Member Info for Legalwolf

Of course, it must be some kind of MM code ;-)

Personally, I believe we are just in a consolidation and that is leading to people overthinking this. Because we are in the run up to a major company defining event, the share price isn't just going to continue going sideways like this. Of that we can all be sure. Therefore, at some point, this consolidation will break to the upside or the downside. I don't think any of us can reliably say which of these it will be, or when it will breakout (or breakdown). It could be this week, it could be next week, or not until the middle of next month (unlikely but not impossible).

Nor can any of us really say whether this move out of this consolidation will happen before, or only in response to, news/comms from the company. This might be the case, or as I've said before, the next move could happen simply because all sellers in the consolidation have been cleared, or all the buyers in the consolidation have been cleared, and the MM then move the price up or down accordingly.

Basically, none of us retail investors know, and we can have another 1000 posts watching and commenting on the share price during this consolidation, and will we be any the wiser about what will happen next, or when, re the share price? All imo

Dai - that's the thing, no warrants. The 1p was considered to be a sweetener in itself. The RNS is below and the shareholders have already voted the deal through. Tranche 1 was completed before the drill, so Tranche 2 (the £4.6 million) is to be completed in August. I think there is definite upside from its current ATL and 1p is just the initial target.

Like I said, the CEO will be speaking at the LSE event tomorrow and if he remains bullish about the financing then I think the bounce back is very much a sure thing. Only question is how far back it will rise. At the very least, I would anticipate a 50% return, even if it only rises to 0.75p to 0.8p. All imo and dyor

https://www.lse.co.uk/rns/KAV/conditional-1636million-two-stage-equity-investment-3s2we4t1l90wkbl.html

Definitely one to watch folks. Recently fallen to a ATL at 0.5p to 0.6p, but is on for a 100% bounce from these levels. Why? They have £4.6 million coming in from HNW at 1p. Price only fell because they hit a duster at KSZ, but which was the least likeliest of all their projects to make a discovery. The HNW has recently confirmed to the CEO that they will still go ahead with the planned financing at 1p (see CEO's tweet). That's nearly 100% above the current share price.

If they get the £4.6 million, which looks highly likely, then they are targeting lower hanging fruit projects (copper and gold), and will commence immediately to exploring those. The CEO is doing an event with LSE tomorrow, so worth listening in to that for confirmation.

There's been buying under the hood since the recent drop. There was a £20k buy today. I'm thinking this will be an 'easy', or rather, a very high probability move back towards 1p because of the financing and/or exploration to come thereafter. All imo and dyor

I agree Dan. Once we do form a base at 0.5p, it then gives us the new floor to buy form. Only a matter of time/days before this happens because any large buys are already in the upper 4s. Most shares now will have to be accumulated around 0.45p to 0.5p. Next interview or RNS won't be that far away either. I think getting in now and early, before the herd arrives will hopefully reward us all in August and September. Then it's down to the results!

After a big move up - and it was a huge one to be fair, it's going to take a while for it all to be worked off. I think that's what we are seeing now. The next move up or down might happen on news, but not necessarily so. As stated, most of the news is out there in some form and all we will get now is mostly confirmation of what is already out there?

The next move - up or down - is as likely to be a technical one, as it is to be a RNS/news driven one. By that I mean, if the share price breaks above 9.5p, then that will fuel its own buying. Equally, if there is another shakeout to test 'weaker hands', by taking it down to 8.5 (or even 8.3p), it all depends on whether strong buying emerges at that level. There ought to be in that scenario, because there has been strong buying in the 9s, so you would expect 'stronger hands' at the ready if it drops to the 8s.

It's the psychology that's key here. In that the market (inc all of us) just needs a signal that this is indeed a continuation pattern in an uptrend, rather than some kind of top. If or once it gets that, we should see the start of the next leg up. For me, that signal will be for the bid to rise to 9.5p, and we get a decent volume breakout from that level. The only question is whether there might be an attempted shakeout first? I would have thought that the MM will be happy to take it up when ready. After all, don't they make more money from trading volume, and therefore have a vested interest in the continuation of a strong trend from now into September? All imo and dyor

It's a case of taking whatever is left in the upper 4s this week (and/or before news arrives). Looking for bid to then move up to 0.5p at some point. All imo and GLA

If there's an asset sale incoming, that would be amazing. Icing on the cake!

We are still trading very cheap going into a MASSIVE drill in around 6-8 weeks' time. I can see this moving very quickly and relatively easily from 0.5p to 0.6p next. Then from there, it's easy to see the anticipation and hype around Hurricane drilling taking ECR towards 1p+. Such a rise will fuel itself because the potential of the projects is simply massive. And because the stock has had a massive sell off on Victoria, so it should be buyers mostly on the way back up for Queensland?

If everything goes well here and ECR continue to get put out regular comms and hit the right notes with those comms, I am beginning to think that there's the potential for a 100% + rise in this stock, just on the anticipation of hitting gold in them Hurricane veins.

Now thinking how best to position for Hurricane. Load up now and then take some off before results?

Thanks StM - understood.

TS - especially as we have already knocked the price down for the property, and might well the same for the Rig. Poor choices to purchase these assets in the first place, but not AH's doing of course. Even if ECR only received £500k for both, which is the absolute worse case sale price scenario, that's more than enough for another drilling campaign in Q1 of 2024. In any case, share price will be well north of here by then anyway, so this is more of a bonus than a necessity imo.

Thanks Blackhopper. Let's see how this plays out. ECR are clearly on a drive to increase the share price, as said in the interview today and AS on tweet. They know that shareholders have suffered. So far, they are doing really well in their approach to QLD. AJ has stepped up his game, and the next interview from AH will be eagerly awaited now, because he knows the projects really well and is excellent at describing their potential.

So I say let's get an interview with AH as well.

Just imagine if ECR were to announce the sale of the property and/or the Rig over the coming weeks, that would be the icing on the cake at this juncture.

Another 1.5 million buy this morning! Big money loading up it seems under this gap, taking up the remaining stock in the 4s. Looking good for a strong close going into the weekend. If we get it, then 0.6p is on for next week. All imo and GLA

Yes, I picked up that Lolworth drilling targets will be ready for January. So that's drilling Q3/Q4 drilling at Hurricane followed by drilling at Lolworth. So BOTH projects are likely to drilled 'back to back', they are going for gold and rare earth minerals and are "confident of establishing a resource". Also promised a ramp up of newsflow and looking to grow the share price from here.

Excellent interview from AJ again.

AS - "Nice to see some strength in the share price" - it certainly is and long may it continue. 6-8 weeks for the share price to rise into Hurricane drilling.

Regardless and contrary to what the various trolls have been saying on this BB for their own agendas, the CLEAR evidence from this week's price action so far is that Lolworth and Hurricane ARE indeed share price moving projects and there is buying interest in them, regardless of the what has gone wrong in Victoria. The closer we now get to the Hurricane drilling, the stronger that interest will become.

So whatever happens to the share price tomorrow or in the coming weeks, buyers now know that the share price has reached the 5s. Therefore, even if there is any pullback in the price, it can and will be bought into now, safe in the knowledge that people are buying below this gap and its only a matter of time before the price climbs. Equally, if the share price does not pullback and firmly closes this gap tomorrow, buyers can then continue buying in the knowledge that the gap is firmly closed and they are now buying at the new bottom of 0.5p.

If and when this happens, there is then only a very small gap to the next level at 0.6p. So you would expect any short move up from 0.5p to 0.6p to happen very quickly. If and when that happens, it opens up the skies to 1p.

We are 6-8 weeks before the drilling starts, and we have already reached the 5s.

Those buying below this gap and in the 5s will be making the easiest and largest gains. Don't listen to the various trolls on here - they clearly have their own agenda and some of them are no doubt buying as well, whilst trying to put others off from buying, by making up false rumours about placements etc.

So I say get these cheap share whilst you can, because time to accumulate them now is fast running out. There are others buying them as is evident from this week's large volume buying. Also, ECR will be releasing newsflow on pretty much a weekly basis from hereon, which will drive buying interest.

The next 6-8 weeks are guaranteed excitement here. All imo and dyor

Yes totally different scenario now sdg. Had we not had that Monday RNS, I would still have been puffing steam even now!

Although we are all commenting on the share price (myself included) and it is getting most of the attention on this BB, I'm not actually that anxious or concerned about it. It's too easy to forget that we are only in the 2nd week since the Rig was announced. We went up 100% in the very first week, and I am very confident of seeing further upside in the run up to the drill, once this consolidation leg is done, which could take days or even weeks to clear the sellers. But we have 6-8 weeks left to spud, and I am confident that we will be trading at higher levels during that period, barring any calamities. That's my overall expectation, even though its still too easy to get too engrossed in the daily or hourly price movements. Exciting times that's why? All imo and dyor

Only a short matter of time now and we have PLENTY of time to fill it. We are trading in the 0.45p to 0.55p range and ECR are clearly stepping up their comms. I'd say these are the last few trading sessions to get in below the gap and position early for the Hurricane drilling. If there have been large buys in the 5s, then what do you think will happen to any remaining stock in the 4s?

Just look at the overall volume this week, and the fact that the bid has almost doubled. It doesn't take a genius to work out that Hurricane IS the real deal in terms of creating some upside in the share price and return of buyers to ECR. We are witnessing this right now and 6-8 weeks before drilling actually starts.

Does anybody now expect us to still be fighting this gap, or be at these levels in 6 weeks' time?

Mental - we've had months of trolling and they are still at it, so I say ramp away, but in any case, I agree that this is turning into a stinking buy. And looks like there is some large money that is also agreeing with you, because another 1 million trade has gone through.