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ECR Share Chat - RSS Feed

ECR Minerals Share Chat (ECR)



Share Price: 0.18Bid: 0.17Ask: 0.19Change: 0.00 (0.00%)No Movement on Ecr Minerals
Spread: 0.02Spread as %: 11.76%Open: 0.18High: 0.18Low: 0.175Yesterday’s Close: 0.18


Share Discussion for Ecr Minerals (ECR)


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TalkingSense
Posts: 4,379
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.24
View Thread (5)
15m offloaded @ 2:41
13 Jan '15
Another YA / CNR offload????
 
Arsenal221
Posts: 30,200
Off Topic
Opinion:No Opinion
Price:0.24
Mav
13 Jan '15
On Ecr being able to make around the 30% mark on MGA that would add a very nice bit to the m/cap.
TalkingSense
Posts: 4,379
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.24
View Thread (3)
RE: MGA
13 Jan '15
JDwag , I agree, realistically the sale price should be between £3m - £8m.
Will give a good cash boost here for a company with an MC under £10m.
Cash is king and this will enable us to pick up some nice bargains in some distressed company mines..as a discovery company we need a nice conveyor belt of projects to keep the cash flowing.
Also would not be at all dissapointed if we 'sold' MGA for an interest in an already producting mine...again would give us guaranteed cash flow and put us in a strong position going forward.
JDwag
Posts: 2,755
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (4)
RE: MGA
13 Jan '15
In this environment? Cash is worth more that that IMHO! for Junior Natural Resources and Explorers it is priceless at the moment, if ECR's is sitting on £3/£4m in the next month or so, the world is truely their oyster.

Some Junior's can't even get funds, no matter how hard they offer a discount to SP for dilution. The market is in an awful state, the one's that stand out will be rewards, it shows the value of PJ striving to get ECR debt free in August 2013.

JD
Akrigas
Posts: 458
Off Topic
Opinion:Strong Buy
Price:0.24
Ticking over
13 Jan '15
Nicely now we should be knocking on the .30p door over the next few days at this rate lovely jubley and beyond thereafter jubley lovely.
Liquid_Gold
Posts: 2,545
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (4)
RE: MGA
13 Jan '15
Mav - great added comments and let's agree to be pessimistic at £3.5m and anything over is added value

If that figure is realised and 1/2 our market cap shall we add 1/2 to the SP .36

But we know that cash in the bank is worth a operational fortune I read an article that real cash is worth 20% more to the holder as it buys deals at discounted rates because tyou can pay straight away

.36 + 20% = .43 ( just my Aussie fag packet calcs )
Mav2
Posts: 4,061
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (4)
RE: MGA
13 Jan '15
That figure is not the value of how much the tax losses will be sold for it was the conservative value placed on MGA in the company accounts. It was around £3.5m I think though I would have to check back.
I spoke to Paul Johnson on the phone around the same time as that RNS he said it was thought they might be able to use around 30% of the tax losses. We now know that MGA can be sold with the 80m tax losses so I would think PJ will be going for around that 30% figure. The figure in the accounts is historic and not really relevant given what we now know about what can be done with MGA.
This has 15-20m market cap all over it in the short term.
nutsy2012
Posts: 90
Observation
Opinion:No Opinion
Price:0.24
Shortlist for takers of Tax Loss?
13 Jan '15
Has anybody published on here a list of the Aussie Companies who are in the frame to buy the tax loss? Would be very interesting to see if they have any producing assets they could potentially swap with ECR...
fishing
Posts: 1,851
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.24
Going up nice
13 Jan '15
Another sell later by ya this is looking great
nutsy2012
Posts: 90
Observation
Opinion:Strong Buy
Price:0.24
View Thread (4)
MGA
13 Jan '15
£2-3m seems awful cheap to me.. Would be disappointed if ECR accepted less than £5m for it.... It's got to be worth that as a minimum and if there is strong demand for it then we could see closer to £7-8m. Nice.





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