Share Name Share Symbol Market Type Share ISIN Share Description
Erris Resources Plc LSE:ERIS London Ordinary Share GB00BFN4GY99 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  2.10 20.69% 12.25 2,155,632 16:18:07
Bid Price Offer Price High Price Low Price Open Price
12.00 12.50 13.15 10.05 10.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.01 -0.48 -1.45 5
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:09 O 114,290 12.15 GBX

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Date Time Title Posts
20/10/202023:03Erris Resources - Zinc (Ireland) & Gold (Sweden)458

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Erris Resources (ERIS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-20 17:26:1012.15114,29013,886.24O
2020-10-20 16:15:009.88400,00039,500.00O
2020-10-20 16:15:009.88268,72026,536.10O
2020-10-20 15:21:0712.5025,0003,124.98O
2020-10-20 15:21:0112.038,000962.00O
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Erris Resources (ERIS) Top Chat Posts

Erris Resources Daily Update: Erris Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker ERIS. The last closing price for Erris Resources was 10.15p.
Erris Resources Plc has a 4 week average price of 5.50p and a 12 week average price of 5.50p.
The 1 year high share price is 13.15p while the 1 year low share price is currently 2.25p.
There are currently 38,836,787 shares in issue and the average daily traded volume is 1,012,036 shares. The market capitalisation of Erris Resources Plc is £4,757,506.41.
craffert: 90p would require them to do a deal for the remaining 50% of the Zinnwald lithium project which is held by the administrators of Solarworld AG. To do that deal today would cost £4.5mn (90 million shares @ 5p.) Nope. They have already done the company making project deal with Bacanora. Instead, my expectation is that Zinnwald management will rapidly move to raise the debt for capex, and get an offtake deal in place for the output. After the initial re rate to 30p after the AGM, I expect the debt and off-take milestones to take the shares into the 40p-60p range. Then they can then do a deal with the administrator for the remainder of Zinnwald, when the cost will still be £4.5mn but the method to achieve will be much smaller dilution than today - they can either send shares the administrators way or do another placing at 60p a share to raise the £4.5mn (7.5mn shares) When that happens the prospect of 90p isn't as outlandish as you suggest
craffert: £24mn of market cap value transferred from Bacanora to Erris via Zinnwald In return for BCN getting a 44% shareholding in Erris Market cap £4mn at 10p a share Re-rate to 33p coming here in the blink of an eye
lazygun: I’d like to see it reach Erris ipo price of 25p L.
lazygun: Ok, Buying in the open market now, and ensuring your shares are on the register at 27th October means you will qualify for the distribution of share certificates in Erris Gold Resources. It’s only holders of the current shares in issue of 38836787 shares who will receive the EGR shares. So, anybody buying now up until I’d guess 3 days before the 27th (to ensure the share register is updated properly) will qualify. And post EGM, there will indeed be roughly 204 million shares in issue. Erris/zinnwald will have approx €1 million euros, + €1.35 million euros, + £3.75 million pounds, less placing fees, less €400k euros that is being given to EGR, as cash in bank, plus 50% ownership of a late stage near/medium term producing lithium project based in Germany. So mkt cap wise, this will mean zinnwald will be about £15 mill mkt cap at current sp, compared with savannah resources, cadence minerals, Bacanora resources mkt.cap, all of which are higher than eris at the moment. Also note that the zinnwald project is I believe at a later stage of development than the lithium projects of all these other companies (comparing with Sonora in Bacanora Case of course). And I’ve been given to understand that a single individual has subscribed for £1.5 million in the placing - about 30 million shares. So what kind of return do you think that person is aiming for? I’d imagine they’d be looking for multiples of their investment back, so that would translate to be looking for multiples of the current share price back, in my view L.
craffert: BCN market cap before this surprise announcement was £99mn. After the fall £86mn. So BCN have shed (transferred) £13mn of value to ERIS. But so far today ERIS have added just £1mn of market cap, despite the shares rocketing. It may take the market a few days to work this out but the bottom line is that £12mn of value has not disappeared. It's going to reappear somewhere, and my hunch is at Erris. This looks like a company making deal for them.
jusjusjus: Baconara (down 10% today) statement says they will also pay EUR1.35m cash along with selling their 50%, can't see that written in the Erris statement? "Under the SPA, Bacanora will be selling its 50% share in DL plus EUR1.35m cash in exchange for 90,619,170 new shares in Erris ("Consideration Shares"), together with a net profit royalty."
fishyneck: At what point do you need to be on the register though. It says after the proposal and resolutions are passed? So if you buy today do you get the share in the divestment? Do the new placees get the share in gold? When does "existing" start? The placing was heavily over subscribed. fn
lazygun: It’s ONLY a rumour, but eris might be returning tomorrow. If I’m wrong please don’t shoot me down, it is as I say only a rumour L.
lazygun: If that’s the case, and it does indeed have some good deposits in the ground, it’ll go far higher than 11p. 39 mln shares in issue. 10p is only £3.9 mln mkt cap... 2, the original ipo price is £10 mln mkt cap.... Even a far fetched £1 a share is only £39 mln mkt cap. Tho, you’d expect eris would need to be much closer to production as with scotgold... But, to get there, first you got to find gold, then do a drill campaign to prove up a sizeable resou4ce which will need additional funds, so likely further fund raises are going to be needed down the line...therefore, reaching £1;a share probably less likely in the longer run, unless it stumbles across resources on a scale that matches greatland gold for example....not sure i can see that happening least not in the foreseeable future I’d like to see eris do a fund raise, and use some of the proceeds to buy into a near production NSR. Interesting thought.... what about talking to scotgold. Offer them some of the working interest in loch Tay in exchange for some NSR on cononish? L.
like2share: 11p+ target Sunday Brunch #BulletinBoardHeroes, 9th August 2020 @ZaksTradersCafe video charting update. Erris Resources #ERIS hxxps://
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