Assuming an eventual 2bn shares in issue and the current price of gold, ECR would have to mine and sell about half a ton of gold to achieve an s.p. of around 2p.
Lots of other factors could affect this result but it just gives a little perspective of the task ahead.
Achievable ?
Well said H.H.
You probably would be a happier haddock if you lived in the sea and not just by it !
ScarletVixen,
I am one of those poor sods who live in the North.
I live in a lovely 5 bedroom beautifully restored farmhouse in 2 acres of landscaped gardens with open views of farmland the Lakeland fells and the sea. The air is clean and pollution free, we have a very friendly village community, little or no crime and just light local traffic.
It really is a nightmarish place to live.
Assume 70mbs from Skerryvore to PMG. { maybe more }
Assume price of oil £65 pb. { probably more}
Assume profit of£20 pb after costs.
109m shares in issue
This equals £12+ per share.
Are these assumptions wildly optimistic or rather conservative?
Just trying to imagine myself well off after all these years !!!
Does R.M. and the B.O.D not realise that as shareholders we are part owners of the company and as such even just as a matter of courtesy and simple good management we should be kept informed of progress or otherwise.
Mushroom management comes to mind.
Could someone advise me what Selene has been valued at in terms of price per share please .
This in addition to Pensacola could offer a really healthy return on our investments.
That is my final investment in ECR.
Almost a case of too many eggs in the basket!
Will I finish up with a rich deep yellow omelette or a pile of bad eggs?
The £2.3 m trade at 10.16 was mine and it was a buy!
Pretty instant.
Well it wasn't me .The 2.6 mill. trade was me and it was a buy!
Although I had promised myself not to increase my holdings in ECR, I could not resist given the real possibility of some potentially exciting news on the way.
At least I can claim C.G.T. credit from my substantial losses. problem is I currently have no investments that will make meaningful profits to benefit from this.
A Nobel Prize for lies and deception should be awarded.
Don't rest in peace Deepverge.
Been away for a few days.
Any feedback on yesterday's Q& A session? All seems very quiet. Did it go ahead?
Are the proposed Pitreadie wind farm and the proposed solar farm not the two " company making "deals T.C. was referring to?
Plenty of blue today but no positive response yet.
A really positive and encouraging RNS then what do we get?
A sea of red and a drop in the SP.
Frustration but also a strong sense of anticipation.
Deeply invested here and in for the long haul.
Unless the bailiffs are knocking at your door seems crazy to sell at the current bid price.
GLA
Was Haythorpe Tangoed ?
****ging each other off does nothing to shift the s.p. which unless i am very much mistaken is something we all want.
Looking forward to my share of the sale proceeds.
What a disgrace!
Thanks T.I.