If the Itogon project's costs are as low as is hoped and the gold price stays firm THAT is what I think will make a difference to ECR if they can keep cash flowing. The MGA announcement? We'll see. If it is a genuine game-changer, we'll see money come into ECR and the SP rise without selling into the rise as there is genuine value and progress to rate for. If people start selling into this rise then it'll just be another hysterically ramped spike in ECR created so a few traders can nab a few quid.
It DOES seem as if the BOD are trying to run a tight ship which is reassuring.
Thanks for posting the link. I've saved the page. I tend to be wary of web pages serving investors as anyone can set up "insiderinvesting.com" and fill it full of ramping tips as used to happen in the pre-internet days in "penny share" guides sold by mail order via ads in Exchange & Mart and Foulsham's Almanac.
However, this looks worth a read. GLA today. We'll soon see how much potential ECR has and how much of that potential is factored into the SP. As I've said before, when ECR release some RNS about voting rights changing because someone has bought loads of the stock, I'll believe it. In the meantime I find it hard to believe something with this much alleged potential is being so stubbornly ignored.
I don't believe IIs ignore value and if something sounds too good to be true, it probably is.
Just thought I'd use this quiet time to record my respect to john on his info. Let me be unequivocal.....he was right, I was wrong. Both the assignment and thence release were far more advanced than I believed.
Very pleased, however, to be proved wrong. It's not often one can say "older, wiser and..........richer" :)))
In case johnsp doesn't get to read this (he's away surfing) I'll re-post when he's off his SB and back on this BB lol.
More news in the next couple of weeks on SdlM and Itogon.....happy days.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.