The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
No surprises there ..... Get the shares admitted on Monday and get on with formulating 'the plan' so we can get to a BAU state and stop all the conspiracy theories.
Mr 3 million disposed of his 4th tranche of the day.
I would not be surprised to see a large after hours trade declaration.
.................let the games begin......................"ecr managing director nick tulloch commented: "i am delighted to report the resolutions put to shareholders at the gm today were unanimously passed, including the motion to increase the company share capital. as a result, subject to receiving the subscription monies, the funds from the £580,000 raised will be utilised to advance the company's extensive existing assets, to progress new opportunities and for working capital purposes. i am also pleased to see the director share agreement and salary sacrifice schemes implemented, which we expect to contribute significantly to a reduction in cash burn. we are grateful for the support and confidence shown by both our existing shareholders and new investors."
ecr chairman david tang added: "i am pleased that as a result of all resolutions put to the gm being passed, our restructured board are fully united and aligned with shareholders. i look forward to supporting nick tulloch, mike ******* and the rest of the board as we restructure and streamline ecr operations."
................https://www.lse.co.uk/rns/ECR/
.................looking forward to the "Virtual meeting"..............I reckon that will be after "the plan" has been released
Tamer, The plan will arrive when the BOD are agreed on the way forward ...when that will be no-one knows.
It may be that we will look to sell additional assets: The property is for sale. Do we need 2 drill rigs, will all the licenses be retained?
No-one knows what the plan is going forward.
We do know they are trying to renegotiate Hurricane terms (I suspect to remove/reduce any share/cash payments upfront. An independent review of the Creswick and Baillieston license data is happening to determine the potential at those and Hurricane/Lolworth will hopefully see drilling programmes t both next dry season.
It would add a lot of confidence if the BOD confirmed that there would be drilling at both Queensland licenses as soon as the wet season is over.
T
...............or the juicy sale of an asset.........of course
..........."the plan" will drive the SP........will it be released on the 10th?
Mental - I made my position clear a few weeks back. I said I would wait until after the placing shares are admitted. And that I wanted to know when ECR will be drilling. I don't see the point of getting in ahead of these risks!
There is an active pump and dump crew on this BB. I think you know that already.
'Then they must go on to find out who the flipper is because if they want in and are so called sticky hands then the next raise they won’t get a invite @DDS_DocHoliday'
Nice to know ECR is an invite only club for Doc's mates eh. I mean it was fairly obvious. Looks like one's gone rouge though! oh dear.
The SP has dropped another 10% on 10 trades today - the 3 x 3m seller has had a disproportionate impact.
The last few days have seen big % swings on small volumes (I guess most investors are employing a 'hold, wait and see' approach).
SPs love certainty and we have two fronts of uncertainty:
1 . The placing - This uncertainty will be removed on Monday as the shares will be admitted and we will see if the mass flip will occur or if was blatant scaremongering.
2. The future direction of the company . Everything is being evaluated by the new BOD and we await 'The plan' at which point we will know the direction the company will be heading, how they will keep the finances to support the business and which Licenses they will be a) looking to keep and b) looking to develop/drill in the near/mid term.
The finances have been stabilised and recent results at Lolworth and Hurricane have both been extremely encouraging , but have been overshadowed by the uncertainty.
Once that uncertainty have been removed then the ECR share price will move forward with more relevance to the development of the companies assets....and I'm guessing at that point those investors such as Legal will have a better idea in their minds if ECR is investable moving forward.
ECR haven't drilled an hole since Creswick Legal so nothings changed there and it's not like anybody expected Hurricane to be drilled this year. Shares don't drop just because there's no activity. Good luck with your entry.
If it drops below, the new boys work for free :/
Will you be buying if it drops sub .2 legal?
It's mid 20s despite all the pumping on here. Once all the shine of the new BOD wears off, it will come back to when will ECR be drilling. Without drilling, or some other value enhancing news, not fluff or jam tomorrow, the share price only goes one way. Let's see where the share price is by the end of this month. I suspect it will be nearer the placing price than it is now. All imo and dyor
I think as its aim most of the placing shares have been forward sold like most on aim. Once they have been churned i expect i reversal the company is going through my changes and Rome was not built in a day
According to the RNS, the placing shares will be admitted next week. Therefore, there will be no further debate about what might happen if/when they do land, or that they have been forward sold already, etc. With no drilling plans announced by ECR, it will be interesting to see if the share price falls in the coming weeks. You can tell by this post, that I suspect it might do. All imo and dyor
So we'll be expecting a 'stillrx' or rxliveson' soon then ha
Yes mate, I don't mind saying that I reported him. I know another investor also contacted LSE regarding his behaviour.
You’ll give the guy a messiah complex at this rate lol! all hail doc Holliday eh!
My observation is the hot money is realising the pump/ramp didn’t work so time to offload. Good for LTH’s in the long run perhaps.
Has rx been banned?!
when you have someone on bod that's for the share holder and been in the game many years .seen all the lifestyle bod in many companies on aim and fights for the rights of share holders ...it ticks all the boxes imo ...he does not lose he does not take fools and he will produce share holder value ...mike *******'s
@dds_docholiday
appointment as coo #ecr
Looks that way TS. Like i've been saying since the announcement, the shares have been there to flip. The mass exodus on Monday won't come imo.
3 x 3m offloads today.....Clearing the 'flippers' early?
I can't imagine he'll be difficult to spot, eh?
A few more shares flipped there for the GM - 200m traded now since the announcement.
...............well done, where do I send the cheque?............LoOOL.......standby for the new rx monica
He's been booted off Tamer - you can thank me later!
..................Novum are very quite today!