UK 12:47 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
After hours yesterday Eurasia Mining (EUA) insisted that it faced no impact from the sanctions imposed on Russia by the EU, UK and US. A few hours later Russia launched air and missile attacks on Ukraine and tanks started rolling in for what looks like a full invasion. Eurasia shares have slumped this morning by another 31% to 11.6p but that still values this company with minimal revenues and a monstrous cash guzzle at £349 million or almost £400 million on a fully diluted basis. That is crackers and here is why.
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