Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
Does this mean Swazers is wrong or Swazers is correct but he is wrong.
either way he said something about the chart he made.
Long live Swazers if he is wrong but inside is correct.
SHELL threaten to move to new York to restore its true value. All FTSE companies are heavily devalued including ECR.
If only ECR can do it? we gain a lot from the prices there.
https://fortune.com/europe/2024/04/09/shell-wael-sawan-london-stock-exchange-new-york-listing-all-options-ftse-100/
The market did not decline by itself. There are major factors that caused that:
1) The west greed, as they tried to make profit from the over exploited south Asian nations by outsourcing most of jobs there to get cheap goods and maximise profit. The Asian took advantage of that and tigers and big economies and technologies emerged from that, Now the west is waging war everywhere to restore its position at the expense of western economies.
so we lost jobs, markets and resources as a result of the large distribution chains and the tech industry outsourcing. we have to compete on their terms now they have the cash and technology and we have muppets at the head of states.
Having said that, gold is flying with the knowledge of economic recovery is still not in sight while we still don't have proper protective policies in place. Live the globalisation for the rich and poverty for the masses.
Gold will set the motion here sooner or later.
Delivering the Next Multi-Million Ounce Gold Resource in Australia is the new mission for ECR as seen in their new website.
surface surface sampling and trenching and few meters deep drills has to swapped with deep extensive drilling to define a jorc for a serious JV to take place. May be we can lure some JV before a jorc is assessed, this will save us time and hard cash at this stage. every area need at least 4-5m to dig enough deep wholes to assess the resources. All hopes with the next results: if they are good enough it may encourage an early JV to take part in developing one of ECR licences.
The usual RNS as expected in time. Not the one we are waiting for.
In the mean time the sausage man/lady is spreading his fat so anyone can slip on it so he can buy his share on the cheap before KH results.
wise one, filling the board with his drivel.
ECR is likely to attract a JV as soon as the results show the true story of KH. I like the fact that it is a hill.
BH, to play the record:
after you click the link you click the play arrow a pop up window should appear on the right.
wait for 2 minutes, it does not start from the beginning.
enjoy the listening and bring back any new clues.
Thank you all for the discussion of tax loss transfer. It makes now sense why the raised cash to develop the licences further.
To sell ECR for £ 16m is unthinkable. For me after good results the target would be 3p at least. and that is the minimum covered with tax. The market is a bit tough at the moment but good results and an easy small scale production will boost ECR position against these monsters.
In legal term, are these tax losses linked with ECR as a whole or one of its subsidiaries?
does the other party need to buy the branch of ECR that has these tax losses?
How is this tax loss will be owned by a new firm without buying ECR as a whole?
does ECR need to create a new company and assign the tax loss to it?
anyone has enough info on the possible outcome?
please contribute your reasonable thoughts about the subject.
We last heard of it was March 2023. One year now. It must be doing stuff.
what is the name of the one sold already? If it is not Medas?
https://www.branduk.net/ecr-minerals-ecr-creswick-drilling-pic/
Standanddeliver, thank you for the information. I guess this has to wait for at lest few months for the price to settle in. The sp still has a long way to go down I guess. Two years without income is a long time to wait for this to come good if any improvement could be materialized.
I guess the 15p could be realistic in few months here.
The RNS state it clearly that for two years the will be very low profit:
Nevertheless, the Group has been experiencing significant levels of third party complaint submissions. Reviewing them is causing an increase in administration costs. While the vast majority of these complaints are not upheld, the associated costs are likely to materially impact the Group's profitability in 2024. The Group is exploring proactive legal steps to address this situation.
The Group remains on track to deliver the benefits of its previously announced cost saving commitments.
Allowing for the factors described above, the Group expects to deliver adjusted PBT for 2024 which will be substantially lower than market consensus, resulting in a low single digit adjusted ROTE.
2025
In 2025, the Group intends to deliver accelerated but disciplined growth across its full range of products. However, the near-term adverse impact of IFRS9 accounting requirements linked to receivables growth means that the Group's adjusted ROTE is expected to remain in the low single digits, as it continues its repositioning and transformation.