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Eurasia Mining – this makes no sense and is not good enough: placing ahoy at an £89m box of frogs

Tom Winnifrith
Monday 20 April 2026

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…

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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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