RE: Progress20 Sep 2025 08:20
Hi SR, I have been following for a decade or so too... maybe a bit less... long enough to experience the end of CB's tenure which was so so different (RIP).
It is very very clear that what we are seeing here is the early stage of a big repositioning of ECR.
With all the noise and the fudsters and the 10 or 20% up and down it is also very easy to get despondant or confused. Investors should not do this. They should consider a few basic things.
Recent and current management paid themselves largely in shares. Thy have also carefully shepherded the companies limited finances to get to a point of actual revenue generation... which is close. The price of gold has more than doubled since Nick Tulloch began here.
This latter, the gold price is a GAME CHANGER. You could call it luck. Whatever... it is what it is and it is a massive massive boost to ECR.
Recently we have seen two very high calibre appointments. They have not rocked up just for a laugh. They too have many shares.
All of this is lining up and still the MCap sits well below £10 million. You can look around the market and many companies with similar valuations that have F all. This should be 10-15 now. With production and more good news from Lolworth 20 plus... very good news from Lolworth... well hard to predict.
You will get your 2p. Might take a couple of years. Might not. I have mainly been interested in a penny but the appointments and the gold price are certainly inclining me to 1.5p. Probably I'm I am way off and this will do 3-4p.
So, eyes away sometimes. Ignore the noise. Watch the steady process now. No bailing at .45 and .53.... that is not the target. It's just the first ripple... bacon sandwich. GLATH
Sign In
Follow the stocks
