The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes AG I will care, I’ll actually care even more if the 6 holes are high grade. That would be a massive business error, selling shares at 2.2p when we have a high grade resource. Craig said he won’t sell out a JV on the cheap, but sells £2m worth of shares in a high grade resource at 2.2p when we already had £4m in the bank. That would be a terrible error of judgement.
I don’t care where the price is, 1/2 here or 1/2 a penny there, if the 6 holes prove up high grade...were onto a winner. Start thinking about what the company needs to Grow, once that grows, your investment does
Investors acting like we’re the only PIs on the market to get shafted. To not get an invitation to the discount party. It happens alllllll the time.
You’ve just proven it. Even if the results are good, that’s going to be on your mind ? 2.2p. Who cares. For months and months this was sub 2p, then up, then down. Then up.
AG that’s the point “it’s the lack of news and investors fed up, that’s why the SP has been suffering”. We got told 2 months ago when the SP was around 3.5p that the first hole was complete, visible gold, results in weeks. Then Friday found out there were 6 holes and a placement at 2.2p. If the results were great, surly ECR SHOULD release them, drive up the price and place at a much higher price and give us investors some value. So either the 6 holes are dust, or ECR have deliberately withheld the results, dropping the SP, to allow “special investors” a placement at 2.2p. There really is no good way to now spin this. When the 6 holes are released showing amazing results will you be happy that “special investors” got in at 2.2p or will you think “hey up, what’s gone on here why didn’t we place higher”. If the holes are dust will you be happy or wish you’d had the option to get your money out and bang it in GGP and make 18% yesterday.
G.star - The price was battered and on a heavy decline and has been for some time before fridays placing. It’s not the placing which has drove this down, it’s the lack of news and investors fed up, that’s why the SP has been suffering and I feel that’s the anger more are feeling, rather than the placing.
It states in the RNS what the funding is for. We were fully funded, Craig took an opportunity to increase funds and exploration will be “ramped up”. We always feel as investors we need ourselves hearing, want this, want that. Well I think Craig deserves the same service.
It was unexpected it’s I’m saying otherwise. But does it mean assays are bad at HR3? NO. Does it mean the JV is off the table ? NO. Does it mean the company is skint ? NO Does it mean Craig has sorted all his buddy’s out ? NO
It’s an opportunity to took to further strengthen the finances and move on strong with expiration. It has been slightly misleading but I’m pretty sure we’ll hear from Craig soon.
This board is like a bunch of barking dogs. Friday and Saturday, I never knew we had that many investors, never mind BB members. One starts barking and then the rest join in. Everyone has a breather, reassess’ and calms down. Then one dog starts barking again and all hell breaks loose.
Apart from 10% dilution the SP in exchange for £2m, nothing has changed for me.
I love the irony ha ha “we cannot guarantee a response timeframe. If we feel a message does not warrant a response, we will not respond“ Brilliant
AG - The SP had been constantly above a mid price of approx 3p from 8th December to 22nd March, briefly above 4p. Apart from a dip the last week of March the SP was above 2.75p to 6th April. 2.2p is at least a 20% discount on that. The more I look at this the more it doesn’t look right. What does £6m tangibly gives us that £4m doesn’t apart from a 20% dilution? SP is down nearly 50% YTD, meaning the placing is circa 50% less than the peak. Let’s not kid ourselves that anyone is happy, no matter how much we want ECR to succeed and create us long term value.
I will send an email for sure .I take it you would send it to Ecr and not Mercator ? Once I send it I will publish a copy here .Better to do something rather than be unhappy with comms.
Worst placing you’ve ever seen. ??
90 million shares snapped up, company budget boosted by a further 50%. Placing price 2.2p. So a 13-15% discount from the previous days close? And that’s the worst placing you’ve seen. WOW. tell me your other holdings because they sound like fundraising genius’.
Don’t forget earlier that week the price was around 2.3p so let’s not kid ourselves.
Yes he did say ECR were fully funded hence why this was a big shock to me the placing
We got an Rns telling us what the placing was for .And at the end of the month we will have results from 6 holes and a further drilling plan .Heres the thing .... if we all think that the comms here are carp then what are we going to do about it rather than moan .Anyone with any ideas then let's get the ideas out now and collectively contact the company via email or otherwise. I'm with you on the comms so in order to rattle the Ecr cage and get more info , let's discuss some ideas and put them in motion rather than keep moaning about it .Let's collectively do something about it together . Any suggestions welcome .
Completely agree with the negative comments on here for the past few days.
With the rns of 25th January and the interviews since then to hit a placing after a 50% price drop for money we very likely don't need from a bucket shop. There is no decent explanation I can think of. The rns at the time seemed very strange and completely uneccessary.
Out of all of the placings I have ever seen in any of my holdings, this I believe is the most shocking and disappointing.
If there were a vote to remove anyone involved in this from ecr, I would vote so and I'm sure many others on this forum would too.
We have decent assets but this imo has killed sentiment for quite a while.
Too shocked for words and I like many others do not know what to do regarding buying or selling now.
I'd love a real, genuine explanation that I can actually believe but unfortunately all we can now do is speculate as to what happened like many have been doing in the last few days.
Is Alan Green official spokesman for ECR now ? I prefer to hear news from the Boss where I’ve invested my money? You write assume twice in your post, that’s accurate, you are assuming just like we all are since the RNS, everyone’s assuming. There is absolutely zero information in Alan’s podcast of any worth and if Alan has been informed of success from the drill holes or JV's that would be illegal.
The ???????? Was supposed to read “The worlds best gold postcode”
Still no clarity from “?????? ??????????'?? ???????? ???????? ????????????????” what the £2m is for! Maybe it’s to invest in better PR!
You saw the PR they thrown at us during Hole 1 being drilled, there is plenty of media from drilling 6 holes they could update the website with.
One of the main reasons I'm loading up on antipa minerals, their website is brilliant and gives me everything i need to know. ASX Announcements, media, JV agreements
Really does make a difference
I'll say what I've said about a few AIM companies I have held, ECR's comms are poor. And I don't think they've shown enough interest in updating their own website (the actual ECR one), kept investors informed or produced really good presentations. And I wouldn't say CB is the most lucid of spokespeople I've ever seen.
But they are operating off a small staff and the PR side of things gets overlooked in favour of boots on the ground. I get that. But as you gain reputation, expand, and ask more of investors, you have to show them some attention in return. Make the website up to date and readable, merge it with the Metcator one. Perhaps change our name. Get a bigger team, and most of all keep people in the loop. It's not a game of emotions but if is a game of facts.
If you don't offer facts, people will make up fiction. And it'll escalate to the benefit of nobody but detractors.
The ball is in Craig Brown's court with these (lack of) comms.
Hopefully the lack of official news and a deferred interview with CB is due to plenty of market sensitive activity going to behind the scenes...
No news - No RNS - No interview - TBH it’s taking the P now