Member Info for ARahim

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.

I am all hopes we smash the 1p mark after the next RNS. The new investor was happy to invest at 0.30. That is a big sign he has seen gold dust on the CEO clothes before he parted with his cash!!!

It is a war zone here: shorts dump more and traders try hard to ride the turbulences. by the end of the financial year one of them will triumph for sure. It is a long period of uncertainty.

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.

The missing bit is how much vanq has to pay as compensation. so all profit will be used to cover customers claim compensation.

Sorry I meant Monday not tomorrow. I expect next week to be positive.

Final Results 27-Mar-2024. will do the trick. if dividends will be close to last year, sp is bound to recover soon.

do we have any reason to not have any dividends???

It seems today is a mood changing day. lots of investors are taking position again. traders still not sure. Tomorrow may be they will join forces to push this to 75p as a first step to test the stability.

Oversold and need some adjustments.

@coffee, disparate. No more dumping mate, jump in or keep out.

It seems those, used to dump stock here, managed to get some back under another name.

The Swede done it and left monkey needs coffee to wake up.

hopefully the sp will move up soon.

In very negative here but I hope it will change soon, add and hold.

Miners don't loose value easily, as long as there is staff underground.

Sp is still depressed at this level. ECR has lots of options and it should be returning to previous levels soon.

They have cash for at least one year.

Tax loss worth £75,000

plus multiple prospects where gold being proven.

This sp level is just the left over of the unfortunate death of the previous CEO.

Good Days ahead. I hope Tamer is not bashed again for being optimistic.

Traders has their day yesterday. That is enough.

As I said before, this company need fresh cash and fresh shareholders. The existing shareholders will have dilution.

Now it proved to be in need for a new director as well. Tough decisions ahead.

Swedish indeed, straight from the woods and selling. How much they still hold at this stage?

14 Bagger!!! Nice! this suits me nice. 0.3 *14 = 4.2p although I expect more after JF and Tax loss 75m taken into account.

waiting for those drill results.

Passed going forward: means echo is not likely to move in any direction. This may mean going round in circles.

clean slate: means no value is left for existing share holders. The new investors get the lot.

Or do you have other explanation?

Cashking, it is a good tweet, we may stumble on good cash hoard there on those hills.

Where is the news? they must recounting their fingers and kicking themselves to wake up to the truth.

der is gold in dem der hills.

K.hills, 10m deep red quartz must contain good stuff, gold on surface must had come from these veins. who knows we may hit a valuable minerals as well as gold. A hill is a good sign of an old dome, Quartz is the proof of volcanic activity and colored quartz is the sign of deposits. surface gold is the icing on the cake. can't wait to see those results and I will be thrilled to know the vein is stretching further along field close to surface.

Lots to wait for.