Member Info for DJP4976

Price action incredible, haven’t seen ERIS look this strong, well, ever! Constantly going NT to buy, and BID was rising all day, finishing the day with over 200k on the bid at 5.3p. Think we are very very close to seeing a break of 6p now, which in my opinion opens up 8-10p range to start with! Which is still only a £3.1m MC - personally looking for news around JV developments for Abbeytown to see a really big move here, think it’s going to take some by surprise over the next couple of months

What would it take for you to change opinions here? We’ve already seen they can get deals done with the joint venture with Centerra for gold exploration in Sweden and Finland, which doesn’t cost Erris a penny. If they can get a JV over the line for Abbeytown, that will be monumental news, and something that will cause a few 100% rise from a £1.6m MC with more than that cash! Let’s see how it plays out...

Erris Resources Ticker #ERIS
Market cap £1.6m

* Listed at 25p December 2017
* cash at end of May €2m (£1.8m)
* Tight control over cash expenditure
* Cash being same as market cap gives entry at this level a good risk reward considering assets and joint venture with billion dollar plus company come for free
* Companies flagship Abbeytown project in Ireland seeking joint venture partner, if this lands it’ll be the most material news since listing in my opinion.
* Galway project - located not to far from the famous Tynagh mine, this area is relative unexplored and so the company has started a soil sampling programme which is ongoing and will hope to eventually find a JV for this project also.
* Has a joint venture with billion dollar TSX listed Centerra Gold for gold projects in both Finland and Sweden - as per the joint venture Centerra fully funds the work programmes
* Eris also has other gold projects in Sweden that doesn’t come under the JV agreement with Centerra
* 42% of stock held by major holders and management with David Hall holding almost 22% leaving a FF of roughly 58%
* Looking at other assets that could compliment portfolio

I see Erris being a very good risk reward trade at this level considering cash covers market cap, meaning all projects and JV with Centerra thrown in for free, ultimately any positive or material developments in any of these projects should start a re-rating of the ERIS share price.

Yep totally agree, I think we will see 0.2p before final results later this month, and we should get more detail in those results around the recent developments.

Good day yesterday, huge volume considering the free float here is only 660m with 2 II investors holding the other 527m between them. New base has been set above .1p - I wouldn’t be at all surprised to see a quick pull back to fill the gap up from yesterday down to .1p, but I can’t see anyone getting .1p on the ask, I’m thinking maybe mid price, so .11p cheapest maybe..? If that happens I reckon a wave of new buyers will jump in and from a £1.3m MC I see this doubling to very short term after yesterday’s news

Almost 2% of the company bought in 1 trade!! The sellers just before hand have had their pants pulled down! Bid now up to .12

I commented on twitter earlier there were buy orders being filled and this proves it - 20m buy shown in red!! Let the sellers out it’s not going to get much cheaper 0.2p+ target

I’m well up on my average of .075, but don’t intend to sell any at all just yet. This is huge news today for such a tiny market cap company, I honestly see this being a slow burner over the next couple weeks to above 0.2p which would still only be £2.3m MC - make the most of this level as it’s going higher imo, currently above the 200ma on the chart for the first time in years

Agree I think this could now put in a pretty decent move higher considering the market cap, the premium raise which is locked in (not going to be flipped) and the future business model changing to involve IOT - great update

Larger sells seem to have dried up, yet nice buys still at this level. There isn’t much available under .1 now, I expect when 0.1 level breaks, we could put in a decent move on the breakout, 200ma currently at about 0.108 area, if that breaks I see a move to 0.15-0.2p, 0.2p still only valuing the business at £1.75m

Good day again, on plenty more radars now, still only £800k MC at this price, 50% from here will be £1.2m or 0.4, think that should be a very easy target to hit over the coming few weeks, a lot of money in much higher than here, including managements

Nice volume today, all the trades into close were buys shown in red, just before close the ask had moved up to .254, yet the MM’s dropped the bid to .232 trying to scare a few out! Decent day and just over 8% of the entire issued share capital traded! Let’s see what tomorrow brings!

Also, their cash has organically grown in the 6 months from December 2018 to June 2019 by £327k.

They had £263k cash in December 2018, they raised £300k in May 2019, and then had £890k in June 2019, so that’s a £327k increase, bodes extremely well for a company to grow cash that amount when market cap is £800k!!

SNT - Sabien Technology - MC at 0.09p - £800k

* Cash at June 2019 - £890k
* Small Placing in May at 0.1p
* Large TR1 holder who took more in the placing has also added open market recently (27th June)
* Company to show small profit before tax in next results due October for the first time since 2013
* In the latest contract win, the management reported they had signed a 2 year framework agreement, which hopefully means more orders on there way.
* There’s been contract news every 2 months since February so I’m thinking another contract will hopefully land in the not to distant future, considering it’s now 2 months since last contract.
* If the company can secure another contract similar in size to the one in April, I believe the market will have to start taking them seriously.
* Company is arguably in the best position they’ve been in for years, and share price at or close to all time lows.

High risk considering previous failures and share price slide but currently trading below cash levels and with regular contracts being won this year, I consider this a very decent risk reward play for a turn around, down to the management to keep the contracts coming, and I’m banking on they will, as why would a leading UK energy and services company sign a framework agreement if they don’t intend to use SNT for more business?

The smaller the company, the bigger the potential move can be...

Yep nice finish yesterday with a 5m but at full ask, that was the third 5m buy of the day!! Agree market cap to low, we are now only sitting at currently cash levels! Company in arguable the best position it’s been in for some years, happy to continue holding for higher

Nice couple of big buys in there along with a decent buy a few days ago? Maybe HIHL loading a few more under their 0.1p placing price

I had a few the other day, just a trade only, but at sub £700k market cap, with cash above that (£890k in June) and contracts landing every 2 months since February, I’m have a trade on the fact another contract lands relatively soon. Also results shouldn’t look terrible, should be the best set for a long time, and lastly TR1 holder recently increasing on open market up to 25%

Couple of decent buys today £20k on LSE and a £30k but showing on NEX

Holding the gains well and doesn’t look like anyone wants to sell here, consolidate just under 9.5p ready for the move through that resistance and onto 12 and 15p next, news could simply through the chart out the window with this one

Haven’t sold any, same as I didn’t sell on the last rise to 12p - not interested in tiny volume, I’m looking for a big volume day here after news and see where we are at - pretty crazy selling at almost cash levels