To summarise today's BB waffle19 Jan 2023 16:04
There are no/very few shorts on ECR
'Everyone' is not selling.....7 trades in a day is not a mass exodus
In the last 6 months ECR has traded between 0.6 and 1.2 so we are mid way in that trading range....the SP is not in freefall.
Ah is fully committed to ECR ...the only company he is a CEO of.
In the 8(ish) month's he has been in the role he has re-shaped the strategy of ECR, looked to dispose non-core assets, ordered the second rig (should arrive this month for refitting), identified the excellent opportunity at Hurricane, ordered the full bag retesting @ Creswick and we have had the extensive soil sampling at Creswick (identifying parallel system) and Lolworth (good initial results...more to come, and identification of other mineralisation)....the boat is definitely heading in the correct direction.