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It always has been a when share in my view ever since the start of the original rise GLA
Great day today with a solid interview outlining the potential. Got to say I do think giving the geo the interview was smart as he is the expert. Quite clear they are excited about the potential.
Loch seems to have gone silent today :) probably hoping we don’t refer back to the previous posts.
Loch I respect your views on this and you are right about the placing. But we were undervalued and are even more undervalued now. To be fair I think we have solid support at this level and have done for some time. We know what’s coming and that is going to be a constant stream of results. They are drilling the locations and building up the data to understand the whole picture and not just part of it. That in my view is the smart thing to do. Indeed what else are they to spend the money on apart from drilling as they are? We are not far now from getting some momentum. All it could take is a good set of results which is enough to give them enough leverage for a JV. The way CB steers it is that there could be two on the go and if there is this would be transformational for us. You are still here as are many of the other long term holders.
Loch - with all due respect I have to disagree with you. You claim BS - RNS updates are not BS. They said they were going to drill aggressively and they are drilling aggressively at two separate locations. They said there are interested JV partners are you saying there are none? The fact of the matter is the drilling is being done to prove up the resources which will help to land a JV and a better deal for investors. So what if the price has dropped some form of correction is necessary shares don’t just rise upwards only. There is a lot of good with ECR and as someone has pointed out CB has delivered mines in his previous companies. He stated news flow will increase and it has and more is to follow… the truth machine is turning watch this space.
LeFlic no they were not aimed at Gino. We all want the same result and that is to make money. What I stated was fact… look at the positives. Time is what this needs and that will allow the ship to turn. It takes years to build a business. One book I have read is good to great and companies who see significant growth focus in one area. Ecr in my view is focussed and they are assigning the money in the right way. gLa
I have better things to do than argue with you :)
I don’t use social media personally and am not into gratification… I just stated my view point. My post was not intended to be aggressive in any way.
I find it quite interesting as to how certain people on this board are quite quick to talk down the latest RNS as well as CB in general. The simple fact of the matter is that the SP is not where you want it to be, if it was you wouldn’t be moaning. Someone made a very good point about the share price charts for other miners at present. Ecr has solid support at this level and will continue to do so. People myself included have invested in the company not just for CB but the entire picture. The ship will turn and at that point everyone will be singing their praises. I am not an expert in geology but the RNS cannot provide false information and the geology is the reason they are happy. The results will come. Mark my words. We all just need to be patient. Just look at how aggressive they are drilling, the more holes the luckier we will get. I am all in and will stay all in… bring it on!
fair point, cashking!
The only thing I didn’t like about that interview is when CB emphasised the difference between a in-house drill team and outsourced. I would not be surprised if the creswick results are not as good compared to the holes we are drilling. Correct me if I am wrong but the main JV opportunity that we have is with Creswick. With that said surely he would have learnt from his mistakes and he did ramp that interview in a big way so if the news was bad no one in their right mind would do that unless they were told to…. Either way we are going to find out!
Totally agree haddock
Well 2 mines are better than one, that’s for sure! I think expectations need to be set as we get the JV we will then need to go through the entire process and it will take time to get up and running. However it was interesting that there could be gold close to the surface and that is something that could be mined straight away. Considering past interviews he did look very pleased with himself. For me the geologist carry’s more weight and I think he was genuine in his responses. I do think we are at the bottom now of the current share price. Regular news will keep the interest and this is what we have all been waiting for. Should have sold at 4p and reinvested however so hard to call but it has always been a long term hold for me as with others on this bored. Just slightly gutted as sold out on other shares to go all in and some of them have x5 from my entry price. As we have seen however the ship can turn and the fundamentals of the business have not changed. The next few months are going to be very interesting for the true ECR holders….
Mark my words... Cherry Tree will be transformational for ECR gut feel is that is where we will find the bumper grades. Don’t ask me how I know but I just do. If I am wrong I will eat my IPhone (I don’t wear a hat).
I have given this some thought as of late. I for one just have this share now and that’s it. There is just something about it. I get people are frustrated with current performance as I am considering where we were. But one thing that is for sure is that this can change as soon as tomorrow ie no one has a crystal ball. Looking back at the shares I sold to place into this a lot of them are up and doing well. But again that can change as it does with all shares. For me the gold is at cherry tree that’s my hunch :). Reviewing the accounts at companies house the company does have earning potential with the licenses they have sold. Also the ongoing legal issue with the Philippines and the 25 percent holding in tiger so all these elements are still areas that could be revenue generating.
https://find-and-update.company-information.service.gov.uk/company/05079979/filing-history
The simple fact of the matter is that they have concentrated on one area and that is Australia to place all their resources. That’s a smart move and makes a lot of sense. Once we hit the grades and get the news we all want things will then progress to the JV side of things which will then lead to getting this to where it needs to be.
As someone said earlier the real money is in the LTH as that is where the real reward is.
Time will tell :)
Held strong throughout and not sold a bean and added another 45k today. Just wish I sold on the drop so I could have benefited at this price! It’s an interesting point about was this drop engineered in a sense...
Totally agree frumpy makes a lot of sense!
Ok well my take on the interview wasn’t negative. The fact of the matter is he is right in what he is saying. You need to drill and model where the gold is. They have had a strike so that’s a positive. I do believe that they will release more positive results. Having another drill team at creswick will be positive or negative... as to the JV as it could reveal worse results. We have a starting point, we have money in the bank. It will be enough to take us through to a recovery mark my words. Sit and hold or average down is the decision to make for LTHs and it is a hard one!
The positive? At least we know where not to drill! I reckon we won’t drop much more than this now. His next interview will contain some positive news and intentions as to where we are headed. Put it this way with that latest placing if they thought this was a dead duck they would have stayed clear. Fortune favours the brave - enough said :)...
That is the question : )
I like many others are now locked in to the share and cannot afford to sell. Put in what I can afford to lose with 200k shares not close to trek and others on here as to volume. As to how I see it, it does seem odd that they didn’t push out more news flow with the drilling to keep interest. They do the first hole and then why not tweet the others once completed etc. The placing dilutes our holding and also the warrants can be exercised at 3.75 hence if we do get close and hit this the price will drop again - correct me if I am wrong. A lot has not changed but there is doubt myself included. I won’t be adding as this could go sub 2p and we could be hanging around for a while. The original jump was related to the news of the potential JV a lot hinges on this. If for any reason this does not materialise I expect a further drop. Do I still believe in the company? Yes and my original view has not changed. I still believe that it will come good but I am not as confident as before. Suppose this is part of the game. As others have said we all have those experiences of holding shares and then selling and see that share rise. Oh I wish I held and I have several that I did sell to put into this and go all in. Fast forward 10 years and we could all be looking back on this and enjoying the reward of holding until production - time will tell. GLA