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ECR Minerals Share Chat (ECR)



Share Price: 0.23Bid: 0.22Ask: 0.24Change: 0.00 (0.00%)No Movement on Ecr Minerals
Spread: 0.02Spread as %: 9.09%Open: 0.245High: 0.245Low: 0.23Yesterday’s Close: 0.23



Share Discussion for Ecr Minerals (ECR)


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fishing
Posts: 1,697
Observation
Opinion:Strong Buy
Price:0.25
sqiff
6 Jul '14
for me I trust whot the board will do with the tax loss, I guess after the 15 we will get rns on how they are going to use it, they should already know , I am sure they know more than us 3 put together on this issue
 
DeanWindass
Posts: 1,087
Off Topic
Opinion:No Opinion
Price:0.25
Fishing ...
6 Jul '14
Sorry fishing. Not biting. Good luck to all those holding and all those who got out of ECR selling into this little rise. I expect more profita taking and people getting out fearful profit taking may take this back. If you think this has good long term prospects, fine but, as I said, I'm happy to watch and anything I've had spare has been going into LOND until a few days ago when it appears yo have bottomed out. I expect that if this rises dramatically again ... just as it did last November, it will fall again as quickly and some will get their fingers burned as people post on here this will reach 1.00 or more etc.. I saw it all last November when MGA tax losses were a part of the debate that allegedly fuelled the rise to .7
squiff
Posts: 8,887
Off Topic
Opinion:No Opinion
Price:0.25
fishing
6 Jul '14
here i am.

my views havent changed

it will take an eternity for ECR to materially benefit from the tax loss.
people on here were whoop whooping as if you had won the lottery... comical...

its a tax loss.
it can be used to offset profits that MGA records in the future. i reckon that $80m of profits will take a minnow like MGA about 50 - 100 years to offset !!! (just remind me ECR's last 5 years PROFITS to see where im coming from)
..

Now tell me just how a subsidiary of ECR with no cash, is going to start a venture that becomes profitable..

regarding JV's..... the "other" party doesnt magically get its hands on the tax loss...the tax loss is attributable to MGA's portion of the profits that any JV makes.... they cant "share" it...

Potentially ECR could invest cash (ummm dilution) into MGA to get something going, but it would be futile imho...

the only scenario i can see having traction is where there is a project owned 100% by XYZcompany, who are sitting on an absolute gem of a project, but have no cash, ..... now, instead of them raising funds the usual way, they allow MGA to enter (for free) for 50%...yes.. for free....
and the deal is structured that MGA carry all the costs to get this little gem up and running ..

MGA win, because they have a proven resource to start mining, and will rush to do so to get their hands on the profits so that they can start using the tax losses...

XYZ win because they get a free ride to 50% of the profits....(the same as if they had gone finance route and diluted 50%) , but with ZERO risk cos MGA carry all the costs to achieve specific goals...

completely uncomplicated from a tax position, from an equity position, and the only stumbling block is that ECR would still have to front the cash to get it going.... big dilution....

like i said before... its like having a mate owing you 10 grand but knowing he doent have a pot to p155 in....
means naff all till he gets a job and earns enough to start paying you a few quid here and there....

i seriously believe this will fall back to 22 monday.... once the wise have creamed 10%

itogon is what you need to get this shifted... and its capable of doing it....
forget sdlm
forget the tax loss for now
forget themac for a few years

itogon comes up with the goods I can see a healthy support around .3 maybe .4
but thats £12m mcap so they better star producing profits of a few million ... not easy considering that once they prove the resource is there and is financially viable, they will need an injection of cash to get things ramped up....

I still believe ECR need £1 - £2m to put into Itogon to start seeing a return....

there will imho be a minimum of 4 billion shares in ECR by end 2014 - mid 2015
thats potentially a 20-25% dilution on your investment.... and to me its as plain as the day....

but...atb and gla..
forest4032
Posts: 3,225
Off Topic
Opinion:No Opinion
Price:0.25
copper at new high
6 Jul '14
Copper hit a new 19-week high overnight after climbing 0.4% to end at US$3.28 a pound.

The metal is now up 9% since the recent low on June 12.

Boosting copper overnight was positive U.S. jobs data, as this shows a strengthening economy for the world's second biggest user of copper.

China is also adding momentum to the metal, and earlier in the week the official purchasing managers' index (PMI) delivered the fastest manufacturing growth for six months
Anth72
Posts: 153
Off Topic
Opinion:No Opinion
Price:0.25
View Thread (2)
RE: Only the start
5 Jul '14
Hey LG, great post and informative as ever !
I'm just spit balling here but I'm also in MSMN and they are ripe for a partnership that would benefit both companies.... And they are of course Australian :)
Just a thought. ATB holders and let's see more blue next week !!!
serpico1010
Posts: 394
Off Topic
Opinion:No Opinion
Price:0.25
15.07
5 Jul '14
Been here sometime and when ecr falls back to or even past my average it crosses my mind to sell but I never do. I know others feel the same and to be honest if your portfolio doesn't have ecr you're in the wrong game. If you sell before 15th you're insane in the membrane.
Boffin
Posts: 1,059
Observation
Opinion:No Opinion
Price:0.25
fishing
5 Jul '14
Essentially that's what my notion is but at the same time trying to get some short term value for Themac which will otherwise remain a theoretical asset for the foreseeable future. But to get a decent deal that way we really need to have an alternative with someone else. Probably just using the MGA tax loss. That might push Maloney into a worthwhile deal as I'm sure he would like ECR's blocking of the grant of security over Tulla's loans to Themac out of the way. To do that he needs our Themac shares.
tryfan
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.25
Tour de France
5 Jul '14
Sorry folks ,wrong board
tryfan
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.25
Tour de France
5 Jul '14
Just watching all the riders cycling through Yorkshire surrounded by Skodas belching fumes into their lungs ,when all they desperately need is clean air and 02 Step foreward TESLA Great opportunity to get the brand onto the world stage with no coughing and spluttering cyclists left in your wake . TESLA TOUR DE FRANCE 2015 Got a ring to it as well.
fishing
Posts: 1,697
Question
Opinion:No Opinion
Price:0.25
boffin
5 Jul '14
Best way to use tax is to do a jv we keep the gold plays; they pay us cash , then they use the remaining amount, for tax rebate; then we go on our own with cash in the bank, will that work?



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