Opportunity and Nascent Value in Danglay License22 Feb 2023 11:25
The RNS issued today carefully chose the word Nascent that means in this context “Beginning to Exist for Development”.
AH , in my opinion , will want to develop this opportunity for ECR now that it has 90% of the project.
AH is not the type of CEO to shy away just because it’s outside Australia or because ECR have other demanding projects within Australia.
He has the ability and connections to grow businesses , as proven in the past.
Most likely he is looking at JV options but using the word “Nascent” does not suggest he wants to sell a Non Core Asset but rather reclassified Dangley as a Core Asset. His strategy , I believe , is to grow ECR into a big mining company with the best portfolios he has ever seen in a small mining company.