WTF they sold the entire stake of THEMAC at 54K seriously???
What was the point of that as I would of just left it. When ECR last spiked to the 0.70 it was all because of THEMAC DFS and THEMAC shares were rising so fast back then. They had a chance to take a few million £s for there stake back then and never sold even though they had no intentions to keep the shares in the company long term. I was the first person to spot that THEMAC was removed as an assest on there websit and knew right away they must of sold it. Can't believe they got such a rubbish price for it and no wander why we are where we at. It was so silly they preferred to do a loan facility with YA Global around the same time they could of sold THEMAC back for decent price back then.
Key exploration results expected from current projects in the coming weeks and months comprise the following: further results of trenching at the Itogon project; initial inferred resource estimate and NI43-101 technical report for Itogon; and results of bulk sampling at the Maestro Agüero prospect in Argentina. All of these are potentially significant.
and I thought knowing my luck that when I finally left at 0.11 that good old ECR would kick me in the nuts and land with some decent news. turns out that selling (at a approx. 60% loss) was the only good investment decision I made with ECR. I wish the faithful who have held through thick and thin good luck with this, you deserve a change in fortunes, but if the directors are deferring remuneration, and staff are deferring part of wages, that's really not a good sign. no wonder PJ ducked out.
Well this kills off the greedy Director argumeent; " In order to ensure that key exploration programmes could be completed without further fundraising, a complete deferral of all cash remuneration to Directors was instituted in March 2015, and remains in effect. " Short term pain for long term gain from the directors....good to see. THEMAC gone, Itogon trenching results & inferred resource estimate to come...SLM samples on a slow tug from Argentina....let's hope those SLM & Itogon results are worth the wait.
Im afraid. Not even any jam tomorrow! Almost seems like the BoD have given up!! Bottom drawer and try not to think about it!! Sitting on a painful paper loss. At least summer is here in my part of the world. Good luck to all.
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.