95% this year, why the price of Eurasia mining (USA) shares has now crashed?

In the last three weeks or so, the Eurasia mining (LSE: USA) The price of shares has been blocked 42%. In spite of that, the price of US shares remains 95% higher That was at the beginning of the year.

What is happening and the last fall could be an opportunity to add participation to my portfolio?

Much hopes but limited news

In fact, nothing It has been happening. Rather, it is the main focus of recent years, that is, try to download its Russian mining assets.

The strong movement in the price of the shares might seem to suggest that there has been some action on that front. However, in reality, the company has not made substantive ads this year when it comes to progress in its attempts to sell the assets.

However, that does not mean that everything has been quiet in other areas. Eurasia announced last week to plan a new participation in an effort to boost its working capital, which allows you to finance the costs of maintaining your list in the London stock market, as well as acquiring a list in the Kazakhstan stock market.

While that news is interesting, without any income from its mines, Eurasia needs effective to continue running, does not shed light in one way or another about the big question of whether Eurasia can find a buyer for his Russian assets and, if so, at what price.

High degree of uncertainty

So why has the price crashed? In part, it reflects the continuous waiting of substantive news. After all, if Eurasia cannot sell its assets, it will probably continue to fight to monetize them effectively. This reflects the various sanctions currently in force and much less the fact that the mining assets that they currently have are not productive at a commercial scale.

The proposed kazajas list may also have scared some investors, since they reflect on what it could ultimately mean for the London list.

For now, Eurasia has not suggested any plan to expel in London, but the kazajus list adds a new layer of complexity for a business that is already dealing with a challenging geopolitical landscape for its business.

I see this as inversely to me

Even so, the fact that Eurasia has managed to sell millions of pounds in new underlined shares that some investors continue to see a potential value here. The same is true because of the fact that the price of US shares has almost doubled in just three months.

I can see what they are excited: if Eurasia can sell their Russian assets at an attractive price, its current assessment could be raised. That would probably increase the price of the action.

But we have no idea what will happen. Eurasia has been trying to sell the assets for a while already, in the market of a buyer. To date, it has not been successful in that effort, and there is a risk that it is not in the future.

I keep seeing this as speculation more than investment, so I will not buy any Eurasia action for my portfolio.