Member Info for SeagullsFan

The current number of shares is 614m - so it then goes to 615m - really not an issue.

It’s a new brokers report though. Worth a read.

I bought a big chunk today and it took my average down from 20.6 to 19.5. I only bought in originally in May, but I can see the potential here and, compared to so much on AIM the level of risk is extremely low.

If the MM want to do some more drops soon, I'll be happy to buy some more off them :)

Very impressed with that - sounds like a huge amount of opportunity/upside here.

Top-up time I think :)

@Pjonesy

I feel for you - the view for the away fans was dire at Withdean. I think you deserved to be paid to watch from there. I was sat in the temporary seats.

Can’t believe what’s happened to Coventry after 70+ years (I believe) in the top flight. Just goes to show how fortunes can change over time.

Brighton were very fortunate to get a lot of support from supporters of many other clubs during those hard years. Many of us haven’t forgotten - some, I’m afraid have and have delusions (IMO).

Good luck to the Sky Blues and here’s to a successful few weeks for DM and his team.

@Jackthebear

I was maxed out on my ISA/SIPP so only bought a small tranche of there recently. A project of mine completed which freed up capital, and this is one of the companies I wanted to increase my holdings in. Been following for a while and I think I’ve been quite fortunate that market sentiment is ‘risk-off’ for exploration at the moment.

Yes, AIM is a risk but the rewards can be superb - ECR feels like a winner to me.

I’ve taken my time to do some research and read the board, so decided today was w good time to get a ore sizeable holding.

Simple answer is no one knows.
This is a unique investment. It is in the Goldilocks zone for HE generation (from within the earths crust). HE needs to be at 0.3% concentrations to be commercially viable - this could be up to 10%.
The potential size of this dwarfs DME for example, so this could be a £1, £2, £5, £10 share. Could it be more - yes, as they have other areas which have not even been looked at. It depends on your timeline.

The area they have is vast. Also, everything they have said they will do, they have achieved.

And this is not a ramp of the share.

@dai2belts

Dai - I think you’ve also contributed greatly to this board. I’ve found a lot of the things you’re researched/posted very reassuring.
And yes, you’re right. It has been a great board and maybe this will change (not in a good way) once we get the inevitable influx of new investors. No complaints though as, if that happens, we’ll be floating on cloud HE.

@pjonesy

I was a season ticker holder there for 5 seasons, getting wet whenever it rained. It was bleeding grim, but, somehow, the club got through those times. We’re very lucky to now have a lifelong fan as Chairman with a long family connection to the club. Not foreign money needed.

However, we seem yto be getting a number of fans with a sense of entitlement to success. Jeez, we’ve only been in the top-flight twice in our history, and this will be our longest stay. I’m loving the journey and appreciate where we came from.

@ST
I would not be surprised to see a very high concentration of HE here - whether it gets to 10% or not I’m dubious, but I would expect it to be in excess of the 4% DM has used in projections.
You’ve been quietly confident on HE1 for a long time - but without any ramping. Here’s hoping the next 2 weeks are life changing for all concerned.
Trying to really predict an SP now is impossible. How big is the reservoir and what are the concentration levels? Just want to get de-risked with my large investment here.

Oh and bad ass - yeah right lol. I bet your good lady thinks you’re a pussy cat :-D.

ST - play nice ;).

Well, it’s been an interesting few days with the drops after the RNS’s and then the pick up today after the interview.

This is hopefully the teens left behind and moving on through the 20’s quite quickly.
By 9th July, we could be looking at a very different company. Just the one discovery will increase the likelihood of additional reservoirs behind there, so this could get to £1+ in fairly short order.

Be interesting how the chartists see the SP going over the next few days.

I took the opportunity to add today. Only had 90k initially as a placeholder for me, but bought 610k to make it up to 700k as some funds finally became available.

Will be looking to add more as I feel confident this is only going to go up.

One thing to bear in mind is that the market is still in a risk-off mode and exploration companies in general are down.

So, with a 16% uplift here, that's good going considering.

Maybe this does bode well for the rest of the week - but in reality, all that matters is "DISCOVERY". :)

Thanks for the link.
Think I'll top-up with a few more in a bit (need to get funds available first) - get in below 22p and still a bargain now IMO.

@dbd

Really interesting post.dbd. Personally, I found that very illuminating.

Is this stuff you have learnt recently, or from investing in exploration companies in the past?

Hi ST.

I knew it was a low % and thought it was 0.4. But, 0.3 is even better :).

Next RNS should be the one then to make us happy.

@steven49

The risked value of the company is 25p/share. That's based on just these 3-4 targets.

I think there is either manipulation by the MM or there are large sellers who were in very early and are looking to get out before the results of the drill.
Just my hunch and yes, I am very aware if the fundamentals of the company as I've been here for months invested.
I'm not concerned by the SP fluctuations as I am confident - just find it intriguing.

@mj_analyst

Are you naturally stupid, or just practice really hard?
HE needs to be about -0.4% to be commercially viable - you are talking sh|te

Well, I must admit I am astounded at the movement in the SP over the last 2 RNS's.
The first was to announce the drill and now HE shows.
We were at 21.5 (approx) before the drill RNS, and now, even after the show RNS, we can't hold 19p.
Just be glad once the sellers have finished and then this does finally gain some traction.
I wonder if we'll get a further pick-up later today once the news articles are produced in regards the HE show?
GLA

@mj_analyst

Yes it is - it needs to be above 0.4% (I believe) to be commercially viable. However, we are hoping/expecting higher concentrations than this, maybe as high as 10%, but 2% is viable, even if not what we would like.
Of course, this is just shows and will not be what the concentrations will we want to see trapped.