Eurasia Mining plc

Brendie, Sheds, Tywocky, Budgie et al,

HAPPY NEW YEAR, by the way when will investors start realising that EUA has POTENTIALLY vast PGM deposits in Russia?

Referring to Frank Sinmba's post, when will the EUA management start informinf investors of the scope of their PALLADIUM deposits, sick and tired of waiting now!

from www.ft.com:-


Palladium at new high in thin trade
By our markets reporter
Published: December 29 2000 20:21GMT | Last Updated: December 29 2000 20:27GMT



Light trade during a shortened trading week at the year's end tends to exaggerate price movements on the commodity markets.

This time palladium shot to yet another record high of $972 an ounce in very thin trade on Wednesday, on the familiar worries about Russian exports.

The autocatalyst metal fixed down $16 at $956 on Thursday afternoon, and on Friday failed to fulfil some traders' predictions that it would hit $1,000 before the new year by fixing at $954.

However, Ross Norman of thebulliondesk.com said the metal's strength "flies in the face of General Motors' plan to reduce palladium requirements by between 40 and 60 per cent".

Base metals were weak, with aluminium failing to hold early gains prompted by another output cut.

The latest US smelter to cut production because of soaring energy costs in the Pacific North West is Golden Northwest, which is cutting annual output at its two smelters by about 120,000 tonnes: 78,000 tonnes at Goldendale plus 41,000 tonnes at Dalles. Nearly 800,000 tonnes of total capacity of 1.6m tonnes in the area has now been mothballed.

Calls for January Opec supply cuts spurred a post-Christmas bounce in Nymex crude oil futures on Tuesday but a day later they returned to their downward path.

Prices on both the International Petroleum Exchange and the New York Mercantile Exchange continue to remain under pressure after losing $10 a barrel during December - despite further crude and distillate stock draws in the US.

Crude stock data from the US Department of Energy showed a draw of 1.3m barrels, but less than the unexpected stock draw of 2.059m barrels for the week ended December 22 reported by the American Petroleum Institute late on Wednesday.

The DOE distillate stocks data showed levels down 1.5m barrels at 114.7m barrels, in line with the API's report of a 1.856m barrel decrease.

The February Brent contract last traded 21 cents higher at $23.99 a barrel while the equivalent Nymex February contract was $26.56, a rise of 71 cents.

Brendan were half the EUA share capital around your gaff celebrating New Year's Eve?

Did we win the Dec ADVFN TROPHY?

Cheers & happy New Year from Malaysia

Ashley