The Eurasia Mining (EUA) share price is up 181% this year! What’s going on?

Think about investing £20,000 firstly off January and it now being value over £56,000! That is the expansion some buyers in Eurasia Mining (LSE: EUA) have seen in underneath three months, due to the share price hovering 181% because the flip of the yr.

Over 5 years, although, the share price has tumbled 64%.

Trying again even additional (I’m a long-term investor, in spite of everything), the share has traded in pennies since earlier than the flip of the century, however within the years main up to that, had been buying and selling north of a few kilos per share.

So, whereas Eurasia has boomed in 2025, over the long run, it has destroyed vital worth for shareholders.

What is going on – and has the tide turned?

A brand new yr, a brand new geopolitical surroundings

The tide has turned in a method.

Eurasia has spent the previous a number of years on the lookout for a purchaser for its key belongings, that are mining websites in Russia.

That course of had been going at a sluggish tempo. Eurasia had raised some money alongside the best way, with out which its potential to proceed as a going concern could be uncertain.

The previous a number of months have seen a shift within the worldwide geopolitical surroundings, with the potential of Russia being higher built-in as soon as extra into the worldwide monetary system than it has been because it launched its full-scale conflict on Ukraine.

That might make it simpler for Eurasia to discover a purchaser for its belongings, or doubtlessly a technique to utilise them itself.

Zero substantial firm information, but a 181% share price rise

Nonetheless, is that by itself sufficient to clarify the 181% enhance within the share price seen thus far this yr?

The reply seems to be sure, which suprises me.

Eurasia has not issued any substantive information updates this yr. Thus far, there is no change within the recognized progress of the corporate’s makes an attempt to dump its belongings than there was on the finish of final yr.

So far as I can inform, the hovering share price displays investor hopes {that a} altering geopolitical actuality and its implications for worldwide funding in Russia will assist the corporate unlock worth from its mining belongings – however no concrete agreed sale plan as of but.

I’m going nowhere close to this share

The Eurasia Mining share price is nonetheless in pennies and this yr’s efficiency has actually grabbed my consideration.

However I’ve no plans to speculate. The price enhance feels speculative to me within the absence of any concrete information about progress in the direction of an asset sale.

Eurasia’s mining rights might doubtlessly be invaluable in the proper fingers. Mixed with the speculative environment, that would doubtlessly push the share price even larger from right here.

However as an investor, I see a loss-making firm with a weak stability sheet, no industrial revenues to talk of, a big geographic focus of threat, and – as of now a minimum of – no confirmed exit plan for promoting its belongings.

I might not contact Eurasia shares with a bargepole proper now.