Erris Resources Share Discussion Threads

[neo26] 11/1/2019 13:40

Fact so far they have found high grade minerals between 140m to 400m south of the old abbeytown mine.

They took samples from the old mine in the pillars, all 8 encountered high grade minerals.

They said they will drill from the old mine via underground from two drill pads to test the continuity and grade of the new find.

Eris also says that they believe further minerals are possible past 400m.

MKT cap 3m for a company with 2m cash, and a potentially commercial brownfield asset. I think its very cheap.

Any decent news will lift this 100%+, look a naut today low float and news increased price significantly.

[uinsionn51] 11/1/2019 12:56

Very true fireman sam totally agree, let’s see how it pans out, erris defo needs positive results and positive newsflow from here but positive that volume build has been important in the run up to news, DH has plenty of skin in the game and do agree it was bad the bod didn’t put their hand in their pocket at the time, but sometimes there is method to the madness, hopefully see a few purses open on news

[firemansam4] 11/1/2019 12:36

uninsionn

My understanding is that the BOD cannot buy stock within a 30day closed period of pending news this has been down a lot lower than current share price so why hasn't the likes of JM and all the other NED's even MMJ bought at these levels. Why would they wait until after hopefully good results are out, they know already now what is there so they could delay news to suit the above requirement surely after all this is AIM :-)

I agree its a bargain down here, and hopefully it all comes off as DH won't be in the money until above 25p, but back in Oct/Nov this was at 6p surely that's when the BOD should have been piling in as opposed to purchasing possibly at 12-25p if they do? They have bought in HZM so they must be confident over there, hence my concern over here? I own both by the way but feel more confident as the BOD have skin in the game over there.

GLA

[uinsionn51] 11/1/2019 12:05

Fireman sam they can’t buy until after this round of results, seems people get edgy either way, people ask for promotion of an undervalued share and then it arrives and people bemoan the promotion of the share. All that really matters is that the next round of results are positive. Trading numbers are massively up the last 6 weeks, it’s on more radars and at the end of the day the market will decide value

[firemansam4] 11/1/2019 11:59

I agree Andrea, there are people that have appeared and are ramping this like mad especially on LSE BB! No need as you said results are what counts, we have had none up to date as yet last lot September hence why we need an update from ADP and a plan going forward for 2019. If its going to supposedly be that good why hasn't the BOD except DH dipped there hands in at the 5p - 7p level they have had the chance! So your right caution is needed and await the RNS which hopefully won't be long.

GLA

[uinsionn51] 11/1/2019 11:51

I think the words erris are targeting 8mt plus a 12% was spoken at an investor presentation, this was the reason they bought it to market, not proven but it’s the numbers the company have been putting about on presentations. Also so they were keen on this set of results to give guide to expectation

[rmart] 11/1/2019 11:15

Andrea152, you seem to be trying to keep the share price down, any reason?

[andrea152] 11/1/2019 10:29

There are some simply ridiculous claims being made with regard to Erris at the moment, both on the LSE BB and this one. Buyers beware - none of this is proven or official fact - especially the claim that Erris definitely have 8mt of Zn/Pb combined @ combined 12% Grade.

That is simply not true, as nothing has been proven. There is currently no 2012 JORC Resource or even a NI-43-101, so anything saying anything contrary to this is pure conjecture and speculation.

Only Abbeytown drilling results and either a Full Jorc or a NI-43-101 will tell us exactly what Abbeytown has got.

Perhaps that is what ADP is going to tell us - when he eventually gets around to communicating with shareholders - whenever that is going to be.....?

Also, projections about Sweden and Finland are also pure speculation, as nothing has been proven there either - except for the fact that Centerra is no longer funding Brannberg exploration & that Erris "MAY" , or may not, go it alone here. Also, Klippen is not going ahead either.

Sense of proportion needed, I think.

IMHO. DYOR GLA.

[rmart] 11/1/2019 08:24

Only 31m shares in issue in total here. Main holders below hold almost 50% !

Only approx 15m in free float and quite a few of those are in long term hands.

Floated at 25p almost 1 yr ago and the Ireland project is going very well.

DYOR of course.


David Hall 6,827,000 21.97%

Osisko Gold Royalties Limited 5,876,000 18.91%

City Financial Investment Company Limited 1,500,000 4.83%

Archean Capital Corp 960,000 3.09%

[uinsionn51] 10/1/2019 14:52

Andrea I have highlighted to the company your lack of response to emails , hopefully sorted now

[uinsionn51] 10/1/2019 13:55

1m trader todat 500k yesterday, afternoon to go yet could run much higher in the afternoon, first gap to fill is at 15.50, so a bullish move to there could be on the cards then another gap ar 23p

[neo26] 10/1/2019 13:07

Good reversal, small volume really move this...

[uinsionn51] 10/1/2019 12:40

Aiden has 400k shares too, red to blue looking very bullish MMs short of stock

[andrea152] 10/1/2019 10:49

Erris have been drilling underground at Abbeytown now since the 24th Oct 2018, so those results should be due fairly imminently I shud think.

Perhaps that's when ADP is actually going to put in an appearance and actually open his mouth to say something to shareholders ? I've sent him several Emails via the Erris Website, but no reply, to date, has been forthcoming.

It would also be nice to see other Erris Directors, (other than David Hall, who has 22%), buy some Erris shares with their own money, in the market, to show a bit of faith in their Company - much like the Directors at HZM (an Associated Company to Eris) have been doing recently ?


IMHO. DYOR. GLA.

[5chipper] 10/1/2019 10:24

Tempted to add seeing as m cap has gone back to cash in bank, but the spread is bloody massive

[neo26] 10/1/2019 09:52

AndreaNews is imminent, likely next week.

[andrea152] 10/1/2019 09:51

Or just Abbeytown underground drilling results - which we still haven't seen yet ? Nor have we heard anything meaningful from ADP, to date, to introduce himself to existing shareholders, as the new CEO of the Company.

Perhaps that is what the market was anticipating in that unprecedented share price move yesterday (up 40%) , on no news at all ?

Also need to know what ERIS are actually going to do now, in Sweden and Finland, now that Brannberg has apparently been given up by Centerra - rather than the last RNS, which was just a "Holding" statement by ADP.

IMHO DYOR. GLA.

[uinsionn51] 10/1/2019 08:36

Another mm has joined the party must be expecting a big move and volume

[thecashmoney] 10/1/2019 07:45

Bargain down here 150 percent discount to IPO and further down the line , won't take much to see it back at 25p

[neo26] 09/1/2019 21:06

Makes you wonder why the value has decreased.Since ipo they have had excellent drill results and they also found new copper zone.Rerate has begun..

[uinsionn51] 09/1/2019 20:38

On listing the value attached to the asset was 4.25m, fair value is asset value plus cash, so fair value here is 2m cash plus 4.25m asset = 6.25m or 20p a share, but the asset should have really increased in value as results so far have been very positive and no value attributed to work done or advancement of the asset. Value buyers in the market understand position value also the chart looks primed for a run back to 25p region, hopefully the increased pr and contacts from Anton will add to the turn around story here

[uinsionn51] 09/1/2019 20:32

Hi Andrea yip Aiden is a top bloke and I think his lady assistants name is Emer and the other young lady on site is Aoife, yes I had the pleasure of speaking to him too and a investor friend of mine meet him on site, I have visited the site myself it was an ad hoc visit and Aiden wasn’t there. I believe the news will be with us in the next week, as I asked Andrew today and he said he is just sorting the time and date which means the company has been in contact to arrange interview in conjunction with results. Could specific time and date as it will undoubtably be the day of the Rns, some building a position today. I do believe Anton will increase communication going forward new year new start, planning an investor event in the coming weeks too I will update you when I get the date,location and time

[5chipper] 09/1/2019 20:12

Mcap still just over cash.

Effectively getting Abbeytown project + funded European exp. programme for c500k

[thecashmoney] 09/1/2019 19:31

Word is assays are not far off release ,if the trend continues as we suspect .There could be some fireworks. Zinc very much in demand and this is a proven discovery . IPO at 25p trading under cash and limited free float . All the ingredients of a significant re rate .

[andrea152] 09/1/2019 16:26

As far as I can see, no RNS today and just a lot of flatulent air & wind. Podcast being lined up with Proactive, but hasn't actually happened yet, so one wonders why the share price is up 40%, apart from one guy on LSE saying he has bought 110k shares in the market. With a total issue of only 33m shs in issue I could see that moving it, but that is about all, so far - unless there IS news around the corner and ADP is actually going to speak to Investors ? Who knows.

AIM is a strange place.

Yep, Fireman Sam, Aidan is the main guy on the ground at Abbeytown and he is Irish and a very competent Geologist, or so I thought when I met him on site last year. Ditto, his Lady Assistant , Einar. Mind u, so was Merlin....... !

IMHO. DYOR. GLA.