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Is Craig still CEO Oiland?
For those interested in the charts, the resistance was at 0.50 and we failed to break it. We're sat right on a potential new support. We're controlled by newsflow but it's interesting that the charts are playing out.
Agreed Dan, and it was the first test, on what was arguably not the most exciting newsflow we are expecting, which is Hurricane drilling confirmation. Last word from AJ on that was that they were sorting out access etc and that all was going well. Once we get the next update, whether RNS or interview, confirming they are on track for September drilling, I would expect a retest of 0.5p, this time from a higher level on the chart.
It's not about what happens to the share price on any particular day or week, but what will happen to it from this whole maiden drilling at Hurricane, which is to be measured in "months". No way it will be at these levels throughout that period imo. I'm here for those "months" and confident of seeing a return from these levels, but let's see what happens. All imo and GLA
We failed to break half a penny because right now, we are not worth it. It still stands that ECR will need to raise significant cash to carry on operations. Burn rate is sitting around £125,000 per month, how much cash is left now? ECR are in a desperate place, they can't raise cash, they can't sell worthless assets (Dangley), and no one believes a single word they say, and why should they after 3 years of absolute lies? And of course, the paid ramping crew will come out in force and say a new CEO but that of course is bo!!ocks, it's the same company with a different puppet in front, although this time even he doesn't want to be on the board. You reap what you sow and ECR is getting exactly what they deserve, imo.
“We “ Really Snip !
...........snip why don't you ask your mate notrex the nonce, i'm sure he is still posting the same drivel or is he long now?
Can't stop yourself can you Kevin - still trying to play with the big boys and getting laughed at - nothing changes eh?
Tamer, I'm not sure why you are still playing this silly game, is it to distract from the pitiful performance of a crap company? Give it up, no one cares for the nonsense you spout. Calling people scum and nonce is really not on in this day and age. Feels like you're still living in the 90's.
Snip: He wasn't even born in the 90's !! LoL
Notex, I'm really not interested in your replies either, to be honest. You are both losers in my eyes. You spout crap and flop like a fish out of water, you're not my type so please don't involve me.
.......Snip you should have taken part in the recent SP rise, a lot of people have that have faith in the company have.........anyway I suppose you still can, lots more still to come!
Snip: Wish I was middle aged - but saw those years some time ago. I think I've counted seven times or so that Kevin has allegedly blocked me - but I'm the only excitement in his life I reckon? Where were you thinking of meeting?
.....snip you get the old team together whenever that is a bit of negativity in the SP......where's Melville..and the other crew?.......you fallen out with notrex awwwww?
I see we are having fun.... this 'opportunity' will not last forever.... don't say you didn't have the chance to buy low.....
"ECR is getting exactly what they deserve, imo" The masked slipped there soft lad.
and has for intimidating a couple of "middle aged men" I'll gladly meet, name the time and place.
Its still the same story- imagine this was a company where the CEO was claiming that they had potential buyers 3 years ago. 3 years later- millions of £s raised and SP diluted. It is still chasing shadows, still the same posts- 'rerate due', 'this is going to blow' etc
Few Qs
1) How close are ECR to a mineral resource anywhere?
2) How much money do they need to reach a mineral resource? How much will that dilute the SP?
3) Are they still employing the 82+ year old NED who lives in the Channel Islands? ( who was actually a friend of the CB) If they are, it shows how 'serious' the company is.
ECR is a classic example of the AIM miners who oversold and overpromised during the 2020 mineral bull market.
'and has for intimidating a couple of "middle aged men" I'll gladly meet, name the time and place.'
Im up for a message board meet up and I'd be more than willing to step outside with the little mike hunt but keyboard warriors are just that, little stains on the socks under the mattress in their bedsits!
I saw ECR on 18% up so thought id drop in and see what it was.
Glad they are continuing to dispose of the things CB had no right in buying. Madness for such a smallcap to have its own drills and to buy so much property.
Still not convinced this company will EVER come up with a commercially-viable resource- likelihood is they'll come up with a small resource after rounds and rounds of dilution that will make the SP worthless.
Also re-affirms, just how out of order CB was to proclaim about resources and takeovers 2-3 years ago- they were nowhere close back then, not even close in 2024.
Thanks Oiland,
I do look forward to your regular quarterly ECR bashing post (9 posts and all repetitive and negative on ECR and always harping back to the CB days.)
You may have noticed there have been a few changes at ECR lately.
Drilling results from Creswick phase 1 due any time.
REE sampling results from Lolworth also due.
And the MD has just returned from Oz where he has had meetings with other players in the industry.
The next couple of weeks/ months newsflow will show what progress ECR are making.
…..🥱🥱🥱
Are those yawn emogis in reference to the negate post or ECR's lack of progress in 15 years? both applicable. Just wondering.
….😂🥱…..give it a rest mental
Mcap 4m????
4 major deposits each could make a company on its own.
Victoria: investors should stand by their beds!!!
fair price before JV in any of the four location should be 40m mcap, that is 2.8p not 0.27p the current price.
ECR should focus on one project and take it to final stages and get value back to share holders.
listen https://youtu.be/WkCvrNXKTOQ
tiny investors are here trading the 10 % margin and selling false arguments to novices.
AR ... to put it succinctly... this is the best short post of recent times. Absolutely spot on.
It really is a silly valuation. I think they have to JV one of the Victoria assets. I have a feeling Mike really want to keep Lolworth all ECR for now.
We shall see..........
Wonder why the technical director left if its all so hunky doorey? Maybe he wasn't happy with all the "gold nuggets" that kept "appearing" all over the place.
There is a reason the MC is so low. Smart people are staying well clear!
People involved stink!