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Lol what rules are they breaking? They are presenting a presentation and places buy into ir or they don't.
Do you honestly think the bag results from lolworth weren't known before the placing?
Do you think that results get released straight from the lab, or do they get worked by the competent person prior to release? The lolworth results have been known for some time, it would be almost unheard of for them to pass competent person evaluation in such a short period of time.
The question still remains, why raise if good news is imminent, that's a logical question? If the answer was the have zero dollars, then issues the internally sourced placing for 33M......not the full 66M.
I'm angry because we have been spun more BS from the board.
Was the placing necessary? - 100%
Will it fund future works? - I'd like to think so
Have the company stretched the truth to allow placees to make a turn from the peak price action recently - answers on a postcard but I'd bet good money that Colin and Phil had been approach about the placing and took advantage of it.
That is fundamentally why I'm angry, same as before. If the company needed funds why not issue an open offer? No need to issue warrants.
Does that take away from the potential, certainly not. We are allowed to be in a foul mood about how this has been done (again I might add)
So the rebuttal to that is 2 fold:
if people are approaching us for the placing...as per Andrew Scott's comments....why give warrants 1:1 and even 1.5p?
2nd part, if there is so much good news due, the company has willing raised at a lower price than possible after release.
Why does it have to be a conspiracy? why can't it be investors being switched on to what they are being told and questioning it when it doesn't make sense.
Notice how Andrew never replied to that?
Tamer:
From 8th December:
"It's plain to see that a placing is being lined up (possibly as a contingency if future asset sales are dealt a blow) the question of if its before or after results is one I can't make up my own mind on. It defies logic to suggest it would be before results, assuming they are good. If they are bad however, the company won't see a decent return"
Then in response to your question on the 9th:
"If funds aren't secured from asset sales within 8 weeks"
How can I give possibly give a price?
What I can do is calculate burn rate and how much cash we had at disposal so with no asset sales and no money coming in a placing was inevitable. You seem to be the only one defying the fact.
I said it was coming and it did, you said it wasn't and tried to belittle anyone that differed from you....
As for bigging myself up, I don't have to, plenty others gave credit for it
Negative sentiment TS, give over. If overly optimistic (rampers as I call them) are investors, then equally people being realistic about the lack of forward progression in the share price are investors too.
Far to many people happy to accept the rubbish given to us by the board and I for one am happy to voice it to them on here (as they read this board) and directly on twitter.
No one needs any authority to post from anyone here and if you don't like it, you should filter the ones you don't want to here from. Again, since you tell people what they should do with their investments.
Swings and round abouts sir, but this is feeling like groundhog day. I have hope that it'll reach my exit price, but the results have to start producing as it doesn't look too good having a placing before all this "good news".......as discussed last week
Dan, it's not really a big deal if you trade or don't.....but having access to these tools go hand in hand.
If that's all your looking for and paying a premium for it, I'm surprised, given the fact on TV it provides a live big and ask on the chart views
As I said, "majority, if not all"
"TamerInvestor
Posted in: ECR
Posts: 1,522
Price: 0.875
No Opinion
RE: expect news between Xmas and 2 nd week of January09 Dec 2022 10:04
..........not according to Gino, Manlse , there will be a placing next week!"
12th comes 100M share placing and 100M warrants haha and I'm the idiot?
As for being invested and being wilted cabbage or whatever BCB....far to many on this board are claiming to be big time investors, claiming all sorts of "knowledge" yet they didn't see the placing coming.
Think I'm one of the few, if not, sole person that has proven their position on this board....countless times.
I don't think many others would have the nuts too, for fear the lose their status as "big players"
I'd suggest most, if not all of the "premium" members are traders. The main reason they hold that is to get access to Level 2 books so they can see when Market makers join up on the bid or the ask. So they can use that as a trigger when to buy or sell when a price action is running out of steam.
Unless I see their holdings, I'd not believe half what they proclaim
Get this pumping boys and girls.....
Knigel. As far as I can remember it's free to post on here, you post for You, others will post for others. I'm not lecturing you in what you do, yet ironically, you offer everyone financial advice telling them to sell up and move on.
Another little know wonder about these forums is the option to "filter" those you don't want to here from, it's good info to have....you might find the peace it brings you more peace.
Tamer your another one.....full of bluster and waffle. You post multiple times one after the other to get your post count up. No doubt to try and carry some weight behind the said bluster and waffle you spout. So let's no start licking everyone's tip, our pants fit fine.
I've been here for about the 8 or 9 year mark and the companies valuation has done nothing......we would get more from an ISA. Look at the prices for last 10 years......that's not "negative posters" on a bulletin board.
ECR have the potential to make the share price move. I don't think we have the projects to make a 500% move, it appears to have been failure after failure. At £10M MCap its very generous from the results that have been posted.
I remember when Itagon was the company maker, then it was SLM. Duds. Creswick, Black Cat, Cheery Tree......not blowing the doors off. Blue Moon (was defo the one for me, still might be) but initial results ain't great. The next big thing is Queensland and Hurricane.....until proven otherwise, its keeping guys in a job at our expense.
The point being, they aren't proving otherwise!
Will it spike, for sure, its now a trading share....money to be made
Nah get it right up you BCB...after ur non-sense last few posts directed at me.
Too much bluster on this subject....firmly in the all talk, know nothing category imo.
Most of the wafflers on here post a good game, but seem to struggle with simple maths.
We raise money because we can't sell anything of value, simple as that.
Need to find gold very soon, but i fear thos is now a lifestyle company, Sell limit placed at 1.7p.......fingers crossed it gets there.....can't see how it will but I live in hope.
I just want as much of my investment back as possible as I can't see ECR reaching 2.2p again nevermind any time soon. Especially with the warrants......this is literally rinse and repeat.
For the next 8 months, but I'd like to say a big FCUK YOU to the ones who started their cr@p on me and others
That being said we need much better than the results just released from Lolworth
That's why the placed now instead of later......bit of a dead duck so far
Well first we have to get there.......until news and results start filtering through I'd suggest 3.75p warrants would have to be at least 4.5/5p to get actioned.
They run out in April......let's hope they sell some assets, or this raise could be a big one
All I can see that are not included in the block listing are these from the April 21 2.2p placing:
"45,454,545 Warrants will be issued by the Company. Each Warrant permits the holder to subscribe for one new ordinary share in ECR Minerals plc at a price of 3.75p for a period of 24 months from the date of Admission. If all the Warrants were to be exercised, this would generate proceeds of approximately £1.7 million for the Company, although there can be no guarantee that this would occur."
So we are looking at potential £1.7M at over 3.75p
If I'm wrong, show me
With regards to warrants this is what is outstanding from the block listing rns:
"Less: Number of securities expired unexercised during the period:
94,000 ordinary shares in respect of the 20 April 2020 Subscription Warrant Scheme32,190,748 ordinary shares in respect of the July 2020 warrants exercisable at 2.1 pence per share
Equals: Balance under scheme(s) not yet issued/allotted at end of period:
11,200,000 ordinary shares in respect of the July 2018 options exercisable at 1.125 pence per share"
Please can you advise which other warrants at 1.125p were not included?
I never implied anything yesterday though.....maybe other did but anyone hear can read back my posts?
In summer, i said at end of year, the need for a placing will heat up because of the burn rate. I was ridiculed saying asset sales will stop it.....and we have no further asset sales.
I said that a presentation will be out prior to a placing, as is the AIM norm....on 2nd of December. Then as if by magic a presentation is realised the next week.
I said that I wasn't sure which way it would fall, if results are good, they will release after news as it will have less impact on shareholders.
I also said if results aren't what they hoped it will be before, as it will have a far less impact.
I have no doubt they are working in shareholders interest.....or I would pull out now. I'm hopeful results are positive.
What doesn't change, by anyone's opinions, they are burning through money faster than its coming in......it needs funds, if not by asset sales then by placings
Ah Tamer the pucker piece is back hahaha.
If you ever need some money, let me know, I've been living rent free in that little noggin of yours for quite some time.
Can't say I ever committed to a timeliness for when, but will be one soon enough if the company can't secure funds from elsewhere.
You have your ear to the ground (or is that head in the sand) so let everyone know when you feel the vibrations......until then, sit on a spike :)
Peace and love
Snip, im happy to listen to opinion, but if possible please provide evidence for what you say regards to:
1. Presentation - that it was kicking about weeks ago
2. Placing arranged at 0.05p - which would be at a ~94% discount even at todays prices.
3. Warrants being "up in the air"
From what I can see:
1. The presentation was what was show at the latest "exhibitions".
2. The price dipped to 0.45p recently but no placing was done, non disclosure would be a breech of AIM rules and regulations.
3. As per Block listing RNS 19/10/22:
"Equals: Balance under scheme(s) not yet issued/allotted at end of period:
11,200,000 ordinary shares in respect of the July 2018 options exercisable at 1.125 pence per share"
And another rat comes out the wood work
Position from August:
https://ibb.co/Kz64Nvk
Position now:
https://ibb.co/JvrtGj9
Back in your box