Eurasia Share Price Increase

 Eurasia Mining Plc is making a speedy recovery back to the £0.30 share price region we saw prior to Alexei Churokov selling 27,400,00 shares which caused the SP to plummet nearly 50% last week. Eurasia released an RNS to confirm that the sale of Mr Churokov's shares were to cover an immediate cash call and was not related to the sale of Eurasia but the Company and its professional advisers continue to work on the Formal Sale Process as recently reported via RNS of 14th January 2021.  The market has experienced a flurry of phenomenal buy orders, some exceeding a share price of £0.2575, and very few sells in comparison.

Eurasia has seen a share price increase of 10.39% since the start of the trading this morning and midday. The reasons for this is still unclear without any official statement provided by Eurasia, however it is rumoured on social media that the sale has been completed and we are to expect an RNS imminently. 
Eurasia's shares were temporarily suspended from trading on 11th February 2020. Nearly a year on, could we be looking at a repeat suspension, this time announcing the sale of Eurasia. 

Norilsk Nickel is considered the favourites to buy Eurasia, it is a coincidence that today they also announce that they will be hosting a conference call on the 16th February 2020 for investors and analysts at 14:00hrs GMT. 
They have supplied options to dial in from Russia, USA and the United Kingdom. They have Norilsk Nickel have confirmed that the conference will be held in English and in Russian. Although the conference call has been said to report on the results for the year 2020, following the publication of the Q4 Results on 29th January, it is possible that this conference provides the opportunity to announce the purchase of Eurasia.
Norilsk Nickel did also host a conference on 26th February 2020 following the publication of the Q4 Results and announced on the same day, prior to the conference being held, that they had signed a contract for the Nadezhda Metallurgical Plant, known as the Sulphur Project. 

Eurasia is now in possession of the approved Definitive Feasibility Study in relation to the West Kytlim mine, which adds additional value and scope to the sale price. This was confirmed via RNS on 21st January 2021. 

At this moment in time, the sale proceedings remain protected under a non disclosure order, therefore no official statement can be released should this theory be accurate, however we can assume that Norilsk Nickel will use the same practice to announce any updates leading up to this event.

Regardless of the cause of the share price increase, let's enjoy it and wait patiently for the all important RNS to be announced, whenever that may be.