RE: Ecr JV21 Apr 2020 14:17
After years of watching ECR`s trials and tribulations, up a bit, down a bit, sideways a lot, personnel in and out and funding rounds to keep marching, its nice to finally see the company making some decisive and significant moves to develop their footprint in Victoria, by narrowing down the focus on to the best potential license areas.
A JV with an initial $10m (i think) investment was what put Solg on the map, and the sp went in to orbit from about 1p to 45p in a year or so.... Cascabel was further down the road than Creswick is but it still gives an insight as to how quick the valuation of a company can explode.
One of the big companies deciding to JV with a serious injection of working capital would put a rocket up the jacksie of ECR`s share price, and judging by the chain of events recently it looks like it could be on the cards....with more than one potential suitor doing their due diligence.
It may finally be time to start getting a bit more optimistic, the potential is huge.