By Tom Winnifrith & Evil Banksta | Wednesday 2 March 2022
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.
This morning’s RNS from Eurasia Mining (EUA) smacks of desperation. It’s missing any update on the only topic that shareholders are interested in: the sale; or the “liquidity event” as Eurasia referred to it in its 14th of February RNS. We’ve repeatedly highlighted issues with the supposed sale here on ShareProphets, but it should now be crystal clear that the political risk in Russia is off the chart, meaning that no non-Russian company is ever going to buy a mining asset in Russia! And any Russian company will simply do what Putin tells them to do.
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