RE: 15 More Days13 Nov 2020 18:00
Good post Trek
It is frustrating the severe lack of news. But do the possibilities outweigh the short falls ? ??
If you go in this to make a quick penny to jump out on drilling news, not sure how long you will be waiting.
Trace back to the fundamentals of the company. Currently 2 huge projects in Victoria that have attracted serious interest.
Not wanting to fight the competition to hire a drill RIG as and when, ECR have gone out and purchased their own. Looking to do the drilling at Baillieston themselves whilst waiting on potential JV news at Creswick.
Restrictions have been harsh in Australia but look to be easing. A 13 million market cap, 2p is an absolute steal in my eyes and for anybody looking long term.
A solid couple of drilling campaigns could take us £60m+ market cap (10p a share), 5 times current levels. Combine this with then a potential JV, wow, then things really do get interesting.
Orosur are at a very early stage in the development of their Colombian JV and look at its performance.
News seems long overdue but If you can’t stay patient, and see the future, beyond the next couple of weeks, invest your money elsewhere.