Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
In announcing the passing of today's resolutions Tang said inter alia "restructure and streamline ECR operations". I personally hope that we dispose of HR3, Blue Moon, Creswick and Tambo whilst we explore Lolworth, agree terms with Placer and drill hurricane and pursue the application for the Kondaparinga tenement. Get money in; explore and hopefully mine where we appear to have excellent prospects
Lewis - you get these types on bulletin boards in respect of many shares - some are paid to do what they do - best to ignore them.
Do you represent China?
It is possible cashking that the 30 million shares which you refer to as being "munched" (sold at 0.2762) are part of the 31 million shares consideration issued to Panther (PALM) for Blue Mountain. See Panther's haif year accounts to 30 June released today and consider the corporate and finance section which refers to the deal and confirms that Panther disposed of the shares.
the lse record shows that over the past 30 days you, notrex have generally posted on 369 occasions of which 333 times have been on the ecr site directly or indirectly ****ging off ecr. have you posted that number of times on the ecr site because you are bitter about the company's past performance or has someone or some body asked you to deramp the stock? it is odd for someone who allegedly has a holding in a stock to trash his own stock unless he has a reason.
Which is why Notrex you retain an alleged holding in ECR. I am going out to a sporting engagement today; I guess that you will be typing away on this LSE thread most of the day as per usual demeaning your alleged holding. Have a nice day now.
The ability of Rainbow to clean up the gypsum stacks so that it is environmentally beneficial way to those local to the stacks is such a positive.
Notrex - you present a dichotomy. On the one hand your posts indicate that you are surprised (some might say upset) that ECR is not in administration; on the other you allege that you have a core holding (which you wish to see destroyed). I anticipate that I will receive a sanctimonious reply from you to this post.
I hope the following comments are not controversial. First the new ceo and ops officer intend to be fully aligned with shareholders - not something the previous management were. In my opinion options which have not been exercised does not make management aligned with shareholders. Second, the new ceo is an ECR board member unlike Andrew Haythorpe who, for a reason I could not understand, was not. I will not entertain negatives pro tem for I intend to keep an open mind and see what these lads have to say. Good luck for the future to those who have sold out.
Luca - I am as concerned as anyone about the outgoings to board members especially those of Tang. I have not said otherwise. If you are referring to my caution about an EGM, I have experience of such matters which in my experience have not ended well. Please do not try and read my mind.
We could have Adam Jones with his pan, a spade and trowel digging up gold which is then transferred to Tang in a sedan chair to bag with Tang throwing down pieces of his 2022 salary of £76,600 to those carrying him and then Andrew Haythorpe taking the bag to the assay office. If Jones knows where to look we could land up with enough from the sale of gold (almost 2,000 per ounce) to pay the board's wages, tent accommodation for board members at Queensland, AIM fees, assay fees with the rest sold for reserves. In the meantime the disconnect between the price of gold and ECR's market cap can continue with Haythorpe giving us an update in due course.
Setting aside Tang who I think virtually every LSEposter thinks is a waste of space and the lesser directors Davenport and Scott, there are two players Haythorpe and Jones who have been managing ECR since last April. Those two are the two who have been exploring for gold in Victoria and who have failed miserably to find gold in any commercial quantity. Haythorpe has been hand in glove with Jones in this exercise. Let's not forget Haythorpe came with flying colours from his former role at Crescent Gold.
I know not what agreement he reached with Tang when he was interviewed for the ECR job; we know that he really wanted to explore in Queensland, Did he agree to continue exploring at HR3, Blue Moon and Creswick etc as a condition of taking the job prior to moving on to Queensland? We don't know. What we do know is that Haythorpe and Jones failed in Victoria despite millions being spent on exploration.
So we are now exploring in Queensland but the interview yesterday gave little confidence of what may or not be possible or happen by way of exploration. It was probably the oworst interview conducted with Haythorpe and Jones since Haythorpe joined ECR.
What we did get was a long explanation by and from Haythorpe of why everything that may be wrong with ECR has nothing to do with him and his inability to find a commercial resource but is to do with current market sentiment and conditions. For G-d's sake, Haythorpe is a former mining analyst; it has been one of his roles in his career to know what can or cannot go wrong in a market and prepare and cater for those eventualities.
What I do know is that success and failure gets known, not just in the stock market but also within professional life. Reputations can take a long time to build but it takes minutes to destroy a reputation. I see little merit in Luca's suggestion of an EGM - such EGMs very rarely benefit private shareholders; in fact they can be disastrous.
What I do believe is that unless Haythorpe gets a grip of ECR he will go from the hero of Crescent Gold to a failure at ECR and in my view that failure will not escape the attention of the market.
A man had a glass eye. Every night he would put his glass eye in a glass of water before he went to bed. One evening he had too much to drink but managed despite being drunk to put his glass eye into a glass of water before he went to sleep. In the middle of the night being especially thirsty from the effects of the alcohol, he had a drink of water and swallowed his glass eye. When he woke the next morning, he realised what he had done and made an appointment to see the GP. At the surgery, he explained the situation to the doctor who asked him to take off his trousers and undergarments and bend over. The doctor got his surgical torch and looked in the man's anus for the glass eye. He could not find it and told the man that he could not see it. In response the man said "That's funny because I can see you".
I can see and read you Notrex. Just to remind you - you are a sanctimonious prat.