Member Info for uinsionn

Someone still happy to pick off all the sellers everyday , means when the news comes this is going to be tight

Someone happy to mop up all the loose shares here at the end of each day, all it means for us is when the Jv news on abbeytown and the 2 drills in Sweden and Finland come it’s going to move very quickly, we might get a tr1 soon too.

Nice bit of mopping up at the end of the day, onwards and upwards, nice to get a bit of house keeping done down here, increasing volumes a good sign

When they announce the Jv for abbeytown this will be one hard share to buy, I would imagine the best place to be is in before the news and ride it upwards

Fully funded drills in Sweden and Finland , funding provided by Centerra gold our partner there, Centerra gold is a 2.5 billion Mcap Canadian company, we own 70% of the assets
Jv announcement on our 100% owned abbeytown asset, which is zinc,lead and silver, the asset has professed well and is looking like a commercial asset as per recent Rns
The company are also looking at a more advanced project in the gold copper domain.
Cash balance of 2m
Strong BOD
Funded for 2019 as per Rns
Low cash burn, even to the extent of the company off loading neds that were not adding value
David hall owns 22% of the shares
Cornerstone investor 2 billion Mcap company in Canada Osisko own 19% of the share
2.5 billion partner Centerra gold providing the cash to advance asset in Sweden and Finland
Operating in good areas with no conflict and good infrastructure
All updates on time and on budget
Going about there work in a very professional manner
Listed at 25p

IPO’d at 25p, a market cap of £7.75m, cash of £3.5m, so EV of £4.25m. Current mid price of 5p gives a market cap of £1.5m, cash of approx £2m so now has an EV of £zero

Given that the story hasn’t changed (and has in fact considerably improved in the case of Abbeytown), where has the £3.75m of EV gone? Seems weird no value for the assets which has nothing but positive results and now has proven extension lines

Yip cash higher than Mcap and asset value

Sea of blue trades so far, free float is small, but so undervalued, anything around here is still a bargain. Let’s see how sticky it is, people giving it a breather then buying but it could go on a huge run from here and honestly still be undervalued

Updated presentation from Monday, https://www.errisresources.com/presentation/erris-q3-corporate-presentation company looking at JV for their abbeytown project, we got fully funded drills upcoming in Sweden and Finland too, way undervalued here

I have taken a position here over the last 2 weeks, seems like there is a very positive story to come here yet, good update today with sales up over 25%, good comms from the company, not a very rampy RNS with the word slow and delays being used a lot, but it means the company is playing with a straight bat, cash position is currently strong too

Doubt there is 9m shares around no a few who been locking these away last few months, sticky holders, whit Sweden and Finland free drills and abbeytown Jv announcements come imagine big rerate here

strong period coming with results, can see double digits coming here quickly as we build to newsflow

Next wave incoming, correction wave finished, should go over 3p on this wave, book turning bullish

We have updated our valuation to £69.4m or 26p/share, from £63.5m (24p/share), due to the impact of a stronger dollar on the dollar-based comparative transactions. All underlying assumptions remain unchanged. ETX expects more collaborations, and more visible transactions than the Novo collaboration and we would expect these to be incorporated into ETX's valuation when they occur.

Looks nailed on for 100% plus today, Woodford Rns could land today and boom

Should get confirmation today that Woodford is out then the fireworks begin, this will be a winner as it’s way oversold

Good update, valued below cash position, cash burn low, free plays in Sweden and Finland funded by our partner, abbeytown well advanced and looking to bring in a partner there to advance that project, everything advancing well, Mcap silly here considering the abbeytown project has been developing so well and we have a cornerstone investor which is a company with a 1.5b Mcap

I have taken a few chunks the last few days think we can see a big reversal here

Think a few have taken positions here recently, but agree sit back enjoy some music, the company haven’t been wasting cash and going about their business on a project that has been progressing well, Anton recently said they will be looking for a partner to come onboard. If we get a partner announcement with the low free float in herethis could go mental on the right agreement, we know the guys involved in here including Anton have some great contacts in the industry and a proven record of selling and getting projects advanced, so happy to sit back and wait on the news.

Erris Resources has carried out extensive work at Abbeytown over the past year. Re-entry into the Abbeytown mine, mapping, sampling and underground drilling has significantly improved the Company's understanding of the geology and potential of the project. Excellent results have been returned from surface and underground drilling and recent soil sampling has greatly expanded the footprint of the mineralising system to the south of the Abbeytown mine. Mineralisation is open to the south of drill hole ERAB005 with several new targets identified. Furthermore, results of the preliminary metallurgical analysis show that clean saleable concentrates with good recoveries can be produced at Abbeytown, while the material tested was relatively soft for milling and responded well to a standard flotation process. Access and ground conditions in the mine are very favourable, while future development would essentially begin in a mineralised zone within the underground mine. This could reduce the amount of pre-mining development required should a sufficient resource be identified to advance the Project.