RE: I hope I'm wrong!17 Apr 2021 09:12
Totally agree, 6 holes certainly won’t tell us by any stretch of the imagination whether Bailleston will be a success, it will give us an idea however of a potential resource at HR3
In terms of the raise, who knows. I think with a raise it’s lose lose. Imagine releasing 6 lots of good assays, finally see the SP rise again and then he throws a placing in, undoing any kind of healthy rise with the price. We clearly know there was an opportunity for 90 million shares at 2.2p, no guarantee our broker could have secured one an easy at a higher price
It’s all about blurry but I’m willing to carry on with my investment in confidence. Il still be gauging the profession as we go. All I now know, the company has £5.8m in the bank to move forward with from THIS POINT. even if we’re starting from scratch and relocating MIDAS, that’s fine. But they now have the resources to go and generate some serious returns for shareholders. 4/5/6 months down the line, if I’m feeling that money is going nowhere and is slowly being rinsed, I can then re evaluate my investment.
ECRs product is its exploration service. Hopefully CB takes both Creswick and Bailleston to production. Just remember, it only takes one good drill campaign at both/either project and you’ll see a rise in the market cap, significant rises long long before we get a whiff of production. Here and now, these are where the big gains are made, the life changing low averages. But with that, is risk you have to factor in and be comfortable with. If your not expecting some kind of turbulence along this ECR journey, I suggest you rethink your thought process. It can be such a slow and draining process, but one of the most rewarding.
Look forward to see how he will be “ramping up" activities. That statement in the RNS suggests to me there’ll be additional exploration work starting or running along side the current campaign. What that means, we'll find out soon. :)
Good weekend everyone.
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