Ecr Minerals Share Discussion Threads

[excellance] 14/4/2021 19:32

AIM listed Canadian company Rambler were dual listed last year on TSX.

They needed to do some major surgery on their finances, so delisted from TSX.

Then they raised the required capital, and are now in full recovery mode.

Excellent work by their board, tho some would argue it was daylight robbery.

AIM listed Eurasia Mining even now get slagged off by uneducated buffoons who still don't understand Russia and the company. Their share price has risen 50 fold.

Two excellent companies who have got a lot of stick, and EUA still do, but they are delivering.

Some boards of directors are good.

[snowyflake] 14/4/2021 18:50

juju44 - I would include some Aussie directors of London listed companies within that comment. They are too busy talking the talk rather than walking the walk.

Also some of them either ignore the rules or are too lazy to read and understand them properly.

[juju44] 14/4/2021 17:06

Many Aussie companies list in London for easy pickings from the wallets of the lumpen . Bunch of crooks most of them

[excellance] 14/4/2021 14:19

This'll bounce back to 3.5p before month end.

[excellance] 13/4/2021 18:34

CB buys the rigs from China.

Not sure we could spend half a million quid on credit. Then there's the team, the support vehicles and equipment, even road building, perhaps a secure compound or building too, so not cheap, and it is vital that we have the financial firepower to do it.

However, I'm sure the company will explain themselves later this month, but clearly the plan has changed.

[spangle93] 13/4/2021 18:21

In theory, the role of the non-executive directors is to represent shareholders on the board. In practice can we ask how the NEDs allowed this history to happen? Unless by "shareholders" we're taking a selective view?

As for excellance's idea that you can't be cashed up to 2023 AND bring 2-3 rigs into action... well, that's true indeed. But bringing in another rig is a discretionary activity, therefore there is no rush to get the money, no specific placing size, and no need to go deeply discounted, with further dilution and price growth stagnation through warrants. Is that how you'd manage your household accounts - no, you live within your means.

There was quite enough going on to move the share price positively with a one-rig, funded drilling campaign using Midas, and a potential CV at Creswick. Get the price higher, THEN do your dilution if it still makes sense.

[excellance] 13/4/2021 17:50

In that post you refer to, there is nothing that I say about ECR that I have made up.

CB did say that in a previous company he had brought in several drilling rigs from China, and he may do the same again with ECR. He said that on interview in the public domain, fact.

He did say we were funded til 2023, but it is obvious that if he "accelerates and expands exploration", the title of the recent placing RNS, by buying another rig maybe, then there will be a cost attached to that, hence the placing.

It's not rocket science, he's doing exactly what he alluded to.

Regardless of the core samples and eagerly anticipated assays, we will be drilling on multiple locations on several license areas all year, so even if Byron is a dud, and it can't be, then there are several other rolls of the dice, ie cherry tree, blue moon, creswick...

There can never be any guarantees, but it is all very exciting stuff.

[soulsauce] 13/4/2021 17:25

Held in high esteem on other BB's?? Are you sure cybaajak ;-)
If you mean for comedic content then yes.

[excellance] 13/4/2021 17:18

Which bit are you disputing specifically?

[cybaajak] 13/4/2021 17:12

Just go and read your 4527 and then compare it to what IS known to what YOU assume.

And you are held in a fairly high esteem on your posts in other BB's. You want to trash your standing on them as well as here by making assumptions ?

[excellance] 13/4/2021 16:42

You talk about obfuscation and smoke screens, kettle black mate, bla bla bla.

[excellance] 13/4/2021 16:40

And your point is..?

[excellance] 13/4/2021 15:01

I don't get why you two are so upset by a little placing to accelerate and expand exploration.

Surely we want them to accelerate and expand exploration?

If you recall, GGP signed a deal to accelerate and expand exploration, but it cost them 70% of their primary asset. Would you prefer that kind of shafting?

Their share price went ballistic on the back of that deal before coming back to reality.

Now, ECR have spent 18 months reorientating the company and raising capital, to get a drilling program and squad together, to drill all year.

CB said that he may get 2 or even 3 rigs in, and that we were funded to 2023, but I doubt he meant both of those things at the same time.

So it looks like we're taking the multiple rigs option, to accelerate and expand exploration, to maximise the opportunity while minimising the cost to us.

All will be revealed, be assured, there's really no need to fret.

Now, compare that with CHF, where they drilled all year on an abandoned but not depleted copper mine, on an island giving it's name to copper, and a child with a toy spade could have done better if you believe a word of MF, yet polymetal happily plough in £2m, but what will they bring to the table?

What is the nature of our cosy alliance with the Russians?

[soulsauce] 13/4/2021 14:44

Cybaa excellance has a very schizophrenic method of posting. What he says 1 day or even 1 hour previously is not the same as he will be posting in the next. The very definition of enigma a.k.a nut job.

[excellance] 13/4/2021 14:36

it is exploration, it is high risk, so warrants are required to reward supportive investors.

[excellance] 13/4/2021 14:28

CB will say that he took advantage of market conditions to secure funding to accelerate and expand exploration, and that the assays at the time it was arranged were not conclusive.

However, we all know that drilling is going well, that there are likely to be deeper gold bearing zones below what was already known about, that assays will prove if there is anomalous gold or continuation, and the boys on the ground already know the answer to that, and that the placing was to reward supportive investor connections at a super cheap price while at the same time raising cash that will be used to add significant value for the rest of us.

To me the placing is very strong indication of confidence in the program, tho i'd love to have been party to the presentation pitch to the investors and know what they know.

[soulsauce] 13/4/2021 14:24

Excellance no one is wetting the bed, it's called having a discussion. That's what these forums are for.
At least there is consistency in what others post unlike yourself.