Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks Trek :)…
I have to say that this week has been one of those weeks that I will not forget as an investor. I am new to this game but went all in on ecr and have stayed all in. I do question my decision sometimes as I bought FTSE 100 during the crash which would have doubled in the main and provide dividend income. There is just something about this share and that something is what CB sold me. We don’t know what the future holds in this game and this week has been a reminder of that. Things can change quickly and do change quickly as we have all seen. Am I confident in this investment, yes I still am but I for one did not expect us to be where we are. It gives me confidence that there are like minded individuals on this board who also believe in the share. It gives me confidence that CB’s own family is in this share. It gives me confidence that Colin has further extended his holding ( I tried to find some info about his background but nothing seemed to come up - would be interested to know more about him). If anyone can enlighten me? Trek you pretty much know everything :). So the direction we go from here is unclear for me. Loch and I have in the past have had our differences of opinion but his most recent posts I have fully agreed with. Whoever replaces CB is going to have a big undertaking and some big shoes to fill. What doesn’t give me confidence is the lack of results from the drilling and the delay as to me it does seem like they are being held back. But there is no way the moves that the company have made in recent months would be justified unless they knew this was going to be happening. Finally my standout moment for me with CB? We are going to build a mine… CB no “we are going to build 3 mines”. To the ECR board of directors MAKE IT HAPPEN! Now let’s pick ourselves up and KICK SOME ASS!!! You have a loyal following behind you myself included and I look forward seeing CB’s vision come true :) however long it may take. RIP CB
Done 15051
Yes I am in - any number with 51 . Let’s all do our bit to honour him - we all believe in what he was creating otherwise we wouldn’t be here. Let’s do it boys and girls also a good entry point considering the drop of yesterday.
In my view what the share price is now is irrelevant. It’s the potential and what we are building up to that matters. The share is being traded by those who know how to play the game. I am not prepared to trade it at the resistant points as one I don’t have the inclination to and am happy to hold. It’s a punt to me but a punt based on what I consider to be a safe bet. You cannot discount the facts and the moves the company is making and they are building this. The only concern I have relates to the cash burn in my view cash is king and I would not want to see further dilution. I am convinced that when the good news comes a lot of ex investors will jump back in and stay in. We will probably see similar again with a rise and then another sell off until the news is too good to ignore. It will come good the only variable is how long until it does.
I have to agree with the comments about the results we have been pending this for ages. I drew the conclusion that weekly RNS would be due to the results and the volume we are drilling. To me it is odd that this has not happened. But things do make sense with the property purchases he said three mines in an interview and we have three property prices we also have three drills in action. In my mind those drills will be placed on the properties to see what we have. Time will tell but the wheels have not stopped turning and we are likely to see a great number of results in one RNS the good and the bad.
Just putting this out there 3 drills 3 property purchases odds are these drills are going to be drilling our properties for what is to come… just a thought.
Totally agree with Bott. ECR is a totally different beast now and has transformed throughout the year. Loch goes on about the share price again and again but the reality is there is so much more here than when we were valued at 4p. They are building the company and that’s what we all want to happen. The lack of results does puzzle me however in that they do appear to be holding them back. One of the videos a while back stated weekly RNS and in my view i was expecting this to relate to the drill results not the property purchases or new drill. Time will tell on that front but if we can generate our own cash via one of the properties mining the gold on site that to me is a win win we need to generate cash and this could be the way to do it. Who knows what the future holds but I am in and staying not traded a bean. Which in itself is part of the reason we are at the current price ie people selling out and then buying rinse repeat. GLA
Loch - in my view the share price is not the true story if it were we would be a lot higher than it is now - seriously undervalued in my opinion. The pieces on the chess board are coming into play. Yes we have been delayed on the results but there is clear confidence by the BOD with the recent property purchases. I reckon they are confident that they are going to get two mines on the go and they are playing this to make it more and more attractive to potential partners. As I have said before things can change very quickly and move at a fast pace. It wasn’t so long ago everyone was on the CB bandwagon saying great moves bla bla bla. What we have here are traders selling and buying the dips until the money comes in and tben they won’t get back in at the same price. It just takes piece of news and we will progress. So in my view the true story is with the BOD as they are the ones who have the full knowledge as to what is coming. Once we get check mate then we will see this get to be where we all want it to be. It is simply a question of time. GLA
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Just to add to this… Could it be possible that where that nugget was found they discover gold near the surface. Hence the reason for going back. If they do there is a real potential that ECR could extract the gold themselves as due to depth it is a lot easier to get permission for. With all of this the thing that could make the company could be unexpected - just a thought
Well a good week and about time. Not surprised though it was clear the ship would turn just too much going for it. As mentioned in one of my previous posts some time ago where the movement comes everyone will change their tune about CB. To be fair though it has been a long enough wait compared to where we were in Jan but let’s hope we can get back up there and us LTH’s can get back into profit. By the way good find lucky re property description.
well said AG
Yes wolf and I agree with what u have said. But I would also say that none of us are in the know as to what is really happening in the company JV or otherwise. The director cannot state BS as some have stated as that would be untruthful so there are real JV partners it is just a question of when. I also think that some have stated about why spread the holes and not focus on where the gold is. The thinking behind this in my view is that they are proving up the resource as to its extent. People need to be patient and not act emotionally. That geo came across well in the last interview and if there was no hope he would have not come across as well as he did. I am down as are a lot of us but I am not worried one bit. The news flow will come and we will then be singing their praises eg CB played it well bla bla bla. Now is the time to buy if u have spare capital in my honest opinion GLA
The other point I would raise is that when we get the positive news flow and we will others who sold will buy back in :) £££££
I am sorry but I have to disagree with loch. It’s the same old negative thinking - why? Rome wasn’t built in a day :). They are drilling the hell out of the licenses news flow will come and it could be as soon as tomorrow. What has changed? Absolutely nothing apart from movement in the share price it will easily change the other way. Just be patient and this will come good mark my words :).
On now gold rush Dave Turin’s lost mine
Sorry Not haddock in reply to wolf :)
Hi Haddock. If they exit they will re enter, there is so much potential with this share. Drilling aggressively just gets us the deal we are after. With the added bonuses eg where they found that nugget during the soil sampling. If there is gold at that point and not a depth I think that is something that we can exploit. It’s been a ride so far but it is just beginning no doubt millionaires will be made eg trek and Bitcoin but I suspect they have played this game for a long time and done well out of it :).
Good day today for us long term holders. In my view there was a big sell off when this dropped from 4p but those investors who sold are still watching and are likely to buy back in. Second drill rig will speed up our rate of progress no doubt. Wouldn’t be surprised to see this back up to 4p on some good drill results. I didn’t average down as was nursing a loss so credit to trek and those others who took the opportunity to top up :). Only 250k shares for me but if this 50 times I will be happy with that from current price :). Pretty sure this is going to happen based on the fundamentals…