Member Info for ThePunter1

What makes everybody so sure people have 'missed' the RNS? Perhaps they dont consider the grades as awesome as we were hoping for. Try to have an open mind. I am not saying they are bad, but imo we will need a good gold content on this one.

Good on you Intothemystic.
Best strategy I have found it lots of research, buying and then sitting on your hands to remove the temptation to attempt trading. That for me has been far more profitable than second guessing every movement. Less stressful too as long as you dont keep refreshing the share price.

"BTC being pushed down just means it will rebound up"

Or perhaps it was pushed up and now its dropping down.
Pays your money takes your chance.
Tick tock tick tock.

I am pleased with this Appointment of Joint Broker

"With the current cash position ECR currently has no intention of carrying out a placing."

But why is there the desire for "enhancing market awareness of the Company, notably in the institutional investor community."

I do have one theory myself but I am keen to hear other opinions.

"Well they're doing their best to hold it back"

Its up 25%. How is that holding it back? People do say the most bizarre things on AIM chat boards.

How is he talking the company down? He said the following.

"There isn't going to be much middle ground with this share. Without sales there is no way it get's near £1. With sales it will far exceed £1."

"I’m here long, but ffs this share is manipulated to hell and back by the MM’s."

It isnt. it just isnt!

What do you think the MMS have to gain by manipulating (as you call it) a share thats had less than 400 trades in the first two hours of the day? Nothing, thats what.

I dare say the drop is caused by some earlier buyers realising their profit, and many who bought into the spike losing patience and selling. The AIM is full of spike followers rushing around losing money by chasing the latest riser.

The RNS was very good news. but drilling is a slow process and most AIM junkies want instant gratification and profit. So sit tight dont analyse every price movement to the nth degree and wait for the next blockbuster RNS.

Enough with the conspiracy theories. Some people buy in and some people sell out. Its not being 'held back'.

I dont think you can use the $8000 spot price of copper for calculating valuation. We dont know the finer details of the buy back agreement but I doubt fair market valuation will be $8000 spot. Dont forget that AA have to get it out of the ground and will want to make a profit on it. If they cannot make a profit there is no point them buying it.

"Recent history has shown that gold is actually not as good to retain wealth due to the levels of manipulation, hence the use of BTC"

Who regulates bitcoin then? A name or company will suffice.

"1st Bitcoin is limited , it’s supply and demand because supply is reduced and demand is up hence the increase in price. Basic law the more of something there is the less it’s worth. "

Bitcoin has always been limited. It was limited when it went up to $19k late 2017 and was limited when it crashed back down to $4k late 2018. Therefore that cannot have been the reason for the rise.

Stocks rise because of good news, or due to increased dividents. Gold and silver rises due to supply/demand swings and the fact it has uses in industry. Bitcoin only rises due to demand, and the demand is created because people think they will be able to sell it for more than they bought it. In order to do that you need to have an endless supply of buyers willing to pay more than the previous person.

""Does everybody else take this as Craig Brown believes from the 18th January, a deal for Creswick could land on the table at any time?"

No. 'Deals' do not land on tables, offers land on tables.

Deals take lots of back and forth discussions which I dont expect PIs will be privy to. If it ever happens the first we will know about it will be a little (1) next to the RNS tab, so it might give the simple impression of 'landing on the table' but thats a very long way from reality.

"Extra fed and fiscal stimulus means devaluation of currency. As simple as that.. purchasing power of the currency goes down. Assest purchase power goes down and hence good for gold and bitcoin.

I rest my case"

I am still waiting for any coherent argument as to why bitcoin SPECIFICALLY will increase with inflation.

Lets try a new question, perhaps you will be able to answer this one. Why if bitcoin is a hedge against inflation did bitcoin fall significantly from its late 2017 high and take 4 years to reach that high again?

"Currency ( read $ or even € ) are no longer safe haven because it gets devalued meaning the purchase power of currency goes down."

But you cannot purchase your shopping or pay your mortgage with bitcoin. So fiat currency still has infinitely more purchasing power than bitcoin.

"Exactly the same reason why a 10p Freddo 20 years ago was alot bigger than a 10p Freddo now - the 10p is no longer as valuable due to inflation - not hard to understand as an investor?"

Okay right so you are saying EVERYTHING rises with inflation? So then it doesnt make any difference if you are holding bitcoin or the gearbox for a Ford Mondeo?

Ok I will bite.

"BTC will increase, significantly, as a result of both inflation/devaluation of currency and demand"

Can you elaborate as to WHY the devaluation of currency will increase bitcoin value?

Thanks for the insight Carribean

I have now answered my own question about the funding having read the recent interim report September 2020. All sounds well on the finance front for a while yet. Sounds like the planned drilling for 2021 at the very least is covered. Good news indeed. A few more drill results like the last one and I cannot see this having around at a £10m valuation for much longer.

'Post period end, in August 2020,the Company raised £1.5m in a placing of zero coupon convertible loannotes convertible at 2.3p, with warrants attached. This additional funding will enable the Company to develop its targeted exploration campaigns across its key projects over the next 12-18 months.'

To see how this only has a Mcap of under £10m based on the recent drill results. Anybody shed on the light on this? I wonder if its because its main market rather than AIM listed and the herd have not picked up on it. What is the current funding situation here?

I think people would rather have a great selling opportunity.

Please buy a better microphone for your podcasts. You have a massive story to shout about, so people should be able to understand every word.