I know, the main aspect is that they have funding for this though. If they start generating some revenue and pushing forward then hopefully the price will catch up to the market sentiment and the gains. It's definitely an interesting one to be in as I feel ecr are keeping a lot under their hat.
Also seeing as SC has invested here I'm happy to be patient with this one. Seems to have hit support so I feel the market is also of that understanding. Think we should be updated soon and hopefully brings some good news so we can start moving upwards.
Went to presentation - went fine. No real update from what we all know. 2 months for them to sort out the awoca dumps but should have something to report soon. As we all know it's for short term revenue.
Spoke to SC as well. They have enough funding so it's just about getting things rolling.
The market will always correct this. If Ecr prove up 500k- 1mill oz au with current funds and require $1 mill costs to fund operations then this will re rate regardless. Main thing now is they don't need any funds yet to progress along the value curve.
Should SC not also be trying to reach out to Aussie investors? If sentiment is so good out there and we have a co.pany operating in oz (Mga)? Not sure how the dynamics would work though. Would be interesting to hear from someone who knows a bit about these situations. I have no doubt bill knows how the cookie crumbles...
Interesting though. Seems to be spreading us across several prospects / several countries... Danglay low strip high yield. Slm could pop any time either jv or sale. Avoca mine dumps estimate due within weeks/ months. Baillieston looks massive too! Soon to perform more (funded) drilling. Mga tax credit.
So one is bound to pop sooner or later. Market conditions bound to be favourable in at least one country and money will be coming in soon :) all in good time. Got 20m of these babies now :)
That's also my view. Then we can all have the last laugh! The price to buy at the moment is a giveaway . I have taken advantage of the low so i don't really care what others say . Not only that but I have done my research and homework also spoken to SC etc... I can wait.
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