Morning Timeless Sorry I missed you at the show. The MTR presentation was too early for me but did make most of the day and was a really useful day listening in the main theatre - well worth my £60.
This month we will receive the NI43-101 report, but ECR's last announcement shows that they are active in other areas, and it would be a reasonable assumption that these areas might lead to other announcements.
Metal Tiger simply felt the valuation of ECR at 0.02p was attractive. Plus I think they like to receive warrants as part of their investments. On the obvious question if it made sense to cooperate with Metal Tiger in any area of the business, of course this would be considered and is the duty of any BOD.
The election result in Argentina was a positive development and does affect the thinking re SLM but still await concrete policy changes from the new government though. This on the backburner if a surprise RNS came this would certainly help our SP
There was so much back and forth last week and in simple terms if a party with 30%+ voting rights were required to make a mandatory offer to other shareholders at the highest price paid in the specified period, other shareholders are not obliged to accept it. Simple really and not a worry at this stage
Should be an interesting month of December. Good luck all and Squiff I hope your invested and wish you the best
Timeless, many thanks for your post in reply to my baited post. I think many genuine posters were worried by the silence, but also grateful that the continual batting back and forth has stopped. At least for now.
ONLY PERSONAL OPINION, PLEASE SKIP IF NOT INTERESTED, NOT TO BE TAKEN FOR INDIVIDUAL TRADING DECISIONS !!!
let me give you an indirect answer:
i bought in thinking "it cant go >much< lower - revealed to be wrong as i am down more than 50%
okay , that is nothing special on AIM stocks. AIM stocks can consolidate within seconds and show values of 50% or higher. everything is possible.
regarding funding / dilution. i did not expect the report to be delayed that often before. my hope was and is still that we dont need either of both (funding & dilution). why? my maybe naiv but wishful thinking fo xmas this year was we show the world some massive report with lots of oz of gold to get into the focus of investors.
i see several markets where big player reduce or get partly out of business as commodities prices are down. other ones take the chance to fill the gap and to buy good, solid and proven assets to further develop them - i hope these words will not be misinterpreted !!
sandgrounded - there is absolutely no placing as per our last RNS until IMHO the drill bit turns which could be late January early February and certainly not on the agenda at the recent show
Why the silence, I think its pretty obvious that nobody went to the Gold Bears show then ? ( I did ) and whatever I write you can see the bashers getting ready so what's the point
Interestingly the ECR/MTR BOD were shown the ECR BB and the topics of MTR taking 30% of ECR and other suggestions, question marks of why their here, the doubts from posters questioning if Dangley has gold etc and they just laughed and just couldn't get their heads around why so much effort was being made by ceratin posters for months and years who don't hold
One of them said ' is this normal behaviour of mature investors ' and ' do their families know they post like this '
This place was even arguing of decimal points Friday/Saturday which gain they just shook their heads.
Its safe to say ECR / MTR have a roadmap and Dangley will forge 'alliances' with local partners and taken all the way to production - that there is no doubt
MGA is the carrot
MTR had over 30 people listening to PJ and this was mentioned with conviction :
ECR - Upside Opportunity: Publication of full NI 43101 report re Danglay Project, expansion of Philippines portfolio & utilisation of strategic tax loss.
and i think it is valid to say that 0.06p is the long term minimum SP for ECR - why? - taken from RNS 18thNOV - In the event the Company announces that total mineral resources estimated at the Danglay gold project in the Philippines have exceeded 500,000oz contained gold equivalent in accordance with a Standard (of which there can be no guarantee), the Exercise Price of the Warrants shall be increased to 0.06 pence per ordinary share.
!! surely this will only be IF ECR announces the 500.000oz or + !!
but i take this like this into consideration for my long term strategy in ECR
for me as an individual PI with shares in ECR i can see the positive side of the warrants!
yes they have 3 years to watch to exercise them. but this means that they expect a rise in SP above the warrants levels in my view. if SP increases - good for us. if they buy in again at lower prices - good for them, not bad for us -
my interpretation is that MTR see solid uplift from here within 3 years and that is good for all of us looking at current SP!
I trust our management and the mm of MTR which proved several times to be right...
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.