Any company could effectively take control of ECR for �600k at this SP. Surprised that there have not been more speculative investing at these levels as there is a very good chance of a decent return if there are good results from Avoca , or if there does prove to be a takeover play from another company. Would like to see a positive Avoca report with the financing as that would turn ECR in to a producer with income & financing and would kill off the shareholder group in one swift blow.
I don't think so given the statement in the latest RNS. The Avoca report should provide details of the proposed income stream should hopefully also include details of an agreed financing package secured against that future income. If this happens then it will be an absolute game changer for ECR.
I just hope the takeover by the MTR shareholders group doesn't progress too far before these details are released.
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