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Let me put something straight as there is clearly a lack of understanding about. They only get remunerated above 0.175p, if they raise more money, above 0.175p then that will then be the new base price for them. They can't and won't do a raise below 0.175p because then no one gets paid. Everyone loses

In addition they are in process of intense cost savings plus looking to boost cash resources from property and inventory sales, which will bring more cash to company.

Lastly, someone talked about no drilling till next year. In Queensland they have got an extensive field work & sampling programme lined up. There are some real hot Gold zones so we will likely get to hear more about that shortly. As for drilling its likely they will start doing work over in Victoria on the drilling front over the coming months.

Lastly there has always been talk of acquiring another asset, it won't be for cash it'll be for paper to preserve cash resources. But it will the nadd another string to the bow

Its going to be one hell of a journey from here. I get that some will always try to find the negatives, retail like to be max bearish at the lows, but there is very little priced in at this low valuation. The signs are there for a fantastic reversal play

Long term shareholders deserve it after the shocking past couple of years

They will be cracking onwith some work ASAP and looking at new acquisitions

Switch off till next year and come back to a 1p shareprice probably

Its crazy that people are still finding negatives.

£200k per year for 4 directors in shares is nothing. Most of these AIM companies have CEo on £250k per year and then other directors taking out large amounts of cash. The fact its been taking in shares rather than cash is fantastic news

You can't expect people to work for free. If the company delivers and the shareprice moves north everyone wins. If it doesn't everyone loses

Its as simple as that

Yes i'm happy with that. My biggest bug bear is companies that directors have fat salaries and spend money for fun. This is a good start with cash being used sparingly

Lulworth and Hurricane agree have huge potential and at this valuation makes ECR look incredibly undervalued

Also hints of value adding acquisition which would also shake things up nicely

I think it'll take a few days to digest but a sticky placing gives the company cash in bank to go and add value across their multiple projects in teh near term

The change of management team is much needed given the terrible leadership Andrew amongst others showed

We have some fresh blood and new ideas at the helm and i don't see, at these prices, how anyone can be anything but positive

No guarentees but the future definitely looks brighter

Well it was 0.2p and there was no justification for that looking at their assets, it was the negative sentiment and uncertaintity regarding cash & direction

Now Cash & Direction have been cleared up to a certain extent i expect to see this build in anticpation of whats in store next for ECR. They have money to go and do something tangible with and i think the market will see that

I am expecting lots of noise from the company in the weeks ahead so lets see

Watch what happens next. This will be trading up at 0.5p in the coming weeks

No real selling appetite despite being 17% up, which is a very good sign.

Would expect the drum to be banged and newsflow to come thick & fast now.

Shareprice no doubt will rise from here

You can tell by the price action on placing announcement, and the quality of the book, that this isn't going back anywhere close to 0.2p or lower

More likely to see 0.4p+ in coming weeks

New board and some cash in bank. This should never have been trading down here in the 0.2s

Long term suffering shareholders should have a much better 6-12 months ahead

I've bought some this morning. I like it

Big news coming?

Watch this space. Think will do 100%+ before end of month. Don't be left behind

Looks likely. No stock about

When they start buying stock in market using some of their existing cash its going to go mental

Its hard enough to buy £5k let alone £500k+

Looks like book firming up and offer quite thin

That final flush back into 0.8s this morning appeared to be the final seller capitulation

Wouldn't be surprised to see this back above 1p today

Will go whooosh when that happens

Very little stock under 2.8p. Bids increasing as well

Looks pretty damn silly at £5m after this news. Cash is 3.5p and the rest of their investments are valued at 0, which we know is not the case. Wouldn't be surprised to see some director buys now before share buyback kicks in

Looking very strong here. Market is bidding for stock so we may see this tick up and big buys delayed