...that I had loaded my SIPP as well as my ISA. Shame that transfers can take so long especially when it's me that keeps forgetting to complete the paperwork. Looks like we are getting some positive attention from more than day traders now.
First post this year so it's going to be a big one.
A warm welcome people here for the first time and people returning from their endeavours elsewhere. I've been here longer than I care to remember and don't know the order this will unfold over the next few months but it is starting to feel like the time I have been anticipating for over a year now. There's quite a few long term investors in here and together we have a significant holding in ECR and we can say the future is not orange, it's much more golden than that. Look at the regular posters, particularly Liquid_Gold he posts so much that it can be hard to keep up with it all but he is very well researched on ECR and areas around where ECR have interests.
Still not sure what to make of the Lithium project as I am very unfamiliar with Lithium mining and can't forecast what this could do for the bottom line. It looks very sensible considering the demand for battery technology at the moment. I don't agree with the poster that was thinking Hydrogen Hybrids would take off and electric would decline. The people that have divested from Tesla didn't do it because they are giving up on electric cars. They probably did it because Telsa put a lot of patents into the public domain making it a less sound investment and not something they needed to be a part of to benefit from the technology. And given that laptops tablets and smart phones and all the phablets hybrids are being replaced in their 100s of millions every year I can't see the demand for Lithium drying up for a decade or more so on balance I am even more excited to be here....just don't know how excited I should be.
So MGA and SLM should have some solid news that will actually move the SP early this year. If they come together then I hope I don't sell to many on the first bit of news.
Itogon resource estimate anything near 800koz and above could also move the price this year. Not expecting a sale or production there this year. We can renew the EP one more time later this year for another 2 years then it has to go to bed or to production, so we could be left dangling there for a couple more years. If we can get a production license then the value of the project becomes quite substantial. If the predicitons for the price of gold are even half true then you could pick any share price between 2.5 and 6p+ in that time window and you could well be under. I wonder how many of us will still be here at that time. It may take a big set of ball to hang on to 10m+ shares for 2-3 more years to see it but I am really starting to believe that it might be on the cards again and that's just with existing projects. It seriously looks like we are backing a winner here.
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