The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
AdsCoops - you were correct in your comments. But you should not have to make them if the company performs as the chairman stated in an RNS. As shareholders we rely on what we are told by the board. I am as disappointed as you.
and also the Proactive interview of 23 July which also featured an interview with Adam Jones (his first). In that one Adam was referring to notes as he answered questions. Be that as it may be he seems straight forward and does not guild the lily. It is obviously sad that Craig has passed but in the view of I and others he has left a legacy and game plan. If one looks at speculative investing on the basis of risk and reward I keep returning to trying to answer the question who would spend company funds on land, a building and drills unless they thought that they were onto a resource or two?
As we know Adam Jones is a geologist. He may not be used to giving interviews but he puts forward his views on the geology of a tenement in a good way. I found today's interview with Alan Green informative and helpful. 28 g/t. I am no geologist or miner but if that grade can be found elsewhere in the forthcoming drilling of HR3, we may have something quite valuable.
Adam Jones is a young man and as far as I am aware this latest interview is only his second ECR interview. The last was on 23 July when it was obvious to me that he was referring to notes . I find him refreshingly straight - little embellishment which suits my understanding of the position. I therefore disagree with some of the negative comments regarding the interview.
I commiserate with you Melville. ECR is a company largely supported by retail investors. Weili David Tang is the remaining senior director. He may be a non- executive chairman but he is the logical spokesman. He has done nothing to support shareholders.
I am invested in five names; my investment in COPL is my smallest in any of the five. Yet with only 164 million shares in issue there is a limit to how many of those will be sold pending further news. Sure there will be shorters and some retail sellers but there will also be buyers. Some say Millholland is suspect but he is said to hold 3% of the equity. I expect him to try and protect and enhance the value of that 3%.
The company actually produces oil and if Millholland is to be believed COPL exploration has led to a new find. Time will tell whether he can acquire Cuda's interest from the receivers - let's see what happens. But given the possibility if not probability that the oil produced will increase in volume and WTI will stay sufficiently high in the medium term, I see increased production being reflected in higher revenues and those being reflected in a higher share price - a decent risk/reward proposition. I will hold and when the share price tide turns will probably add.
Thank you cs 123 for making that call. Craig's demise was sudden but despite the shock retail investors and a major shareholder rallied to support the remaining members of the board and bought shares. The least that the remaining members of the board cold do is to lean over backwards to repay that respect by obtaining and releasing anticipated news e.g. some or all of the Creswick assay results.
For my part I do not expect an early appointment; rather the board takes its time in conducting the fullest due diligence in selecting a replacement for Craig.