Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It is a hill and that may suggest it is an old dome. The 10 m depth quartz is a strong proof of the doom activity in the past.
Oxidized quartz means it is loaded with something among them gold. 10 m quartz is very significant vein unless we hit a near vertical vein. If it is a vertical vein then near surface operations are possible with low costs.
75m tax loss, that is massive amount, we need deep pocket profit company to accommodate that.
In limited trades market MMs become monopolist and dictate offer and bid price. They are the only ones making profit at this level. They drop the price, They raise the price till there is news that could change that.
I don't think conspiracy theory can explain aim problems.
we are in the middle of a deep depression caused by:
1) Covid and the large amounts of money spent by gov's to keep people away from work. that caused inflation and forced central banks to restrict money supply to fight inflation.
2) the surging wars between USA and other parties in Ukraine, Palestine and probably china in the near future.
this caused extra costs on fuel and food and other goods.
in short, small companies in aim they are always banking on prosperity and expansion. but what they got is hard time and restrictions as larger companies are not willing to take more risk and invest in aim companies.
Gold prospecting and production companies are not affected by this depression as gold is always the last resort for investors.
ECR need some luck and a bit of risk adoption form the neighbours to see it through to profitability.
With little trade, MMs are making a kill selling at 0.27 and buying back at 0.25. What a deal!!
41g/t gold is equivalent at 100g/m^3 and that is £6600 for each cubic meter for that staff. it is enough to have the vein stretch a bit in one direction and few hundred meter in length to have a viable mine. Tax credit and some injected cash may bring a strong JV to ECR and start the first production mine.
The gold is there. The capabilities are there. The will to move forward is there too.
Give us a deal and lets start.
The order of the day is still:
Successful Debt Restructuring and issue of equity. 13 B shares so far without counting the cost of the next acquisition of a new oil project and some cash to start working on it = fees of course. I guess we need at least 5m.
I wonder how the new investor if any would look at existing shareholders. They will prefer a new company all together.
if Tom is still around I guess a ton of money won't make a difference as he will spend them doing nothing.
If you neighbour have gold you are likely to have it as well. Here is why.
The magma chamber that created gold works like this.
https://www.youtube.com/watch?v=OHHnykFByzE&t=191s
One thing is certain: when looking for diamonds vents, usually the vent is deep and diamonds originate deep underground about 200 km and pushed up by a huge pressure up; so finding ground surface diamond is always close to a vent somewhere or carried away by water.
gold is deposited where quartz veins exist and these are coming from some depth pushed by hot water and steam. so finding veins at 60 m depth is a sign that larger veins exist underneath. we need to identify the week line in the geology that allowed this veins to exist. surface gold is just the sign of a surface vein being weathered away may be at higher ground and carried down by water. so the search is for three items;
1) what is the source of surface gold.
2) what is the structure and size of the in depth veins
3) the mother of all is the chamber where these deposits may have bigger percentages.
The theory is: gold is melted in hot water and other chemicals and pushed up through existing gaps between rocks. finding morrow veins is always a sign of larger veins. low grade gold close to surface does not mean low grade gold at depth.
https://www.youtube.com/watch?v=61jRy362TrI
An artichoke!!!
what a tax man has to do with an artichoke? Are they hired to do so?
I don't want to hear about this business.
No cash No assets wages for few weeks and another raise is done again. just peanuts. sp should be close to nothing.
This one as well need its own cash raises to define the find.!!!
Too many project for a small company is just like a hot potato in the mouth.
God protect us from further delution.
Increased the tempo, may mean increased the:
1) communication with JV to fill the gaps in all his questions. or;
2) communication with Heavy finance 3-5m to finish a drill campaign in one area.
as finance don't need field visits, I guess the first one is more likely especially with the neighbours who already know the area.
I was asking the question, why share holders give new investor fast profit and exit just days after they invested in.
It is very silly to have sp above 0.004p as they will sell and invest again at a lower price and what is left for long term share holders is nothing.
silly indeed.
When finance boys try to solve an economic issue then what is going to happen is a catastrophe. look at Argentina, Lebanon, Egypt....and the likes. Syme is a set of finance boys, they will never recognise the structural issues they have.
down down and down. Change gov or die in the abyss. finance engineering works only when there are no structural issues.
At the moment only share holders get the kick.
Mcap 24m for no income company
raise and raise again till drop under weight
61 billion shares so far.
0.04p is over priced
given current state of affairs this should be 0.004p a share and 2.4m mcap no more.
false hopes in 'finance company' is the driver of speculation on this dog.
sell sell sell. do not trade this dog unless it is bellow 0.02p as it may bark again.
Mcap 4m????
4 major deposits each could make a company on its own.
Victoria: investors should stand by their beds!!!
fair price before JV in any of the four location should be 40m mcap, that is 2.8p not 0.27p the current price.
ECR should focus on one project and take it to final stages and get value back to share holders.
listen https://youtu.be/WkCvrNXKTOQ
tiny investors are here trading the 10 % margin and selling false arguments to novices.
Those sold out today may regret it tomorrow as there is nice buys on the bag ground. This may bounce back to 1p or higher.
23-Jan-24 16:29:16 0.287 1,738,675 Sell* 0.28 0.30 4,990 O
23-Jan-24 16:19:04 0.2889 300,000 Sell* 0.28 0.30 866.70 O
23-Jan-24 16:04:39 0.29 598,166 Sell* 0.28 0.30 1,735 O
23-Jan-24 15:58:06 0.281 500,000 Sell* 0.28 0.30 1,405 O
23-Jan-24 15:56:45 0.281 500,000 Sell* 0.28 0.30 1,405 O
I can easily guess who they are but I leave it to them to spend the night on it.
How much the asset sale would bring to the bank?
It wat 0.04p when George injected the new hope and sp jumped to 0.60p. Now it is heavier with new shares and warrants and little finance left. What is the sp going to do next? 0.04p again or much less given the new acquired shares since then.
With tons of warrants at 0.03p, what chance this has to break loose?
Unless Exon Mobile decide to start work on their licence in the area, this one has to go down with the difficult muddy and unsafe African in land ventures.
News: Hired rig, start digging, then results. Too far away for this sp to stay where it is today. It has to go down before confirming any positive results. and they have to be of a good magnitude given the risk level.
Alfresco, that is another obstacle in the way as he will be firsts to be served when copl recover if any chance of that. As I see it the 2.5m are not going to last longer and we may need to beg again for his help and we give him warrants at a much reduced price. at best we are stuck here unless sales of assets prove to be worthy.