Member Info for Dan1605

A business can still be profitable and still have debt...basic stuff.

"Yes the company has no assets"

The company is now making a profit, stop taking rubbish.

value will only increase here once they start producing, there have been too many false dawns. this is not to say that the company isn't worth more but certainly posters will have you believe it's close to administration. james for example is trying to convince us he's still holding whilst convincing himself that's it game over, a billy bulls*tter.

sentiment is on it's **** and that's not through the lack of trying, if the bod didn't give a toss they simply wouldn't bother, remember andrew haythorpe! actions and not words are needed now.

The sound of a rolled out punter using one of his many accounts. It's a profitable business "Tony".

Now valued at £900k, incredible.

Yet you're still holding "some" shares, absolute rubbish.

"No one here is making money at these prices." No Sh*t.

Other than stating the obvious was there a point to your post?

It's no different to the Craig Brown strategy, fire random, multiple shots and hope you hit something. I don't blame them for trying because if you don't look you will never find it but there appears to be absolutely no strategy. We have been sat on potentially producing asset for 3 years yet went off chasing Victoria even though the last CEO decided to leave. I see on X that Mike still sees these latest results as positive...

Very impressed with Paul on stockbox, I meet charlatans and bull*itters every day in my day job and Paul certainly comes across as genuine. One thing is very clear, we are extremely undervalued as a profitable business. It's a simple case of riding the storm.

I agree chaps, this has to be the most listed undervalued, producing oiler. Sit it out and come back in 6 months when the oil price is higher and production has increased.

My thoughts are this James.. if they fail to get BM into production this yet then the entire BOD should resign at year end. Drilling requires an element of luck although ECR have never had any...which makes you wonder! Production however is operational and although it requires an element of luck it's entirely operational which requires competence. We'll find out by year end just how competent this lot are.

Apologies James. I wrongly assumed from your barrage of negative posts this morning that you didn't see a future and had thrown in the towel.

I see some on X are now calling for resignations. I don't doubt that the bod have been putting in the hours (well most) but I believe they've lacked a strategy and investors are tired of the snakes and ladders. The chance of flogging the Baillieston asset going forwards is now slim, they pulled out of the tax loss deal and took a punt on the drill. The future of this company solely rests of BM and I'm afraid to say that getting yet another placing away will be difficult, especially if we're still sat at this price.

The fact that you're still here Gary suggests you've lost money, again. Save the lecture on investment, you've lost your shirt and more over the years.

All the best.

You're talking like you're still a shareholder James, you've just told us that that you've sold up.

Buy high sell low again James..

"The Blue Mountain Gold Project is estimated by ECR to have an indicative revenue potential of approximately A$470,000 (US$295,000) monthly, based on a 0.6 g/BCM grade, a 25 tonnes per hour wash plant, and a gold price of US$2,790 per ounce. This could potentially increase with dual wash plants and the current higher gold price" Gold is now trading at $3,300 per ounce. This will more than cover CAPEX/OPEX but it's a question how how quick they can reach this volume. They need to get a move on.

Then you have to ask yourself what they have achieved other than a handful of placings. If they don't get BM into production this year the lot of them should walk.

"Nothing will change here, NTOG is in serious danger of collapsing"

Whilst I agree with you other comments I don't agree with the above. To be fair to PW he's achieved more in a few months than Matt the pratt did in a decade. This is ridiculously undervalued for a producing company that is cashed up for the year but you will always get some that decide to sell up.

There are better prospects around in the short term but for those that want to do nothing, this is a good bet within the next 6 months.

I think you'll find it's flat Gary... FACT.

The two large sells have dropped the price today, suspect there are a couple more to show.