Maybe that buy was Squiff eventually seeing the light and realising the share price is as cheap as chips !! I sense an rns tomorrow but about what? We're spoilt for choice, it could be Mga or Slm or Itogon or Themac or ? We will be inundated with good news soon which will drive the sp to new 12 month highs and not before time either!!
Not long now till loyal shareholders faith in this company pays off handsomely !! So much company making news due this month. Well done to all holders here for sticking it out!! Patience is always rewarded in the end.
Low volume today and everybodys waiting for multiple news but what's important is that £15k buy is more likely to be a shrewd ISA transaction which tells me investors are choosing which one of the four play ECR have they are putting their money on.
This is a positive signal and follows on from others done over recent weeks and we all know this is the bottom of the share price and 3.2b shares are very tightly held by the following ;
A) buyers seeing what investors wait for, the bottom of any share and make on any rise with news. B) long termers knowing what they know via dialog with the BOD C) buyers with high prices / averages wishing to get even or get out D) City Natural Resources High Yield Fund 300m & the BOD 60m ex BOD 38m
The BOD have committed to certainly a August SLM RNS a mining operation in our own hands and if Stephen confirms his statement from the previous RNS on 21/07/2014 below then that's the start of the cycle that will get ECR moving.
ECR has a 100% interest in the Sierra de las Minas gold project in La Rioja Province, Argentina, the exploration strategy for which is to delineate multiple high grade, low tonnage deposits suitable for advancement to production on a relatively low capital, near term basis.
SLM RNS has to say assays are positive for drilling to start, simple as that.
I think tomorrow would be a good day to drop some news.
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