Hi Cruikie, The key piece of information is going to be the amount of income that will be generated by Avoca. If that is a good number and ECR can secure finance against that future income then it will be a massive game changer here ....no more YA dilution or placings and future funding in place.
A sale or JV at SLM will have a similar impact.
Financing is the key to the future of the SP for ECR......continue to rely on YA and this will continue to slide as dilution will continue.......get financing sorted and then the SP should shoot up here as we become a producer and secure non-diluting financial security going forward to enable the development of Danglay which should be the long term cash cow.
even not the director(s) are loading up cruickie1 though we are at an all time low
dont know how to categorize that but i am still confident in SC and ECR
i see the potential and hope fo our MGA projects to add value through generating income in the short term
the SLM story is also hard to evaluate. talks are "advanced" and "ongoing" but als kept "confidential" even though we were told news to come early 2016. but unless not confirmed differently I hope the outcome of this silence will reveal a good JV and further income short to mid term.
danglay should go on very soon as depicted by the letter of the president of tiger international resources from last month and our RNS. It should arrive any day announced. through further exploration and maybe also the first open pit at daglay should generate additional income of which i expect to occur in the mid to long term.
our deal with MTR is possibly also good for being a game changer. it is still there and MTR has the option to jump in at 0.04 until 2018 if i remember correctly. both circumstances are positive for us and can add value but i fear this value will come first on the long term unlike for MTR but thats the business.
with that outlook and portfolio i would see our SP increasing successively in the following 3 years. that might fit in the scheme of our new financial director as SC gave a "tiny hint" in RNS in this regard. thats my interpretation but no guarantee of course
though i was hoping for this month to be *the month* for ECR i dont fear the next 3 years + for my investment. but it needs a long breath and patience.
but i invite SC to prove it all come in faster and better :)
I think that no news is good news(ish). If a deal was definitely off then they would have to release an RNS.
I can only presume that they are in an NDA period and therefore cannot update.....hopefully they are selling the whole thing and the delay is for negotiations & DD completion.
The famed ECR buses could be lining up in July/August for Baillieston, Avoca, new Oz licenses, SLM , Danglay license renewal and Danglay next steps (and maybe even a MTR introducer for MGA tax credit use)
Definitely going to be a lot busier on the news front !
dont have to admit it to me as i got it wrong too, so our hopes are pinned on Avoca in July- If forms for Dangely were returned before 13th June i am sure that must be imminent . SLM is the worry , a lot spent news was due early 2016, we are about to enter the 3rd quarter. Surely this time news will be forthcoming and good, cant stand another month of delays
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