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Rns out
Talkingsense - what's your view on this? since you think I'm all doom and gloom......
Craig Brown sorry. It was quite hard to tell to be honest, and not sure what 3 'lots' of results are but I specifically asked about Cresswick in what was a hurried landing phonecall while at work. Haha
did he sound happy or depressed when he told you? ;)
cheers for update
Hi, quick update - I have just spoken to Chris Brown who advises that 3 lots of results have come back and an announcement is due next week.
I do appreciate the frustration, but it does take time. Galileo resources confirmed an initial JORC resource estimate yesterday and judging by the RNS trail it was October last year when they last updated the market with deilling results so clearly ECR are not alone in staying tight lipped. They have invested a lot in speeding up the process however, and my thoughts are if suppliers are still happy to accept shares instead of payment and ECR are still tweeting pictures of gold nuggets then the news should hopefully be potitive. Thats the risk of course, and the nature of AIM investing. This share moves on very small volumes, both up and down so the rise on good news could be dramatic (likewise the fall if its bad). I am happy with the risk/reward balance and see no need in selling at a loss before the very announcement I bought in for even arrives, but appreciate that some people may want out - your choice at the end of the day.
Wow, The doom mongers are out in force today.
Historically ECR does not leak.
Could be that the delay is because they have found significant gold and they are taking the extra time to produce an inferred resource estimate.
No-one knows the reasons for how long the results will take or the reasons for that timeline.
The fundamentals and potential here remains the same as it was a week ago so I will be holding for the sampling results... and maybe having a cheeky top up.
I'm still a fool as I still haven't sold even though I've said I should, ha! The thought of missing the chance to break even is worse than the thought of cutting my losses before I lose more! I've not got much invested here so the loss is manageable and I'll stay until the RNS and sell as soon as it hits 1.15 to break even or equally, if the news isn't great I'll sell at whatever it opens at
I said the same thing weeks ago and I got shot down. Something is not right. I think the results are not as good as expected hence delay. I believe they will come out with the same codswallop that they need to do more sampling and testing. I also believe that the share price will drop to 0.6. The reason im coming out with this is no drive no bull movement no nothing. If it was good news id expect to see more movement. I HOPE IM ALL WRONG!!!!!!!
The longer this goes on with no utterance in any shape or form I do begin to wonder what's going on... leaks are a good thing, news from BOD even better.
No, that's my point. I would have thought if gold had been found, somebody would have blabbed to someone who blabbed to someone etc....and then we'd have seen lots of PI buys. I'm not on about insider trading as we've seen no huge buys and sells and of course, that's illegal but we'd expect to see a flurry of small buys wouldn't we?
Did you notice that 100 share trade prior to the drop.
Probably orchestrated to fill an order that will be reported tonjght/tomorrow.
PIs act like sheep and get eaten by the lions.
You think those tiny sells are from a leak? Highly doubtful.
Hopefully it will all be worth it in the end
Whoever coined the phrase, 'no news is good news' was clearly never invested in AIM gold exploration companies!! I should have trusted my gut and sold at a loss last week but I clung on to the hope this was going to be a good investment. It's been too quiet here. I keep getting alerts on twitter but they're just spouting out old pieces of info and gold price updates. Anyone have any faith a good RNS is going to land? Surely if they'd found done good results, news would have leaked? 8.5 % drop today and right at close which usually means the inevitable is coming tomorrow morning. Hope I'm mega wrong and I get my 1.15 bid, ha!