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@Longlad: " ... he has no one to blame but himself ..." There is truth in this. At the same time, maybe the chat board should look at the possibilitity it's brought some of it on ourselves. IMHO i have have never seen a chat board where it has become so much an accepted norm to rant and whine about stuff and then claim it's your right to complain if you want to. Some weekends it was nothing but posts from people complaining - at times being less discussion than near-hysteria. It set up the conditions for this to happen a long time before it did.
‘ The time to sell was on the release of the RNS yesterday when the SP was 2.3p. Selling now at just above 1.6p is plain daft imo’ Agree with this, however we are still considerably above the 52 week low...feck, hope we don’t go down that far but it’s starting to look more likely than not. As for those expressing sympathy for CB after he may have read posters comments, he has no one to blame but himself, no need for me to go over them, but he has cost people a lot of money that they won’t see again for a long time if ever. CB buy some shares, show you have confidence in the project and yourself to deliver. This will go some way to restore confidence.
On the one hand I'm as annoyed as anyone here. I now find myself 50% down after a sequence of letdowns. Admittedly not seen the interview so I might be wide of the mark here, but it seems to me the placing was timed just right because if it came after yesterday's RNS they would not have made much money. Short term this share has been a massive disappointment.
But on the other hand, I'd always had ECR pegged as a medium/long term (18m - 2yrs ish) hold, as I'm not a trader. Funding in the bank enables continued exploration of BH3DD001 and the anticline(s), progress at Creswick, and whatever new sites they can acquire. 75% chance of good news, 25% of bad = hold.
It’s an absolute disaster. There are no positives. Investors got played by his ramping in previous interviews. There is now no strategy at all, “we are drilling here, drilling there, contractors, licence problems blah blah blah”
@Legalwolf. Yes - that thing about pronouncing 'Creswick' was interesting. I think you're right - he was angry and - to be honest - reading some of the stuff written about him he has good reason. I think Paul made a good point - he should have gone back and re-done the interview or waited a couple of days to cool down.
Depends on how low the market gona take this....I m gobsmacked at the interview- did nt inspire confidence and the market seems to just want to keep dropping the sp- where’s the bottom now is the question????How low can they drop this?
Market clearly as annoyed with interview as most of us on here. Now he’s done that, he needs to stop with the interviews (clearly not adept enough at them) and get on with the “value” he’s talked about for ages. No more bull crap chat, just actions needed. Let’s hope it doesn’t tank even further coz it’s gonna be a long way back.
I aint selling at this price be daft and also a big loss so no way I will sit this out for how long it takes. Really sad tbh as I truly believed we were going places and JV was so close but this is mining and shows you not to trust anyojes words.
Yeah - the personal insults and criticism is certainly not warranted, and instead of dwelling on the past, I'm the first person who kinds of just wants to forget and focus on the positives moving forward, which there are plenty
But if he's happy to come to market and take another £2m from investors, i think the least the investors deserve is an explanation.
Just seems a bit mis leading lately and I've never really had this feeling about the company
- Fully funded > Exercising a placing for £2m without much of an explanation apart from it strengthens the company moving forward (Which i do agree with btw) - Assays recieved > Not releasing them for 7-8 weeks - JV, can definitely get a deal away, just a few licensing issues to sort out > Not dead in the water but we're now going back to drill more of Creswick, this will delay the JV imo for the best part of 2021 - Communicating the importance of having your own drill rig > With £5.8m in the bank, the 2nd drill rig would have been a purchase worth its weight in gold for 170k, but like previously mentioned, there may not be any available to purchase. We're now using contracting rigs which your now stuck with set time constraints
Always try and be balanced but it never filled me joy that interview. A more realistic approach and i think as investors we now know where we stand moving forward.
More assays to be recieved, a plan for the rest of 2021 at Bailleston and Creswick news is what I'l be looking out for now. Licensing news too
Jtb - I also sensed that CB was a bit riled in terms of his tone, expressions and body language. At one stage, he even picked out the interviewer for not pronouncing Creswick properly, which was a bit unnecessary. I thought the questions were really good/pertinent and Stockbox obviously listened to us in terms of what we wanted them to ask CB.
I have just watched the interview AFTER reading the comments. It's not a bad way to do it because it didn't come across to me as bad as people were saying. He looked to me like a person who'd spent a hard time reading a lot of hurtful criticism about himself. Good for him that he had the guts and decency to do the interview. A lot of CEOs would sit there with a barely concealed smirk or wouldn't do it at all. I think it tells us something about the man.
I'm actually reassured and a certain amount relieved. IMHO there's no doubt he's got the message about comms and it's more than likely the next time the broker tries to shove a cheap deal at him he'll tell them it's not on. More important, it's clear the JV is on and it's only waiting for these licenses to get sorted. He could barely conceal his impatience with shareholders who seem to think you have to hit dead center with the drill bit first time or you're useless.
I agree with the downbeat interview but more realistic.
Reading between the lines it sounds like, ECR is expecting minimal movement of the SP in the coming months this is not to say things will not progress; along with the fact that Canadian gold miners are taking a hit and underwhelming drilling results prompted the placing
I would like to see the BOD purchasing some shares (although they may be in a closed period with assay results due). This may offer some stability to the SP.