London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
…$2283
Another Trade Coming @ 0.27 …. Deck Clearing Day ….
Yep …Off Exchange …….Trade …..Someone’s Sweeping up
I see a cheeky little 10m buy showing up after hours....been worked through the day
Mental..... AJ's consultancy fees were on top of a £30k base salary which is way under market rate. His total pay of £80k is more like it and not unreasonable.
Other than that there were £1k of consultancy fees which was a huge improvement on the previous year's consultancy p*** take.
As for the £200k total salary , this has been largely removed as a cash drain for 2024 (apart from AJ who will be taking a salary now he is no longer on the board) due to the salary sacrifice.
..........still looking for the conspiracy mental😏
'taken no salary only shares'
Well the new boys maybe but 2023 accounts show salary/consultancy fees of £203,294 for employees on the whole (With AJ taking £51,644 consultancy fees on top of salary!) - Still mouths to feed moving forward regardless cuts.
''The Company made a loss for the period of £1,772,670 before taxation and foreign exchange adjustments. Nonetheless, the Company held bank balances of £84,338 at the year end.'' - That's a big loss for the results we ended up with ffs and AH doing a runner! - Incidentally, at a glance of employee expenses for the recent periods I can't see anything for Haythorpe? Was he working for free? I probably missed it?! Seems odd.
Accounts were for period ending September 2023, keep up ffs.
Accounts which are 6 months out of date lol
Since then they've raised nearly £1m, stream lined business, completed one round of drilling, sold a rig to provide work cap costs for the next year, taken no salary only shares, fully funded for the rest of the year with 2 major drilling campaigns lined up
I mean the list is endless. What a stupid comment
Flushed out any impatient fast money. Discount 10% below recent placing. I think from here things get VERY interesting. Big upside
Based on accounts
"Nonetheless, the Company held bank balances of £84,338 at the year end" This shows just how close the company came to administration, roughly one months cash burn. Freighting!
I have a sneaky feeling this will come good. Currently the underdog, not a sausagedog! But I think it will be crufts prize winner, wait and see, but Aussie land is full of gold, and incentives right now from the Govt for extracting it, so it's a case of getting the best equipment in to find it, and that's why I think ECR may have to JV with a major before long, if they can get one interested enough to take on some of the risk with them. imo.
Thanks Pauly, I'm sure Sausage will value your validation.
Sausage, We weren't privy to what was fond in the data room...I doubt if it was "f.a." they found as you put it, but it was obviously not enough for them to proceed ay that stage. The fact that there was interest is a positive , and the fact that there has been a comprehensive surface sampling programme and that ECR have commenced drilling programmes will only add to the data set that is held.
Obviously any prospective partner will be looking at the geological structures as much/if not more than the actual grades produced, and we don't know at what point the data would be sufficient to trigger an offer.
There is speculation of a imminent JV from some posters and it is just that, speculation. No-one knows what the timeline would be if an offer was forthcoming , could be a week or a year away.
Absolutely ECR are not a producer and have no immediate plans to become one (I never said they did "Read what is written not what you think is written." ;-) . As in the interview that would be a future consideration.
Also you said ECR have 'no gold' ....This is again untrue as the last drilling campaign produced up to 40g/t and Lolworth initial sampling has had exceptional gold grades (we will see if those can be backed up with the trenching and drilling over the coming months)
The activity that is planned, funds in place for the remainder of 2024, good grades in the first set of drilling and exceptional initial results (which I also believe have not been fully appreciated by the market) from Lolworth are what have driven the increase in SP over the last 3 months.
The MCAP of ECR is still really low at c £6m so progress/ good results in the upcoming activity can see a substantial re-rate.
As you said " He's going to take ECR to what ever price he sees fit, then he's going to decide to jump ship using the excuse someone else can take it further." ....Which will be significantly north of where the SP is now (I think he mention £25m-£50m in the interview) so if/when he does jump ship we will be in a massively better position than we are today on the SP.
Sausageonstick - an honest post. I concur
My 500,000 now showing, but that was also a buy.
33069 is mine, it was a buy.
I've also just bought another 500,000, yet to come through.
Now holding 8 million shares, and hopeful :)
(And before anyone moans about land access, wet seasons, logistics etc) they’ve had oodles of time. Oodles.
Perhaps the new $ will speed things up.
Need to get cracking in QL asap really considering the time it takes to mobilise, drill and get results back. IF the Victoria results aren’t special we’ll be in a bit of a dilemma as we’ve only made baby steps on our other tenements so far, even though ECR ranted and raved about them for years! Even if QL is JV’d at a lower % it’s still better than doing nothing.
HUI needs to catch up before the miners re-rate. Likely to see another correction in POG before it really does take off.
Company is funded until end of year. Directors getting paid in shares and interest aligned with shareholders
We have price of Gold exploding and some exciting drilling campaigns lined up
Still waiting for results from the recent drilling done earlier in the year
Its all getting rather tasty. As soon as we get that fuse lit will be back into the 0.4s and beyond
.........POG $2255.....😗
No chance you're getting 5m at the live ask. Impossible to tell if its a buy or sell, therefore not much point worrying.
..............https://x.com/DDS_DocHoliday/status/1775043088945205526?s=20