Think about investing £20,000 in the beginning off January and it now being value over £56,000! That’s the development some traders in Eurasia Mining (LSE: EUA) have seen in below three months, because of the share price hovering 181% for the reason that flip of the yr.

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

Wanting 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 important worth for shareholders.

What’s going on – and has the tide turned?

A brand new yr, a brand new geopolitical setting

The tide has turned in a technique.

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

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

The previous a number of months have seen a shift within the worldwide geopolitical setting, 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 battle on Ukraine.

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

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

Nonetheless, is that by itself sufficient to elucidate the 181% improve within the share price seen to this point this yr?

The reply seems to be sure, which suprises me.

Eurasia has not issued any substantive information updates this yr. So far, there isn’t any 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 remains to be in pennies and this yr’s efficiency has actually grabbed my consideration.

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

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

However as an investor, I see a loss-making firm with a weak steadiness sheet, no business revenues to talk of, a big geographic focus of threat, and – as of now not less than – no confirmed exit plan for promoting its belongings.

I’d not contact Eurasia shares with a bargepole proper now.