Agree with you Fishing. Absolutely confident we will see big rises before long . At 0.1 would make me a small fortune ! But even then I would not top slice because I believe in time 0.5 + is easily possible. Softy Softy and we will get there.
I remember it well ! No reason not to return to it in my opinion. At that point it looked like we might see a 1p. If all goes to plan and with the increase in the price of gold than who knows where we will be this year. Lets get the financing sorted and out of the way first and then move on from there. We are massively undervalued for sure. Looking forward to a re-rate which hopefully will happen soon.
If they can report annual profits of £2 or £3 million at Avoca then we could be looking at £5 million market cap again. If they reveal alternative funding them that would underline it. All ifs but let's wait and see.
Interesting. Well we have at least 2k oz at avoca. At least 50ish at bailieston. 63 at danglay plus additional target of at least 95. However we only satisfy 25% earn in on danglay. Total = about 90k oz. That's an absolute minimum... Thats just off top of my head so feel free to add... Lol thats about £90m worth after extraction! Lol. That can't be right?! Very very rough calc there. I'm having a rest day so I'm not exactly using a sharpened pencil! Either way, its massively undervalued IMO.
Well... FTSE finished up this week higher than Monday. Some blue chips have finished up!!! But banks have suffered a bit. Everything will be fine... Quite looking forward to what deals can be struck with the rest of the world. And indeed if more referendums across europe occur :)
I agree . It will be the City boys and their rich mates who will make bundles of money of of this "melt down" They will make waves say things to cause panic and jump in and buy cheap shares . It's has already started . Just hope us lot can make some money here on ECR which I think we will. Just like to add that over the last sixty odd years I seen it all before. Things don't change when it comes to making money.
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