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"it's all jam tomorrow until they get an inferred, indicated, and measured resource. anything else is just there own guess and the way they want to spin it out to the public. they can and do talk it up, but strip away the 'expects' ' i think' ' very very soon' and the 'quite encouraging' and what have ecr actually achieved / got?"
Sausage, you've just summed up 99% of the AIM market.
not said in a derogatory or deramping way. very knowledgeable. you clearly listen to a lot of the podcasts as the language you use is very similar to mike ******* when you say "absolute beast!" for a moment i was going to call you a younger version of mike ******* !!
the only thing i would disagree with you on in your last post was the "fully funded for the year" they raised over £1m in 6 months based on the rns dates. with all the multiple sampling, trenching and drilling programmes i do feel by the end of the summer they will be out with the begging bowl again. if they got through enough ££ from septembers 23 raise to warrant another raise in march 24, then all this extra activity will only consume more ££.
ecr are still not selling any gold. the facts of the matter are they are only sending samples away. they have no announced plans to start producing, but what they have employed is a scattergun approach to comms. repeating the same stuff by nick and mike across multiple investor platforms. it's all jam tomorrow until they get an inferred, indicated, and measured resource. anything else is just there own guess and the way they want to spin it out to the public. they can and do talk it up, but strip away the 'expects' ' i think' ' very very soon' and the 'quite encouraging' and what have ecr actually achieved / got?
TS ..
I agree with the selling.. I think it's still a churn of placing shares.
It makes no sense otherwise as I cannot see that anyone who was in at recent weeks/months making any profit.
The only other explanations are distressed seller, and/or shorting.
But I doubt it would be shorting with news on the agenda.
I can't see it being the Telegram groups..who would be selling in bulk like that to drive it down? It would mean some of the group making a loss
Thanks Sausage, You're so kind.
No, not and employee of ECR (and I'm not going to do the petty thing and start to accuse others of being paid derampers)
......I just pay attention to the actual news and activity from the company and cut out the 'noise' and ramping/ deramping that there is on a lot of on BBs.
My guess is that there is one big seller that is riving down the SP (one of the 0.175 placing takers probably) .
I can't see why there would be another reason for someone to be selling 2.5, 3, 4, 5 million share chunks at the current level.
The upcoming activity and potential property disposal and other potential revenue generators has been in RNSs and interviews over the past 6 months for all to see.
I just asked myself if there are many companies out there with a c£4m mcap who are fully funded for the year, have multiple sampling, trenching and drilling programmes, have assets the quality of Creswick , Blue Mountain and especially Lolworth.....I mean did anyone actually look at the Lolworth sampling results from last year ??? ...one was over a kilo a ton (and yes that is an anomily and not the norm....but there were excellent grades with an ever increasing area of gold potential) and that's not even mentioning the REEs and Lithium......Lolworth could become an absolute beast!
Fully funded so little risk in the near term, and multiple potential game changing activities/ opportunities ....and that's why I've topped up another million shares over the last week.
TalkingSense,
You do talk with a great deal of knowledge, almost, in my opinion, too much knowledge for someone not employed by ECR.
A question for you TalkingSense, are you employed by ECR in some capacity?
Absolutely TS. 100% agree.
Techtonic, I agree that the BOD need to temper their optimism a bit and stick to the activity and be a little more pessimistic on timelines.
There is plenty of activity coming up and as you, pre-empting an improvement in grades leaves little upside even with positive results.....just say that they are being re-tested to be thorough/ get a full understanding.
I think the narrative is hijacked by some as there is a great deal of actual positivity as far as operational activity is concerned....we've move away from lumbering from one piece of activity every quarter to starting a drilling programme at Creswick within 3 or weeks of announcing and having upcoming activity scheduled in Tambo, Lolworth, Blue Mountain and Baillieston.
The BOD have put their foot on the accelerator as much as you can reasonably do in an exploration company and I am confident that ECR will be in a much better SP range by the end of the year (probably with a number of swings on the way)
Nicepair desperate for a reaction.
Didn’t Say Anything About This …..
Like I said the setting up of time-frames and expectation by using video comms has a short time frame.
Without hard news , it sets an agenda that it can be traded.
And by hinting at widespread good grades at bulk sampling, this can set up for failure also .
I think the BOD - while enthusiastic and pro active - are a bit naive with this. The market obviously only wants to see hard evidence now.
Could do with the BOD learning a few lessons and surprising to the positive.
It's playing a poker hand with all the cards face up.
Expectation - tax losses/JV/ high grades etc creates disappointment in the vacuum of news
I think that is their actual aim and the story so far (since last October) has been to set that in motion... but it does not happen overnight.
I guess you have to use language like 'in the coming weeks' and 'shortly' when you hope to report news soon but you don't actually know when.
The asset sales and cash raises made sense and were necessary to facilitate the ongoing work programs. that has 'steadied the ship' but the results definitely need to do the talking. I still think news this year has a very high likelihood of leading to a double figure MCap and an SP between .6p and a penny. How high would depend on the news.
Multiple positive outcomes could take this above a penny with ease. The range of assets are very tasty. They have too many though and surely must partner on one of them in the near to mid-term....
They’ve attempted to create faux hype since they took over. I get it, but the market hasn’t bought it. Let the actual news do the talking.
It needs results, the market got wise to the small talk years ago unfortunately and that will no longer wash. As soon as volumes start to increase those that have sold will scramble to buyback. Like I said, they need to stem this "this week", "weeks", "shortly"
Morning Nostradamus... very annoying but I think you might be spot on...
Watch it correct tomorrow in expectation of RNS(s) next week.......
'Because I don't believe they will succeed, I've been here a while TT and I've been in the markets close to 20 years, I've seen it all. My opinion is based on behaviour, starting when MW/NT took over back in August. It was traded 0.19 - 0.24, it was suggested at the time by MW that this was a "trader". You take 0.29 and 0.24 looks nailed on, except we've seen strong support kick in which has resulted in them having to buyback in, somewhat aggressively in fear of being locked out. Like most LT holders here, I can't commend the new bod highly enough, what they have achieved 8 months most AIM fail to achieve in 8 years. Some sustained news here without pre warning should do the trick.'
.........yeah, nicepair a legend in his own bath-time.......🥴
Gives one a nice idea of what Nicey is all about.... UKOG...lol
UKOG ?
Wrong board perhaps...?
……these lab delays are not ideal !!
Holders here sold yesterday chasing GBP and PTR thinking there will be a major UK oil company jumping in the namibia area and acquiring acreages so they will seek to buy both companies. The fact is there is exon mobile already there for four year and showed no interest in both companies.
There is however a new team of twitter young chaps from the same country, they manage an attack every few weeks and make bobs from their victims. I guess our chaps will return to buy at higher prices and lose some chares as usual.
Scarlet, Adding value to the board as ever I see....I would say it's bottomed.....buys coming in now.
...... How low can it go ?
Yes indeed TS
I'll have another 500k.....back to 0.3 gives an easy 10% profit from these levels.
Plenty of activity and newsflow to come on multiple fronts (Kuboid bulk sampling next) and company fully funded for the remainder of the year so RvR at these levels is excellent.
Dan ‘Nostradamus’ 1605