RE: RNS - Result of Annual General Meeting31 Mar 2026 08:57
Nomlas, The company are in no rush as they are cashed up and if Raglan covers G&A then they will have plenty if options moving forward.
The company will do what's best for the company in the long term.....they'll take a few extra weeks to expand Phase 1 / Map Phase 2.
They'll release results when they have a full set of results to give a full picture and enable a re-calculation of predicted revenue.
Remember the BOD are mostly paid in shares so they have plenty of skin in the game and are interested in building sustainable growth over the medium to long term in the share price.
Never truer was the saying "Traders watch the SP, Investors watch the Operation" than the current situation at ECR
There's a very clear short, mid & long-term strategy that the company has laid out:
1. Produce at Raglan & cover G&A
2. Produce at Blue Mountain and generate significant profits
3. Use profits to accelerate exploration at Lolworth to provide a resource estimate proving a district class mining operation.