Member Info for uinsionn

Heard Anton is doing a podcast, must be news on the way, hopefully good news on brannberg or update on Irish mine or funds from our Jv partner, plenty due, will be nice to hear what the new guy has planned here with regard to progression

KEY POINTS
Raised £4 million before expenses to develop what the directors consider to be a highly prospective portfolio of zinc assets in Ireland and gold projects in Sweden and to identify and acquire additional exploration opportunities that have potential to significantly re-rate though exploration
Strategy to create shareholder value through early generative exploration and discovery and advance projects via joint venture and industry partnerships
Industry backing at company and project level: Osisko Gold Royalties, has invested £1.47 million in the placing to become a 18.9% shareholder; and Centerra Gold has a Strategic Alliance with Erris to explore a portfolio of gold properties within a common Area of Interest in northern Sweden
Dynamic work programme planned with regular news flow from drilling reports and results, mapping, sampling and petrographic studies across key projects:
Abbeytown - a high grade, shallow, district-scale zinc exploration target in a proven mineral district in County Sligo, Ireland - 5,000-metre drill programme beginning Q1 2018
Brannberg - a large-scale gold target with historic drill results and high-grade float in the Skellefte mining district, northern Sweden - geophysical surveys to be completed prior to drilling
Karingberget - a silver, gold, copper and zinc project in Sweden with known deposits and in which Centerra Gold has made an election to invest $1m (the first $0.4m of which has already been invested) to earn 51% - ongoing drilling
Focus on building pipeline of base or precious metal exploration assets in proven mineral districts and in favourable European jurisdictions
Strong market fundamentals
Zinc in a period of sustained supply deficit, while demand continues to grow - Ireland represents a supportive jurisdiction with large scale historic zinc production
Gold likely to remain well supported in current economic climate given its 'safe haven' status

http://twitdoc.com/A59E Research document for anyone interested

Plenty of room for movement north from here, targets and gaps to be filled on the chart and as we all know we like gaps, they always get filled. This has been worked down on very small volume and it’s a path already walked upon, so a move north from here should be very easy. Lack of PR has been a fundamental to low trading and I think with Anton on board we should see a shift focus to more of a promotion with regard to the share. Low volume of selling is an assumption that many are happy to hold for longer gains, the company focus is to prove up asset and find new resources, then the expectation is that they either sell of jv, they already have 2 huge partners in place who are supportive of the company, both over 1.5b market cap companies.
Interesting TIMES AHEAD FOR Erris Resources with huge focus on the extension drills on Abbeytown, could this be the next Tara Mine, IF SO WE COULD HAVE FOUND A HUGE WINNER HERE, ALSO WE HAVE THE ONGOING WORKS IN SWEDEN WITH REGARD TO GOLD EXPLORATION WHICH ARE FUNDED, which means no dilution to shareholders as these develop. Total upside play with regard to Swedish gold.
One I have added to my PF very little downside and plenty of upside if the can expand the resource and prove that Abbeytown can become a viable zinc play. Also with so many key licences in Sweden the chances of hitting a rich vein of gold is very high, which is a funded play, so a strike there would be easy money for the company and massive growth for the share price.
Looking forward to key updates over the coming months as the story unfolds.

WHY INVEST –
• Fully funded exploration in Sweden, very little risk and downside for the compay
• 2 major backers in place with cornerstone investor and jv partner both 1.5 billion MCAP COMPANIES, who are happy to put their money in here,
• BOD with skin in the game 22% of the company owned by them
• BOD with a proven track record of discoveries and sales of assets
• Not a company that is sitting around, successful work program this year on time and on budget in all the works they have done
• Cash situation looks manageable for another 12 months
• Share price at 52 week low, so little downside from here, cash is more than MCAP so no factoring cost for the work done so far or the assets held

to see trades still coming in here, key to the bigger move is continued volume here, the company hopefully working hard on the assets and might give us a sprinkling of positive news shortly

Hi mate most platforms allow you to search parameters with regard to share like volume, mcaps etc I know ig and sharecenrer do I presume all allow you to do this, I use London stock exchange files and they get imported into a spread sheet daily so I can search volumes and share drift etc, someone clever set it up for me but I used to use platforms to search the same data. This is a very interesting one as the volume between buys and sells since ipo suggests that actually just as much has been bought and sold and the volume sold on the lower range has been low, but the prices has been worked down to find some volume, but the minute volume came ther was very little shares on offer, hence the feeling that most are either holding or trapped in at ipo price of 25p plus, there was a seller on the book either distressed or just wanted out, but that seller has cleared, so seems that any sentiment change or volume increase should see this swiftly move back to ipo price. Not many junior exploration companies on aim with 2m mcap that have a cornerstone investor and jv partner of the size we have, both 1.5 billion mcap companies I don't think they have made investments here without DD being done and evaluation of risk vs reward undertaken. no attributed value to the partners in place or the quality of the board, or the money already spent in advancement of the assets, no value given to the assets at all, cash position means they can adavance the assets more without need for a cash call and also we have next years funding to come in yet from our jv partner, seems to me a very very undervalued company when you weigh up the info

http://twitdoc.com/A59E Research document for anyone interested. In so far as the Company is aware, the percentage of the Company’s issued share capital not in public hands (as defined by the AIM Rules for Companies) is approximately 67%. So only 33% in ff, that’s about 10m shares, this has been worked down on low volume, poor pr from the company and under the radar, cash position is higher than current Mcap, no value added to asset or work done, fully funded works in Sweden with major Jv partner. Cornerstone investor with19% of the company a 1.6b Mcap company.

last 7 trading days 3.3m share traded daily average 470k, previous 136 trading days 2.6m traded 19k per day, this is a big shift in trading numbers, very much walked down on low volume. bottomed 10 days ago when buyers entered the equation, looks like volume has been building since then as traders entered, value buyers, guy who work the charts, I think people sometimes mistake value traders as something else. The company have said this is under valued at price, as orange pointed out below no attributed asset value or value added to works carried out on site, cornerstone investor and jv partner both huge companies, would be linked to erris unless they believed ther was a return on investment here.

Still holding strong around this area, expect another move higher next week, newsis due I would imagine we will get one if not 2 updates next week and hopefully out first interview from Anton, the Irish asset is the key play here, with advanced project level work, extensions being drilled. As previously stated 8-10m tonne project would be very viable in this area, infrastructure in place. Looking forward to updates and another move towards ipo price of 25p, chart targets look good, just need this weeks volume to repeat itself next week, if news lands coukd be a real mover

all looking for the Next Lisheen or Tara mine, but most things found to date have been either too deep (Pallas Green) or too small (Connemara).

Erris's Irish Zinc deposit is interesting because it is off the main NE/SW Zinc trend and nobody has ever really bothered to drill that NW part of Ireland Properly. If there is a link between Skreen Hill and Abbeytown , it could be VERY interesting indeed, and might be sumthing along the lines of the Galmoy/Lisheen deposits, which shud really hav been mined as one mine and not two, by one Co. It's also possible that there cud b copper under the Abbeytown base layer. Drilling will prove , or disprove that.

The new Galway Licences cud also b interesting as nobody has ever really drilled there before, yet the new Irish Govt Sponsored Aeromag survey shows interesting results in that part of Ireland and the Company Geologist (Aidan Lavelle) is very familiar with that part of the World, having been Educated at Galway University.

All in all, a decent initial scenario for an exploration company - and the Cos Directors have a reputation of NOT messing about, or being "Lifestyle" people - unlike many BOD's in the AIM Junior Mining Sector ,

That is the interesting bit of Erris, as far as I am concerned. Could well be a Company-Maker, or destroyer ! Gold in Sweden is a Sideshow.

If Erris cud prove up just 5m tonnes of Zinc at Abbeytown, that would throw out an annual post OPEX sum of over 600p per share, over a 10 year mine life, assuming 31m shs in issue. That could be paid as a Special Dividend and is indicative of Y I am in Erris.

IF the Abbeytown deposit stretches all the way over to "Skreen", 15km away, (which it might) that would be a World Class deposit comparable to the Tara Mine at Navan, owned by Boliden. They also have spare process plant capacity there.....

OPens up the possibility of a much larger "Footprint" for the existing mine, which they are now starting to drill and which also looks VERY prospective according to previous RNS.

New mineralisation is shallow too, which is very good news and MAY extend down to 1000m ? Copper found too, in mineralisation, which David Hall suggested may be present on the field trip one yr ago, du to the presence of the nearby "Ox Mountains Fault".

Early days, but encouraging news - cud mean that Abbeytown , at least, is a "Goer".
If they were to fund, say , 5m tons Zinc, that wud defo be an economic mine, at current lead/zinc/silver prices.

Company just need to wake the mkt up to wot they have now, with a bit more "PR".

Do people call everything a P&D this is undervalued at current price even the BOD have said that, this came down on ipo from 25p, it’s only a readjustment of price and people buying at value price, chart pointing towards a higher price, plenty of better P&D option out there in shares with more volume and much cheaper price

Could the company issue a speeding ticket when the price was worked down on low volumes if you count trades, it was very much matched up buys to sells, they just moved it down on tiny volume sells, a move back to ipo price wouldn’t warrant an Rns, as the company must believevcash position, current expenditure on the assets and the assets themselves must be worth more than the current Mcap,

Podcast being lined up with anton, investor meeting being held in January, think recent volume has been a lot had this one on watch list, but when it started to move some didn’t want to miss the bigger chart move with the gaps back up to ipo price at 25p

It’s a chart play, worked down from ipo price of 25p on small volume, gaps all over the chart, cash relative to Mcap, 2 major investors here with Mcap sin excess of 1.5 billion pounds both of them, proven team at finding great assets, Jv fully funded in Sweden no risk, copper, zinc and silver play in Ireland which has had positive results, think you will find this is fundamentally undervalued and has the chart play too, plenty of upside here

31m shares but only 10m of them in FF the rest locked away by the bigger holders here, news due on 2 assets and works program for Sweden with cash coming from our major partner, plenty to look forward to here

new ceo tasked with getting the price back up well undervalued here, think the PR machine is starting to roll out and the right news lands here and its multiples of current, do the research the new CEO is a big money man in this sector

http://twitdoc.com/A59E Research document for anyone interested. In so far as the Company is aware, the percentage of the Company’s issued share capital not in public hands (as defined by the AIM Rules for Companies) is approximately 67%. So only 33% in ff, that’s about 10m shares, this has been worked down on low volume, poor pr from the company and under the radar, cash position is higher than current Mcap, no value added to asset or work done, fully funded works in Sweden with major Jv partner. Cornerstone investor with19% of the company a 1.6b Mcap company.

because it is undervalued at price, chart is primed, gaps higher up and it was worked down from an ipo price of 25p onWHY INVEST –
• Fully funded exploration in Sweden, very little risk and downside for the compay
• 2 major backers in place with cornerstone investor and jv partner both 1.5 billion MCAP COMPANIES, who are happy to put their money in here,
• BOD with skin in the game 22% of the company owned by them
• BOD with a proven track record of discoveries and sales of assets
• Not a company that is sitting around, successful work program this year on time and on budget in all the works they have done
• Cash situation looks manageable for another 12 months
• Share price at 52 week low, so little downside from here, cash is more than MCAP so no factoring cost for the work done so far or the assets held tiny volume, case of chart and market mechanics