Member Info for Bottmzup

I think its awesome news, the quicker we get rid the sooner the sp will rerate to a more representative level.

That leaves them with 2.77%, or 3.72 million shares left.

With 28 million shares changing hands this week these could be gobbled up quickly, and once their selling influence depreciates we could see the MM`s having to let this go.

The picture has changed.

Zoom, yes they are fully funded for an extended drilling campaign right through to the middle of next year.

I think what Flappingchicken was saying is that there was a fund raise of about £680k in Dec with a new issue of shares @ 0.70p, so fundees selling into open market with a profit.

This was the deal..
ECR Minerals has secured a strategic financing raising £680,000 through the issue of 97,142,857 new ordinary shares at 0.70p per share (“Financing Shares”);
Allowing for the existing cash at bank and the funds raised today, ECR has sufficient working capital against enhanced operational plans, until at least Q2 2020;
Each strategic financing share has a warrant attaching to subscribe for a further new ordinary share in ECR Minerals plc at a price of 1.125p within two years of the admission date of the above financing shares resulting in the issue of 97,142,857 1.125p warrants;

I think you could move the decimal point on that subscription price for the real share price in two years from the December announcement.
And I don`t mean to the left!

If you moved it right it would make 11.25p roughly a 12 x bagger from here in two years, say £40m or so.

Now, I`m not a gambling man!..........ha ha.....well obviously I am, but it`s quite feasible that they could continue to find gold at decent grades in their huge amount of targets, that they are fully funded for....(for a small miner).

Don`t forget, its only the likes of us PI`s who like to look at this kind of stock.... AIM, junior miner, big risk/reward..... even know about ECR, or would consider investing in. The medium risk players start to come in after results are confirmed.

The big miners will be considering them on their watchlists though.

``

yeah seems a bit odd timing to want to sell today, just when the results news flow is due.

Maybe some 10%ers taking flight after buying on a dip.

Relatively small lumps really and should see significantly bigger buys if the remaining 9 holes present more high grade results and visible gold.

Maybe I`m too optimistic but with money in the bank sufficient to complete a lot more drilling into the rest of this year I can`t see a market cap of £4m being appropriate for long.

POG still holding up, plenty of upside here....you mark my underpants!
:-)

Just to add, you can still pick these (BCN) up cheap guys.
I won`t post on this subject here again but profit takers have moved in and its 24p to buy at the moment.

Thats a market cap of c£32m
Had £20m in the bank in Dec
NPV of Sonora mine in Mexico = $1.25bn
Reuters report two big guns including Southern Copper of Canada and a Chinese group want to buy!

Just waiting for funding to go ahead with building, already have £220m committed by big players.

24p to buy as I write.

And good luck to you all here with your t/o or whatever happens.

Dill, I lost money on these before, sold what was left and moved on.

Now, the new ECR is looking good because of all the licenses they have in a very lucrative region of Australia (read my post from last night for a summary)

All you do is moan all the time when you should be re evaluating the new potential here, and maybe buy a few...now..before its too late.

That way you might even turn that frown upside down when this sp starts motoring.

Hello peeps, glad someone picked up on this one....and guess who`s been building a position and took advantage of this weeks short attack @ under 14p!

Yep, yours truly.
As much as a 100% riser in two days, now thats what you call a good buy!

Good bye.

That spread is depressing!!!! Dill1

No, you`re depressing!!! But you won`t bring down my optimism into a misery guts mood like you.

Look at the buy/sell prices and you`ll be able to work out that the spread is .925p - .975p

STOP WHINING!!

Yeah, news is that at least 2 big players want Sonora!

http://news.goldseek.com/PeterSpina/1500580800.php

Note the bar at the bottom of the chart...puts ECR in the `pre-discovery` stage! (Australia)

Put my money where my instinct is and topped up this morning.

There`s going to be a production line of assay results coming through in the days and weeks ahead, and with the signs being that there`s plenty of the yellow stuff in them thar hills...or desert, it was rude not to add while the price is still sub 1p.

Yeah £20m in the bank and a market cap as I write of £34m!!

So Sonora and Zinnwald worth £14m?

:-)

That wouldn`t surprise me...it might surprise some on here, but think they would probably still moan about losing money previously on this share (even though they have only one person to blame).

Anyway, I thought todays RNS would have got a bit more of a positive reaction both on here and in the market.

It`s like being just outside the radar screen of most `junior gold` investors, and that could well be that the name ECRMinerals brings back bad memories for some.

If you`ve followed the whole story then you`ll know that this is the NEW ECR, with different board members, different objectives, different financial position (funded for c18 months), and operating in one of the most lucrative jurisdictions for gold miners on our planet.

I truly believe that when the market wakes up to the potential, hopefully following the upcoming stream of assay results, this will indeed multibag from here, several times over.

Todays market cap of £4m is almost laughable when you consider that these early results are showing visible gold and grades of up to 17.87 g/t gold!

`To achieve an intersection of 17.87g/t gold over 2 metres is notable. But also of significance is that this was part of an intersection of 15 metres at 3.81g/t gold from relatively shallow depth.`

They could well have enough gold within just the assay results alone, (in the core!) of the remaining 9 holes, to cover a portion of todays market cap....and thats only the Blue Moon prospect, they`ve got plenty more results from other prospects to come yet, Creswick, Black Cat etc.

The traders/investors will be watching, and if subsequent results confirm a large gold district, then the market, and the market cap, will finally wake up!

oh and I forgot...14/03/19 - BCN issue RNS stating they note the share price move up, but just concentrating on funding negotiations.
So not denying the Southern Copper report, in fact making a point of not referring to it.

No denial is as good as an informal confirmation...thats why its difficult to buy these at a juicy price.

Ha ha, major Tom sold and is just playing the deramp game...its just how it works.
But remember MT..
11/03/19 - Fall to 12.5p was way oversold, shorters attacking due to uncertainty and twitterati claiming funding at 10p.
12/03/19 - RNS from BCN saying `we know no reason for fall and just concentrating on funding negotiations`. Rise from 12.5p to 14.5p
13/03/19 - Price continues rise and closes at 17.5p
14/03/19 - Reuters rumour/article/report saying Southern Copper and a Chinese Co are in a background bidding war to take BCN/Sonora out...price goes from 17.5 to intraday high of 27p! A bit of profit taking but price holding up on very high volume with buyers winning tug of war.

Market Cap of c£31m ridiculous considering the size of Sonora, grades, and low cost of production!

DYOR but basically you are short from here.

Good luck, you may pick up a few pips from here but don`t leave it too long to go long!

Yeah 11,000,000 volume.
The squeeze was always going to blow at some point.

https://www.tradingview.com/x/c5ktSgNH/

No denial is as good as an informal confirmation!

Yeah, smoke and fire spring to mind.

Seems a bit odd, or even tongue in cheek, for Southern Copper and Mr Gonzalez to pretend they don`t know who the company in question is (BCN) when I have googled Sonora Lithium, and projects, and mines and I can`t find any other miners in that region.

But I did find this article from last year about Bacanora and the Sonora project which was a good clear round up of the potential, for those new observers here maybe considering getting invested.

http://www.mineriamexico.com/sonora-lithium/

L2analyst ...So much interest in the share now, where were they when at 14p

Well thats the other reason to thank the shorters for their organised attack, all it did was throw a spotlight on BCN and since the statement re `not knowing any reason` etc people have been doing some research on how viable the project is and come to the conclusion that it is definitely worth taking seriously.

And thats before todays Reuters article!

Happy days.

Shorts toasted?......well some did make 10%!!!

:-)