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Good companies just do not behave like this – non financial red flags at Eurasia and Versarien

Tom Winnifrith Saturday 18 January 2020

 

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Lucian Miers and I have covered Versarien (VRS) many times, looking at the maths as to why the shares, at 79.5p having fallen back a good bit, are still monstrously overvalued. It was one of Lucian’s sell tips of the year HERE and he, and I, reckon that fair value is sub 10p.  Eurasia Mining (EUA) is another AIM casino ramp which, on fundamentals, looks to be massively overvalued. I would not be a buyer of the stock even if it fell by two thirds from the current 4p.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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Xtract Resources – Calamity Bird does it again: another forward sold placing with spiv bucket shop Novum plus dirty dealings by ex Beaufort boss and there was just no need!

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