Member Info for maestro1

Joe

Rrr has some attractive assets, but when a company gives away a interest free loan with no maturity date and is a material amount for the company, one can change opinion.

New board can do wonders to rrr, i didnt like the loan. Endof...

Anyway back to eris, show me another peer which you state are working from an old producing mine. Don't deflect...

Eris believe they can get to the new find via the old underground mine, its all whether they have commercial resource.

If its commercial the company is significantly undervalued.

Show me another peer that is looking at a brownfield project in ireland?

News is coming, dont worry.

The new ceo has been disappointing to date, no communication to shateholders whatsoever, hoping this will change very soon. Due an update on abbeytown very soon.

Allthatglitters

Eris main focus is on the zinc brownfield project in Abbeytown. I think the clue was that they are still drilling on the surface in Abbeytown, this has to be positive.
(Brownfield definition for investors- denoting or relating to urban sites for potential building development that have had previous development on them.)

You cannot write off Sweden Gold project, we have a large JV partner who is footing the cost, they also pay us 10% admin fees to cover the work, i see the Scandinavia projects as pure upside if we find something it adds value if we find nothing it hasnt effected our business plans.

I dont know any aim listed companies with sub market cap of 2m with the backing of two large companies worth over $3bn combined.

The new ceo hasnt given us any new clues but back in sept the old ceo stated at the time once underground drilling completed we will be able to give estimate to the market on what we think the prospective resource of the license is.

He stated eris will let mkt know whether they will extend the exploration target ir concentrate on the 400m south of old mine.

This was with an interview with Justin on vox.

The only thing we have officially on Abbeytown is that the surface drilling results which were released in October, they were successful drilling campaign and eris encountered high grade minerals south of the old abbeytown mine.

Since then they have commenced underground drilling from the old mine to link the new find to the old mine, Mervin back in September via vox market said once underground drilling was completed we would be able to tell the market an estimate resource they think they have at Abbeytown.

WE have eye witness accounts that they are still drilling from surface, this is positive. imho

I believe Eris has found a viable mine, the underground tunnels have already been created from old mine and eris can blast the new minerals from their.

Its a brownfield project, i dont think we can compare with any other small cap company which is looking for zinc in aim market nor in australia market.

Fourprinces

What is absolutely fine?

Hopefully q1 2019 will be very good to eris holders, 2018 sp performance was awful but the company achieved some milestones.

I dont think this decline has anything to do with the company if you look throughout the aim market many stocks taking hammering, with the uncertainties of brexit things are looking bad.

Bring on 2019 lets bring the mood back.

Anyone thinking this company going back in the high life arr mistaken, some strong allegation will have been put if fca are involved.

Yu are in big trouble, imho.

Nothing new mentioned in that interview.

Sdx gone very cheap now.

FourPrinces

Who said they have the underground drill results? When i contacted eris in early december they said drilling recently commenced underground.

So they may still be drilling or waiting for the assay results. If they are not yet ready this week with christmas next week might be holiday for the crew.

So hopefully in the new year.

Imho

Its been a dismal year for eris, their maiden year in aim has been dismal if you look at the share price.

They have had success in Abbeytown, the positive is that they have enough funding for 2019 to continue to increase the resource potential at abbeytown.

It would be nice for our ceo to do a new presenation or interview to let us know how differently he will work than Mervin to improve the sp.

Still believe the right piece of news can increase the sp multiple times as the shares in issue are low.

Still believe Abbeytown has potential.

Selling way under cash, must be distressed seller.

Lucky for you

valued equivalent to 140p in canada but trading at 157.50p in UK,

cash2

matd has over 19m cash, aaog is a money pit.

This is a Brownfield project,Eris believe they can get to the new zinc/copper/silver find via the old underground mine this will save cost.

Production will be alot cheaper but Eris are likely to sell the project on. If they manage to get 5Mt ~12% zinc, its over $2100 per ton at the moment.

Mkt cap is just valuing the cash and ignoring the asset, its confirmed they have found high grade minerals just dont know how much.

Allthatglitter

You really need to read rns, there is gold potential at Brannberg just not large enough for Centerra to continue. Nothing to say we cant benefit. Centerra is valued over $1.6bn.

Its all about Abbeytown, if they can find viable resource this is cheap, the minerals are near surface and they say they can get to them from old mine, this saves cost. With eris having over 6p a share in cash they can continue the exploration at abbeytown for a year. Sweden/Finland gold projects covered by our large jv partner.

Yes, they did.

Surface drilling in Abbeytown concluded in oct but they are still drilling from surface as we speak, this is positive. Underground drilling is also being done.

Last week the company stated Anton will do a proactive interview in the near future one can speculate he will do it with the abbeytown news.