One last thought before I depart to the land of nod....
Yeah I sold cos I saw the SP dropping. If ECR had a 100% spike tomorrow, it wouldn't get to the price I sold.
But... If I held ECR today, would I sell? No
Would I view MTR's investment as a good sign? Yes
Would I hold/ average down? Yes
When MTR take a notifiable interest in a stock, it's for good reason. They trade other stock for profit whilst under the 3% threshold. But the reported investments they declare, are for a better return.
This is referring to the 95 - 170k: 'The Mineral Resource estimate in Table 1 above is disclosed at a cut-off grade of 0.75 g/t gold, which is based on a gold price of US$1,100/oz and an assumed metallurgical recovery of 85%. Figures have been rounded to reflect the relative accuracy of the estimate. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resource will be converted into a Mineral Reserve.'
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