RE: Consultancy cost16 Aug 2025 13:09
Last RNS was the 8th, none last week. SURELY Mike & Co talking up the news rich period (and that humble pie will be eaten) didn't just refer to that?!
1st - Director change (Doc steps down) - not a price catalyst
4th - operations update - OK better but was all 'potential potential potential' and nothing that the market would or could realistically price in.
7th - Bitcoin (ECR Digital) - meaningless until money is in it. Could create a 'buzz' RE sector and the crypto loons (no offence Ti) but seen nothing yet.
8th - Director change - Parker gets serious.. Good for the future but his actions will be priced in not his role change.
So... again, SURELY when they talk of humble pie and Re-rates they can't have meant that lot of news?! This leads me to speculate that there are more significant releases on the way that they know will boost the sp. Doc knows the above wouldn't have cut it, particularly in this market!
The cynic in me doesn't like the big sell trades that proceeded the latest small spike. But sellers will always sell it doesn't have to be sinister, I'm in the 'surely Doc won't unload at these prices' camp so doubt it was him.
What will move the SP?
- Partnership/JV to hit BM running (will require a % sacrifice and possible raise - but raises for accretive purposes are usually worth it in the end - look at ggp with the Tefler buyout raise)
- Tax loss sale - bank a few few mill and instant re-rate!
- a big drill hit
- announcement of extended/proper miming license to commercially hit BM
- buyout (a theory as to why they want payment is shares was a buyout) - Once license approved and now with Parker heading operations a larger entity could want to buy us out for the commercial arm and tax loss umbrella.
I've probably missed stuff.
Any of the above should cause a huge spike, and as I don't believe the honestly thought the last lot of news would re-rate the sp (for reasons given), I'm actually cautiously confident that one or more of the big catalysts will be hit, otherwise it would be the ultimate egg in face exercise for ECR after publicly telling the market to expect a re-rate and substantial developments.
Over to you ECR.