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Few other explorers*
I have a few other cool tees that come out with a video interview after every assay RNS. We haven’t heard from CB since the dodgy backstabbing raise, including being told of a an upcoming interview! What happened with that Stockbox interview? Or does he not have the balls to come out and brag anymore?
I think it is a good move Paul. I've been in and out of oilies. Made some, lost some. Moved away completely from oil due to changes to other fuel sources.
I agree with the whole drilling risk. Even GGP at Hav: will, one day, hit the edge and get a duster. All in a days work.
@JSMith - I'm just a contrarian, lol.
@Lazarus 2 - I grew up in big oil and exploration - so I don't get phased by initial dry holes - it's a about building up a picture, increasing probabilities and making informed calculated decisions. I'm not worried about silence (though I'm not really interpreting it as silence, when there's news we're told).
everything still to play for here I'm not writing off the whole company on the basis of a few holes, that have provided much needed data for the model.
as someone pointed out look at cash balance to market cap - that's a bet I'll take....
What I have an issue with CB is, he still hasn't said why he needed to raise more capital if they had enough money to last until 2023.....
A buying opportunity perhaps.....
Well it isn't done over a telephone or an email PaulFG. If negotiation isn't in progress then I accept that I would be wrong but whats your take on radio silence?
your buying more and the vast majority are selling up, what have we missed?
I've sold off 75% of my GGP holding today and moved it here.
If it does fall to 1.73p I'll liquidate the final 25%
ShadowLess:
you might be interested in my take on the results and the upcoming ones.... see below
Looking at this picture in more detail: https://www.ecrminerals.com/images/0421fig5.jpg ( copy and paste link)
I'm excited for the results of BH3DD005 due to them intersecting a 40cm wide laminated quartz vein. Furthermore, Pyrite can often indicate or be found near actual gold deposits- as I have seen in other exploration companies.
Then there is BH3DD006 which is currently in progress, it hopefully drills right through the proposed anticline, so we can either prove or disprove that hypothesis. It's also planned to drill through two additional faults, which none of the previous holes have done.
I'm sure the experiences geologists ECR have used the initial drill results to make CALCULATED subsequent drills, certainly seems that way.
don't give me too much stick, more than happy to be corrected.
“Craig has over promised and under delivered and to be honest a tad economical with the truth…..”
“There have been shortcomings in CB's interface……………….”
“Consistently promised one thing and are given another”
This seems like a common theme for many CEOs of AIM companies, guess at some point CB had prior knowledge that the results ‘could’ be poor therefore silence from him ensued, as there was nothing too big up.
A placing was about to happen best that CB keeps quiet about results; we know what happens when we receive today's news, therefore the placing seems like a genius move. This is an AIM company with limited revenue and the reason to be PLC is to raise cash, alternative funding would be death spiral finances!!
There are many things I don’t understand but one particular thing is why release the news now? Why not wait until all 6 drill hole results are in? Could the results be promising? Release the not so good news first, then the good news?
Resistance at 1.73, this may be tested and broken on or around 30th April when placing shares are admitted to AIM.
oh GOD! can we please noooot go down the whole NDA rabbit hole again, lol
imagine CB after that. Mic drop
C’mon guys surely you have all heard of or are familiar with a NDA. CB is likely to be bound and gagged by a NDA whilst thrashing out any JV. Give it time for the commercial and contractual process to unwind. There is a reason for the silence IMO.
At this price it is an even stronger buy. No good trying to buy back after a JV is announced. You will have been royally shafted by your own actions.
100% agree onedayrodders
CB Should speak to us after the last few weeks and now this drop etc
I accept Rome wasn't built in a day and this is only drill 1, so the lights haven't gone out today.
However for me, the main issue with CB is ... having done a lot of ultra enthusiastic video interviews, talking up their licences, comparing ECR with Fosterville, indicating the JV's are just a matter of dotting the I's and crossing the T's , confirming we are fully funded ... since the unexpected placing from left field, he has not bothered to speak to investors. I understand that plans change, but whereas before you could not get him off the stage, so to speak, now he choses not to address us retail investors .
Total disrespect IMHO , if you need to restore credibility, get in front of us again and make a ******* effort.
I will be well ****ed off if after today he still choses not to speak.