Ecora Resources Share Discussion Threads

[the deacon] 13/1/2025 11:26

I'm quite happy to add around here, and have been recently. Patience required.

[laurence llewelyn binliner] 13/1/2025 11:16

A triple bottom at 60 pence should be bullish from a TA, but anything can happen in the current bond debacle with rates rising and inflation sticking..

Hold and wait.. :o)

[brucie5] 13/1/2025 10:44

One needs to be patient but this looks very much like a bottom at 60p. Any other views?

[burtond1] 30/12/2024 08:23

20 Mining Companies to follow for 2025 – Part 1 (A-E) https://total-market-solutions.com/2024/12/20-mining-companies-to-follow-for-2025-part-1-a-e/

[quepassa] 24/12/2024 08:03

Today's FT, page 2 article with photo of Julian Treger.

See FT article for full text and full context.

Cold-shouldered.....


ALL IMO. DYOR.
QP

[the deacon] 19/12/2024 10:23

I agree. Rick is right in so much as on a forward looking basis Ecora is cheap - assuming Santo Domingo, Piaui and West Musgrave get into production. The elephant in this particular room, however, is the management. I wasn't particularly enamored by MBL's appointment when Treger left, and I think that's been proved right. It's funny, as I agree with what Rick Rule has often said about the management teams in the royalty and streaming space. The royalty and streaming model has attracted and developed some of the very best in the business. ECOR seems to the exception, unfortunately. He mentions Altius Minerals in the interview. I've had Altius in my portfolio since their COVID-related knockdown around $8. They've an exceptionally switched on team who understand how to grow a royalty business. It is possible that ECOR gets a bid from another player, but that'll only be down to the inability of the current team to extract value for shareholders. I've said before, some of the nickel, cobalt and copper assets in the Ecora portfolio are amongst the most attractive royalties and streams in the diversified and mid tier spaces. I dislike the feeling of the 'job done' attitude that i pick up from this management team - particularly the CEO. As QP points out, the value destruction here is completely the opposite to the performance of Ecora's closest peer.

[quepassa] 19/12/2024 06:35

Share price performance over twelve months:-

19/12/23 - 95p

19/12/24 - 63p

Negative Performance of c. minus -33%


..hmmmm

not good.

all imo. dyor.
qp

[santos123] 19/12/2024 05:44

Thanks for the link Mattybuoy.

It was not a well researched piece.
Just a view, on a cheap investment in mining royalties companies.

Everybody's got views, but a bit of research would have been handy.

Stay Prosperous.
Santos123

[bushtuckaman] 16/12/2024 14:39

Thanks Mattybuoy

[bushtuckaman] 16/12/2024 07:16

Have you got a link to the interview please?

[dartboard1] 14/12/2024 17:14

Thanks for that... just had a listen. Interesting for Rick to have it on his radar...

[mattybuoy] 14/12/2024 13:04

Well whaddaya know, Rick Rule likes Ecora!

[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.