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https://investegate.co.uk/erris-resources-plc--eris-/rns/further-high-grade-gold-targets-defined/202004280700070385L/

MMs are just collecting shares off mugs before the next move. Less than £2.4M market cap with half that in cash. Dirt cheap.

Shake before next leg. Few shares in free float and tiny market cap. https://www.youtube.com/watch?v=Xnq6ZqrsO_A

Sammm, ERIS was at a DISCOUNT to net current assets at yesterday's close, so the asset backing is excellent.

Which also suggest somewhat of a short squeeze.

Wowzers! That's MEGA bullish.

20p is my thought too. Might have to wait a day or two.

Also, this news couldn't have come at a better time with interest really picking up in the gold mining sector.

10p would still only be £3M market cap. This is incredibly cheap.

Still only £1.6M market cap even after the rise. So cheap.

Correct. Based on the last result and adjusting for admin costs ERIS was sat BELOW net current assets per share at yesterday's close. Excellent gold grades, safe jusrisdiction, gold hitting all time highs, tiny £1.48M market cap and almost completely backed by net current assets at the current price this looks a STRONG BUY. Buy on pullback, add on momentum.

Indeed. You don't always have to drive fast to have fun. My MX-5 has nowhere near that grunt, but rowing through the gears on a windy road is sweet.

Hope that wasn't you doing 154mph on the M1. 'I was going to the Waitrose at the motorway services officer.'

to push up stocks.

How do you know that? Guyana farmout to Total?

And if you want a sporty drive to the supermarket the bends are free of traffic. ;)

Slift, I agree. The solution for lower prices is lower prices. Bankruptcy makes for healthy capitalism. However, it seems that Trump does not want to let some/any of the oil companies go bust. I guess the price recovery will be a combination of Fed asset purchases, industry bailout, bankruptcy of lower quality businesses and demand pickup as lockdowns are lifted.

We have already seen huge bailouts, massive money printing by the Fed, the Fed channeling funds to other world central banks and central banks moving into the markets to buy stocks and other assets to prop things up. One thing they have not been able to do yet is prop up crude because the oversupply due to lack of consumption is creating the real world issue of lack of storage, which cannot be solved by money printing and has manifested itself in the oil futures markets with negative prices. In the mean time, the rest of the markets and the oil stocks are being propped up by central bank largesse. Once lockdown start to lift and the demand issue start to sort itself out the oil price will stabilise along with the rest of the market.

Yep. Just think about it. Oil price tanks into awful oil company results >>>>> creates huge pressure for oil industry bail out package >>>>> package is granted >>>>> sector soars.

Crude price didn't drop on the NYSE open, it's been dropping since the futures open late last night. -30% for WTI and -10% for Brent sso far today, but hardly any move in TLW or any of the other major or front line junior oil producers. Market knows Fed is propping up stocks, that Trump has requested an oil industry bailout package and that the oil sector will be propped up and pushed higher to support the banking system as the banks have lent large amounts of money to oil companies and are on the hook for big oil hedge payouts if the price of crude stays too low for too long. In other words, oil and oil stocks will be pushed higher.