I'm not a deramper though I could post quite a bit about why Itogon was abandoned after a few chats with the crew here. The information doesn't appear to be in the public domain but anyone putting 2 & 2 together and digging a bit might come to the right conclusion.
Right Dean would you like to enlighten the forum what you have found in the public domain?
Have you spoken to Paul Johnson as you said?
You say your learning about ECR what a load of rubbish you are a bitter ex holder who lost money here and if it wasn't for your attitude I'd have some sympathy but not a chance because for 9 months you've written utter lies as above.
Over 2000 AIM company's and were stuck with you and you don't post on a share you ARE invested in as much as you do here.
That's why your not welcome and you have the audacity to come here a pretend your helping us!
Certainly seems good terms wise with the clause on shorting (hopefully can be stopped) I did cringe a bit when i first saw YA mentioned It seems a good deal unlike the deal with a certain oily which arsenal has some interest in too ...you know the one with SN at the helm oh well fully funded without massive dilution.....mga soon....
I also have both of these on filter. RobRoy for his bad attitude at times, which I gather one of his latest posts has just demonstrated perfectly, and Dean for ..... Well you all know why! Suggest everyone else does the same. For me the ECR bb is back to the pleasant place it used to be. Absolutely no need to show that kind of disrespect for other posters as it has nothing to do with why we are all here - to make a profit. Good luck all. Regards. Pdub.
suggest you read the terms of the facility (in detail) this is not the usual YA deal where they short the sh*t out of the stock. they can't short and there are loads of little details in there that protect existing shareholders. to get this amount of money on these terms says a great deal about the company's prospects, and I might add, says a great deal about the negotiating skills of out bod!
So you think the loan of 10 million on these terms will dwarf rises on production and profit from Itogon slm mga and potentially a new acquisition soon? I think the other way round.... Thanks for the insight
I have great (or not so great) experience of them in RRR, their business model is basically risk free as they do not invest as such. They basically are a conversion facility used by the board to generate cash in return for shares which are immediately sold (or pre sold in many cases) on to the market to give YA their cash back.
The problem with this is that with RRR, spikes were created in order for YA to offload their shares and so the result is dilution, locking in buyers at higher prices and stopping a decent rise as YA are dumping shares to quell the rise.
Basically the only winners are the board who draw a salary and YA who have a no lose investment.
On a plus side they do provide much needed cash for many companies but I believe that they should be regarded as a lender of last resort in the business world.
Nothing against ECR guys and I hope you do a lot better than we have over at RRR but please just take this as a note of caution.
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