The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sausage, no they don't need a completely independent report, look at eurasia, look what happened there, look how the sp went from nothing to 43p, based on two reports from ACF and a lot of ramping of course. If eurasia can do it, then we can, and I wish they'd take a leaf out of eurasia's book! And you're incredibly slow if you didn't realise who Andrew Scott was before now!
https://acfequityresearch.com/
FSP for the whole company is the way forward. There is no other way forward. Then see what comes of that, and in the interim, as the sp rises on potential sale of asset, assets or company, the company can place and put more coffers in the bank.
A formal sales process is a sell-side sale process run by a public company which we are. The sales process involves qualifying, nurturing, and converting a lead. The sales process typically involves the following steps:
Prospecting for leads
Contacting prospects
Qualifying leads
Presentation
Addressing objections
Closing the sale
Follow-up
I go back to what I said two days ago about Eurasia. They need to follow a similar path to that imo. If they announce a formal sales process, and say they have interested parties, and by all accounts they do have interest, then the sp will undooubtedly climb on expectation of a sale, and they could raise at various intervals throughout the climb. If no one then enters the data room, they can close down the fsp, simples. If Eurasia have been able to get away with it for as long as they did, then why shouldn't ecr follow suit? They need to employ the same tactics! my views.
If they've had interest, just enter an FSP, see if the sp rises in anticipation, raise as sp increases at various intervals, if they then got an offer for the Victoria assets alone, and it's a good one, they can decide whether to put it to shareholders and see? or keep it but then abandon the FSP, but the sp will have hopefully risen in the interim and they will have been able to raise more funds. That's what EUA did, and they didn't sell a bean, and had virtually no production either. Entering the FSP would be legit if they are prepared to see what interest they might get in say Victoria alone? If they got a very good offer for the whole company, well who knows, but that's unlikely of course, but yes, Victoria is a possibility, but why not make it public?
Takes so long for a junior explorer to get through to production though, years and years, better they play the eua card, put themselves up for sale, sp starts to climb, they can do raises as it climbs, and more likely they will attract JV interest with some money stashed, and then we get to production faster. There's enough shares in circulation to create an awesome market if they got things moving, but they need a boot up the backside to play the game! Proper PR on X is a good way to get the ball rolling, Shaun Day at GGP is using that effectively, but EUA really played the blinder didn't they!
Perhaps they should play an EUA card and say they've put themselves formally up for sale, that will shift the sp, and in the meantime, work towards JVs and production. If EUA managed to spin it out for so so long, like 8 years and counting, then why on earth shouldn't ECR? plus EUA's sp rose from the ashes to 43p, so if we had a dose of that here, I think we'd all be celebrating!
Just listen to that YouTube vid again of AS interviewing MW 4 months or so ago. MW simply cannot contain himself, look at his smile at the end. And remember he says "outsiders looking over our fence as look in to theirs"! So so much to take on board in that interview.
ECR Minerals #ECR - Review of Lolworth Project - YouTube
I am not connected to anyone here, so keep me out of it, I think it was Dan asked yesterday who are our neighbours and I had a look at various maps and who was mining around that area of Queensland. I've been accumulating shares for a while with the hope something good will come here. Having been in other mining stocks over many years, the natural progression would be to acquire a JV with one or more bigger outfits who can help us to advance to production quickly depending on what is found. That is why I was saying they need to JV fast, especially with the price of gold as it is, and the fact that economically, we have a number of wars in progress, which always devalues paper money but raises the prices in gold, silver and other commodities.