Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My average was 14p….. over the years I’ve got it down to a much smaller figure. I ha.move topped up the last two weeks in particular and now sit at 0.27. Still miles but if we get a decent spike I can sell into and hopefully regain some money back.
I genuinely hope for any LTH’s that are still hear we can get some of our initial investment back on the promise of golden tickets! F**k parsons!
Evening all.
Not trying to hype this up at all. However those 2 x 500 million trades remind me of the exact same thing that happened with IRG before echo took over and we had that ridiculous rise.
Shortly before the change there were two large trades which came through and we all wondered what that was about and then the rns dropped and it went nuts.
Now I’m not saying this is going to happen again but very similar to what happened before.
Again not hyping this up at all but this looks to be mirroring what happened last time. IRG hit 0.06 then two large trades, echo announce take over, share hits over 700% in 3 days.
We know they’re planning something so let’s see what happens in the next few weeks.
Good luck, to all of us!
Thats the only reason i have averaged down. If this was still in the same i would not have put in another penny. However with an announcement due soon on the growth strategy and the mcap next to nothing its worth a punt.
My average last time was 0.21 so when we went from 0.06 to 0.64 i was laughing, i did take out a chunk back then but foolishly left the rest in waiting on this golden ticket lol
Afternoon all.
Haven't posted in a while as this share has been a complete waste of space in 2023. Read the recent rns's and it sounds like Echo are looking to announce something soon.
This reminds me of IRG before it changed to echo. If any of the old investors are still here you will remember we went from 0.06 to 0.64 in 2/3 days which was a hell of a rise. Not saying the same thing will happen here but we could get a spike and fomo if something half decent is announced, this time i will be selling!
averaged down from 0.92 to 0.57, if i can get a decent amount back all is not lost. luckily crypto has helped me alot last year and i wished i had got in alot sooner than this bag of sh*te but we all learn our lessons.
Martin leaving was probably for the best as he couldnt do what was expected and was over his head by the looks of it.
Lets hope in the next few weeks we have some decent so us LTH's can finally sell up and move on with a bit of out investment back in our pockets.
good luck all.
Did anyone else read this? Don’t ask me why I did but flicked through it. Highlight for me was we paid just over $600k in director salaries for the year…. I’ll let that sink in for a moment.
Bonuses were held as there wasn’t enough cash… no sh*t.
It’s a mess when you read it. The only encouraging piece I read was on page 44 about being in advanced talks with a number of assets including outside South America… let’s see where this goes.
Good luck to all of us!
If you also look on companies house, you will see the latest documents on there are being signed by Amanda Bateman. she resigned in 2018.....
Lets hope Martin pulls a golden egg out of his a**e come September as we will need it if we are ever to see our money again.
Bitcoin aint going 10k. it hit 13k end of this bear market. Halfing is next year and its now on a upward trend. Should hit 35-45k by year end.
You are correct about it dropping from $64l but that was natural as it hit the end of its bull run.
My understanding of the numbers are perfectly fine. The disspointing part of his is your basic lack of understanding.
if i could draw a diagram it might make it easier but i cant so will put it in points for you to understnad clearly.
- debt written off ( around $7.5million £5.9 million roughly )
- £1.8 million cash ( £1.3 million now and a further £500,000 when we hit there targets could take a minimum 12 months maybe even 18)
- 5% retainment in an asset not making money
- oppertunity for % in an asset we have not had any info about and have no idea how much it will cost.
- also we dont know how much of that money we get will be spent of legal fees etc.
so lets break this down further, The asset in all frainess is worth north of £10 million, given its location, potential to expand and gas contract deals. not to mention the machinergy, tangable assets etc. Im sure i read somewhere given the size of the assett it was valued around $20 million ( £15.7 million ). Again though im not saying thatis gospel.
we have £1.3 million now and we clear the debt. ( $£7.5 million in todays exchnage rate is roughly £5.9 million )
Sothe deal to us is worth £7.2 million, that n ot including the legals fees etc which will probably bring it down to around £7.1 million give or take.
so we have no debt £1.3 million in the bank, 5% of an asset which is losing money. an asset we have no idea how mich it will cost or what investment is needed plus out director salaries and fees......
yeah great deal........
Again your missing the point. but to be fair im not sure how intelligent you are based on your current response.
the debt has been wipe off to a degree we still dont know how much was left. Last i heard it was below $7.5million But we now only have £1.8 million cash which we dont have access too all of it until certain criiteria's have been hit. Plus we have to then buyt into a columbian asset we know nothing about and at what cost?
this deal to some may look good as they have put shiny lights on it, nut to people who have been invested in this company for a while its smoke and mirriors. EMS 1001 was a great eaxmple of this.
your telling me thats a good deal.... whos blowing smoke up your a*se
Missing the point.
regardless of the debt been written off we now only have £1.8 million ( we dont get all of that staright away ) and 5% in an asset thats not making money.... this company will then been consolodated 50-1 probably to repeat the process of diluation.
No wonder LO sold out, they saw the mess this company was in and thought f*ck that.
No doom and gloom here. been sat on my investmenr with IRG/ECHO for 9 years now. this deal to be frank is f*cking awful. The asset alone on papaer would be worth north of £10 million yet we are selling it for £1.8million and thats based on futrure perfromanaces.... a monkey could negotiate that deal.
this new deal in colubian has been hush hush.... why? how much is it going to cost us to kick start it and how much more dilution is needed? poor show