RE: Investor Education19 Apr 2023 10:27
Taken from the ECR message board and I think this guy nails it on the head,
'A few problems exist here .Firstly there has been too much damage done by the rampers , and that includes Craig Brown, Alan Green etc . Secondly , AIM is absolutely on its a55 and has been in relative freefall since early 2021 .So if Ecr do find a commercial amount of precious metal , at the moment it's not going to make any difference. Look at Ggp , 38p down to 6p recently with a colossal tier one find . The days of 2020 are long gone .That was the time to make serious money .But because of the state of the world economy we will not see anything happening on AIM for a long time .And the reason why is because the banks ( worldwide ) have got most people loaned up to the max , and together with inflation etc there is no leeway .The banks and other large institutions have pretty much everyone in their pockets .And it will be a while until everything gets moving again .AIM at the moment is a dead duck ....Regardless of a company's assetts. Look at the values in 2020 and look at them today .The evidence is overwhelming.'
There is a lot of value in AAU, it is just not a priority for a lot of people to invest in it right now but when the right market conditions prevail, we could very well end up going places. In the meantime if we carry on diligently doing what we are doing on our projects I am optimistic we will see a lot of upside. I certainly will not be hitting the bid button until 2030!