Ecora Resources Share Discussion Threads

[laurence llewelyn binliner] 23/8/2023 09:16

#The Deacon, yes, an interesting stance, and given the traditional debt capital markets are tightening up now with banks preserving capital or charging blood for it, RS deals should shine..

The fallout from China/Evergrande/Country Garden bond defaults sending shock waves out to banks exposed with some UK/US banks holding their bonds..

An interesting market bounce today, following the BRICS summit 1st day, member countries are to focus on building trade, and not so much on trying to topple the USD with a new currency.. (near term at least)

[the deacon] 23/8/2023 09:08

Yes LLB, I've seen that sort of statement from quite a few royalty and streamers. ECOR in a good position to capitalise. Better deployable capacity than most - outside of the big players

[pockstones] 22/8/2023 20:45

Ah the second coming of the mighty Que
Feeling more cheerful that the rally is drawing nearer QUe is near infallible at calling it wrongly

[podgyted] 22/8/2023 18:09

Yup. The share price is falling, but you might as well say the graph points to a share price of zero - its the same logic.

[quepassa] 21/8/2023 11:45

The direction of travel of the share price graph points to sub 100p soon.

all imo. dyor.
qp

[laurence llewelyn binliner] 21/8/2023 11:14

#The Deacon, interesting to see the TRR news this morning, specially the reference to deal making, which should also apply here.. :o)

Given current weakness in the traditional capital markets, Trident continues to see elevated deal flow and looks forward to updating the market on further opportunities.

[quepassa] 21/8/2023 08:25

Pokkie,

Oh dear.

What happened to your Berkeley Energia forecast last year at 38p in May 2022 that it was going up?

Six months later, by January 2023 the share price had crashed 63% to a mere 14p.


Care to comment?

[pockstones] 16/8/2023 18:26

May I call attention to the significance of the Que Passa update today in respect of market timing his missives on the folly of investing in a coal royalty business market coincided with the previous market lows and shortly afterwards the Anglo Pacific shares traded up to two pounds.
Today, He has spoken again and his rear view vision is clear and insightful and ignores the prospects of imminent future royalties coming on stream next year and the sharply improved balance sheet.
These insights from Que also apply to Berkeley Energia his most recent call at 17 resulted in a twenty percent spike and the one before that at fifteen was followed by the share price of Berkeley more than doubling.
We are lucky to have such greatness amongst us and no doubt those of us who seek to profit from his wisdom will be loading up!

[1knocker] 16/8/2023 16:07

I bought what I intend to be my final tranche of Ecora today, at 107.95. That gives me an average buying price of 135, with an average selling price (I have traded in and out a bit) of 160.

Possibly a bit early with today's top up. China weakness may drag all miners and mining royalty companies lower. Now I just have to be patient, and hope that the dividend holds up.

Not a great year for me so far, but i expected this year to be more difficult than last, which was easy - just buy Oil and Gas.

[888icb] 15/8/2023 07:39

Cannacord still hold 5% and remain a large shareholder.

[laurence llewelyn binliner] 15/8/2023 07:11

TR1 declared, Cannacord reduced 1% (6 down to 5) which could explain the recent share price weakness as they were absorbed by the market..

05.09.2023 for the H1 financials and next dividend.. :o)

[leopoldalcox] 13/8/2023 16:02

Thanks for the responses. Given me a few to look into there

[quepassa] 13/8/2023 08:12

The share graph tells a sad tale.

At the end of 2022, the share price was c. 190p.

Now 110p.

A MASSIVE decline of 42% in under a year.


As I have mentioned before, this share trades more like a fixed income bond.

The decline in share price correlates to the global increase in interest rates which have not yet peaked. Pundits predict that there are still one or two more interest rate rises to come.

Two year gilts yield higher than 5% on a risk-free investment which makes the yield here on a mining royalty stock look poor, especially in a weak year for many mining commodities due to lowered global demand.

Some posters on this bulletin board are married to their positions and are smitten with blind love for this share. A common investor mistake.


The share price graph tells the truth. Look at it.


ALL IMO. DYOR.
QP

[the deacon] 12/8/2023 21:50

I hold quite a few. I sold Altius a while back, having picked them up in the embers of the covid crash at around $7. I like the company, but there's better value. From a PM perspective, I think the mid tiers are attractive. I hold Sandstorm, Osisko and Triple Flag. All three are chasing copper, copper/gold deals. I'm fond of EMX's generative arm, where they create many royalties. ECOR ans TRR tick the boxes for me - as many here know.

[laurence llewelyn binliner] 12/8/2023 07:51

5th September for the H1 financials and the next dividend here and we can see the debt/net debt positions..

Paying out over 6% now at the current SP, much lower and we will be near to the level where we could see another buyback which saw 5M shares put in treasury back in late 2020..

RS companies are all about diversification, the quality of the assets, the jurisdiction risk and the strength of the operators with a growth pipeline which is never going to put them in a position of being unable to make the dividend cover, APF/ECOR are doing that well, some holders might be underwater here on a cost basis (me too), but well ahead/up on a total return basis..

#LeopoldAlcox, BRWM are the bigger bellwether trust and they are -25% off the highs of 800 pence currently at sub 600 pence, a lower dividend and they also have 1% fees to deduct, in the PM space, WPM, and Franco Nevada..

It is a busy sector being inflation proof on costs with many newcomers to it, but I would have limited confidence in any new co with no history, there are always diamonds in the rough of course but needs a lot of time/research..

[suresure] 11/8/2023 23:31

Mining Royalty, I am in TRR and ECORA. My position is larger in TRR as I am there for the long term re-rate (Thacker). Also non-mining royalty wise I like Duke but is sideways value wise. I have been researching Wheaton but yet to dip the toe, seems to be on the turn. Does anyone have thoughts on Wheaton? I am disappointed with myself and my Ecora entry. A long way to break even for me, here is hoping for the long awaited commodity surge. No advice intended.

[leopoldalcox] 11/8/2023 22:21

I've been looking around at royalty companies and both this and TRR have caught my eye. I currently hold Altius Minerals (ALS in Totonto). Any others that people like the look of? Internationally listed ones maybe?Elemental Altus also looks good. Seems that TRR and ECOR are better value than the rest. Anyone have a case why one is better than the other?

[1knocker] 11/8/2023 20:03

I have another top up limit order in on Ecor, at 108. wavering as to whether to pull it for a bit to see how far the present market weakness goes. Or go for more Trident rather than Ecor.

[1knocker] 07/8/2023 12:41

llb, thanks for that.
I am inclined to wait a bit longer. With this sort of thing I generally prefer to wait until the start line has clearly been passed. I'd rather pay a bit more than take a punt, especially with a state company competitor next door. They would probably be well advised to cut the state company in on a slice of the action. Influential friends open a lot of doors in that part of the world - in most parts of the world if the truth be told.

[laurence llewelyn binliner] 04/8/2023 12:20

#1Knocker, indeed, Emmerson plc (EML) your timing could be much better than mine though, they were recently unsuccessful at getting their ESIA approved at a local level, so it has been bounced up to ministerial level for permitting, they already have the mining permit for 25 years, but we suspect the ESIA is being used as a pawn in negotiations for ownership, OCP are the state fertiliser company in Morocco next door..

They already have off-take MOUs lined up for most of the product, and the funding package will be roughly 6 months from permitting as they have been working on it for a year or 2, if they sell an off take to part fund a mine build remains to be seen…

2 pence a share could be a steal, but as always DYOR which I have no doubts you will.. :o)

[flagon] 04/8/2023 12:09

Capstone Copper building copper-cobalt district in Chile

Cecilia Jamasmie | August 4, 2023 | 3:55 am News Canada Cobalt Copper

Canada’s Capstone Copper (TSX: CS) is moving forward with its ambitious plan to create a mining district in northern Chile with the integration of its Mantoverde and Santo Domingo operations in Atacama region ... etc


Link :

[1knocker] 04/8/2023 12:03

llb, I seem to recall that you posted sometime back about an African potash company.

Am I right and if so what was it and how is it doing?

Natural fertilisers should be a good long term bet, and are not much in the news at present. a buying opportunity?

[888icb] 03/8/2023 08:01

2nd RNS this morning:
“3 August 2023
Ecora Resources PLC
("Ecora" or the "Group")
Completion of Acquisition
Further to the announcement on 24 July 2023, Ecora (LSE/TSX: ECOR) announces that it has completed the acquisition of a 0.25% Net Smelter Return royalty over all metal production from the open pit of the Vizcachitas copper project in Chile, owned by Los Andes Copper Ltd.”

[masurenguy] 03/8/2023 07:51

Some recent modest share purchases by 3 directors.

[the deacon] 31/7/2023 13:56

That's what's playing out in the royalty and streaming space right now. The majority of deals I can think of this year have been copper royalties. Ecora, Osisko, Royal Gold, Nova, Elemental Altus have all been on the copper royalty acquisition trail this year.