Member Info for Dan1605

They're merely promoting the investment case, I wouldn't call that ramping. The cash situation was known back in the Spring, it was stated at the time that the company had enough cash to complete the SS. Anyone shocked by this revelation clearly did not do any homework.

The sp dropped because circa 13m shares were dropped on the market "at any price". This appears to be one seller but the question is who.

Those late trades explain yesterdays drop and qualify for a TR1.

Agree Jarvy. Pat has also stated on a couple of occasions that he intends to buy once the SS is released. The drop is a perfect opportunity, as is the need to raise cash. I'm not suggesting that he wanted this drop but it does present an extraordinary opportunity.

Not sure about that, this looks extremely weak. I've not seen selling pressure like this on the release of a SS for years. Obviously financing is the Elephant in the room so they need to act fast to get that sorted.

Agree with every word Jarvy. The trades just don't justify the drop but watching the order book throughout the day the Ask was constantly loaded, this suggests that there is a glut of stock that wasn't there yesterday. The board did say last month that they wouldn't raise at the price at the time which I believe was 2.2p so who knows. Also agree re ASX, I've never seen any advantage to a dual listing.

i've been back through the trades for my own sanity and we've had 6m in large buys. roughly 19m buys vs 15m sells, suggests either stock is coming from somewhere or the mm are taking the ****.

This is more than just a reaction to the Scoping Study, something else is afoot and more than likely a placing.

There was always going to be a need for CAPEX but I agree Earl, retail would rather take a 40% loss than wait.

Whilst the gold price is positive for the industry there is no perfect storm brewing for ECR until they find gold. It just means we have a better chance of flogging that rig.

The mindset of the MM is quite simple, make money on the spread without getting lumbered with stock. The rest is folklore.

"unexplained rises, especially with poor flow issues and low gas prices is not indicative to this rising"

You say that BP but you were happy to pay well above 1.2p earlier in the year when there was more risk.

the actual spread is now where near 25% snip, calm down before you **** yourself with excitement.

High net wealth individuals selling for a grand MM are happy to soak the stock though.

A good proportion of these sells are traders that can't hold for any longer than a hour so difficult to tell how much volume is from the flippers. Hardly worth it for 15%.

That's funny because I posted a question in the Telegram Group about the sale of Brewing Lane. I'll watch it back later today when it's released.

"edging ever closer placing price" it's barely moved over the last few weeks so spare us the bull****.

It's no longer in a downtrend but moving sideways. Still good support at 0.20. The MM are loving it.

Point taken Nice Pair but you're missing the bigger picture. The gold price increasing is good for explorers, the higher the price the more lucrative it becomes which then fuels a gold rush. Hopefully, along comes somebody who is capable of finding it takes out of license.Sorry, just can't help it!

The next couple of trading sessions will be telling. There appears to be very little selling, certainly far less than we're used to seeing around 0.65. I've been very suspicious about the trading range for some time, I've been in the markets for 17 years and although appreciate that stocks can fall into a trading range this has been somewhat different. Let's see what happens if this does breach 0.65 but I too have a feeling that something is stirring.

Amen Notrex!

This is being traded to death however and most are holding for a matter of hours and losing! Here's a few,

14-Nov-23 16:09:52 0.219 3,106,367 Unknown* 0.2 0.23 6,803 O 

15-Nov-23 08:05:24 0.20751 3,106,367 Sell* 0.2 0.23 6,446 O 

This one is the best... held for less than 2 hours.

13-Nov-23 13:50:12 0.2066 1,407,655 Sell* 0.2 0.23 2,908 O 

13-Nov-23 12:14:57 0.2126 1,407,655 Sell* 0.2 0.23 2,993 O 

15-Nov-23 16:01:28 0.2379 1,027,343 Buy* 0.21 0.24 2,444 O 

16-Nov-23 10:54:40 0.221 1,027,343 Buy* 0.21 0.23 2,270 O 

15-Nov-23 16:26:55 0.2379 630,517 Buy* 0.21 0.24 1,500 O 

16-Nov-23 08:08:38 0.2166 630,517 Sell* 0.21 0.23 1,366 O 

17-Nov-23 09:32:11 0.2202 436,945 Sell* 0.22 0.23 962.15 O 

17-Nov-23 08:00:52 0.2275 436,945 Buy* 0.22 0.23 994.05 O 

Unfortunately this is half the battle.