RE: X Twitter.........!24 Jul 2024 14:14
The problem is, ECR have said a lot of things that have not materialized and frankly the market doesn't believe a word of it anymore hence our inability to remain at or above the placing price. It's all well and good saying the phones are ringing off the hook, Creswick hosts £20m pockets of gold, there will be a mine at Baillieston and CW, BM has an 80k resource etc - Not to mention the incessant tweets about neighboring companies and/or the gold price as if it'll somehow adjust our fundamentals.
Mr Market is saying show me the money.. and as dara has pointed out, so far ecr hasn't, which is why we languish at these pitiful lows.
If BM hosts a 250m resource then why has a partner not snapped our arm off? Perhaps that's the next RNS eh Ti? ;-)
I'm cynical, massively in the red, smelled the coffee and no longer buy the BS. I do think that at some point our luck may change however, dara pointing out some current inconvenient truths is neither stupid nor dumb though.