Member Info for SnipVW

It makes little sense for a company such as ECR to spend so much of its capital on buying land such as this. If they know the results and have not released them to the market, then that's bad. If they don't know the results and are buying on speculation, then that's bad.

Again, show me another company that has purchased land for exploration activities? He has spent £650k on a potential decline when it's not needed. What's the bet that these 2 properties will be sold for considerably less than we have paid for them, to a Chinese investor.

You speak as you know him for many years, how long have you been investing in companies that CB has had a hand in? Where were those mines that he set up so successfully?

I'm hating being negative but the rubbish that is constantly posted on here by people who have no idea what's going on on the ground is remarkable and needs to be checked.

in what way am I? $1.25m on both of them. If anyone can provide evidence of small miners buying land packages whilst exploring said land, I'd be happy to see this and what the results have been?

TS - what are you talking about? You are completely hypothesising as to what's happening. Also, show me another miner who has purchased land in the same way ECR has? At this rate we are going to run out of cash very soon, buying property with 30% of our cash position is foolhardy.

CB has made a few dubious errors in the last 9 months and is coming across as a bit of a fool now. He needs to turn things around and quickly. I would also like to see an updated share register to see exactly who's behind us and really controlling things.

Oh, wait, someone has to remind us of the delays from the labs!! There are plenty of miners returning assays over the last 6 months so I'm not buying this 'delay'.

What's this speed and flexibility you talk of? Can't see any from where I'm looking.

Cool. Last time you complained Uggy we had significant news released in the next week. Let's hope for a repeat.

Feels like if we close over 12 today and hold it tomorrow, we have then reached our new bottom.

The broker report today valuing at 37.5p still has no value increased for 2 of the Finish projects that are progressing, or for recent developments with Disko, or the fact that ilmenite prices continue to hold above $360.

Really undervalued now. I hope & expect that we now start climbing upwards.

Nice to see Rio Exploration is continuing to hire people on a permanent basis in Finland, the most recent being a Senior Project Geologist early this month to add to the Project Operations Coordinator recently too.

Senior project geoscientist Finland
A key role in growing exploration team
An opportunity to provide technical and operational input into design and execution of exploration programmes
Supported by a well-resourced global exploration group
Based in Helsinki, Finland with significant time in the field and project sites across Finland
Rio Tinto Exploration is currently early stage Ni-Cu exploration with a group of prospects ready for target definition and target testing.

Apart from looking a bit dishevelled, I thought that was the best interview I've seen of him in 18 months. Everything going on around the drilling seems to give a high level of confidence but we REALLY need some good drilling results. I'm not buying the nonsense of others that we are trying to map around the resource, we need to hit good gold at reasonable lengths. Also, the block listing should have been addressed.

£12.65 paid after hours. Heading quickly up to £20+

The 13th is important for mining/exploration in general for GL, consultation closes. This is of course directed at GGG and rare earths but will give a wider understanding of what's happening. Will be interesting to see if they allow the Chinese to mine elements out with Uranium, or if it just puts the project to bed. My bet would be not going to happen for them, too much US pressure.

https://govmin.gl/2021/05/the-consultation-period-for-kuannersuit-is-extended-until-13-september-2021/

Nice to see you back Uggy, I've missed your negativity and complaining as it generally helps the SP rise.

They really need to get a grip?? hahahahaha

I feel we are at the bottom and would like to buy some more shares but the persistent 400,000+ sales keep on coming. Thought we would have been done with this by now. A proper update on all issues would be greatly appreciated CB

Massively growing market and only a few real players with significant and deeply ingrained products into enterprise customers. How much would it cost to accumulate the knowledge, staff, and customers that BP has, and over what time? This company is worth significantly more than £2bn. Happy holder since £3.20

Haha, the final kick in the teeth from VDTK!! No, still quite happy. Volum is low as is the number of trades, almost like it's being manipulated a bit? I'm not a bitter person though so do genuinely hope it goes up for all invested. GLA

£25 +

There has been a lot of work done and paid for already that goes into a DFS. The engineering reports, all the groundworks, the site breakdown and removal, all will go into a DFS. It's not like a company suddenly gets to this position and has to start from scratch.

Going by other companies that have been made similar offers from the US, I would hope we will have significant news soon and then a further 2 months of waiting for confirmation, and most likely construction date now of next summer, and maybe if we are lucky we can get one shipment processed next year too. If not then with a year-round site, we will be sitting on a lot of product come 2023 ready to ship.

If we have an AISC around $100 as expected and at $250 @ 340,000 tonnes = $51,000,000. Our current mcap is £117m/$160m. This is some easy maths - buy, buy, buy...

Dundas - project 1 of 7.

I've now sold, had enough of this misery. Good luck to all genuine holders, hope things turn.

Grounded?? They are underground!! Dead and Buried.

Current cash position against burn rate?
Administration expenses?
Cost of sales v actual sales?

Who is going to invest now?? They've gone through everyone they can, nobody left? At this rate, they are done before Christmas!