"and a new set of prospects. The same prospects pretty much, but just different, now they are real"
sorry... run that one by me again.. lol
yes.. lets run throught the prospects;
themac... WORSE than before ... as it was previously worth, on its own, in excess of 130% of the MCAP of ECR on its own... and now its less than 15% of its MCAP, but is in actual fact one of the only REAL assets... SDLM... the same... still marginal... drill revealed all but the same data... and previously they said themselves it was inconclusive... Tax Loss: officially usable now, but was always going to be if things were satisfied...still no value until profit making imo. RR, WWI, ACS, (the only group money maker) all gone. Debt:gone... one thing the board deserves a real pat on the back for... Itogon: in Stephens own words, looking promising but not yet proven economically viable (but almost certainly will be)
and for your info, I held 6% of the stock, not 1%... so your a little out of date.... equivelant today would need 200 million shares...
Notification of Change in Shareholding London: 16 May 2012 - ECR Minerals plc advises that it has today been notified by Mr C. Webb that following an acquisition of ordinary shares of the Company of 0.1 pence (“Ordinary Shares”), Mr Webb is the beneficial holder of a total of 43,775,979 Ordinary Shares, equating to approximately 6.01% of the Ordinary Shares in issue. The Company has a total of 727,409,600 Ordinary Shares in issue with each carrying the right to one vote.
Since Stephen and Paul came to the table after your old BOD they've raised the following;
22/5/13 400m at .10
12/6/13 450m at .10
But more importantly got 158m at .3154 on 30/08/13
So very slowly for you and basic maths mean the higher the share price the less you need to dilute now I know you wish to save all from ECR but when ECR raise again to take SLM into production it will be at a much higher price than before.
Is that easy for you to understand and be reminded I'm here from December 2013 only and so I doubt I'm in trouble with ECR and last week I topped up with £15k in my ISA thank you very much.
You have to be thick skinned and emotional strong to be invested here. I want the ride to be bump. Now it's stuttering, this will get very volatile but much higher IMO. All this that's gone before is just good training..... The strong will rise. :)
"I suggest you ask the contributors to this board what justified the rise to .7. I doubt you'll get an answer."
DW -- there were a combination of factors. ECR was floating around <0.1p in July last year. New BOD cleared the debts through massive dilution and we bottomed out at 0.08p. However in that and the extra placement they managed to get the company a cash position of about 1.1m in the bank. Thing starting to look like a turn around. Then in August AIM shares could be bought in a ISA for the first time and there was much buying which sent the price up. Then there was the draft MGA announcement towards the end of August which in the end turned out to be a false dawn but that brought a lot of people into the share and we reached. 0.5p before the sell off down to 0.25p. Then the resource update pre DFS for Themac it and the price went to 0.6p before falling back to 0.35p Then around the actual DFS the price it 0.75p, once the day before and once the day of the announcement. Then came a massive profit take. Much of the movement was down to traders and followers, Yes there was ramping and then there was deramping but it was event oriented and not on rumour and ramping alone. Speculators knowing there was going to be a flurry of activity and we saw people drawn in at what was then a high price thinking this was it and then seeing that price sold out from under them. Since the big drop of early December post DFS the SP has done what it usually does. Drift down on little news and bump up occasionally on news and the rise gets sold into but the volumes have been much lower that the 0.5billion a day we were seeing during the heavy activity periods last year. I think that is because positions are now being held by most as a large proportion of the holders are probably in above a 0.3p average and won't want to be cutting their losses as they see there is potential for double the current price or more on MGA alone. When MGA finally comes back I expect the next significant spike to happen and I expect it to be sold into. I dare not predict how big the spike will be. Post spike we should see the price settle at a higher level than today as there will be much extra value in the company. Then we start a new period of speculation in what will happen with MGA to monetise the loss and how much ECR can get for it. Will ECR be subject to a bid from someone with a profit making Australian asset who can use the full tax loss. Exciting times and possibly not for the feint hearted.
Just on the wonderful dillution ECR did just over a year ago, it raised my share holding 7 fold ! You can lose on dillution or take advantage. I'd class myself as one who took 99.75% advantage. That's pretty dam hi. A bunch of standard aim investors took down a bod of an aim listed company, big wow. Look at what that does to a share price. Dillution that's occurred here took out the feable and past the baton over to a new bod, and set of investors, and a new set of prospects. The same prospects pretty much, but just different, now they are real. So how do you want to look at it? You held 1%+ with fewer shares in circulation similar market cap, I hold 1%+ with 7 time more shares but probably 7 time less the cost, and sit in profit. Believe it or not I'm not digging, just showing what happens other side of reasoning. Margic21 happens amoungst a fair few others I could point out. Where the company sits now is completely different, where the shares sit now is also completely and utterly different, how shareholders are working with the company, again, completely different. Take my advice, clear the emotion from your eyes on all investments and just go again, when you get knocked down, get back up again. That doesn't mean go where you have been hurt. I believe don't get mad at ECR, get even, open your eyes and take advantage of what's coming next. When you profit, that's the best way to even up. Don't prove yourself to be a hindsight trader.
It was three fold. Itogen news Mga was expected out of administration shortly And ecr's investment in themac was worth a great deal more....at one point our investment in themac was worth more then the total market cap of ecr, this is why the share price bounced from 0.1 to 0.7
Reason it fell from 0.7; Themac lost value Many took profits from 0.1-0.3 buy ins Mga wasn't released from administration
Reason it will go back to 0.7; Mga being released Itogen as I have previously wrote will likely generate net profits in excess of £14m per year for its 10 year life when operational ( based on 1m Oz resource,$1320 gold price,$350 extraction cost based on by nearby mining operations,also based on A huge 50% reduction is gross profits to net profits from tax and operation costs and finally the £14m is ecr's share of the yearly profits and not the total profits
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