focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Not to worry mate. I have been looking at level 2 all day and most of the trades are above 15p.
.....had a £1.40 target.
10.2m traded today vs 11m in free float
Sorry mate, that is not correct. Company Shareholdings over 3% Philip Letts 14,179,840 30.11% Robert Keith 6,840,990 14.53% J O Hambro Capital Management Ltd 5,550,000 11.68% River and Mercantile Asset Management 3,095,760 6.57% Hargreaves Lansdown 2,338,608 4.97% TD Waterhouse 1,719,981 3.65% Interactive Investor 1,629,965 3.46% Only 11m shares are in free float
MM's don't have many shares. People are buying above the buy price all the time for 10-15k shares. This is a good sign that the SP can keep going up.
...........with 11m in free float! Not many traders with an average under 15p.
75% of shares not available (11m shares available) 8.1m traded today
wowowowowowowowowowowow!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Worth more than the MC? F.me
6.9m traded today. Also, many investors have a higher average than where the SP is today.
Company Shareholdings over 3% Philip Letts 14,179,840 30.11% Robert Keith 6,840,990 14.53% J O Hambro Capital Management Ltd 5,550,000 11.68% River and Mercantile Asset Management 3,095,760 6.57% Hargreaves Lansdown 2,338,608 4.97% TD Waterhouse 1,719,981 3.65% Interactive Investor 1,629,965 3.46% Only 11m shares are in free float Bought at 14p, happy to hold!
I agree with you up to 2018 we could be a lot higher than today. If the results of the drilling are good and prove that we have medium size resource, 2-3m oz, we will get BFS done in 2018 and then we will be bought by a larger investor imo.
So what you are saying is that LTH's that have high averages should not dream of getting their money back? You are a really bad investor Sir. I really despise people like you! You have finally made me bored of your presence. I am sure that no holder here is thinking that the SP will be 90p tomorrow or even this year. I personally have a 10p target giving the company £20-25m valuation if warrants are exercised. Achievable? I think so!
Pdub - I hope you, Eaglesdare and all the LTH's with high averages get their money back. As you said, ECR have a new CEO and new team around him with a good track record. Let's wait for the first drilling results from Australia in the next couple of months and by then we will have a clearer picture. However, if the 15-20g/t numbers are correct with a large deposit, it wouldn't surprise me if you recovered all your money. But hey, this is my opinion.
Johnny, maybe you should learn to read. Target for me is 10p, but if you think it could get to 90p, like I said, you never know. SOLG is worth at the moment £500m+ and they had a low SP for a long time. PS: I will entertain your stupidity for a while until I get bored with you. PSS: Where is your friend?
90p, I am not sure will happen here,but you never know. If the gades from the drilling are as good as ECR has published of 15-20g/t. Look at Dalradian. They are valued at £187m. Proven & Probable Mineral Reserves of 1.44 million ounces of gold and 0.66 million ounces of silver (5.24 million tonnes at 8.54 g/t Au and 3.9 g/t Ag), a subset of the Measured and Indicated Resources of 2.10 million ounces of gold (5.61 million tonnes at 11.61 g/t Au). The FS excludes Inferred Resources of 2.31 million ounces of gold (7.13 million tonnes at 10.06 g/t Au) Can we beat that in Australia?
.....knows how to get the SP up and I am sure he will do just that in the next couple of months. There was a LTH here that said he/she needs needs 10p to break even. I think that you won't have to wait years for that to happen.
Excellent interview. Dilution will be minimal and if we get something good in the exploration, we will get Chinese investors to finance it at the right price. I like it. Bring on the news in the next couple of months. PS: Where is Johnny?
The net proceeds of the Subscription, being approximately £525,886, are expected to be used as follows: * to progress the Avoca and Bailieston gold projects in Victoria, Australia; * to progress the SLM gold project in Argentina; and * for general working capital purposes to support the other activities of the Company, including the review of potential new projects and business areas. Underexplored. Extremely high-grades were mined from historical alluvial workings and primary vein-hosted deposit on ECR’s tenements, yet they have been subject to very little modern exploration. Technology and geological understanding has advanced considerably since the Goldrush days. Furthermore, historical exploration was focused on alluvials and nearsurface deposits only. The potential for large buried primary deposits remains good, in our view. Baillieston. This area is prospective for high-grade gold quartz veins as well as larger scale bulkmineable disseminated type targets. The tenement includes the historical Byron Mine which produced 4,416oz at a grade of 15.5g/t Au. Mining only ceased due to dewatering issues and the sulphidic nature of the deposit, not lack of ore. This reflects the technology of the time and would not be a relevant issue today. Extensions to the high-grade ore shoot remain untested. Avoca. Over 30 hard-rock gold-quartz vein targets have been identified. The tenement includes the historical Pyrenees mine which produced 16,602oz at 32g/t Au, and the Excelsior mine which produced 9,260oz at 22g/t Au. In both cases, down-plunge extensions and the potential for ore-shoot repetitions remain untested. We should get notification the start of the drilling campaign in Australia has started. If we get anything close to the above grades, I think we are in the money for sure for a 10p valuation with the current amount of shares after the Chinese investment.