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Legal, we are splitting hairs. The shares can be traded although not "officially" admitted. The proof will be on the 10th October I suppose.
So we've had conversations and accusations of 'forward selling' for the last 2 or 3 years on this BB and now all of a sudden it's claimed it does not happen?
And then we are in the middle of constant P&D postings....however the end of last week saw c20 trades a day (last time I saw a P&D the SP rose 50-100% in a day and the volumes were huge based on no newsflow).
We have simply had plenty of newsflow and (as I have asked 4 time and received no examples) there has been no outlandish ramps saying stupid SPs or promising things that the company cannot deliver.
There has simply been much better and wider communication , which this BB has been craving for months.
Some are basing the P&D theory on a Twitter post of one person claiming they knew another person who was doing a P&D (for balance I now a man down the pub, who knows another bloke who said gold would be $3000 an oz by xmas...lol).
Rumour and speculation with little evidence on the negative side
Good grades (commercially viable) today, renegotiation of Hurricane deal, funding in place, a fresh outlook from the new BOD and re-assessment of all assets on the positive side.
Dan1605 - placing shares can/often are forward sold through loaning of stock. That is not the same as saying that placing shares have been admitted for trading. They clearly have not as the shares in issue here has not changed.
Anyway, not long to go before we find out for sure.
The sp at the time of the placing was 0.245. That's a big risk, knowing that the rug could be pulled at 0.175. Besides there has been more volume between 0.28 - 0.32 then there was at 0.245. So more people selling than buying, how does that work?
Legal, right so, you are reading from the text book and assuming that it's all above board. Unfortunately it doesn't work like that and never has. The "rules" and whether those rules are followed are two very different things. I wasn't offered the placing but know somebody that was, I can assure you that those shares are tradable, today. As i've mentioned before, i've taken placings in the past and in some cases those shares have been tradeable before the placing was announced to the market. Where do you think the volume is coming from?
Those Involved In The Placing …..Sell Their Current Holdings …And Replace Them With Placing Shares …
What’s All The Fuss …
I see we have a new lot in milking daffodil now
I wonder how long they will last before the milk turns sour
Dan1605 - also the placing RNS made clear that the extra shares wont be admitted until 10 October. As far as I can tell, they have not been issued because the total 'shares in issue' here is still showing up as 1.1 billion. If the 0.175p shares have already been issued, it should be showing up as around 1.4 billion, but it is not.
Happy to be corrected about this if you have an explanation?
Dan1605 - I'm going by the posting by D Burton a few weeks ago. Although I haven't been following this BB very closely, to the best of my knowledge, that posting has not been persuasively refuted on here or by ECR?
Hello Paul - not seen you for some time. I do believe that's the first ever post I've seen from you where you have even suggested that ECR got something wrong - you been on the road to Damascus maybe!?
Hi Dan - I see you're as chipper as ever - I bet you're a riot in the pub eh? LoL
Legal, you are still assuming those share haven't hit the market. I'm struggling to see how you still believe this.
TS: None of us LTH's can call ourselves an oracle - we wouldn't be here underwater if we were. However, the blatant frantic ramping from IG and the rest of the contract crew (who had never been seen before), who arrived as soon as the Ant & Dec RNS was published, was a blazing red flag to anyone - even the most myopic (well - except Kevin of course).
let's not forget that he's also stated that this will drop back to 0.175. the bloke is so far up his own **** he could pick his teeth with his toe nails. he knows jack s*it, like the rest of us.
Ever get the feeling we are going to return our main focus back to Queensland?
Perhaps in hindsight the appointment of AH was ...............................?
To be fair Notrex , you were calling out that the share price would drop when you sold at 0.2 ...so you're not exactly the ECR oracle
Mentalmax ,
You can't really compare Hurricane and Creswick when it comes to sampling grades converting to drill grades.
The nuggety nature of Creswick means that drill grades will be hit and miss to a much greater degree whereas Hurricane should have drill results more consistent with sampling.
ECR is a junior gold explorer right? But one that currently has NO confirmed drilling plans and lots of 0.175p shares in issue soon. Little surprise that folk are taking whatever liquidity they can at these higher levels, because its hard to see how the share price trajectory remains positive here whilst they are not actually exploring!
They need to confirm some drilling plans and soonish? All imo and dyor
*off* his shiny backside eh!? LoL
Kevin - did you take those meds yet?
Mental: I think today's RNS was likely the zenith as far as the hot money with contract rampers riding shotgun was concerned - hence the exits and SP back below 0.3p - it was always going to happen as you (and I) knew it would. We now enter a period of what I will call focused realism for LTH's - this is now the post-honeymoon period of harsh reality regarding what our new BoD members can (or can't) actually achieve. I fully concur that the renegotiation of the Hurricane deal will be their first serious test - not too long to wait for that (or not) it seems. I also agree it shouldn't have come to an extension - but we are where we are in that regard - I guess you couldn't really expect Mr. Consultancy-Fees to actually get of his shiny backside eh!?
..............."bizarre and contrary"......what like when you say Haythorpe has left ECR and taken Hurricane with him......LooooL
Looks like we have a high volume dumper today (one of the twitter gang perchance?!) lots of 1m, 2m etc hot money I tell ya
Will be really interesting to see what they negotiate after the extension. Bit poor it's come to an extension mind, ECR pays well they should be on top of it! I wonder if we have a position of strength or weakness (as no AH + had to extend). Will be interesting nonetheless.
RE rock chip's.. helpful for zoning in but don't get too excited, Creswick samples were bonanza remember (400g/t or whatever) and look what happened there. Ironically rock chip RNS's nearly always cause a small uptick then a red day.. At least as I remember. Real news will be new Hurricane deal + drilling timeline/commencement.
Kevin: 'I am ruling nothing out until I hear if from ECR' - but it seems you don't hesitate to rule anything in - no matter how bizarre or contrary to the facts and reality of the actual situation. Is it any wonder you're regarded as a deluded ramping clown on this BB? PMSL