Outside bar with heavy volume on the 15, followed by and inside bar with a 3rd of that volume.. high of today is now my buy in point.. still looks nice, consolidated since the 25th in that pattern and this is just building up strength..
Some of you won't have been around long enough to realise this but ECR used to trade at more than 100p back in 2009-2010. Before factoring in this huge consolidation which I had predicted back in 2015 as they issued billions of shares to cover slim overheads and limited field work. Timeless and co were ramping this up about that time and moved onto MTR which has since collapsed from the bubble territory it reached.
Needless to say I've watched this many times before, keep well away. All value has and will continue to be 'scuppered' away and any spikes will be short lived.
I agree. The last few years have been a bit rough for ECR- No thanks to the BoD, but it would appear that some very good progress is finally being made. Plenty of other miners out there in a far worse position but have somehow got a stronger SP.
It's crazy that after years of messing up ECR have now got a tiny market cap and a very small amount of shares in issue. I don't blame anybody for not wanting to be in this company given it's horrendous past but it now looks very good value for money. Look at JOG. Even less shares in issue but constant growth in the SP. Tempting this ECR...
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