Ecora Resources Share Discussion Threads

[laurence llewelyn binliner] 05/12/2024 07:41

#Cocopops, VB ramping up just as Kestrel winds off is good news indeed, we need to retain earnings and smash debt down to buy more, a royalty company can take years to turn around.. :o)

Bottom drawer here too, they will come good over time..

09.12.2024 - Brazilian Nickel Limited a private company with primary nickel and cobalt production in Brazil using proprietary technology, is pleased to announce that the Company has received a letter of interest (“LOI”) from the U.S. International Development Finance Corporation that expressed DFCs interest in providing the Piauí Nickel Project (“PNP” or the “Project”;) with a loan facility of up to USD550M representing almost 40 percent of the Project’s overall financing package..

Mark Travers, CEO of BRN, said, we are grateful for the incredible support we have received from DFC throughout this process, and we are excited to continue our collaboration to convert the LOI into a committed financing facility in early 2025. It is a clear indication of the potential value of this project to Brazil, the US, and the world..

Good to see some more progress at Piaui..

[cocopah] 05/12/2024 02:39

Even good news about Voisey Is clouded by the future outlook for cobalt. I maintain my view that the current senior management are poor and my dismay they have negatively impacted what was essentially a good company. I fear that I might have to wait a number of years to come out even.🙄ԑ63;🫣

hxxps://x.com/proactive_uk/status/1864379165350195376?s=46&t=j-Z0vr_bKhsIlP4G1kGgpg

[laurence llewelyn binliner] 26/11/2024 19:03

#Cocopops, a rubbish year for my AIM tiddlers here too.. :o(, I backed half a dozen a over 10 years, it is high risk, we take our chances and on balance we hope to win more than we lose..

I am more focused on bigger more stable FTSE companies in recent years, ECOR will pull through, they just have to ride it out until the cash builds up and the debt goes down, H1-2025 Kestrel contributions will be a big help in doing so and should raise the SP, our VB Cobalt sales could go through the LME and where the physical product ends up I could not say..

Next dividend here in Jan 2025, they do add up to reduce holding cost averages, but painfully slowly since it was cut in half and now only twice a year..

[cocopah] 26/11/2024 17:51

#LLB almost seasonal greetings! Not been a great year with ACP going pop but thems the lessons. Waiting for the share price to double here to get out flat (2yrs+ methinks but my holding is only small now).

Getting to the reason for the post … how do you think Trump tarrifs will impact our Canada asset?

[brucie5] 11/11/2024 11:06

Can anyone confirm the forward dividend yield here, please? TiA.

[laurence llewelyn binliner] 24/10/2024 07:15

#Dartboard1, IMO the update was solid, VB growth in deliveries coming down the pipeline and ramping up fast now just as forecast and when we need it too for Q4..

YTD income up on last year, net debt flat, I see the share price trading sideways for a while now, and probably up to summer 2025, we need to reduce debt and the income to do that will come from Kestrel in H1 next year..

It could well be a good time to add, but I have mine in the bottom drawer already.. :o)

[dartboard1] 23/10/2024 21:56

You can tell it's a bear market for ECOR when LLB isn't on the board on an RNS day giving upbeat commentary... maybe time to top up (average down) ... no offence LLB ... appreciate your input

[farrugia] 23/10/2024 13:39

Cadence announce progress at Amapa - lol

[swanvesta] 01/10/2024 09:36

Interesting article on China's critical metals dominance. Includes a somewhat startling chart on Cobalt supply:

[laurence llewelyn binliner] 17/9/2024 06:11

Couple of positives today..Kadence announce progress at Amapa, so that royalty is alive..Pasofino announce an exclusivity deal for the sale of Dugbe, so our 2% NSR there is getting closer now, and could come online in 26/27 IF the mine is built..

[sword77] 11/9/2024 21:11

Kestrel has more to give than I thought, but the honest WM comment sounded horrible.

BHP probably will only sell it, when they shut down Nickel West for good.

[cocopah] 11/9/2024 15:09

Well, that was hard work and a hard listen. At least MBL appeared and sounded less smug. It looks as if current investors will just have to suck it up for the next three to five years before seeing an marked improvement in the share price. There really is nothing to entice new investors in the short to medium term either. I can see the share price falling away some more in the short-term too.

[the deacon] 08/9/2024 13:31

Yes that's encouraging. Good to have an update on the estimated timeframe.

[laurence llewelyn binliner] 08/9/2024 08:20

#The Deacon, BRN - 06.09.2024 - commenting on the progress to date, Chief Executive Officer Mark Travers notes, I am pleased by the level of interest and support we have experienced for the project to date. despite the significant headwinds in the nickel market, there has been a lot of interest in our high quality, low carbon product and consequently, we are very optimistic that we will have a fully financed project in 2025 with first production from the PNP targeted for 2028.

Some light after the Kestrel run off, but we know slippage can happen, VB will be delivering full tilt by 2026 which adds cUSD20M a year less cost of sales at todays prices, BRN could add another 20M a year when full scale is operating for us..

[1knocker] 06/9/2024 21:03

RBC Capital Markets raised their target for Ecor from 100 to 120. I can't say i am convinced. They seem to see the end of coal in the portfolio as a plus but I see it as a mistake, and at best bad timing as it has left Ecor with a revenue drought over the next few years.

I also dislike share buy backs. If a company can't see anything better than its own shares to buy with cash on had, that cash should be returned to the shareholders to let them make up their own minds where they invest it. This management is struggling to run the business they are paid o run, let alone branch out into the equity investment field! And when did even shrewd management (Berkshire Hatherway perhaps excepted)even time a share purchase right?

[the deacon] 06/9/2024 14:01

I hold ELE. I wouldn't be against an ELE/ECOR merger, though ELE are primarily focused on gold & copper so unlikely to be that fussed. I like Fred Bell though, and I think he'd do a good job of navigating a bigger ship.

[farrugia] 06/9/2024 11:07

lol dugbe will need many years before anything comes from it. Elemental Altus Royalties seems a much better bet than this but it only trades in Canada.

[giltedge1] 05/9/2024 12:09

Surprised to see tick up, looks expensive cf BRWM. SD capital cost 2B, so non starter, except major involved. WM on back-burner 2027 means forget it until nickel price sores back to high. South32 buy costly, no income. Admittedly other prospect Dugbe looks promising with gold at $2,500, but won t replace Kestrel.

[laurence llewelyn binliner] 05/9/2024 06:51

Income results ahead of expectations for H1, but the dividend is poor, down from 2.125 cents to 1.70, income seekers will be disappointed, me included having already seen it cut in half..H2 we will see VB scale up and see what we crank out without Kestrel income until next year..Good to see SD pushing on, we need to see a timeline for that project next then the FID to see if/when it gets built..

[the deacon] 05/9/2024 06:24

Disposed of their Labrador Iron ore income stream and spent the money on buybacks. That's money down the drain. With everyone focusing on LFP battery technology now I'd have thought exposure to the cleanest of pelleted iron ore would have been key for the portfolio. Results otherwise as expected. Things aren't going to look anywhere near as good for quite some time.

[tommygriff] 04/9/2024 21:35

I don't think it needs much comment. We all know kestrel is where the doughs at.

[deadly] 04/9/2024 21:01

no comments on results - says everything

[laurence llewelyn binliner] 03/9/2024 18:43

H1-2024 financials/dividend in the morning, no surprise the MMs took it down in advance.. :o)

[quepassa] 03/9/2024 17:45

As predicted by me, the share price has now tumbled firmly into the 50p range.


Fresh Article on Yahoo Finance / Simply Wall Street dd. 29/8/24 headed:-



" ECORA RESOURCES... SHARES COULD BE 32% ABOVE THEIR INTRINSIC VALUE ESTIMATE"



which continues:-



" Using the Dividend Discount Model, Ecora Resources fair value estimate is UK£0.45"


Link to article herewith:-

hXXps://finance.yahoo.com/news/ecora-resources-plc-lon-ecor-054631813.html

The SWOT analysis in the article is worth contemplating.


The share price graph remains in my opinion on a downwards trajectory.

ALL IMO. DYOR.
QP

[the deacon] 29/8/2024 10:57

I don't think it's a particularly compelling trade either way. A lot of the bad news is baked in. The time to go heavily short has past - with the majority of those wanting to be out are now on the sidelines. Although cheap, it's hard to see a catalyst that'll get things moving for those long - so probably better places to park your money. I suspect things may stagnate for the time being - barring any significant news MBL might throw this way.