Member Info for dvharrison

I know MrT, I read that over the weekend. Made me chuckle. He will reappear on other bb's with a new user name but the same misleading cr*p.....

Haha, everyone has an agenda and tells the truth to a greater or lesser extent. You take comments on the bb with a large pinch of salt!
Managed a few additional shares sub 0.14p, a price I didn't think we'd see again.....

https://www.youtube.com/watch?v=uKt-KR1TsRg

Surprised to see this company still trading.....

You're right, Tenerife (Costa Adeje). Booked a while back before the latest travel/testing restrictions. Just booked my Day 2 test for £138 for the both of us. Robbery!

Very uplifting!
I'm off for a couple of weeks pre Xmas sunshine so things are already 'getting better'....

Nice holding! AIM is even more of a jungle nowadays. Everyone's a trader lol
The financial figures for Redmoor & LCCM look exceptional and IF the BoD can monetise these assets we're all going to be very wealthy!

Morning Blacksheep, you are of course correct, although I suspect that too might turn out to be a tad optimistic given the BoD's track record!
You still adding to bring down the average?
Hope to see you at next year's AGM...

3 decent (RNS) updates and a big holder adding 10m shares demonstrates, to me, that ECR remains on track to deliver CB's vision for the company. Hopefully we will see a continuing recovery in the share price...

Fira, are you suggesting that the financial information published on Redmoor and LCCM on 17 November & 25 June this year do not bear close inspection?

That is what I was saying earlier, we get the PEPR and we have a saleable asset for someone with deeper pockets that SML. The potential returns look pretty impressive!

Fira, I have consistently said that I do not believe that a global bank will lend the sml funds that exceed the market cap of the company. I have also consistently said that the BoD is inept, wasteful and guilty of many missed deadlines and that JP was greedy taking THAT unearned bonus last year.
I have now bought back all the 5m shares I sold at 0.47/0.48p at rates under 0.35p in the belief (mistaken or otherwise lol) that the potential upside is greater than any downside, given cobre is generating sufficient profits to cover company overheads and we have some potential catalysts for a re rate of the share price in the short term. PEPR before Xmas is what JP 'promised' so let us see where we are in 3 weeks time.....

You never know but JP might surprise us.....

17 Nov RNS: 'The Company is currently in discussions with parties about asset level funding of future exploration and this is the preferred approach. Interest in the Project has been increasing recently as metal prices for tin, copper and tungsten remain strong.'

Yep, 61m is speaking loud and clear.....

Prop, you expect another missed deadline?

RNS 8 Oct: 'Information requirements are being progressed and expected to be submitted to DEM by the end of the year with operations, subject to funding, now expected to commence during Q1 2022'

I see Colin has added another 10m shares, now holding 61,515,151!

Are we undervalued?
Cobre income is around $3m pa (cost of sales around 80%) and the current rate of consumption the magnetite stockpile would last for around 14 years
Redmoor may provoke further (external) interest given its location in an area currently generating lots of interest. We paid NAE A$3m for a 50% share so maybe a current value of £3.3m? (A$3x2/1.8 exchange rate)
LCCM currently has zero value atm imo BUT if the PEPR is awarded then the asset becomes much more attractive to someone with deeper pockets than us if we cannot secure the $10m needed to bring Leigh Creek into production? (I don't believe that a global bank will lend us a sum of money that exceeds our current mcap!). The figures look pretty compelling (NPV@8% generates $44.47m over a mine life of 10 years with copper at $4lb)
Any thoughts?

we haven't seen much of smiller recently. Noticed ufo is down 42% over the past month so probably licking his wounds over there. Shame.....

Mcap £5m leaves plenty of scope for the SP to increase even with a modicum of positive news...

I noticed a pre opening 23% up but we're level and no trades!