Erris Resources Share Discussion Threads

[5chipper] 27/6/2019 22:40

Thought that was a pretty solid update. Cash same as year end.

Seems like they have no desire or need to place and are looking to jv Abbeytown.

Projects progressing in Scandanavia which could lead to a significant windfall and eyeing up further opportunities. V. happy to hold to mcap sub cash and cash position not decreasing in value over 6 months. Well run company with large mgmt shareholdings.

[5chipper] 20/6/2019 08:46

Managed to pick a few up

[cbh123] 17/6/2019 20:13

majority of that was in one buy! Interestingly just keeping themselves under the 3% level- someone wants in but not to be disclosed (or maybe a director .. we would see soon).

[5chipper] 17/6/2019 18:18

1m shares is massive volume for Erris of late!

[cbh123] 17/6/2019 15:36

something is up here guys. Market cap below cash and suddenly rising on very little volume.

[cbh123] 17/6/2019 15:25

More cash than market cap

[cbh123] 17/6/2019 15:22

Maintained a disciplined approach to expenditure and well-funded for 2019 with a GBP2 million cash position.

[cbh123] 17/6/2019 15:21

heads up - blue!

[andrea152] 20/5/2019 16:18

I understand that they are still drilling underground and making some further links to the ox Mountains fault, where David Hall thinks Copper could also lie, at depth, but it is all VERY quiet from a management info point of view & none of the mngmt seem to want to talk to shareholders abount plans & projections.

The forecast Investors Meeting which was supposed to happen just after ADP took over, never happened at all, so I guess it's just for mgmt. to know and shareholders to wonder ATM.

I should be getting worried about cash too in another quarter, as that last £2m won't last forever and the environment for raising new money at present is very poor.

IMHO. DYOR. GLA.

[riotinted_specs] 14/5/2019 15:06

I would grateful appreciate if someone could share with me what's next here and what are the associated timelines with particular interest in the Abbeytown kind? Thank you

[5chipper] 15/4/2019 20:37

Tick up at last! Still lots of value imo.

Looking forward to the next update

[resourceful] 05/4/2019 08:57

but surely they are running down cash at an alarming rate
Admin of 700k !!!

[babbler] 05/4/2019 08:23

PAT was quiet too... before it 7 bagged. over time... or 12 bagged from the low...

[5chipper] 05/4/2019 07:24

Looking good.

Cash of £2m

Profitable at an operational level with income from Centera

[5chipper] 03/4/2019 21:11

Value will out!

We have an excellent investment proposition with a mcap equal to the current cash balance which is backed by large industry operators and run by an experienced and alligned geological mgmt team (DH & JM)

[andrea152] 03/4/2019 11:46

Eris seems to be suffering from a terminal lack of interest.

PR is woeful, which is a real killer on AIM and Management don't seem interested in communicating with Shareholders at all.

Everything we were promised at the IPO has utterly failed to come to pass. No wonder Merlin left.

I have Emailed and called ADP several times, but all to no avail. He just dusnt want to talk to me and I am a substantial shareholder in the Company.

IMHO. DYOR. GLA.

[riotinted_specs] 27/3/2019 13:16

And the superb RNS we were looking for

[ducatiman] 15/3/2019 15:30

Overhang cleared?

[5chipper] 15/3/2019 15:28

Perhaps the news many were waiting for

[5chipper] 13/3/2019 17:15

If you exclude the 1.5m trade day then today has smashed the previous record for volume

[uinsionn51] 13/3/2019 13:10

Grades higher than first estimates by the company too and the silver credits looking fantastic

[uinsionn51] 13/3/2019 13:08

12What’s the potential value in the ground, could be getting bigger on extension results in 2 weeks, prices now higher than this too
Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1m per week or $163m a year. As it’s a brownfield site it means very low capex, this could be interesting for some of the big players currently looking for sites in Ireland or a smaller player looking for a manageable project with low capex they could mine easily. Should get a good guide from the next set of results which are due in the next couple of weeks, company also saying will be giving guide to what the size of the resource is, but don’t forget already identified extensions
Positve Newsflow. Since we have found extension and now drilling further this above resource has the potential to double in size more updates in Q1 with regard to expansion and looking towards economic value

[uinsionn51] 13/3/2019 13:07

ZINC Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the U.S.-China trade dispute could spur even more gains.Benchmark zinc on the London Metal Exchange at around $2,760 a tonne is up around 15 percent since the start of the year, but stands well below the 10-year high of $3,595.50 seen in February last year.

“It’s a story of shortages and depleted stocks, we’re looking for a price rally to at least $3,000, possibly above $3,500,” said Wood Mackenzie analyst Andrew Thomas.

“If we get a trade agreement between China and the United States, we could go above $3,500.”

[bckttsim] 13/3/2019 12:05

Extremely low m/c for commercial assets.Cash in bank for 2019 Couldn't wish for better.So much upside..

[bckttsim] 13/3/2019 11:08

On the move up now !