szabo - given the ties with an ex-director I'd be inclined to think MTR are looking to hold until Danglay can be taken to production. There is little risk to MTR and their share capital as they have a decent portfolio, good track record of returning equity value and limited dilution. Quite the different story here. MTR could even increase their stake at discount to the market as squiff highlighted or may participate in future placings, we will see.
RGM & RRR for example did this also and for a while it may have added stability but the shares have since fallen to historic lows.
None of this makes a case for buying ECR just yet though, like the rampers were shouting as we witnessed a brief bounce earlier this month, the share price has fallen to around 0.025 again and YA still need to offload their sizeable holding at some point. They will be keen to convert more of the loan as soon as possible at these lovely low prices
It's going to cost a lot more than what was raised to prove up a 200koz resource and have it verified but we have time to watch and see. What are your thoughts on their choice to come in at 0.02?
Share- mincer you seem to be resentful of me holding here and you have no idea what my holding is here or at what price
As for ramping - nope, show me a ramp as .12 has been my only call pre NI43-101 not a penny and I wasn't shouting 1m oz of gold I said I expected 140k oz but having spoken to our geologist 60k = $60m if brilliant on the area covered
My .12 target has more chance now MTR are here and as holder of MTR I know what there here for its blindlingly obvious
Keep trying as your losing and when YA depart you've lost and all your posts have been for nothing but why post for months on end as a non holder is the most bizarre life one has - does your family know you do this ?? Its odd
Timeless you actually seem a bit resentful of where I'm currently based. Latched on to that have we? Ofcourse nobody knows what kind of trader you are but you are a prolific ramper and continue to call this wrong. Hence why your buys at 0.13-0.14 all the way down to here are showing losses.
Time....what do you think "experts" would make of Ecr? Do you have a prediction on ecr's sp a year from now, or any future highs between now and this time next year? Remember my post I said those with high average sp will not get their money back. Now you say there's plenty of money to be made. I mentioned in my post only those getting in will make money!
100% technically incorrect. MTR will not "give" ECR when the SP hits 0.004 even if it reaches 0.004 they MAY decide to execute their warrant option... which means they get more shares..which mean you get diluted...
they MAY well exercise at 0.004, but if you were a prudent financial accountant (aka PJ) why would you execute a 3 YEAR WARRANT at 0.004 the very second the SP hits the exercise price? you would be failing in your fiduciary duty to shareholders if you didnt ensure that the warrant was "profitabe" from the outset.
so the more likely (financially prudent, sensible, realistic, ) option would be to wait until they are in the money with that warrant...
the SP could reach 0.007 for instance... it makes NO DIFFERENCE whatso ever to MTR... they stilll can execute at 0.004... so why the heck are you so insistant that PJ & Co are going to do the WORSE possible financial transaction for MTR shareholders... ??
unless of course...... they are doing it to get the WHOLE company..... so the purchse price would then be set to 0.004 (highest price paid).... as i said a few days ago... a STRATEGIC exercise of the warrant...
you are looking at this with rose tinted glasses... you need to look at it from the BUSINESS HEADED side of 2 very smart BOD's
you have all the evidence right in front of you but you fail to even acknowledge the risk of what I have stated... its a very REAL possibility, and yet you have reverted to "ostrich syndrome" investment strategy ..
you are too emotionally attached (been there got the t-shirt) it doenst work...
all readers here.... you have all the warning sign right in front of you... no guarantee any of this will happen... but this IS BUSINESS
Arsenal - shame you are unable to listen to an alternative point of view, it may have helped your investment choices. Not to rub salt in the wound ofcourse but given your glib remarks why don't you go check your average and continue as you were..
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.