Yes operational stuff takes a back seat for September and at least 3 massive news releases on MGA progress. This is the game changer in the short term and IMO why the SP hasn't moved yet. We could see a decent shift on positive news here on the tax loss. This is what long termers have been waiting for....
again I see it... good news and a SP rises, but as a few sells come in the mm's drop the price a bit to get a few more buys then they drop it again and it sets off a sell frenzy. If the mm's held out a bit they would get a better return in my opinion as the SP would stabilise and they could start again from that level. It would also bring confidence back to any share that is continually sold in to (which is most of them at the moment) . Simples as they say !
I agree with all that's been said especially that AIM seems to be a school playground where the kids are buying shares and selling for the smallest margins for their next packet of sweets and it's getting worse however the more experienced and mature shopkeeper will be stocking up on ECR goodies being bought at basement prices and offloading to the kids later in the term.
ECR now has a 3 month operational quiet period with no real news and the share will test the .22 area again which is fine by me as I'm accumulating and for these reasons;
Itogon waits for QED let's say we don't starting drilling until 01/10 then it's either phase 2 on its own which will be one month and then another month for assays so 1/12 and add another month if phase 3 follows on straight away so my timescale is next real news will 01/01/2015.
SLM is now indicating more gold and in areas not visited before and they are repeating what they did at Itogon in being thorough and maximising the drilling campaign, this is another 3/4 months away so again 01/01/2015.
Both gold plays show high grades and plenty of it, so these are both in ECRs own hands and this is the way they have chosen to go about it, what more can they of done but to tell us we have 2 gold producing assets potentially coming on board in 2015, two out of two and great progress.
Forget Themac until next year too.
MGA leaves administration later this month where I have my own suspicions of what's going to happen.
Now I'm that shopkeeper who will always be here and I'll wait for the children to return except when they do I will have a bounty of ECR goodies and when I've sold them I will retire.
IMO there are only two things that can moderate the AIM casino. One is to increase dealing costs to make short term gains less attractive .
The other is that sooner or later because just about every AIM share, good, bad or indifferent is involved in this daily pumping, dumping, high frequency trading and general autotrading ritual the returns from this sort of activity will diminish.
I believe that it will be sooner because more and more punters can see through this daily ritual and will no longer be lured into buying on the back of superficial intraday percentage rises because their experience will tell them that they will left nursing the inevitable losses.
Maybe I am wrong and there are still plenty of suckers prepared to pile in on the back of rises (the BBs seem to be full of them) but surely they must eventually learn or lose their money.
I live and continue investing in hope and try to only stick with potential long term winners (long term being 6 months as opposed to years that oredated all this selftrading lunacy)
So the idea this spring / summer was to look at further drilling on the JV-14 area. Now, we're considering a drilling program on not just the JV-14, but renewed attention on Maestro and El Abra too.
“The recent site visit by Neil Motton and Richard (Dick) Watts justifies renewed attention on the El Abra and Maestro Agüero prospects. While it had been intended to make a decision as to whether to carry out a drilling programme at the JV-14 prospect on the basis of the trench sampling results, it is now considered appropriate for Ochre to implement the detailed recommendations of Neil Motton prior to considering a drilling programme that might encompass all three prospects."
Bottom line - this piece of ground in Argentina is today considered far more valuable than it was a few months ago. This is getting bigger and bigger - should be an interesting few months ahead. Good stuff!
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