RE: Ecr minerals30 Aug 2024 09:03
Hi fiscal,
I didn’t know that., but just read their RNS! There are much better potential partners out there for Nick. I would rather the M3 board took over. They have done a cracking job on a shoestring!
M3 ideally only need 2.5m for a new horizontal well that would transform production. Once they are making a clear profit, after Rost, they can tot up the reserves and do an RBL or part RBL part equity. SP will be way over 6p so they will also have the warrants.
No need to merge his two toys together. He obviously realises Ecr, despite all the ramping, is a money pit!!
They could even merge with Pulsar Helium, (cve:plsr) which is also getting ready to IPO in London.
Let the M3 boys run it imo and not the ramper Alan Green!
Usual caveats
Trek