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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


ECR Minerals Share Chat (ECR)



Share Price: 1.775Bid: 1.75Ask: 1.80Change: -0.025 (-1.39%)Faller - Ecr Minerals
Spread: 0.05Spread as %: 2.86%Open: 1.80High: 1.80Low: 1.775Yesterday’s Close: 1.80


Share Discussion for ECR Minerals


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Cheapskater
Posts: 222
Off Topic
Opinion:No Opinion
Price:1.825
RE: Cheapskater
Mon 15:26
I think everyone wold agree that you are down. Just not because of consolidation. Dilution is the killer. Alas AIM companies are often run that way and you learn, sometimes the hard way, that AIM is not the place for long term investments but short term speculation with money you can afford to lose. If you can't afford to lose it, then it might be better to stick in a tracker fund or a across a bunch of blue chips with a long term future. Even there you may see the portfolio value decrease but the likelihood of losing a large percentage of your holding forever on the likes of BP, BT, LGEN, HSBC, etc over the longer term is quite remote but windfalls or multiples are rare too. I have seen a few multibaggers in the FTSE but they are rare. eg Glencore recently from 75p to 330p in <1 year. Barclays during the financial crisis recovered from 60p to 360p in a couple of months but only the very brave put more than speculative money in there when other banks were being bailed out as BARC might have been next. I try to buy the big ones when they have been through a downturn but I missed all the major opportunities as I wasn't researched in those sectors at the time to have confidence before it was too late. Good luck with your portfolio.
 
kelladee
Posts: 120
Observation
Opinion:No Opinion
Price:1.825
Cheapskater
Mon 12:33
Thank you for explaining in detail - I hoped that someone would
eventually agree with me that I had lost money. It is no way
to run a company therefore we should all be compensated or
request that the previous CEO repay us all the money we have lost
or he could give us back the shares we lost. K
Cheapskater
Posts: 222
Off Topic
Opinion:No Opinion
Price:1.825
RE: PitterPatter
Mon 10:39
kelladee, this is my last chance of explaining this. The reason the value of your investment went down on this share would have been due to dilution. This is when a company issues new share to make raise money or to pay debt as part of an equity financing scheme. If you own 1.4million share in a company when they have 10billion shares in existance and then over time the company issues more shares time after time until there are 30billion share in issue but the company still has the same value. The company value is called its market capitalisation (mcap) which is simply total number of shares in issue * the share price. Therefore if there are 3 times as many shares then the price per sharefall to 1/3 what it. Because those shares were not issue to you but sold to new investors or paid to a finance company then £30k investment becomes a £10k holding. That is how you lost money. Please stop confusing this with the consolidation and look back at the new to see all the ones that have issue of equity in the title since you purchased your shares. Inside the new item there will be an expected number of shares in issue, such as this one from 12/11/2015:

"Following both First Admission and Second Admission, it is expected that the Company will have a total of 6,689,367,772"

and this one from 10 months later on 14/9/2016:

"ECR’s issued ordinary share capital will comprise 25,845,287,953 Ordinary Shares"

There was a 4 fold increase in the number of shares in less than a year so anyone who held before the first one, me included, has lost a lot more than you in percentage terms because in that time the mcap did not really change.

A company is supposed to be run in the interests of its shareholders so this was a bad way to run a company. Basically we all invested in a turkey not a golden goose.

I hope that explains why your investment is down. Consolidation is not the reason that may actually have been the start of a turn around. Now lots of us have written off our investments here and are letting them run in case some miracle happens and it rises to 10p but I doubt many of us are expecting to get our initial investments back, just hoping to lose less than selling up now. At only 60% down you might have a chance. Not me, I am a little over 95% down but I am 50% up since consolidation so I was about 97% down.
LikelyLad
Posts: 171
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.825
RE: ECR
Sat 07:36
I'm confident it's just a transactional / pen pushing issue. I'm in a few shares that have had recent Chinese investment and it's been the same on all. Seems large funds have to be channelled thru Singapore to get out of China ATM. Annoying!
Pitterpatter
Posts: 117
Off Topic
Opinion:No Opinion
Price:1.825
RE: ECR
Fri 17:52
Pretty fair to assume the delay in news is due to the delay in the Chinese investor getting fully onboard. The sooner that gets wrapped up the sooner we should be able to move forward I think.
Pitterpatter
Posts: 117
Off Topic
Opinion:No Opinion
Price:1.825
RE: PitterPatter
Fri 17:44
Kelladee, I too have lost money in this share years ago. All of this was down to the previous CEO and his lack of substance. I still hold those shares, albeit a 200th of the amount I held back then due to the consolidation. They are actually worth more now after the consolidation since the SP has also risen a little since. I actually hold more shares now at the new SP than I do of those which were converted because I've bought more since consolidation. If Stephen was still at the helm following the consolidation I'd have been completely written this share off. It's not the consolidation that has cost you cash. Fact. Google, share consolidations, am pretty sure you'll find all the information needed to help you understand the situation and more also. GL
Dill1
Posts: 812
Off Topic
Opinion:No Opinion
Price:1.825
ECR
Fri 17:26
CEO we will have to get big news in order to knock this 2p door down
SuperMonkey
Posts: 86
Off Topic
Opinion:No Opinion
Price:1.825
RE: PitterPatter
Fri 16:46
No body is saying you haven't lost money kelladee, the point is that you think the consolidation has cost you money which is incorrect, here is an example

you purchase shares @ 1p say 100000 = £1000
you hold these shares
they drop to 0.8p pj and ginger doesn't deliver
you hold
they drop to 0.5p ginger failing and pj on his bike
you hold
they drop to 0.01p
you look at your 100000 shares to find they are worth £10
at this point you say ive lost money...

Consolidation then takes place @200/1
your 100000 shares @ 0.01p goes to 500 shares @ 2p = £10

therefore its not the consolidation that has cost you money
A subtle concept, I know

Anyway licence and drilling progress seems very slow of late, some activity from the company would be a welcome change!
kelladee
Posts: 120
Observation
Opinion:No Opinion
Price:1.80
PitterPatter
Fri 15:49
ECR - Before consolidation in Nov 16 - I had 1.4million - con at 200/1 -left me with
9500 - The money I spent on the share was around £2700 - I purchased a further 10,000 recently
total amount now 19,500 - at the current value worth around £360 - So please how
can you say I have not lost money.
K
Dill1
Posts: 812
Off Topic
Opinion:No Opinion
Price:1.80
ECR
Fri 15:25
Good news




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