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ECR Minerals Share Chat (ECR)



Share Price: 0.2025Bid: 0.19Ask: 0.215Change: 0.0025 (+1.25%)Riser - Ecr Minerals
Spread: 0.025Spread as %: 13.16%Open: 0.20High: 0.2025Low: 0.20Yesterday’s Close: 0.20


Share Discussion for Ecr Minerals (ECR)


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AntonKett
Posts: 1,973
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.23
Great things happening
4 Sep '14
Slowly accumulating......

Waiting in the background at present.
 
johnsp
Posts: 1,109
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Opinion:No Opinion
Price:0.24
View Thread (2)
windyass
4 Sep '14
"such a small credit facility"

really? you consider a credit facility in excess of market cap small!
you do understand itogon and slm are very cheap operations?
Arsenal221
Posts: 29,789
Off Topic
Opinion:No Opinion
Price:0.24
Morning johnsp & all
4 Sep '14
I could not agree anymore & now that the funding is in place & we know that Itogon, also SLM are both looking better than what was originally thought they would.

Obviously there still is MGA & what Ecr have come up with for the use of it which I am feeling very good on.
johnsp
Posts: 1,109
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Price:0.24
View Thread (2)
anyone who
4 Sep '14
reads and understands the terms (detail) of the facility with YA will realise a couple of things
1: the terms are massively in favour of ecr and existing shareholders
2: YA can't short
3: it's the largest facility YA have ever arranged and in excess of current market cap. (they must be confident)
4: the rns tells us of more than one acquisition target
5: itogon and slm are fully funded!

I am very very happy with this (never thought I'd say that about a YA deal)
DeanWindass
Posts: 1,165
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (6)
RE: Is the amount of money at ECR'..
3 Sep '14
There is an element of "what were the BOD supposed to do instead of this?" ... yes ... tying YA up like this shows, like thinking through a game of chess, the BOD thought through pretty much every way they might get shafted and sought to organise credit protecting them as much as possible. Quite brilliant ... I DO get the sneaking feeling recent RNS are laying the ground for something juicy ... but I can't see how such a small credit facility will buy ECR into a business to the extent MGA's tax losses can be utilised ..... looking at the figures involved in THIS deal http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20120809000081&cid=1102 which mentions the cost of mining in Australia resulting in gold being left in the ground .... but this might also be worth a look .... http://www.mining.com/tag/australia/ ..... the MGA tax losses NEED profit ... who is selling profitable businesses ECR can afford?
JDwag
Posts: 1,963
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (6)
RE: Is the amount of money at ECR'..
3 Sep '14
I must say, I don’t know what to feel at this fundraising!

On one front they need capita to grow their business, but on the other hand, they have let the ‘dark arts’ in YA Global back into the bed sheets within the company, anyone remember the YA Global Equity Sway in August 2012? (I still shiver at the thought of it). One thing is for sure there was clearly a struggle at getting ‘conventional’ funds via the market at a competitive rate (AIM is a total disgrace ATM), so they have gone down this road instead.

I would say that I have de-risked out of ECR considerabvly over the last few weeks because I thought a damaging placing was coming, on that front I was wrong, however, not sure if I am a fan of this either. Still holding 10m shares.

Hope you are doing well Basketcase....

JD
johngilchrist
Posts: 3,762
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (6)
RE: Is the amount of money at ECR'..
3 Sep '14
eventual dilution all depends on where the SP is heading.

Tell you one thing, I don't think I'll ever choose to play poker against PJ. Never seen a funding deal stitched up so cleverly.
Liquid_Gold
Posts: 529
Off Topic
Opinion:No Opinion
Price:0.23
Resident troll
3 Sep '14
Enjoy the humble pie as you said Itogon was abandoned and Patric Barry a fraud.

You said MGA business cards were made up, wait and see

You dismissed the crusher wait and see.

You said imminent placings for over 9 months and now shove $10m in your pipe.

You have caused more disruption on here than your counterpart in fact you write like him with all.....those......dots.

You lied and mislead this board with utter waffle, did Paul call you back ? No because you never called him.

Do us all a favour and disappear as you have slated ECR and stop pretending your one of us your not.

You even suggest tonight that the BOD must know what they are doing! Of course they do the YA deal has been on the table for months not a pint and a packet of crisps meeting down the pub, it's $10m more than our MC.

Give it 10mins and you can log on as the other waster.......dot......same poster......

In fact cause chaos for 10 days like last time and I'll pick up those .20 cheap shares to add to my increasing holding.

Good night
Liquid_Gold
Posts: 529
Off Topic
Opinion:No Opinion
Price:0.23
How go spend $10m
3 Sep '14
TGR have had $100k upfront and a further $300k upon 200,000oz resource being proved and a further $500k upon the mining licence and a final payment of $500k on production, what a deal for TGR, well played Mr Barry and TGR have less than 2m shares in free float, glad I hold.

TOTAL outstanding $1.3m

SLM - unknown costs at this stage.

MGA - unknown costs less crusher max $200k ( I'm standing by my research )

ECR - running costs check the 6 months financials.

ECR are financially secure now and it's in their own hands to get earning from the gold in the ground and the price of gold will continue to recover.

Roll on 2015 never mind the blockbuster MGA news, shareholder value for the real holders will be realised over the next 12 months.
Basketcase
Posts: 1,811
Off Topic
Opinion:No Opinion
Price:0.23
View Thread (6)
RE: Is the amount of money at ECR'..
3 Sep '14
Anyone any ideas how many shares will be in issue if the whole $10m is borrowed?



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