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TS ..
I agree with the selling.. I think it's still a churn of placing shares.
It makes no sense otherwise as I cannot see that anyone who was in at recent weeks/months making any profit.
The only other explanations are distressed seller, and/or shorting.
But I doubt it would be shorting with news on the agenda.
I can't see it being the Telegram groups..who would be selling in bulk like that to drive it down? It would mean some of the group making a loss
Thanks Sausage, You're so kind.
No, not and employee of ECR (and I'm not going to do the petty thing and start to accuse others of being paid derampers)
......I just pay attention to the actual news and activity from the company and cut out the 'noise' and ramping/ deramping that there is on a lot of on BBs.
My guess is that there is one big seller that is riving down the SP (one of the 0.175 placing takers probably) .
I can't see why there would be another reason for someone to be selling 2.5, 3, 4, 5 million share chunks at the current level.
The upcoming activity and potential property disposal and other potential revenue generators has been in RNSs and interviews over the past 6 months for all to see.
I just asked myself if there are many companies out there with a c£4m mcap who are fully funded for the year, have multiple sampling, trenching and drilling programmes, have assets the quality of Creswick , Blue Mountain and especially Lolworth.....I mean did anyone actually look at the Lolworth sampling results from last year ??? ...one was over a kilo a ton (and yes that is an anomily and not the norm....but there were excellent grades with an ever increasing area of gold potential) and that's not even mentioning the REEs and Lithium......Lolworth could become an absolute beast!
Fully funded so little risk in the near term, and multiple potential game changing activities/ opportunities ....and that's why I've topped up another million shares over the last week.
TalkingSense,
You do talk with a great deal of knowledge, almost, in my opinion, too much knowledge for someone not employed by ECR.
A question for you TalkingSense, are you employed by ECR in some capacity?
Absolutely TS. 100% agree.
Techtonic, I agree that the BOD need to temper their optimism a bit and stick to the activity and be a little more pessimistic on timelines.
There is plenty of activity coming up and as you, pre-empting an improvement in grades leaves little upside even with positive results.....just say that they are being re-tested to be thorough/ get a full understanding.
I think the narrative is hijacked by some as there is a great deal of actual positivity as far as operational activity is concerned....we've move away from lumbering from one piece of activity every quarter to starting a drilling programme at Creswick within 3 or weeks of announcing and having upcoming activity scheduled in Tambo, Lolworth, Blue Mountain and Baillieston.
The BOD have put their foot on the accelerator as much as you can reasonably do in an exploration company and I am confident that ECR will be in a much better SP range by the end of the year (probably with a number of swings on the way)
Nicepair desperate for a reaction.
Didn’t Say Anything About This …..
Invested here years ago and since then has seen his holding all but wiped out . Didn't see the Aim crash coming so a proven lack of intelligence on his part .His investment has been all but decimated .Beware of this ramper .His sole purpose here is to get people to buy in by falsely ramping , in the hope that he can get out and recoup some of his colossal losses . So far it hasn't worked and he is now getting more bitter and desperate. Evidently people can see through his groundless ramping but he is just hopeful that some won't. But surely they will as I find it hard to believe that there are many people out there who are as stupid and naive as he is . Lmao .
Like I said the setting up of time-frames and expectation by using video comms has a short time frame.
Without hard news , it sets an agenda that it can be traded.
And by hinting at widespread good grades at bulk sampling, this can set up for failure also .
I think the BOD - while enthusiastic and pro active - are a bit naive with this. The market obviously only wants to see hard evidence now.
Could do with the BOD learning a few lessons and surprising to the positive.
It's playing a poker hand with all the cards face up.
Expectation - tax losses/JV/ high grades etc creates disappointment in the vacuum of news
Black hopper ....gives one an idea of what nicey is all about ? Lmao .Yes , you're right .UKOG are a massive success story aren't they ? Lol .Have you always had difficulty in dealing with reality ? Looking at your groundless ramping , you obviously have .Another loser trapped in his own quicksand. Keep ramping black chopper. Your losses here are evidently colossal with the amount of ramping that you do .Have a nice day won't you ? Lmao . Ps , you're not getting out of the mess you're in .
My post has gone onto the wrong board .Apologies for that .And as for you Tamer investor... you are the least successful trader/investor in the history of AIM . The 10 quid you invested here is now worth around 75p , so in terms of being a legend in your own lunchtime. That's a description of you .What a delusional little twit you are . Lol . You have been here for years spouting the same ramping bs . And you will still be here , next year , the year after , and the year after that .Trapped in a mire of your own making .Never mind little man .Jv next week eh ? Lmao .
I think that is their actual aim and the story so far (since last October) has been to set that in motion... but it does not happen overnight.
I guess you have to use language like 'in the coming weeks' and 'shortly' when you hope to report news soon but you don't actually know when.
The asset sales and cash raises made sense and were necessary to facilitate the ongoing work programs. that has 'steadied the ship' but the results definitely need to do the talking. I still think news this year has a very high likelihood of leading to a double figure MCap and an SP between .6p and a penny. How high would depend on the news.
Multiple positive outcomes could take this above a penny with ease. The range of assets are very tasty. They have too many though and surely must partner on one of them in the near to mid-term....
They’ve attempted to create faux hype since they took over. I get it, but the market hasn’t bought it. Let the actual news do the talking.
It needs results, the market got wise to the small talk years ago unfortunately and that will no longer wash. As soon as volumes start to increase those that have sold will scramble to buyback. Like I said, they need to stem this "this week", "weeks", "shortly"
Morning Nostradamus... very annoying but I think you might be spot on...
Watch it correct tomorrow in expectation of RNS(s) next week.......
'Because I don't believe they will succeed, I've been here a while TT and I've been in the markets close to 20 years, I've seen it all. My opinion is based on behaviour, starting when MW/NT took over back in August. It was traded 0.19 - 0.24, it was suggested at the time by MW that this was a "trader". You take 0.29 and 0.24 looks nailed on, except we've seen strong support kick in which has resulted in them having to buyback in, somewhat aggressively in fear of being locked out. Like most LT holders here, I can't commend the new bod highly enough, what they have achieved 8 months most AIM fail to achieve in 8 years. Some sustained news here without pre warning should do the trick.'
.........yeah, nicepair a legend in his own bath-time.......🥴
Gives one a nice idea of what Nicey is all about.... UKOG...lol
UKOG ?
Wrong board perhaps...?
The fact that this shayte show is stillll being allowed to trade is testament to the madness of the junior markets. Ss has been shafting everyone for at least the past 5 years and this legal fraud is still allowed to continue. Can't everyone see what is happening here ? How SS and his sort are allowed to get away with this is quite simply beyond belief .And the juniors seem to be rife with this sort of thing . The markets seem to be littered with useless lifestyle companies. And this shower of nonsense ( together with Syme ) are surely the worst of the lot .Ss isn't a fool , he's actually a genius .He's found a way of getting paid vast sums of money for failure .And still he keeps getting paid , all off the backs of gullible people .Now that's a proper genius !!
……these lab delays are not ideal !!
Holders here sold yesterday chasing GBP and PTR thinking there will be a major UK oil company jumping in the namibia area and acquiring acreages so they will seek to buy both companies. The fact is there is exon mobile already there for four year and showed no interest in both companies.
There is however a new team of twitter young chaps from the same country, they manage an attack every few weeks and make bobs from their victims. I guess our chaps will return to buy at higher prices and lose some chares as usual.
Scarlet, Adding value to the board as ever I see....I would say it's bottomed.....buys coming in now.
...... How low can it go ?
Yes indeed TS