Erris Resources Share Discussion Threads

[henrik1967] 17/1/2021 14:47

JusJusJus, That is still the case as is detailed below. Erris are looking at advancing the project adding another licence and listing as soon as and want to be in position to gather more assets , they won't do that with no funds. Nobody likes dilution but when it advances the project and adds possible assets then I'm all for it especially at 1.5p

Details below :
The Company commenced business following a cash injection of €390,000 (after expenses) and the transfer of certain assets and staff as part of the divestment from Erris Resources plc. This allowed the Company to get firmly established and continue exploration on the Loch Tay Project with a full-time field team, an experienced executive team and a structure in place to facilitate a quick return to public markets. Existing staff and overheads are largely covered for up to 12 months by the distribution from Erris Resources plc (€390,000). The available cash position on 7 January 2021 was €264,590.
Following the recent success in outlining a large gold system at the Lead Trial Prospect and with near-term drill targets identified, the Board believe that an additional fundraise of up to £767,000 (approx) will be used mostly for advanced exploration works and will allow the Company to advance the Loch Tay Project, by testing the vein targets with an initial drill program along with some other works including the completion of an independent Competent Persons Report. This early-stage work will combine to build the capacity of the Company prior to a listing. The Board and management are optimistic that this program will add significantly to the valuation of the Company which will help it meet the valuation requirements and costs of a Standard Listing on the London Stock Exchange or admission to another public market. The funds raised will also provide working capital to engage relevant parties as part of the listing process.While the Lead Trial Prospect, the Loch Tay Project and the Glen Almond Application will form the core project of the Company in the short to medium term, the Board wish to retain some resources for other opportunities and specifically advanced gold opportunities which it continually reviews.

[gepetto100] 15/1/2021 16:18

I've received the email and the Open Offer 1:1.5p is in my Share Account to fund and accept

[jusjusjus] 14/1/2021 16:14

and we were told that the old Erris (Zimmwald) would leave with enough working capital for 12 months!

[wrtmf] 14/1/2021 15:37

1 for 1 share purchase offer letter received

[henrik1967] 24/11/2020 21:25

Very good update on the new Erris Website

[wrtmf] 22/11/2020 09:15

Erris Gold Resources @ErrisResources
·
19 Nov
Good to see #znwd moving up with the PMs 'Green Plan'. Shareholders in Erris Gold should register for updates via the website. Our share register is mostly nominee accounts, your broker will not distribute the updates!
#errisgold #Scotland #gold

[erric] 29/10/2020 10:18

New charts available on another Board using ticker ZNWD

[parsons4] 29/10/2020 08:41

Having read this morning's RNS I wouldn't be surprised if more money was raised to buy the other 50%, at say 7 to 8p per share !!

[henrik1967] 29/10/2020 07:30

hxxps://www.errisgoldresources.com

hxxps://www.zinnwaldlithium.com

[craffert] 28/10/2020 17:48

crazy pricing ...below 9p when it was above 16p just a few days ago

[parsons4] 28/10/2020 08:32

This is looking very exciting now, I wonder what is going to happen to the other 50% of the German lithium project. Also the Scottish GOLD mine is being hived off to those on the ERRIS register tonight I believe, this is a 10 bagger in the making !! GLA

[lazygun] 26/10/2020 10:46

Looks like record date is tomorrow at 6pm...

Still time to buy shares and get the free shares in EGR?

L

[henrik1967] 26/10/2020 10:23

from LSE

Big Statement
Richard Gray, chief executive of Scotgold, said: 'We believe there's a huge amount of gold to be found in Scotland, we want to keep exploring and so do others.'

[henrik1967] 25/10/2020 13:01

Decent article on Scottish Gold and Scotgold in the Daily Mail, only 43 km from Erris licence

[henrik1967] 24/10/2020 20:16

Don't under estimate the Loch Tay project
Compared to the Giant Hemlo Gold Deposit in Canada

[tenpercent] 23/10/2020 14:42

She's trying

[gepetto100] 23/10/2020 08:30

Day-short term traders maybe, but those content with the long term benefits are still around in great numbers. If anyone hasn't read the Admission document yet I suggest they do - some hidden gems in there that not everyone may have picked up on. It's a weighty document but nevertheless an essential read if your invested in here, and before Monday

[erric] 23/10/2020 08:22

I think the smart traders may already have slipped out of the room un-noticed

[craffert] 22/10/2020 14:53

raid over ... one trading day left before the AGM which will hopefully confirm all the assumptions. Smart traders will buy in today before tomorrow's herd arrives in anticipation of AGM

[zooskeeper] 22/10/2020 14:27

It’s trying but buys drying up again - interesting play for tomorrow?!

[tenpercent] 22/10/2020 13:37

Next wave up?

[gepetto100] 22/10/2020 11:57

And before anyone starts the tamping crass argument Zinnwald Lithium as it will be known is literally 160miles from the new Tesla Gigafactory factory being built in Berlin orGiga Berlin (as its known) and as the article says, is expected to produce its own batteries, battery packs and power trains for use in Tesla vehicles

[gepetto100] 22/10/2020 11:51

Tesla has unveiled a host of ambitious plans recently, including starting production of its own batteries, as it prepares to face increased competition from other carmakers, many of which are increasing their focus on electric offerings.It hopes to start product at its new factory in Europe, outside of Berlin, in 2021, it said.