CNr have done a good job with this share....when i saw the agreement with YA you expect this sort of manipulation i remember YA being in FRR and remember the damage that done PJ not a shrewed as he first seemed starting to look like old ecr again like you say any good news and this will be sold into board awarding themselves options too....lets see some income from somewhere first too many projects here !!!! this has been remarked on before i know and totally agree
The big problem we as PIs have is YA are going to hammer this into the ground in order to get as many shares as they can through the Conversion Rate. Every rise for the foreseeable future is going to be sold into by YA and that is why the SP is tanking here as people see ECR’s immediate SP future doing nothing, IF ANYTHING GOING DOWN.
The Options that the BoD granted themselves are a scandal, which is growing by the day.
Call me a suspicious man, but does anyone get the idea that the BoD are giving YA as many shares as they can in order to get all of their resolutions past at the AGM (including the Options)?
I can't believe how far this has dropped back after all the work done last year being undone by YA and CNR.
I usually believed that good things come to those who wait but not in AIM as they just hammer you down the longer your in and they never reward the ones who are patient but the ones that just jump on the boat at the last second when something good comes out.
They messed up not selling there THEMAC stake in 2013 when they came out with there DFS and could of had another $2 million in the bank but now its worth $100k.
They have been slow to update on SLM and really not given us much on MGA either.
Only progress is in Itogon but that will take time and alot of work to get that off the ground so people can just leave and come back for that later.
They are interested in the Thailand project and are doing there due diligence which i hope if worth while is there last added assets for a long time until huge progress is made on there current assets as they could spread themselves too thin as more assets more costs and with this company that just means they happy to dilute!
...the BOD pay off the $10,000,000 loan early, they will have to pay 10% interest PLUS 10% 'additional charges' on the loan taken out. Not much gonna be left out of that MGA money. If anything. Hmm... Obviously no income coming out of SLM for months at least - not even an RNS saying we've started mining. Huge doubts now over the viability of the Itogon project cos the dodgy government are planning to take a greedier cut from mining companies. Even if it is considered viable for production or sale, when? Lithium? Nothing there for months at least, if ever. Themac is a dead duck with an albatross of at least $40,000,000 debt around its neck, plus accrued interest. I think that was the position last year. And of course the mythical Andrews gold. And with YA (in cooperation with the BOD, it would seem) happily diluting the sp into a black hole, increasing shares in circulation to near stellar numbers - billions - the BOD have a helluva to try and pull out of the hat, just to pull the sp back to a respectable level. Oh, I forgot that they MAY have some new asset, or assets, to bring on board. Well, I just hope they are strongly income producing cos I'm beginning to have a strange feeling of 'deja-vu' with this BOD and the last lot.
wasn't going to do anything else with an RNS like that without an accompanying bit of news saying what they`re actually going to do with it. ok so we have "near future" for SLM update... so, could be a week, could be a month, could be a year.
the next RNS is going to have to be pretty spectacular ... because whats actually going to happen is that any significant rises in SP will be hampered by a mass exodus of long suffering shareholders who just cant wait to get to break even or a small profit and get the hell out of this share.
we`ve seen too many climbs and then been pegged back in the past. how many long term holders will have their finger on the sell trigger button on the next big spike, and that's presuming the next hike in SP does anything other than reverse the losses of the past month.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.