Member Info for luckyorange

Good stuff H.
Like AG I expect Creswick to meet expectations , pockets of gold on any of it (Adams statement) can be exploited at minimal cost but ideally it would be continuous veins and time will tell on the current drilling of both prospects, not understanding why the Blue Moon situation at the moment but they are focusing on filling in gaps , let's see.

Queensland I like because of the alluvial prospects there and remain amazed that the panning that they did in those streams, which in reality was a more or less random process, were so productive. Expect them to get active there as soon as the licences are granted (not necessarily with the drill straight away) with the soil sampling and revisiting 'old' sites .
Plenty for ecr to focus on for some time as it is not a one trick pony.

https://www.londonstockexchange.com/news-article/market-news/significant-acquisition-of-vitality-cbd/15105711

Nah I didn't James , let me explain something to you as you don't seem to understand how it all works, here goes.

New broker comes in and suggests that they can get more money for the company ... think Homer and doughnuts mmm money says Craig.
At what price , oh 3p easy , ok go ahead it will take a couple of weeks to organise says the broker , ok says Craig.
Miraculously the share price falls from that moment , broker comes back , can't get it at 3p now but 2.2p it that's ok , can't pull out now because we will charge you anyway .
But what about the warrants ? Oh we can deal with those says the broker easy save some work and money do a block listing.

What the broker won't have done is tell anyone about the placing in case it was shorted and definitely wouldn't tell anyone about the warrants still to be executed in case they had inside information and closed the short they may have opened when they weren't told about the placing .
Before you comment further James ,seen it got the t shirt on what the city boys get up to and back handers . Once those warrants are gone there will be some miraculously big buys and a quick rise back over 2p , only a matter of time.

Put that one just for you James and right on cue you responded lol.

They will be gone soon then it will be buyers only including the shorters .

It's a good point Longlad but it is also a good way of spreading the risk and not being reliant on one company , i.e. a portfolio within a portfolio.
I suppose a lot of what SEED is about now is trust in Ed knowing what he is doing , he sold with no emotion when PRTG flew up and similar with the smaller floats which gives some encouragement that he/the company is happy to turn a profit when it presents itself.

Investopedia take on it
"A discount to NAV occurs when the market trading price is lower than the most recent NAV. A discount often indicates the market is generally bearish on the investments in the fund and the fund company’s potential to generate returns."

Cannabinoid is speculative and the big money behind LGP makes me think it isn't the cannabis investments as they should be quite the opposite and trading at a premium to NAV.
Being the largest investment is it LEAP holding it back ?

That is true Lazarus, brokers and mm's have free rein to do whatever suits them to make a penny although I would like to know where ecr is with the warrant situation .
Other shares I am in are meeting a similar fate at the moment and some that do rise on positive news struggle to hold any rise at all.
I am finding myself agreeing with what Justin Waite is saying (I have been annoyed in the past of his pumping of some shares but he seems to have calmed down now) , anyway the point is if a company is funded and they are working hard to get the results then stick with them , if that changes then don't .
ECR doing everything they can to progress which is good.

Not me but I do wonder how many have done and chasing other shares, hard to tell what is warrants and whether it may be PI's . About time Craig stuck his head above the parapet , seems to be in hiding at the moment but will definitely appear with any big grades.

I am confident by the way that they have kept us updated on Garalo that it is going to be progressed quickly.

Not so sure about Lubu at the moment but with the price of coal going up as it has I would expect the Chinese to make a move unless covid is causing more delays , however when Carl last mentioned it he did say that there was positive progress similar to the coal.
Yep , expect an update shortly.

Craig clearly explains in the interview with Alan Green (5.3.21) that there is no impact on drilling as it is classed as essential work.
Melbourne is in lockdown which is until September , restrictions on the rest of Victoria were lifted on the 9th August. No more Draconian than the UK has been , I'm sure that Draco would be pleased that his name has been used so much more than 2500 years after his death.

There is now a Director geologist (Adam) , Principal geologist (Rod) , Chief geologist (Kristy) and gofer geologist, wonder if Rods place in the pecking order is on a sticky wicket ?

Hope you don't mind barwick but used that to ask the question . https://twitter.com/luckyorange1812/status/1427586440083525639

Thanks Paul , it was an interesting listen and relates in many ways to ECR throughout including his take on the money printing at the end it is worth listening to the whole interview.

It's the north / south alignment thing that seems to crop up regularly in the area, which applies to both the DMS and Cherry Tree down to Blue Moon .

It's hard on the majority of shares at the moment winnie , some are six figures down on their various investments and the only thing you can do is switch off.
ECR have enough money for the next 18months /2 years and a lot of drilling will be taking place in that time .

Did someone sell and buy back 500k shares this morning ?
People selling at this level must need the money sadly, it will all change for the better soon keep your chins up!

I can understand that for the length of time you have been in Fatman .
To be honest the arguing and personal comments against each other put me off for some time as more time is spent calling it down than looking at the possibilities , however if sentiment is low it is usually the best time to buy.
Can't remember when I first bought some ffwd but was within the last 18 months and got taken out with a stop loss at 12p which I bought back in the low 8's when you lot finished trashing it ;-) but continue to do so!

Sometimes you have to put the past behind you and look to the future. For me Ed is in charge and has something to prove but has also maintained friendship and links with powerful people in the cannabis business and they are at the forefront of what they see as a revolution and a change in mindset as to the positive medicinal effects of CBD and controlled levels of THC's.
If it all makes people feel better and improves their health with a lower risk of side effects than typically prescribed drugs then maybe it will lead to a better future.
Not aware of large drug companies jumping on board yet but they probably will at some point .
To me it is not all about Leap as profitable as it may become , don't ignore the possibilities of health and wellness and peoples pursuit of it, covid has probably underpinned the growth of the type of businesses' that Seed is involved in.

Took me a while to find it but it is mentioned (75p) in this interview https://www.youtube.com/watch?v=dIvmG1g2ah4 Midweek Takeaway with Seed Innovations CEO Ed McDermott.
430 viewsPremiered on 16 Jul 2021

He did Fatman when a possible value sp was put to him in one interview , I know it was before this one however he is consistent in his view
"“We’ve got a huge amount of value yet to capture. We’re very early in an industry that I believe is going to be enormous and right now it’s valued at a fraction of what it’s going to be valued at in the years to come.”

He describes Seed as a growth fund “dealing with industries that are moving at a rate of knots,” and, you might need to read this twice, McDermott reckons

“this industry is going to probably generate fifty percent of the next twenty years of value in the next one to three years.”

McDermott and the team that work ‘bloody’ hard are topping up their investment in hemp-based wellness company Yooma Wellness. The business is looking to list on the AQSE Growth Market which McDermott says is a precursor to an IPO on the London Stock Exchange. In the meantime Yooma intends to grow organically, as befits its products, and through acquisition.

McDermott is keen on vertical integration. He did it with EMMAC and he’s looking to be invested at all levels of the cannabis corporate tree in multiple companies because it’s going to make not just him, but his shareholders wealthy.

And as he explains to Sarah Lowther he isn’t going to give away all the secret sauce in a podcast though he does reveal he’s looking at IP in the cannabis sector because “it’s future value is going to be significant.” https://total-market-solutions.com/2021/08/seed-innovations_august-2021/

He didn't know there was a fundraise in the offing barwick or at least that is what he said in the interview, they didn't invite him to partake so he wasn't an insider.