RE: Tang needs to walk now14 Sep 2022 22:41
Looking at the trades, it's certainly not a mass exodus and irrelevant in the grand scheme...
At a guess, I'd suspect a frustrated few, sick of the status quo, waited for the Blue Moon announcement hoping to sell into a rise. It never came so they dumped anyway! I expect they feel liberated and at peace tonight! ha!
As Adam mentioned in his last podcast, the entire Victoria mining industry is looking over ECR's shoulder due to Blue Moon's interesting geology and potential. A few PI's throwing in the towel (or disgruntled Chinese dumping their last few mill) will be irrelevant if things get exciting at BM... Yesterday's newspaper analogy and all that!
Having said that, I am losing my patience and feel a bit muggy continually making excuses for ECR as a long term supportive PI. The need for a lobster net clear-out is palpable, failure will strain investor relations as it's abundantly clear that certain members of the board are effecting sentiment.
I'd like to see a bit more gusto in future podcasts. Adam is a fantastic Geo and facts guy but I've found the last few interviews a tad monotone. Regardless of outcome, Craig had a fantastic enthusiasm and really sold the product. We've not really had that since.
Rant over.
Now let's see some Quartz!!!