focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
That is a very large holding you have here. Yes received my allotment letter yesterday confirming a 1 for 5 rights issue at 345p. Latest time and date for acceptance, payment in full and registration of renunciation of PALs (provisional allotment letter) is 11am Monday 27th March. There are five options. 1-take up all your rights. 2-take up some of your rights. 3-attempt to sell all your rights. 4-attempt to sell some of your right. 5-do nothing. Sorry not familiar with how this works within a SIPP
Replace the asterisk's marked below with these letters and without the spaces.... v o x m a r k e t s. Failing that, this is the commentary associated with the chart......... ECR has made a bullish reversal from an inverted head and shoulders pattern and is in correction to retest support. the overbought RSI divergence warns we have further to drop. 1.35 and 1.55 are good levels to buy back, a retest of the 200dma and the neckline.
view on where we might be heading next..... https://www.**********.co.uk/squawk_content/58c7c315db5fe.png
for you Bottmzup!! lol. Well perhaps more of write up come blog by Justin Waite of Vox Markets, who also happens to be invested here. Nothing that we don't already know but here it is in full........... ECR has 3 Assets: It’s wholly owned Australian subsidiary Mercator Gold Australia (MGA) has agreed to acquire 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia. ECR has the right to earn a 50% interest in the Danglay epithermal gold project in the Philippines. ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja Province, Argentina. The Story On 1st September Craig Brown was appointed as CEO of ECR in attempt to turnaround, what has been, a serial dissappointer for investors, under it’s previous stewardship. Craig has previous form of taking exploration companies through to production and seems intent on doing the same with ECR. Since his appointment, Craig has brought Christian Dennis on board as a non-executive director. Christian is a highly experienced stockbroker and is currently the CEO and a major shareholder of Optiva Securities Ltd. Craig has also appointed Ivor Jones, as an executive director of the Company who is a geologist with 30 years’ experience in the industry and is currently practising as an independent consultant based in Australia. On 27th February ECR announced that it conditionally raised gross proceeds of £553,564 via subscription by the Shenyang Xinliaoan Machinery Co Ltd, based in the People’s Republic of China, for 55,356,391 new ordinary shares at a price of 1p. This is 29.9% of ECR and it’s subject to 12-month lock-up. ECR have already received a £100,000 non-refundable deposit from Shenyang Xinliaoan Machinery Co, to be converted into ordinary shares at a price of 2p per share, in the event the conditions of the Subscription are not satisfied by 31 March 2017. The proceeds to be used for drilling programmes in Australia and Argentina and working capital including review of potential new projects and business areas. The Risk ECR is a small company and are about to undertake a drilling programme at it’s assets in Australia and Argentina. If the results aren’t positive, then this will obviously have a negative impact on it’s share price. Even though it’s not a priority for them, they are currently in dispute with the majority owners their Phillipines asset, Tiger International, who presently refuse to acknowledge ECR’s 25% interest in the Danglay project. The Reward ECR have the cash to carry out their drilling program, on their priority targets in Australia and Agentina. If the results show decent grades, then ECR market cap could surpass £10m relatively effortlessly. Summary When I interviewed Craig, he came a across as a down to earth, no nonesense, man who has both the experience and capability of taking this project forward. He’s alread
No 4p tip here, The 4p was only mentioned as a possible target by Zak Mir provided we stayed above the 200 dma. It was actually a tip on another stock which eventually brought me here. ECR had been on my watch list for sometime. I took up the tip I received on FOG and after a dramatic rise earlier this year, top sliced for a free carry and put some of the proceeds into here. So I am happy to receive tips
moorhey, good to see someone else on this board. Segro have had a good run under David Sleath. I use to work at Segro and left just after Sleath joined so never met him, but I still do have contact with a couple of the development managers who still work there. Yes definitely an ambition of DS to get into the FTSE100. Agreed they were still a little short before the placement, the lowest ranking I saw was 100 and to gain automatic promotion the SP a couple of weeks ago needed to be in the order of 450p. Extra funding for further developments will no doubt push them ever closer.
radvalve, excellent hope the weather is doing the decent thing! I guess it depends how long you are in New Zealand. I am certainly going to apply for my entitlement.
ECR were in attendance last night at the latest Momentus event for private investors. Look out for any interview etc. http://www.momentousevents.uk/eventsuk.html
A couple of Typo's so this is my second attempt........... Transfer of mining licences in Australia is due, which would allow ECR to commence drilling. News about a new mining project could also land at anytime. Since Craig became CEO last September he has evaluated 30 possible projects and with due diligence has narrowered that done to just two.
Transfer of licences in Australia to allow ECR to commence drilling could is due. News on any new project could also land any time. Since Craig became CEO last September he has evaluated 30 possible projects and with due diligence has narrowered that done to just two.
Fully underwritten at 1 for 5 @ 345 pence representing a discount of approximately 28.9% to yesterdays closing share price. Radvalve what do you think, are you likely to apply? Sounds a good price to me but how much will the SP now fall to?? http://www.dailymail.co.uk/wires/reuters/article-4300248/Segro-buys-remaining-stake-Airport-Property-Partnership-JV-365-mln-pounds.html
Hi radvalve, meant to have replied sooner and todays news has prompted me. Results were good and nice to see the final divi being increased by 5.7 pc to 11.2p per share. I still hold my free carry of 2500 shares and did have a £5 target to sell. A friend of mine who also owns this stock was also very tempted to sell at the this level, avergage broker targets are about £5 and one new paper report I read, had fair value rating. Are you still in here for the long term? http://www.telegraph.co.uk/business/2017/02/17/internet-shopping-revolution-powers-demand-segros-warehouses/
Scratch_Golfer - I assume you mean Doc Layman, also known as Doc Holiday on twitter. Interesting that they are both invested here. Zak Mir may also be invested here as he appears to be keen on the stock. Zak was sacked by TW from share prophets. And reading TW blog, he is also ****ging off twitter ramper Big Gib who also happens to be invested here. Should they all turn up at the next AGM, it would make for an entertaining evening!
Chart guru zak mir has increased target sp to 4p providing we stay above the 1.4p level. https://twitter.com/ZaksTradersCafe?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Yes from Share Prophets website. You can join for free and I use to be a member some time ago. But you need to pay £5 for each tip. Tom Winnifrith has had some very mixed results with his tips. There was a clue on the advfn board with a poster stating that TW had bought into here on the 28th Feb. Anyway having more investors on board is a good thing. https://twitter.com/TomWinnifrith?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
In London later this month. Free registration. Surely worth a visit if you close by. https://www.eventbrite.co.uk/e/miningmaven-investor-evening-with-greatland-gold-ecr-minerals-more-companies-to-follow-registration-32405590995?aff=estw&utm_source=tw&utm_medium=discovery&utm_content=attendeeshare&utm_campaign=social&utm_term=listing
Good spot. Shenyang Is a huge Chinese company, Craig did well to pull this one off. Some great translation on the website. "Shenyang Xin Liaoan Machinery Co., Ltd. is willing to work with new and old customers and friends from all walks of life and common development, sincere cooperation, create brilliant" Sustaianble development, Pragmatic Innovation, Win-win achievement dream"