The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good to have admitted and error of judgement to raise cash during a precious metal pull back when in reality we were in a relatively strong cash position previously.
Time scales tie quite nicely to sink a few holes in creswick while awaiting final awards of south of creswick applications. If results are good I'm sure the interested parties will be beating the door down
Lol. ****s the BB off but in the same post can't understand why a small company like ecr wouldn't want two drills.
It's not the drill it's the liability, not just for one drilling campaign but for the ones in the years ahead. It's just economic sense to sub contractor out the second drill at the present time. You really want to buy a drill and have it sit idle when we don't require it? Or are suggesting we recruit a second team and have it drilling non stop? To run a drill rig is what best part of £750k per annum in wages alone.
The obsession with a purchased rig is totally flawed imo. Fat better to sub contract out the creswick programme and sink 8-12 holes and then jump back round the table and get a better deal. In the mean time the licenses should be awarded and we can make an informed decision to move forward. Perhaps at that point with the certainty of a JV and or drill results we can acquire a second drill for black cat, tambo and beyond.
No as I said back in Jan/Feb the JV appeared to hinge on the partner wanting to make sure any agreement included the two license areas to the south of creswick to include more of the DMS. Now Craig had all but confirmed thats the case to progress further. Sticking a few holes in creswick during this delay makes sense if you can keep more of the project in ecr hands of the results are positive. At the moment we likely looking at retaining 10-15%. With a few holes confirming the 80g per tonne we may be able to enhance that deal.
Buy when others are fearful, I can't quite believe the share price has fallen this far on the back of 6 holes. It's not like we have £6m in the bank is it... You'd have thought were about to be liquidated. Personally I'm a buying at this price, maybe another day of selling but the tide will turn and we'll be back above 2p.
It's quite an interesting reaction which I believe is overdone.
The intersections confirm quality gold is present at Byron. I'm interested in the testing of the anticline hypothesis on mineralisation in the current hole.
ATB
The biggest loss of credibility for Craig is not the placing but the constant interviews when asked re funded his response was were funded until 2023. Why not just be more coy and say we're open if the right opportunity arises to increase the drilling campaign. It stinks of jobs for the boys. We've sold all our warrants and made some good money, can we have some more now Craig..... Oh and can you make sure in the same range of the SP over last 6 months, we want zero risk, thanks.
Is it not slightly alarming we haven't even had any twitter photos of the rig in action since the last RNs, is it even still turning i wonder or have we had technical malfunction of old Midas?
Complete silence not just no RNs announcement, other than corporate presentation.
Still main catalyst here is getting a deal over the line for creswick. Hopefully when licences are ratified we can progress that
Agreed, I'm invested long term and will continue to acquire more shares. This share is sentiment driven as the fundamentals are still in the hypothetical stage. That's why we invest at the coal face, future returns. There are multiple catalysts here for 100+% increases but in the mean time we will continue to have minor differing opinions.
Of course it has a impact and whether it's a production company or not has little impact, what planet are you on. It's the wider association with the metal price, desirability of the assets to the market.
You only need to look around the gold miners to see it's a wider market reaction. Volume is far too small at the moment to suggest warrant holders are driving this. Sounds like you have too much skin in the game on this one with your reaction to my comment.
I'm bullish on Ecr as much as anyone but I'm not blind to short term risk either.
I can't help but agree dill, strange time to release a interview.
Also don't believe Craig to be a fool to set himself up with low grades by constantly comparing to fosterville but it is definitely odd timing wise.
The drop in price is purely driven by wider gold drop off.
Yeah as I've said previously it's awaiting the official award of the wider creswick licences to be made official. It would be impossible for a company to enter a joint venture without that confirmation as it is surely part of the joint venture deal
Worry not angoose, it's these exact times when it's a screaming buy. When it's all over twitter and the chat posts on here are 100+ they I top slice and wait for these specific cycles to repeat, worked well so far. Nothing changed here still, prospects are very good. Drill results will support that as alluded to by Craig. JV will catapult us into the spotlight once more.