Member Info for Kabaa

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-8597289/amp/Now-gold-tipped-reach-3-500-ounce-amid-stock-market-turmoil.html

https://www.fool.co.uk/investing/2020/08/08/the-gold-price-is-on-a-tear-i-think-those-buying-now-could-still-strike-it-rich/

https://www.fool.co.uk/investing/2020/08/08/the-gold-price-is-on-a-tear-i-think-those-buying-now-could-still-strike-it-rich/

There have been times I have made a significant amount on paper in shares and fully believe they will continue to go up but have sold a little bit to have some fun with and do other things.

Gervais selling a miniscule amount of his holding Is not affecting my decision to hold here 1 tiny bit.

He's suddenly come across nearly £20 million quid. You can blame him for taking a few hundred grand out whilst he is not in a closed period.

The knee jerk selling to this yesterday was ridiculous.

The people who allocate capital to different stocks, look at the average price of gold and buy daily. That is why I doubt the uptrend in ECR is nowhere near to being over.

Many seem to think this is a spike in the gold price but I have no doubt they are wrong. Gold is going to new highs for good reason and will hold firm and money will flood in to gold stocks and the smallest ones like ECR have the biggest potential.

I very much doubt we will see a price of e.g. $1,800 potentially ever again. The Monetary expansion is phenomenal and the general stock market will not have the returns many are used to as unemployment stays high, earnings are lower and most businesses struggle.

This is a perfect recipe for a huge gold bull market. I'm adding to ECR, GGP and IRR when cash is available and holding firm. This trend I think will last years and be nothing like anyone here has ever seen.

Forget about the warrants. Most big investors already know about this as it's in the fully diluted share capital.

What is far more interesting is that

1. Miners are moving into the area we have licenses in
2. Gold is up 350 bucks in 6 weeks which makes any little company like this far more likely to get developed with huge profit margins.
3. People are finding high grade gold in the area.

Stocks like this and IRR will go to silly levels if gold holds these prices and even goes up further.

People were going on and on about warrants when GGP was 1.7p. I feel nothing but sympathy for the people who sold on the back of that but they are concentrating too much on irrelevant information and the smaller picture.

Market makers seem to have the ability to report whichever trades they want.

IRR reported astonishing findings of gold at 1,075g/t yesterday. Most of the trades that day seem to have been delayed and not reported until later and sometimes several days later.

The price does not often follow the fundamnetals in this stock. People were frustrated with this for at least 6 months when we kept reporting good news and sitting around 1.6 pence. Then in the matter of weeks we multibagged and never looked back.

This is another reason why I personally like to have a few different little stocks on the side to alleviate the boredom of waiting for one of them to get to a more sensible price.

The last update was fantastic along with many others and it wouldn't suprise me to see another great update in September and October, by which time this will have in my opinion moved to the 20's and maybe even 30's.

IRR have reported one of the best updates ever today with the 1075g/t and it is sitting up 20% with most completely ignoring it. A similar story that it's only a matter of time before it get's going on the upside out of the blue. Could be weeks away or even months. The money is made in the sitting...

Good post manfromurugauy. Some of these countries are actually very safe and many people that understand that and going there to do business are making a huge amount of money.

Don't get me wrong, this is probably the safest gold stock on aim right now and I personally have a much larger holding in it in comparison.

But the little tiddlers of 10-100m market cap have way more upside compared to a 550m market cap stock.

Of course this is safer and far more advanced but many of us were here at 1.5p when the cap was only 50m. You can't compare this at 15p to back then at 1.5p and other early stage miners.

Company called IronRidge Resources, ticker IRR. Check out the other grades they reported today. Astonishing!

I'm in this that and GGP so happy with the gold price going up too.

Just mentioning ECR are getting a lot of money to potentially afford to do their own drilling like IRR.

They have just reported 1075g/t today. Quite incredible!

Gold also up 50 bucks since yesterday. Bull market just getting started...

It's in the IRR 7am RNS today.

Reported at IRR today at 1m. Check out the other grades. Quite amazing!

''In theory as the warrants are all public info should already be factored into the SP.''

Yes it is public info. Not sure why people are suddenly concerned about this.

The fact they are being exercised, converting these into cash is a GOOD thing and as a poster below suggests, we are building up quite a large pot for exploration which significantly strengthens our hand in negotiations with majors, or simply drilling ourselves like IRR have been doing recently (and very successfully at that)

I'd actually rather they went a simliar direction than giving away a huge amount of the interest like GGP did with Newcrest. It makes the upside so much more...

He likely sold a little and was diluted by new shares a little.

He perhaps sold into the rise to 2.6p on Monday to take some cash off. Who cares why anyway? I do not see him as anyone important and like many, will be quite happy to get him off the shareholder register.

Gold is up a good 40 bucks since then and I'm not going to stand in the way of that bull by selling any shares here.

Remember when Beetham sold down around 100m of his shares at 1.6p in ggp and everyone on the forum thought the end was coming. It isn't here either.

I still hold a large amount of GGP but the smart money has been made there from 1-15p. It still has upside but nowhere near as much as this at a 10mill market cap with gold prices at 1900+ with majors moving into the area and even little guys finding gold nuggets at surface.

ECR on the risers board today. Anyone also in that? Got a nice little story behind it...

Very promising interview. It is not common at all for an aim company to turn down extra money from their own broker let alone 4 other brokers. On top turning down deals from majors.

They look like they are in the right place at the right time for their assets along with gold prices going from 1500-1900 recently.

Most other companies on aim just grab what they can, convertable loan notes, cash from anyone, deals with anyone.

In comparison with GGP, they did a deal with Newcrest when the price of gold was 1300 dollars. They are now worth well north of half a billion market cap. With gold now at 1900 bucks and a 9 million market cap, this has mega upside in the coming years. Craig sounds tired of fighting everyone off our assets!

Wow, check out them chunky buys reported after hours. Something big going on here...