat Lady has been delayed until November. It does not explain how it has prolonged the agony, presumably not paying some of its bills has something to do with it. And there is more bad news.
Eurasia Mining (EUA) shares remain suspended at 2.3p, a £66million market cap. The ostensible reason is that it cannot get its Annual Report for calendar 2023 signed off by the Auditors although it promises that will happen this month. The excuse for the delay, checking inventories, is as I explained here pure bullshit. The real reason is that, by its own admission, Eurasia must be bust by now and surely that merits a statement. I have written to the Oxymorons at AIM Regulation.
I flagged up last week that Eurasia Mining (EUA) had promised that its delayed Annual Report for calendar 2023 would appear by Thursday and it had not. Naturally, head honcho Christian Schaffalitzky, disgraced fraud enabling Nomad SP Angel and morally bankrupt, journalist defaming, PR scumbags Yellow Jersey of Canadian Overseas infamy did not give a FF about timely disclosure so waited until yesterday afternoon to ‘fess up.
On June 27 Eurasia Mining (EUA) warned that it could not get its annual report out by June 30th and thus that its shares would be suspended as of July 1. As I explained HERE, its excuses did not wash. But Eurasia did promise that the report would be out within 4 weeks.
Yesterday late afternoon Eurasia Mining (EUA) warned that it would not be able to publish its calendar 2023 accounts by the end of June and thus that its shares will be suspended on Monday. But its excuses just do not wash, in light of recent share trades this all stinks.
