We would love to hear your thoughts about our site and services, please take our survey here.
Maybe burning is too strong a term… but by obvious nature of being a developmental stage The company has a race to develop the revenues whilst trying to Minimise cash burn…. Some lower risk investors can bide their time over 2023… sure they might miss some of the upside but even if the SP doubles from here they will still be cheap…. Picking an entry point is a luxury for those not in the stock
I think a lot of traders have just aligned to this value inflection point of FDA approval & then LTHs looking to get out on positive news…. Bottom line is a company that is burning cash and not generating much revenue… investors can wait until this derisks further to get in / back in & still do well. I think this is the situation we are in today
Got caught up in the hype of 2022… haven’t sold a single share and starting to feel a lot more optimistic for 2023!! AH seems very structured putting the building blocks in place… quite unbelievable that so much prospective licence area is only worth £10m… the extra licences must be worth a few mill and these are primed now for 2023!!
Glad to have waiting this out the extra year. The SP was over £1 prior to approval last year but before bear market and an extra year burning cash…. I’d say 80p for starters with approval… they said they wouldn’t be sitting on their hands whilst waiting for approval either so hopefully a string of commercial deals contingent on approval can be announced… might get a super charged RNS or some in quick succession
I'm the trouble starter, punkin' instigator
I'm the fear addicted, a danger illustrated
I'm a firestarter, twisted firestarter
Unfortunately Gfinity have been found reaching. Try to make it and drive it up… but still £2m loss shared the heck out of me… I thought we were meant to turn profitable within the 12m….
Seem to be delivering…. Would be nice to see a re rate
Ok I must be a gambler as I didn’t know this stock until this morning and just felt it might all blow over and a 50% discount to NAV is a massive negative revaluation before book value is breached compared to current SP…. A week from now could be a quick gain
The market has dipped so we are stuck with the property unless we want to capitalise a loss
Do we sell the Victoria licences to pay for this?
If not mad then brave….macro economics doesn’t change the Geology. My concern is they really need to confirm some true value in the assets… plenty other small cap explorers further along and cheap…. Why buy ECR when you can get less risky miners at knock down prices
I think our valuation issue is long duration assets in current environment & looming recession. Amapa needs strong iron ore price and moving to mining phase has risks.
CEO said they wouldn’t waste time —- ie start commercialisation prior to approval rather than wait
I like Andrew’s approach…. But I’m gobsmacked that ECR went and bought 3 properties that were ultimately a wasted allocation of resource…. And that there is now an honest assessment of where the company is at…. And that it almost feels like back to the drawing board…. Hopefully Blue Moon can deliver, but why weren’t they back here earlier?
Convince yourselves all you
Like but this is a busted flush
Blue moon
You saw me standing alone
Without a dream in my heart
Without a love of my own
Blue moon
You knew just what I was there for
You heard me saying a prayer for
Someone I really could care for
And then they suddenly appeared before me
The only one my arms will ever hold
I heard somebody whisper
"Please adore me"
And when I looked
The moon had turned to gold
They just didn’t give us a chance to offload at 30p…. Kiran was an early mover with the placing before the dust could settle!
Anyone looked at the photos on LinkedIn…. Colin and Phil in there somewhere? Who’s the man in the hat… could that be Colin ?
A good day to accumulate