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Loch you have taken my post in the wrong way - I suggest you read it again. I know you as loch but some will not hence I put aka… chill my man :)
To be fair to loch we had our disagreements in the past re our own views about ECR. There are genuine people on this board and in my view loch and 135i are two that spring to mind. They like me invested and lost on the drop and are down. In lochs case he sold - not sure if he has bought back in or not. The fact of the matter is that there are lot here who are traders who ramp and de-ramp to their advantage. However fair play to them as that’s how they earn the green. I still believe in ECR and I think it is unfair to state that they have not delivered. They are working on it and the latest result is evidence of that. As with most things in life patience is key and things take time to build a business. Especially when it comes to a mining business. I understand your frustration loch and I do hope you buy back in (genuinely) so that you can make up your loss when this comes good. GLA
Calm down loch aka Melville :) lol
Proof of the pudding is in the eating… the chess pieces are in play. Now we just need a bit of luck with the next set of results or indeed the elusive JV which has been mentioned. Time will tell GLA!
Just to throw this out there… on their presentation they mention battery potential. My understanding is that phosphate can be used for batteries but if it had a higher metal content. So… again correct me if I am wrong but our phosphate has a very low metal content hence the current route to market for organic use. If our product could be used for batteries that would be a massive game changer would it not? Also with Togo and the manganese this also has battery potential. I have said this before but on my view we are way undervalued. This is a revenue generating business. So many on aim are not even close yet we are below them as to current share price. It doesn’t add up to me why we are not seeing a bigger shift. This should be really ramping up in my mind it just has too much going for it.
In my view this is way undervalued! How many companies at the lower end of AIM have a mine in production? Not many! You also have to consider the track record of the directors and what they did with Calidus Resources - before my time unfortunately. I learn’t my lesson with KOD had a decent holding in that at 0.7 and sold out before the rise. Then bought into this share and we ranked on the issues with FI but averaged down and look at where we are back to now. This will keep climbing as at this price it is an absolute steal. Once things start to ramp up nicely we are only going to be on an upward trajectory and won’t see these prices again! Just my opinion but mark my words we are on for one hell of a ride! GLA
M135i good to see that you have stayed the course… reckon this is going to fly now and about time! Onwards and upwards!
Mmmm that twitter post looks quite encouraging to me… perhaps the patience of the LTHs is about to be rewarded!
Good day today… about time! It seems that the large holders are accumulating for a reason! Looks like 2p could be on the cards in the very near future :)…
Well… is LTH’s have made our bed now we will have to sleep in it however long that takes. Still believe it will come good… so happy with my investment. Time will tell.
Yes and it is a hard to take but only a loss if you sell. I do truly believe this will turn around. As someone said don’t act emotionally. It’s part of the game that we all have to play. We picked this share for a reason and when you look at it objectively there is a lot more for than against. We just need to keep our nerve and see ot through. I suggest us LTH’s meet up in 10 years from now so remember the date of the creswick RNS (not one that will be easy to forget) :) GLA
I think it is clear that Adam really felt uncomfortable about the grades - I would have been the same. However they do have an explanation for this which makes a lot of sense. It is clear to me that the RC drilling will give us a more accurate interpretation as to what is in the ground. As they say they wanted to understand the geology and this is the reason for the current approach. Do I believe them? Yes. As I said in my previous post the damage to the share price would have been much more severe if they were released earlier and I do think this is why they were held back. Ironic really as we have already taken a massive hit. Situations like these remind me of “3 feet from gold” :)… me like many others are substantially down on our investment. But the simple fact of the matter is that the gold is there. The fact of the matter is that a result stated a low grade but when re-sampled it was 5x (can’t remember exactly) the amount as reported which adds weight to their argument. Does Adam know more about this than us? Yes. It is what he does for a living. Like someone else said why buy the properties? Why is Colin on a mission to increase his shareholding? But what we cannot get away from is what was said previously and the company to date has not met the expectations of the shareholders. So yes I think doing the RC drilling is the right move to give us the higher grades to restore confidence. There are a lot of ways that this can turn around the company has progressed a lot over the past 2 years and it will continue to progress. As trek says it is the plan that counts not the price although I see that he has sold up and is on the sidelines watching :). I think we will all now need to be patient and remember “3 feet from gold”… success is always about failing as you progress with your journey and not giving up until you breakthrough. Talking from experience on that one as I am sure many other people on this board have experienced in their own lives… GLA
I am a holder and have bought in and out over the past two years. For me the key point about this share is that we are generating revenue. FI has its issues as we are all aware but there is a real possibility of making that work. As to TOGO they just need approval and they are ready to go which has been a long time coming. A lot of shares are not even close to revenue generation yet they are valued much higher that is when considering Mcap. You add these facts into the mix and consider the board are sizeable holders I do think this will come good. If and when it does come good those of us who have held will benefit. As they say when the blood is on the floor :). As someone else said look at KOD!
From my perspective there are a lot of us locked into this share nursing a large loss. Of course only a loss if we sell! But when you think about it a lot of what has been said has not happened which is a major concern. However those results have not disappeared they are just not released. If they were crap then releasing them now wouldn’t do that much damage in my opinion as the damage has already been done to the share price. We will all just have to see how this pans out over the coming months and hope for the best! GLA
Yes mental max I agree. A man who has a great deal of respect - surely he would not want to be part of this if he didn’t think this was a winner.
I wouldn’t sell at 20p for me this is a long term hold as it has been since day one. You just need to look at the life cycle of mining companies… obviously it’s about getting to production and with ecr we have the potential for 3 mines if Craig is to believed. Thinking back to that interview he came across as genuine and excited about that. So… if we get to 3 mines generating revenue there could be some juicy dividends for all of us who were in at the start. The biggest issue I have at the moment is on the delayed results for me I am more inclined to thinking that they are holding these back for a genuine reason. It has been so long that we have been waiting. Nice to still loch aka Melville still keeping an eye on things :)
Buy back in melville1 (loch) it’s going to kick off :)
To be fair to loch (melville1) he is frustrated and rightly so! Losing thousands is not a good position to be in. He is not the only one! Difference is for a lot of us we have not sold. So he can speak his mind he has earn’t his right to say whatever he likes.
Totally understand your position loch. Shame to lose your comments on the board. The problem in this game is you cannot call it. It’s a gamble. Private investors do not have all the facts to hand the only people who do are those who are within the company. Colin knows what’s going on. He is not selling. That alone still gives me confidence. Would love to know who that guy is and his background. A fond farewell to loch and the others who have bailed. To those who are still in like 135i remember that in adversity in a lot of cases it is what makes a company. GLA
Sorry to see you go loch (melville1). I know we had our disagreements but hey ho shame to see a loyal supporter through the towel in. I am 4K down with this investment but a loss is only a loss if you sell. Made my bed so will have to sleep in it. Do I still believe in the company - yes. So I am staying put and will top up monthly in the hope the ship turns. It may be foolish but time will tell. Could we drop further - probably. Could the ship turn in the future - probably. Colin is in big time so I’m with Colin on this. Best of luck in your future investments loch (I genuinely mean that). GLA