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…… https://x.com/dds_docholiday/status/1729510000798634139?s=46
Like Dan says - the current PoG constitutes an industry-wide generic tailwind - but it only becomes specific and directly meaningful to ECR if and when they actually find commercial gold. So let's hope they do (and PDQ) - because without that objective being attained nothing of major significance has or will change here - that's the current reality.
…..Dan the higher the gold price, the more perfect the storm for ECR…..the more tailwind the better
Glad to see you're keeping your feet firmly on the ground Dan - there's been enough mindless (and pointless) ramping on here over the past years to last most folks a lifetime - and some!
Whilst the gold price is positive for the industry there is no perfect storm brewing for ECR until they find gold. It just means we have a better chance of flogging that rig.
.........getting down with the emoji's mental?.......🥴
....................$40 now.....just the start, perfect storm brewing for ECR
$2037 now
🥱
Https://x.com/dds_docholiday/status/1729426709286391825?s=46
Seems the bod have this in hand 🖐 one sail at a time steady as she goes
A JV is a distinct possibility. Plenty of hints from the board. That could land any time I guess. All eyes on a drill contract, mobilisation and commencement of drilling, re-entering Victoria is great news thats where they found material success before. The market cap zipped up to circa £30m which would be about 2p equivalent now. The current market cap of just £3m offers significant upside should results go there way. We know the majors are never far away.
Atb
The mindset of the MM is quite simple, make money on the spread without getting lumbered with stock. The rest is folklore.
...........tradedesk......it will be interesting to see what they are contracting in for Victoria....Mike and Nick said in the last interview the new rig is for sale/rent and they wanted to get away from owning plant......what about Midas.........and just for you mental..(😏)........could one of the rigs be part of JV discussions??
Been watching all day the farcicle attempt to list all buys as sells!
I mean, who are they kidding...they just raise the mid price to be able to list the buys as sells.
Question is...what are they playing at. Any ex-professional traders out there care to enlighten us?
By the way, I proved my obvious theory by buying @0.223p ...along with all the other 'sells' at the same price.
Whats the mindset of these MM's?
Should be news on drill contract secured and then mobilisation. Good few weeks ahead here. This is where the company found big success before, £3m mcap to £25m-£30m (4/5p), appx 2p equivalent now, 900% upside.
"Drilling permissions have been approved by the relevant governmental authorities and the Board is currently negotiating contracts and pricing with a local drilling company with a target of commencing before the Christmas holiday period. Importantly, any drilling undertaken will be funded from the Company's existing cash resources."
Dan, there is absolutely zero to get excited about with ECR, thought you would have realised that by now.
….we certainly do mental😉
the actual spread is now where near 25% snip, calm down before you **** yourself with excitement.
Guys, Live price is 0.2066p to sell, 0.224p to buy - real spread is more like 8%.
Yea a bit mean that spread.. .2p bid a bit stingy!
Need a Ti wonder RNS!
Perfect, an hour and a bit later spread back to 25%. Unbelievable.
Paul = Zzzzzzzzzzzzzzzzzzzzzzzzzz
…….news incoming?