The RNS is just an update. Yes, we don't have anything solid yet, but I think they realised they needed to justify themselves to the shareholders as they are quietly working away on a number of prospects in the background...
This 'lack of urgency' as u put it is assuming they decided to do further sampling yesterday when they released rns. I suspect this has been in the pipeline for sometime and bulk sampling takes some organising. If u don't know what it is, go look it up and u might be surprised at what u find. I'm pretty pleased with the decision...
ECR needs an income stream. An RNS that tells us it has taken them this long to decide to do more sampling? The lack of urgency deters me from investing. I'd like to see a more aggressive attitude towards getting income from somewhere. The longer there is no deal on MGA being sold the more I reckon others don't share the BODs opinion that COO rules are being observed. I reckon MGA might be worthless. I hope some people made a bit on the rise yesterday. It may still be possible for some to make money here.
Would drill results after each drill put sp up much? Unless they have massively high results, we still have not even reached earn in yet so we don't actually own any of it yet! I think it would serve to boost morale / sentiment if it improves our news flow :)
Don't forget MGA is a tax loss, anyone buying it will be buying it for the purposes of writing off profit , and that is the profit that they have at 30th June - Australian tax year end. So .... if.... MGA will be sold it is highly likely that it will come before then, so if you believe that, then this is a no brainer from here on that alone.
This could go on the mother of all runs with drill results , bulk sampling then MGA in June as the Cinderella story, investing / trading is not about avoiding risk as some people seem to think here, it is about taking the right risk and that means when there rewards are big.
The end and they all lived happily ever after .......
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