Member Info for luckyorange

Not many say they would love to buy shares Longlad but agree with the rest of it lol.
Where some have actually bought shares it doesn't make a difference so I am more interested in any upcoming catalysts . Ed has a lot to prove , he did so with the prtg offload of some of the shares . Not emotion with him , if the value is there sell it and move on. Pretty sure he would have got rid of more if he could have but got the impression that it was a sell order at a certain price only.

He did well there and hope it continues across the portfolio for him and us.

and his sp comments , i.e. undervalued now and should make at least 75p in the future.
Do you trust him and do you think he can do it?

Been like it for over a year , only impact it made was Craig struggled to get permission to get back into Australia. Glad he got there though and was able to put his finger on the pulse as to developments.
Some hold a grudge against him but his knowledge regarding how to develop a company towards a viable mining company shouldn't be underestimated.

Everyone has an opinion of course but the most important one to me is Craig's as he is the one in control ultimately , he did discuss the impact of lockdown on the company at one point (don't know which interview but probably the one when he was having to isolate in a hotel room), no impact on the company was his take on it.

That is the type of intersection they are looking for Aquae and a good question that only the geo's could answer I would think , it can be that simple sometimes all will become clear to us at some point.

Yeah it was $Aud 300k TS and everything else mentioned is in the interview , such a short one but really informative and well worth referring back to https://www.share-talk.com/craig-brown-chief-executive-officer-of-ecr-minerals-plc-ecr-l-interview-2/#gs.8pdxw6

In the interview he said that shares held will be short/medium/long term , weeks/months/up to two years maximum.
I don't know the starting point for that statement, but at some point it is indicative that everything SEED owns at this point will be turned over at a profit and something else will take its place.
Seed money always seems to make money in the IPO's , warrants usually make money (not a difficult one if the sp rises above) and CLN's for discounted shares .
Giving companies a leg up when they need it prior to listing seems to be a profitable business , we will see!

Agree with all TS except he did say in the one interview that the burn rate was £165k / month .

Yes Paul 1 , can you tell us how that impacts ECR ? Is this something that you are just going to post on a loop lol.

The greenies would have us going back to using outside toilets and using the compost to feed your vegetable patch with a stationary bike wired up to a dynamo for electricity in a house made from straw bales and sealed using cow dung.

Totally agree AG, monthly reports would be a traders dream.
For me it is never about having belief in a company it is more about what they are doing to try and improve their prospects and situation .
If it is perceived by some that ECR are not doing that then I don't know what their expectations are?
Saw someone's opinion yesterday that ECR is a lifestyle company , made me smile to be honest , working their socks off and CEO paid less than the geologists :-) Their work programme for the foreseeable future is drill and keep on drilling to prove up the resources and make them a viable resource.
So much for them to do or go at and they can only do it in steps as they home in on the gold finds that they want.

If I look around LSE bb's then the shares that I am in and the ones that I have an interest in are all rubbish and I must be mad for even thinking of buying into according to some posters and wonder if the majority of those are just managing their own expectations / hold a grudge/ don't understand what they have invested in and will always look to blame someone else for their actions.
The ones I am in I am positive about , if I am not positive for now and the future then I sell / say nothing / move on and put it behind me.
At the moment the ECR team are doing what they planned to do / what they said they would do and are proving up the resources. It's a hard old business drilling into ground where nobody else has and finding something , Cherry Tree is showing promise with 003 and there may be better to come or may not but the eggs are not all in one basket .

Has gold mineralisation from 28 mtrs down to 100 mtrs reported and that is a bad thing!

001 and 02 had sod all so they know where not to drill and where to drill going forwards .

"In both cases its down to investors to push the buy or sell button. I can factually state that #SEEDInnov has an audited NAV significantly above where the stock trades today. That NAV is also old now" Quint giving him a bit of a sharp stick over the sp. https://twitter.com/edmcdermott12/status/1425056884223057941

Looks very promising , specks of gold all the way down on that one hole.

ECR gone very quiet and Craig in particular, has he been quarantined again?

Where will the £5 mill come from reap?

Thanks pawn , don't know why I had that one in mind
"At a gold price of US$1,900, the Company’s mine planning and block modelling studies suggest that margins on production would exceed US$1,000/oz (at the 10,000oz per annum production level). Consequently, the Board believes this would result in a potential EBIT figure of circa US$1M per month from Garalo. In the event a larger 30,000oz per annum mine was constructed, the average cost per ounce of production would reduce further, thereby increasing the margins and associated EBIT figures."

Ebit for 10k = $1 mill/month
for 30k =$3 mill/month

Depends on pog at the time !

Forget the extraction costs /oz but seem to remember it was very low ($350 ?) , short term fluctuations / manipulation of the gold price/oz shouldn't really impact the likes of CGO.

Biggest risk is being in Mali however in an area where some to the biggest gold miners operate there must be some security in it.

It will go up bitcoin , churn through has been tedious but feels like it is coming to a conclusion, there is a point where sells run out of steam and still think shorts need to buy back just needs a catalyst and some volume.

Garalo will be going for 30k/oz pa with the heap leach = $36 mill pa ebit , call it $15 mill

Lubu $1mill ebit/month without a Tsingshan deal = $12 mill pa. with Tsingshan deal X 3 ?

Current m/cap £15 million , no idea what it will be if the deals cross the finishing line.

Hopefully we will find out soon what is happening but seems low risk here just for the gold interest.