RE: Lifestyle Companies13 Dec 2022 09:18
Wow , there are a lot of people on one over the last 24 hours on here.
If the Directors were running this as a lifestyle company then there would be very little non-salary expenditures so that the cash lasts as long as possible.
ECR have invested in a second rig, been drilling pretty much non-stop , acquired the Lulworth license and brokered the Placer deal.....not an inactive lifestyle company by any stretch of the imagination.
Someone slated 'The optimistic posters' or as I like to call them , 'investors' .
If you have shares here and think that the shares will go down then quite frankly you are a fool to stay invested.
The same as if you are invested in a company in which you have no trust/faith in the BOD.
Or you continually bash a share you are invested in ......all idiotic moves.
the naysayers have cycled around the same negative cycle all year - placings (the herd got it right on the 4th time of asking this year) - lack of news (usually when there has not been an RNS in the last 48 hours) - lifestyle company (covered that already) - lack of skin in the game (even though they have been in a closed period since AH took over) - and 'look at all the negative sentiment'(which if you look back are generally confined to the same half a dozen posters).
All quite predictable and quite tiresome.
We have -
*Decent initial results at Lolworth...will get a fuller picture once we get the remaining results and the soil samples (from the source ?)
* Further Blue Moon drilling result due any time ...from the holes drilled nearer the original 2019 drilling and this should hopefully indicate the 'ore body'
* Creswick sampling results that should give a better indication on the extent of the potential resource there and provide some good drill targets there (the more info we have there , the more chance of another interested party approaching for a possible JV...10km is one hell of a strike length).
* Hurricane......let's see what the plan is to complete the DD in 2023
* 2nd drill deployment....get confirmation of when and where this will be deployed.
* possible further disposals, the remaining property and Itagon if a decent offer comes along.
So plenty coming down the pipe over the coming weeks/months