Member Info for Blanka

Thanks for comments earlier.
Have now spoken with ii who have taken my order to participate in placing. As noted ii are charging £49 for the phone broker fee plus your normal trading charge. So closer to £57 for most people. Which is steep tbf.
Very easy to apply for. I checked with the lady on the phone and she said that the fee will apply at this level whether you get a full or partial entitlement but confirmed if you get no shares there will be no charge.
I asked her if she'd had loads of calls about it since yesterday and she said she'd only dealt with one so far... but no idea how big their brokering team is.

Thanks Janiax.
To clarify I wasn't considering selling my holding rather using some spare cash to add to it at a bargain price. Seldom in these AIM placings do the little PI's get the opportunity to partake at the low prices that get offered to IIs so I wanted take advantage.

Like many others i'd like some placing shares, normally I only invest/make trades on line (as opposed to placing orders over the phone). I currently have my investments in an ii account. I can see in the late RNS yesterday GDR say get your broker to call Peel Hunt to bid for placing shares. Does anyone know if ii will perform that service for you?

This may have been asked already but i'll be honest at not having time to read through the 1000+ posts made yesterday to find the answer!
Thanks in advance

Let’s hope so. Hugely encouraging. And if true NCM aren’t going to get 70% of Scally for a tuppence.

Anyone know if those two ‘open’ tails in figure 7 head in the direction of Scallywag? It looks that way but hard to tell.

Immense grades and strike lengths. Plus don’t forget the copper! Up to 2% in some of those holes

Lots of explorers seeing crazy rises over the last few days, more due to low market cap than particularly wonderful news. Most not a hope of turning a profit for years (I know that’s AIM for u!)

Yet here we have a company with 30% share of a fully operating mining operation, revenue (and presumably soon profit) generating, on the main market, in a safe jurisdiction with good management..... and it sits at £8m market cap. Go figure!!

Well hopefully Pere’s time will come.

Hopefully revenue will be more as they’ve stated they want to ramp tonnage up going forward. This simple calc doesn’t consider the debt repayments

Need to know profit they are making on that revenue, but fag packet calculation, on a guesstimate 10% margin gives £3.3m profit per annum (based on $3.7m & $3.4 in first 2 months) looks like huge PE ratio range of 6 right up to 30. Go conservative with 10 and you end up with market cap of £33m. Lots of guesses and unknown variables in here but £8.6m seems on the low side.

Will just be nice to, finally, at least have the option to sell!

Cheers Ad3 you’re right I do recall that from previous RNS now. I’d ‘bottom drawed’ this to be honest .... at one time I thought it could be the next SOLG .... guess it still could but it’s a LT investment now

Ha Cheers Ninvestor, As I understood it ST was in quite a high altitude exposed spot so I am surprised they have not mentioned revisiting it. What was it something about not being able to get through cap rock above what they are *convinced* is high grade copper. It’s strange as ST has been touted as the biggie here for ages. At least some of the other acreage is looking encouraging and as you say comms are a bit better. Wonder if Mr Webley will sell into this rise...

Right direction, only another 250% required to get back in profit :( Hope those drills get turning soon, summer is rolling on!

No probs Mullins. Don’t know if means anything concrete but it’s not shown like that before. Guess we wait for the company to update via RNS

Just noticed the PERE ticker has now appeared on my google finance stock list at 12.5p so hopefully not too long until this returns to trading. Will be an interesting first few sessions.

Wowsers look at that publication list!

Monty you are correct sort of. When the subsidiary Mercator gold was released from administration a few years back it retained AUD 66m of accumulated losses. These losses “should” be useable against future profits to reduce the tax bill when (if!!) ECR make profits. It was one of the reasons as I see it the Oz gold licences were pushed into Mercator. Fair play to the CEO if these latest drilling results are as good as we all hope. It’s taken time and patience but after the company almost went under following the departure of the previous bloke he hit the reset button, cleared the awful debt financing, brought in some Chinese investment and refocused on the safer Oz mining sector. Now hopefully ECR are on the brink of something big....

Very positive and well thought through RNS

Yes an SOLG Faaz although that took a while and then a major getting onboard before it properly retated

So possible 20% dilution if all warrants are exercised but an extra 1.7m in the bank. It does remind me of the reports when GGP started to rerate the first time in relation to Ernest Giles. I’ve been here since the Copper Flat days so would be good to finally see some return on something I’d written off! Hopefully they can still use that AUD 66m of tax losses in Mercator too.....

Gallini, yep. And that’s without the other assets and potential here.

So on the basis of 3 months of year to date (and Jan looks low compared to Feb &Mar) i make it £3.2m a year profit before tax... from 8 wells. Hmm what’s the typical PE ratio for an oiler? 10-20?....