We would love to hear your thoughts about our site and services, please take our survey here.
I'd suggest that discussion and good wholesome content is why majority of posters and readers flock to these boards.......
Change in how ECR perform is most welcome, bring the bulletin board down to nothing short of a pantomime however, is not
I personally think we are spread far too thin, however, if we are aggressively ddrilling proper targets and not looking for extensions then I'll accept the second drill
Just a bit frustrated we have wasted so much time and money on wasted projects
Thank god you're not incharge of the finances then Paul. We need to start being tighter than two coats of paint and getting value for money.
The 2nd Drill is a non issue when we don't have a 2nd crew to run it yet
The question of what Tang was bringing to the table for his salary......that's what was being asked certainly on ADFVN
Certainly by me and a fella "Liquid Gold" back in the day......just because "we" doesn't necessarily include "you" doesn't make the fact change
Look let's be realistic here.....Tang may or may not be doing work for ECR in the background. He may or may not be using his connections to better ECR.....that's all speculative as we don't get told what he or davenport bring to the table - if anything.
What we do know, based on last year's accounts, not only did he ad CB give themselves a nice fat salary increase but Tamg had the cheek to fire a "consultation fee" up our chocolate starfish aswell.
So forgive us for not being over the moon about his position, regardless of the SP......people were asking questions long before the JV "lies" for want of a better term, transpired
Daramuda just in the interest of information - AH has only brought Hurricane.
Lolworth was a CB acquisition.
Legal I have no dispute that Blue Moon can do well, but in order to get this moving we need to start drilling throats to show what these narrow veins mean in real terms
Keep cutting across them there will be no share price to rise into....consolidation 2.0
TS that's all we can hope for or else the dilution train will be in full swing. You know it and so do many others.
What I will say is, the rest of Bailieston is dog turd intersects, we can't sell what no one wants to buy......at least itagon has a resource
No one then......
Yeah certainly back to the starting line for ECR and the "oh in two years" club will be here in 2 years saying the same as they have been the last 8
The point being ECR could have all the potential in the world but they need to start hitting the sweet spot or it's dilution central.....spread far to thin and limited cash to pay for it.
I've put my nuts on the line here time and time again and I'm calling Philippines a loss. At best we will get the £400K needed to cover the Hurricane deal......feel free to screenshot it
Well lets look at this with a degree of pragmatism:
1. No joint venture means we hemorrhage capital on drilling with no income.
2. Blue Moon geology whilst great, will be at least 12 months away from JORC IF it is worthwhile after the follow up, which I think it will.
3. Philippines will be sold at a significant loss, imo, to pay for Hurricane. Which will in effect cost us £1.2M - see Philippines.
4. A new drill crew will cost money.
I know people will pipe up about "£1.4M in the bank.....I say your math is wrong and we won't have a million.
Now, we can only hope that we get about 1.7p (which is a realistic profit for warrant holders) to fund the coffers.....then the negative is more dilution and less likelihood of breaking 2p
I've been in ECR for a very long time, and this is the most worried I have every been about my investment. My only real hope is that AH is trying to get the placees a return on their warrants.
By all means I welcome anyone to put their nuts on the line and say I'm wrong - but I do have a caviate.....put some facts and figures there to at least grab my attention
I'm still very much here. When the lunatics are escorted back into the asylum there might be a purpose to post again lol
Far too many sensible posts have been lost in the utter shambles this board has become in recent weeks....
The results from Creswick are a balancing act.....still don't show commercial hits. If the joint venture is off the table our only immediate hope of pushing 2p is Blue Moon.
Truth be told I'm desperate for 1.7p to get out......I can't see how we will get there anytime soon
Andersj
As far as them lying about busy November, it was supposed to be but didn't. There is a very big step between stretching the truth out a news flow and my opinions regards to a close period.
Do I continue to believe ECR board are in negotiations for something?......yes 100%.
Do I think it is what we are expecting it to be?.....my backside will get more "skelves" from sitting here.
Philippines was not discussed at the "placing" events......AH told us directly to take a hint from that.
Now, as far as I can hope, Philippines is sold for the circa 400K needed for Hurricane....I think that is the plan
if it transpires to be true, the reality is, the stock exchange will not allow board member to by or "short"
Dan the placing was at a 25% discount - dunno why you think it wasn't when Mr Scott confirmed placing was sought at the 2 meetings average SP of 1.175p
So the reason the price dropped is because they lied about busy November to keep punters on the hook while the placees (at least for the internally sourced 33M) forward sold.
Come on big man, you have done the same previously and I would aswell. Fvck the shareholders at the end of the day - we aren't stake holders.....they don't care if we get humped.
If they did they would have drilled the "ore body first" so the placing would of been less impactful on us the minnows
The good news is, at this price there is next to nothing priced in......that surely should suggest if something was to hit, the rise could be significant?
I mean at the end of the day, every investment is a write off as soon as you click the buy button, until proven otherwise