Member Info for Cocobeans

TS - afternoon

Until ECR come out and tell us the cost of setting up BM, who they are selling to, their margin etc - id say its a bit premature to be getting too excited.

anyway, see you Monday so more fun :)

Actually only benefits those that have agreements and are producing TODAY, as their margins will expand.

no point ramping Gold prices here as ECR doesnt sell any gold, they have no agreements to sell any good and are some time away from doing so- the margin will be the margin regardless

Plus in any rising market, ITS ACTUALLY harder to do deals as buyers and sellers find it hard to find middle grounds. thats not an ECR dig, thats transactional facts. buyers dont want to over pay, knowing their margins are squeezed if underlining asset drops etc

regardless, for now, its about executing what they promised to the market. nothing else really matters.

Does ECR currently sell ANY GOLD?

BM production is 6-12 months away.

Any other asset they have that they actually produce GOLD and sell it at todays price?

He already had a chat to the potential buyer- you realise how big Oz is right? And they moved onto BM

Prob realistic yo believe an update is now Monday given the deadline was today

But if they know it’s not completing, they should update the market- esp given how joyous they have been to promote Nick trip- bear in mind he has other business interests out there too BTW but no need to go there

Anyway- suppose I’ll hang around until Monday then given how everyone loves my company

Ps - another sell order is in the market! Just look at RSP - just saying

Hello- thought we were great at communicating?

No RNS so far!

F applicable, this would require, amongst other items, the Proposed Disposal to be conditional on the consent of shareholders being given in a general meeting, the publication of a shareholder circular detailing the terms of the transaction and certain other disclosures as set out in the AIM Rules.

How can something complete BEFORE this happens?

For the record it will obvs be voted through (when a deal is agreed in principle) but nothing will complete before this and therefore, the buyer wont pay anything until this is arranged etc etc

it all seems a little all over the place in terms of process and what they have stated imo

anyway tomorrow is the big day

GL for the morning you positive people you

Shall we continue the debate or those working out what’s happening?

1 day to go

Even with the buys the ask is falling- thats the evidence that sell orders are still being worked as the MM is needing volume to compete to fill their order

clearly these insiders know something

This will be afzal who has an account with CMC and he will flip the lot

disgraceful behaviour by him

You answered your own question and statement

Christ- the shares aren’t moving as the sellers are working sell orders as the buyer are buying, therefore they are getting matched off and the price isn’t going anywhere!

Coz they are worked sells hence the price isn’t ticking up on larger buys that retail are placing with the MM

The placing guys are for whatever reason exiting at this level on a daily basis and I think that’s telling given that the book was arranged by the company and their insider mates

My thoughts are simple

Retail get burnt by insiders on AIM all the time, just take a step back, don’t buy the BS and think- if there is a delay, what is the market and other details /leverage accounts going to do?

If I’m a believer, I then buy at that price, not at a price based on a promotion by Burton and his insider noddy mates

Then you sit and you wait for any deal. I don’t like people getting suckered in , when it’s obvious what’s happening in the short term, ie coming days. Coming months, this could be at 0.5 based on some great news, but for minute all that’s happening is a promotion for one reason only.

Hence I’m only interested until the next RNS

This company pulled everyone’s pants down when it was at 045-0.5 let’s not forget that.

They don’t care about your crappy £5k trade. They care about their insiders mates making £10-50k on flipping placings and then on nods and winks

That’s what getting under my skin.

Fundamentally I don’t care what price is after this next week as I feel I’ve been fair in terms of the company misleading in deadlines

NOW if I’m wrong come Friday- I’ll hold my hands up and apologise and I say I got them wrong.

But for now I don’t think I’ll need to do that and anyone buying now- will likely be 10-20% offside for now real reason unless they sign and complete a deal.

That’s my issue- burton and the rest of them killing aim promoting horrendous companies and pretending that ok, just because they get paid to do so!!

That fair or not?

More placing sells reported after - why are insiders are selling two days before ‘transformational’ news?

Is Edwards owns 25% of the stock and is the director- they have runway with funds- have tiny mcap and are in a red hot sector

£900k mcap now- clean shell- could do 1-2x from these distressed levels

Cleared first line of traders

Owns 25% of this stock- no immediate requirement for funding

£700k mcap- could bag from here

How does this proposed deal complete in two days time when they need to agree the structure and get this signed off by AIM, Lawyers and Local government?

They state in an rns that the first payment will be due on 31/1- doesnt any one of the believers just think this is totally unrealstic GIVEN that Nick has said multiple times and in an RNS that this all need signing of by so many parties

For the record, im not saying that this deal never gets done, or BM doesnt go into production

My feeling is all this noise is simply to create volume to sell shares into and for excessive rewards to be granted for no actual process. thats my issue. its not that they arent working on anything, its the circus around it. just look at Dave Burton posting insider winks and nods- its all thats wrong with AIM and the promoters/insiders!

the day in Oz is pretty much over- two days to go on that basis until we see whether its just been promoted to create placing sell volume or whether they are capable of execution.

Regardless come friday I will say well done or i told you and then wave good bye.

BTW you cannot short this stock- who in their right mind would short a small cap anyway! just total nonsense

enjoy the day of more placing orders being sold!

Guys- the placing boys are dumping into volume being pushed by the company.

You do whatever you want to do but I’m just telling you how it is.

These guys will sell you down the stream

But only one buyer is being met- i can have 5 discussions on selling my house, until contracts are issued, it isnt serious!

its a reach

anyway ill leave the echo chamber- sorry i just keep getting suckered in

Is £7.2m

they have c £1m in cash

£2m that will be paid in stages and Blue Mountain- rest of the assets arent worth anything - red herring

so until BM gets into production- again will take months given that they have to equpiment/buyers etc and sort land out- even if the famous tax deal lands- its pretty much at Fair value around 0.35-0.4. Without the tax loss money- this trades 0.25-0.3 - its that simple

obvs if they pull a different asset in, THEN this may see bigger gains but the tax losses arent that material as the money is going straight back into the ground (if its ever received) therefore by 2026 unless BM is generating money- ECR will be back in the market for money. its just how this game works

until then the promoters and insiders all make the money and the rest are blindly following in "hope" that they may catch a bid along the way!

i hope for you guys sake that ECR bring in a new asset and sunset everything other than BM.

but for now this is a boys club stock- generating wealth for less than 15 people and leaving you guys as bag handlers and positive reinforcement

BTW this isnt just an ECR issue, this is a AIM market issue- just on ECR this is run by a group of well known insiders, funny how nobody wants to question why someone gets £500k of options, when everyone else has to play by the market price.

£500k - when they have generated nothing for loyal holders holding this at 1-5-10p

the market knows of the terms of this tax loss deal- any other than this gets delivered its dropping anyway so its a known known

the way ECR generate returns for EVERYONE- is new asset and stop the boys club mentality and the winks and nods

£275m WORTH OF GOLD

PMSL - market believes this as much as I believe David Lenigas and Andrew Bell eats salad for lunch