So when YA debt is paid off and we look back at what the facilty enabled ECR to do and calculate the shares added ask yourself was it the right think to do and there won't be an alternative answer (of which the bashers can try their best but won't win)
YA Darwin Bergen etc are used by 90% of exploration companies who need help its that simple
ECR get NI-143 out of it and thats the golden bit of paper that matters and not even how many ounces are written on it as at this point it is an official footprint of the potential which has extensive data of untapped enrichment in and around and under the supergene blanket
I recently had a Q & A with Mr Clayson and Mr Watts and so I'm able to cut through 99% of the rubbish written by the resident bashers who serve what purpose exactly ?
Lets debate, lets agree to disagree but the facts won't be hidden and the BOD have been in the UK all of this month any have invited genuine shareholders to contact them, how many of you did ?
I have an extensive summary and will stand up for a share I believe in and care not for the people who doubt it and as with all exploration companies there will be peaks and troughs
T. Forgot to add that a little research can do wonders for one's faith. For instance, if we know what gold is fetching in the market, it makes it easier to work out what profit a Company is making should they get to the production stage.
This YA deal has $7.5m on drip if needed but ECR IMHO won't call any more off this year as exploration costs are now done
So what Clayson has done is a coup and even acknowledged by Paul Johnson at the weekend further more he said Stephen is a determined young man who's aleeady taken an exploration company to producing - how many of you knew that
Dick Watts has vast experience and I found his knowledge of how to get things done correctly re freshing 'the bald eagle'
Yet to meet Bob but his CV is what we need someone to get NI-143
William (Bill) Howell (aged 70) is a geologist with 48 years of experience in the minerals industry. Bill holds British and Australian nationality and is currently based in Vietnam. He graduated from Southampton University, UK with an honours degree in geology in 1966. Bill is a Fellow of both the Australasian Institute of Mining & Metallurgy (AusIMM) and the Society of Economic Geologists, and is a Competent/Qualified Person for JORC Code and NI43-101 reporting purposes. He is listed as a Senior Associate Geologist with UK-based geological and mining consultancy ACA Howe International Ltd.
T. Have seen it mate, and to use their 1st line: We can’t count how many articles we saw today, bemoaning gold going down. All's I did was went looking why they said it. To me, it doesn't do any harm in keeping a finger on the pulse, if you get my drift...
This subject always makes me smile, especially when the bashers jump on it as if its a negative!
Without this funding deal ECR would have a monumental struggle trying to go forward with the Itogon resource estimate, not only does it provide the funds for the prior drilling etc, but it also gives ECR access to funds to follow through with the mining licence and fees to TGR for the 50% earn in rights......if/when they need it!! *(?)*
The mining industry has been on one big bear run for a number of years as we all know, and small company`s like ECR have had an uphill struggle to find backers who believe in them, to stump up the cash so that they don`t have to worry about paying their costs while they prove up what they`ve got...and many have gone to the wall the world over. With us its a dripfeed of dilution, so what.....slowly slowly catchee monkey!
Keep bashing this deal as much as you like derampers, because what you are doing is actually carrying a big banner saying `WE`VE GOT FUNDS`!
All small miners need funding, in whichever way, and plenty that went down the pan would love to have been in ECR`s position.
SLM and MGA still have value too, to the `right` company!!!
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