guys its as you said, those that believe in the company or our BOD whichever way you want to dress it, are in and are prepared to wait, ECR are on a lot of watched lists waiting for the news to pounce, but theyre also some waiting for the sp to go lower, which it might do , but to be realistic were talking from very close to base camp here, MGA are coming OUT of admin not IF, so some trying to make some profit elsewhere before making the jump, good luck to those who succeed, we have our first trade today, good luck to all the believers ATB F
good morning TS - yes very quiet - aint seeing a single trade for ECR the lack of activity with the share trades reflected by the quiet on the board. like you say, patience required - i`ve been in this share since i think august last year with a few average downs ... i`ve set my timeframe for exiting as beginning of january next year... if nothing significant has happened with the company by then and the share price languishes, i`m out anyway... as in the spring time i`ll need access to the funds. will be a shame if nothing of note has happened by then... but needs must and i`ll have given this BOD plenty of time to work their magic... sadly not seen much other than responsible management... which ofc is a good thing. in the grand scheme of things i dont suppose 18 months is a huge amount of time for a junior miner but ... well, my patience will have all but dried up by then ... fingers crossed that the next slice of news is positive. GLA holders
Just checking in to say hello. I think all the possibilities have been discussed and therefore it's gone quiet here. Those with knowledge of the company have taken positions and a few impatient holders will sell so the SP will stay around this level until the next news arrives. Just for a change it's a case of sitting and waiting!!!
while we patiently wait Gold beats oil on safe haven demand
Gold traded at its highest price relative to crude oil since March amid global economic concerns.
An ounce of bullion bought as much as 13.58 barrels of oil on Wednesday, the highest in more than four months. US retail sales in July were the weakest in six months, while Chinese industrial output unexpectedly slowed, separate US economic reports showed.
The precious metal has jumped 9.3 per cent this year as escalating violence in the Middle East and Ukraine, coupled with signs of slowing economic growth, boosted the appeal of haven assets. West Texas Intermediate slid 0.8 per cent. The US is pumping the most oil in 27 years as muted expansion in China signals less fuel demand.
"It's clear that people are comfortable with the global oil-supply situation, despite all the violence in the oil-rich regions, and probably demand will not surge as there are growth concerns," said Tom Power, a senior market strategist at RJO Futures in Chicago. "Gold, on the other hand, is advancing because of the global turmoil."
Gold futures for December delivery rose 0.3 per cent to settle at $US1,314.50 an ounce in afternoon trading on the Comex. On August 8, the price reached $US1,324.30, the highest for a most-active contract since July 18.
Trading was 25 per cent below the 100-day average for this time, data compiled by Bloomberg show
I have been thinking .... As we all know the large investors that are in rxp the options that have just been taken up and the huge late trade lately .... Surly they are all aware if something that we aren't! I have a feeling they know this is going to be massive! I'll be in with my last and final top up this morning! And then I'll just keep my eye on the progress itching to see what's in the next rns! If and it's a big IF NK31 has found then we will move very quickly.
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