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ECR Minerals Share Chat (ECR)



Share Price: 0.20Bid: 0.19Ask: 0.21Change: 0.005 (+2.56%)Riser - Ecr Minerals
Spread: 0.02Spread as %: 10.53%Open: 0.195High: 0.20Low: 0.195Yesterday’s Close: 0.195


Share Discussion for Ecr Minerals (ECR)


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Cheapskater
Posts: 113
Off Topic
Opinion:No Opinion
Price:0.23
Gold reserves
11 Sep '14
I'd take that YouTube video with a pinch of salt. The BoE reports on how much physical gold it has in the vault in it's annual report. There was £140bn worth on 28th Feb 2014. That's about $230bn dollars worth, in other words about 5,600 tons of the stuff. It's not going to have all disappeared like this bloke is saying in that time as that would be an average of about 30tons leaving every day since then for it to be gone. That number of heavily armed convoys would have been noticed or the BoE is telling porky pies. Who do you want to believe? Nice fantasy though for those of use owning shares in companies owning gold reserves in the ground.
 
Stockput
Posts: 26
Off Topic
Opinion:No Opinion
Price:0.23
From April
11 Sep '14
Found this to back up Harvey but found the 2 comments a little more interesting:

http://news.goldseek.com/GoldForecaster/1398801600.php
Liquid_Gold
Posts: 578
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (3)
RE: interesting articles
11 Sep '14
Itogon was profitable when gold sat at $250 oz so even if we doubled the cost of living and costs to operate from there we're still looking at $700/800 oz profit, worst case extreme $500 oz.

Harvey Organ predicts waking up one morning and the whole gold pricing mechanism has changed and he says $10,000 per oz is heading our way at the start of next year.

The next RNS should be QED have recommended drilling.
forest4032
Posts: 3,349
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Opinion:No Opinion
Price:0.23
View Thread (3)
RE: interesting articles
11 Sep '14
Gold price forecast, Sept. 10, 2014: In April 2010 I made a somewhat controversial prediction that gold would reach $5,000 an ounce. I still believe this to be a realistic price target - and now prominent gold mining experts are following suit.

Rob McEwen is more than qualified in the realm of gold mining - he's the founder and former chairman and chief executive officer of GoldCorp Inc. (NYSE: GG), a $20 billion Canadian gold miner and the world's largest by market cap.

And in an interview on CNBC's "Fast Money" in August, McEwen said "I'm a long-term believer in gold and I see it ultimately getting to $5,000 an ounce. Anything short of that, I wouldn't be hedging."

McEwen expects gold to hit his $5,000 target within the next three to four years.

And I agree.

A look at the metal's recent history shows how McEwen and I arrived at this gold price forecast
forest4032
Posts: 3,349
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (3)
interesting articles
11 Sep '14
China cranks up the gold machine
The Economic Times 21:18 Wed, 10 Sep 2014

Gold Price Forecast: How the Yellow Metal Will Reach $5,000 per Ounce...
Money Morning 22:41 Wed, 10 Sep 2014

Gold: Support at 1240.60/1231.36, resistance at 1257.80/1271.60 FXstreet 12:27

ECR looks like its a good place to be in right now, and in our BOD we keep faith ATB F
Liquid_Gold
Posts: 578
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (2)
RE: LG
11 Sep '14
We will have to agree to disagree but your right to say Scottish financial houses have already left or threaten to leave as how can they operate without sterling.

As we're seeing unrest about the gold would you say they (Salmon) wants the oil revenues for himself and not to share with Westminster.?
johnsp
Posts: 1,109
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (2)
LG
11 Sep '14
"Scotland voting for independence as this will cause carnage on the markets"

I disagree. apart from some Scotland based financials I think the effect on the market will be less than many think.
until the currency issue is sorted the £ will suffer though.
But, the BofE will clarify the currency issue very very quickly
Liquid_Gold
Posts: 578
Off Topic
Opinion:No Opinion
Price:0.23
Harvey Organ
11 Sep '14
FOREMAN,

May I thank you for what for be is the most compelling 30 mins I've listened to in a long time.

Russia / Ukraine conflict plus the Chinese threat of flooding the market with dollars is all to do with gold, unbelievable and I thought it was never true but this Harvey Organ seems 100% spot on.

Live and learn and what we don't want to see is Scotland voting for independence as this will cause carnage on the markets with this gold issue brewing it's going to get ugly.
Liquid_Gold
Posts: 578
Off Topic
Opinion:Strong Buy
Price:0.23
Harvey Organ
11 Sep '14
Global markets are stuffed and get to 18mins in he's saying silver could be $200 oz.

September 22nd 2014 is when Shanghai introduces physical metal payments and NO paper deals so it will expose the West has NO gold and barely any silver.

ECR have 1m oz + sitting in the ground at Itogon no wonder we wanted that $10m to accelerate to the mining licence
Liquid_Gold
Posts: 578
Off Topic
Opinion:No Opinion
Price:0.23
MGA Timeline
11 Sep '14
Morning JG,

Fantastic posting and your understanding of the global mechanics is somewhat impression and way to clever for me so keep posting as I'm certainly absorbing.

With reference to MGA I had an email from Malcolm Field the administrator and his timeline was always September and further to this I have contacted Bob Bickford but he has not responded which leads me to think that September is indeed the month.

The RNS confirms the cheques will leave early September and I'd expect those to be presented at the banks now and cleared by Friday next week at the very latest.

ECR have no control over this but us holders can taken advantage of this as the window is closing and I'm going for an w/c 22/9 for an announcement.

I have a 4m buy at a certain price to be filled and this $3000oz article isn't helping !



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