Member Info for talkinto

BZ... whether the goal is short term or long term, anyone that buys shares is an investor. There are currently very few to zero invested on open market here whereby they will be happy with their current returns on ECR.

Yes it may come good eventually, it also might fall further... I'm stating it is not currently a good return for investors given it had made a painfully slow climb from this point over the past year to hit low .4's whereby investors buying into the hype would now be c.50% down. due to being diluted for acquisitions which are currently not showing the returns the management pitch led us to believe.

Appreciate you think today is good news but the market has taken another 10% off for a reason. I agree with the market's view.

Complete word salad RNS - very disappointing read and understandably the market has taken it down another 10%. Share price has now halved from its recent peak in the low .4's...

Not a good return for investors at all and no real milestone dates for production in site. This does not bode well given the hype on turnkey operation, early gold production etc. pushed by the board before and during Raglan purchase.

I'm invested here but not impressed with how 2026 is shaping up as we approach end of H1.

I'm in... current cash reserves equivalent to the current market cap and therefore ongoing business priced in for next to nothing...providing the transition in business model is successful I would also expect a very healthy rerate in 12-18 months time.

DYOR

And the chairman pulls out over £150k a year package to repeatedly deliver zero shareholder value.

It amazes me this stock is still going... it further amazes me there are still optimists thinking this company could make them rich.

DYOR.

5:1 today - I expect it to make a new high for the year soon enough ...ECR need to keep the positive updates coming though to bed in the rise.

Yes as I say it all looks compelling and I'm watching closely. It just strikes me as odd that they have not exercised options which would show confidence and they would a very large margin built in on tranche 1 at 0.25. At some point I'll reach out to them direct with some queries I have and include this query also - albeit I would expect a non-committal answer on that point.

Hi Elcobbledore - can see as you outline that they have share options in tranches of which 2/3rds are target driven. However I cannot understand why none have activated their first tranche which is at significant value to share price. Why don't they exercise is my query?

I've had the same thoughts - been watching this one for some time... I ask myself why the Directors have zero holdings in the company either if it seems such a no brainer.

I'm not yet convinced so still just watching closely.

Buys and sells fairly balanced today which surprises me. I expect a FOMO bit of buying as we head toward close - Positive RNS on Monday well ahead of deadline day would send a very strong message !!!!

Here's hoping they can over-deliver on the next piece of news.

The equipment arrived ?!?!? (just like the lithium was successfully exported). Play on words all the time here.

Apparently RRR have alluvial mining equipment on site for months but still don't produce anything when gold is highest its ever been and still keep diluting to raise more money. Sounds like good business logic...

I think this company is a dog. DYOR.

I've been tracking ECR Minerals who intended to set up an alluvial gold operation last year (just like RRR) - they did not have the money to do it and they had no equipment but within the year they have raised enough without scalping shareholders, bought assets and a licence, set up on site and now intend to be an operational gold producer within the month.

It just highlights to me that RRR are clearly very bad at this stuff if they are still waiting for the equipment to arrive from 1-2 years ago... I can't help but think this company will never ever give anyone a return on investment.... now a staggering 9 billion shares in issue and no indication that the dilution is close to completion. What does this company actually do day to day???

It shows me there are so many better investment opportunities out there rather than gambling on this poorly run outfit.

Now for the rampers to tell me its a different location, less politics, more remote - harder to set up etc - who cares...

DYOR

Not been here in a while but noticed a large drop pop up on my watchlist.

Death...taxes...RRR dilution. This share truly is a dog... nice to see Bell has secured his ongoing salary at the expense of LTH's yet again. What do you think he earns - £10-15k a month?

Is he still chasing that imminent payment and waiting for all the equipment to arrive in Burkina Faso?

Comedy gold...

Zebbo I was just thinking the same - why would a turnkey operation in a safe part of the world be available when gold is at all time high and still on a bull run?

Why don't they just focus on investment and management time in BM if it has such world class potential, then look at acquisitions once they are revenue generating?

Chicken & Mushroom Pot Noodle... 75p in Morrisons

DYOR

Would like to hear a little more on the tax loss situation.

They had multiple parties interested back end of last year and decided to partner exclusively with one which fell through.

Why have they not engaged with all parties again - was the initial interest not actually strong enough to update on?

I ask this as I see the sale of the tax losses for a few million as very beneficial to the company, more importantly the current shareholders at this stage rather than being utilised by ECR further down the line on production.

If ECR hold on to them then the cash needed to get production going will initially harm / dilute shareholders via a placing or possibly via JV which lessens the returns.

Thoughts on this all?

Jeez...looks like a permanent earthquake in Kinshasa...either that or bell has got the shakes big time !!!

Legohead has retired from interviewing Bell and given it to the apprentice who looks like he's just woken up and been given a Monday initiation punishment rather than a hairbrush...

8.24...not yet had an offer on ivory coast because our geologist's father just died.....it's pure comedy gold. Shame no excuse came on why Faso is dead...could have had me on the floor with giggles with one more zinger like that.

20 minutes of waffle...Bell has played shareholders like a fiddle...the end game for current shareholders looks imminent...certainly more imminent than the DRC payment.

DYOR / IMO

Oh Stephen - why do you resort to petty insults when you struggle to debate. Did you or did you not quote that it was just weeks away last year based on the same prevailing information at the time.

I could retaliate with insults linked to you being a 70+ year old failed investment advisor going senile and quoting you'll be a millionaire off a tin pot aim listed company that's likely to be in the wind before you are even make it to a retirement home... but I'll refrain.

Instead, why don't you tell us the story about RRR's gold, or better still the one with RRR's lithium exports and the Chinese buyers... we all like that one.

zzzzzzzzzzzzz

Lol - groundhog day from your predictions of just weeks away on El Limon a year ago...

One thing you learn as a PI with RRR is never predict or hold your breath for good news - it can lead to severe wealth erosion.

7 billion shares now and practically guaranteed to rise again this month with another dilutive event IMO.

DYOR.

Have bought back in here this morning with opening position of c.2.7m shares...

Been in and out numerous times over the years and have various views (both positive and negative) about ECR but for now I see some short term uptrend potential and I take comfort from the reiteration of being fully funded for another 4-6 months.

I will of course watch the upcoming releases closely and react as required.

I bought into the appetite, attitude and talk of turnaround / production of the current BOD but soon enough begun to see that whilst the BOD are very polished in front of a camera there seems to be little substance or pace in the action on the big ticket items - I'm discounting asset disposals and ongoing sampling / testing which is all good stuff but not going to make anyone rich.

I've been in and out of ECR over the years and now seems to present another decent buying opportunity IF the board can deliver a clear strategy with nailed on time frames - not jam tomorrow potential / more sampling / testing etc.

Separately, IMO they do not have a queue of businesses lined up to buy up the tax losses and all eggs were in one basket with the prior company - no mention of the 50k fee they were required to pay either after they walked away -this was disappointing. If the loss was in demand ECR would have been announcing a bidding war / updates on progress but its gone quiet on that front. I am pleased they have withdrawn from the additional business purchase.

BOD are still taking shares as partial renumeration which suggests they see value in the company and this alone keeps me interested but I'd just like to see more meat on the bone materialise before committing my funds. I expect my views may mirror others sitting on the side-line watching with interest.