JEP450Posts: 1,089

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Arsenal
7 Jun '13
The good thing is that we have worked in to the market all the placing shares in the last week and a half and are still sitting here 3pts higher than the placing price.
I also think a lot of the shares have been taken out of circulation by large II's buying on the market, would like to see the website updated for the large shareholding now to see how many shares are still in free float.
IMHO there are not that many so any news now will send this north at a rate of knotts
ATB(JEP)
theicebergPosts: 2,606
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BC
7 Jun '13
Yep PJ wont confirm exactly, but i know hes talking to the insurance company and will have a very strong timeframe from them, given that the few weeks comment was now 2 weeks ago....
Arsenal221Posts: 18,549
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Afternoon all
7 Jun '13
Sounds very good that ecr should have some news on the tax loss sometime over the next 2-3 weeks.
BasketcasePosts: 1,316
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iceberg
7 Jun '13
From what I can find out, the tax loss won't be too much longer, weeks rather than months :) The sooner it's returned and an RNS released the better, and who knows we may end up with a small bit of the equity swap going our way ;);)
JEP450Posts: 1,089

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Iceberg
7 Jun '13
Thank you
All your thoughts and Insights are much appreciated
ATB(JEP)
JEP450Posts: 1,089

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ICEBERG
7 Jun '13
Is this one of the subjects you touched on when you spoke to PJ??
Not that you are able to give away too much yes or no answer will do...
ATB(JEP)
theicebergPosts: 2,606
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JD
7 Jun '13
Yes, otherwise I wouldnt be invested here tbh. I also think that just an rns saying that MCA is now back in the fold with the tax loss asset now in hand, will add a very significant amount to ECR.
All the best.
JDwagPosts: 601
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Iceberg
7 Jun '13
You still think the Tax Loss RNS is only a matter of weeks away? I just don’t know myself, even if they do get full control of MGA it may still take a while to sell on, unless of course all of this has already been dealt with?
I have a meeting for an hour, so will be in later.
JD
theicebergPosts: 2,606
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Totally agree JD
7 Jun '13
they need money and are planning to get it from somewhere, I cant see that there will be another placing either, but have been wrong.
Re the previous bad management, Yes it would be better if they didnt have this baggage, however if they didn't then the SP wouldn't be this low for us to buy in at....nor would it have the potential upside.
That the BOD are dealing with everything and dealing with it very well is really what is giving peeps the belief that it ECR is very much on the up, They have steered a course though the rapids, only a tiny bit left, the promised land on the horizon very much in view..:)