Well the sp being under 2p should be expected, tomorrow is the last day for the subscription shares to be taken up otherwise the deposit (100k) converts to 2p a share and the subscription date gets extended.. any move from here depends on the ok for funding and the lock up of all shares involved.. my guess would be a small over run but not long to wait!
"Watch this space. There's a lot of newsflow coming. The company's still substantially undervalued and I think, you know, you could see a price increase of, you know, the company could be several times higher in the next few months.
The last company Kryso most of our investors made 10x on their money. I don't see any reason why they can't out of ECR."
As soon as news-flow slows for beyond a week the rainbow chasers move on and the MM's haul the price down. Loads of news in the pipeline so I expect we may see a surge in buying activity once it lands, driving us up towards the 3p mark.
Very good podcast on Vox markets with both Craig Brown and the very informative Ivor Jones.
Interview starts at 1:25 with Craig, 4mins in with Ivor.
Ivor confirmed 3-6 months to start drilling the Timor Licence, a potentially exceptionally project. The project requires approval first from the Australian mines department and Victoria parks (crown land)
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