Ecora Resources Share Discussion Threads

[1knocker] 15/1/2024 17:53

Yes, Que, when looking at the rear view mirror we all have 20:20 vision. We can see the performance over a year (some of us who are really on the ball can even calculate the total return!) for ourselves and do not need to be told.

The questions we are concerned with are where the ECOR share price goes next?, when?, and why? And will the div rise fall or remain the same? And if not ECOR, what royalty company should we be buying now? And if not any royalty company, what sector and what company in that sector?

Trickier, those questions.

[quepassa] 15/1/2024 17:27

Ecora

Jan 2023 - 145p
Jan 2024 - 90p

One year return - minus 38%

Bottom-drawer performance.


all imo. dyor.
qp

[pockstones] 15/1/2024 15:49

Interesting on uranium Que tipped Berkeley Energia and called the bottom at fifteen and as as we go nuclear the politics around uranium mining are moving in the right direction Ecora has a royalty on this if and when it happens

[the count of monte_cristo] 15/1/2024 12:34

THR / GMET / GSCU / EEE / REE / FMET / ADT1 / AURA / EST

Welcome further discussion on those boards.

[1knocker] 15/1/2024 12:05

We all know what the SPs of ECOR and BRWM have been, and where they are now. The question which matters is 'where are they going from here?'

A year and more ago, all the pundits were predicting a decade long secular bull run for basic materials. Several years ago they were saying that all one needed in order to prosper over the half decade to 2025, or longer. was gold and gold miners. Some also backed green energy as the place to be.

Gold has held up pretty well (though it is important for sterling investors to distinguish between rising gold prices and a a falling $/£ exchange rates), the gold miners have languished, and basic materials miners initially benefited from high commodity price as economies opened up post covid but have seen those prices fall back while costs (especially fuel and labour) have risen. Green energy shares have fallen back too.

I never believed the $5K, $10K gold predictions, and pointed out that if those figures materialised it would be because the $ had lost purchasing power (inflation) not because the value of gold had risen exponentially. As for basic materials, I also pointed out that if miners' profits continued to grow, or even remained at elevated post covid levels, host governments would insist on a bigger slice of the action, as would labourers in the industry. As for clean /green energy, that is beyond my bird brain.

I am heavy O&G, but so far that has not played out. My timing has not been great there.

My conclusion? Present SPs look a pretty attractive buying point for basic materials miners, PM bullion is good insurance, but PM miners (especially juniors) are an unattractive risk/reward speculation, and O&G ought to do alright provided there are not subject to punitive taxes and 'environmental' levies (taxes!!). The risk of that is real but unquantifiable.

I have topped up both ECOR (a few months ago) and BRWM (a few days ago). Most of my spare investment cash has gone into Cameco and Yellowcake over the past 18-24 months.I recenty opened a new (smallish) position in geiger counter for a broader punt on the sector, and will probably build on that on dips, though I don't like the level of the management charge. Uranium still looks good to me for the next 5 years.

What are others backing with their moolah at present?

[quepassa] 15/1/2024 11:36

...you couldn't make it up if you tried.

Ecora's URANIUM royalty at McClean Lake is structured in such a way that it is interest only and NOT related the the price of uranium.

This being at a time when spot uranium has hit a 15 year high and has gone ballistic by 150% over the last twelve months from $40 to $100+ per lb...

...and rising.


For a commodity streamer which has apparently been wholeheartedly embracing the Green Revolution for a number of years now, how have they missed this stellar opportunity in uranium with a mere 4% of portfolio invested in this essential Green commodity?



ALL IMO. DYOR.
QP

[laurence llewelyn binliner] 14/1/2024 15:03

#Cocopops, so by that logic you also think the Blackrock fund mangers for BRWM have got it all wrong as well, as their share price trend mirrors ours..?

IMO the income lows are now behind us, the Q4 earnings will be stronger, then the share price should slowly start to recover, couple that to the interest rate backdrop supporting growth as they start to soften later in 2024..

We cannot swim against the tide, we just have to flow with it, we will of course see how it pans out.. :o)

The VB and S32 deals have added fantastic upstream income, we have set our stall out and just need to run with it for a few years while paying the debt down adding value before anyone can say that was right/wrong..

I did not agree with disposal of the coal assets, Narrabri, but it is done now, we just need to run the payoff terms out to a close..

[cocopah] 14/1/2024 14:56

#LLB I don’t buy that line of thinking at all. A good CEO and BOD will make the necessary changes to improve the lot of shareholders (indeed they have a responsibility to do so). Simply saying “it’s the same everywhere” is flawed thinking.

[laurence llewelyn binliner] 14/1/2024 09:04

#Cocopops, the dividend is covered, there will be no buybacks as we still have 5M shares in treasury that have not been sold yet..

Take an interest in our competitors in the space, BRWM is a Behemoth fund and barometer for the sector we operate in, you will see that the share price trend has nothing to do with MBL, it is just the cyclical nature of costs/currencies and sale prices..

[cocopah] 13/1/2024 17:46

#LLB moving from £ to $ will probably take 0.5p off the divi. I’m not convinced on the forward income. Without a buyback (which is unlikely) getting to my breakeven (£1.28) to offload my remaining shares is a long way off! Tbh I don’t care about similar companies that I’m not invested in. Not convinced by the new CEO and his demeanour is irritating as he has overseen a massive decline in the share price.🤷̴5;♂️
29763;

[laurence llewelyn binliner] 13/1/2024 13:12

#Cocopops, as the dividends stack up the net cost on a total return basis comes down, so another 8.5 cents coming in 2024 subject to FX..

The trend is nothing unique to ECOR, just overlay BRWM over 1/3/5 years and see how closely they track..

[cocopah] 12/1/2024 18:06

Divi probably 6.5p this year now. A long way to break-even getting longer. 🫣🙄🥱

[1knocker] 11/1/2024 18:00

Now we wait to see what 2.125 cents is worth in the sterling beer vouchers they accept in the pub.

[laurence llewelyn binliner] 11/1/2024 09:28

Thats our next XD and another 2.125 cents in the bag.. :o)

[the count of monte_cristo] 10/1/2024 12:22

I find this quite comical:) Classic example of being easily scared out of something, that's if he was even invested.

"I think the company has now become to risky for me to invest in, but that is only my view".

How much can they make? What is the cost? Is it easy to manufacture in vast quantities? How green is the production? Etc. So, so many questions.

What is brilliant though is just how fast these discoveries are being made, across every sector, due to AI and computing power. What would have take a few years to do, in say 2001, is now dons in months or weeks. Very exciting, expecially the medical applications.

[the count of monte_cristo] 10/1/2024 12:04

I'm here for the copper and uranium exposure.

[laurence llewelyn binliner] 10/1/2024 08:13

#Santos123, battery chemistry will always evolve, but the primary use of our metals is in steel making and this will never change..Copper for electrification and distribution cabling will also never change..We are well diversified, and positioned to meet demands either side of the EV story..

[santos123] 10/1/2024 06:28

Maybe, the news this morning on BBC.

A new material has been found that is better suited for lithium batteries.
It has been found using A.I. totally new material.

There is no saying how this will effect the company.

But, buying mines that are not producing until well into the future was a risk.
The last C.E.O. warned about this.

I think the company has now become to risky for me to invest in, but that is only my view.

Always do your own research, and good luck
Santos123

[the count of monte_cristo] 10/1/2024 01:27

Sell off after it goes ex-dividend? Hate it when shares do that:))

If it does I'll add a few more.

[laurence llewelyn binliner] 29/12/2023 08:05

There we go, back on 100 pence again with our lowest income quarter behind us, data pointing towards weaker rates, weaker USD, stronger commodity basket prices and increasing income, see where are are at Easter, steady/stable dividend income for shareholders to just sit and wait..

[burtond1] 27/12/2023 09:17

20 Mining Companies for 2024 – Part I (A-E)https://total-market-solutions.com/2023/12/20-mining-companies-for-2024-part-i-a-e/

[pockstones] 22/12/2023 16:38

Jan 12th ex div thanks

[the count of monte_cristo] 22/12/2023 16:18

Que, why u marking my posts down?

[the count of monte_cristo] 22/12/2023 12:35

Payment date is the 14th Feb.