Re: T&C Hows that sadomasochism getting on, enjoying it?I reckon you`ll have something to say as soon as this starts dropping again, funny how the negative posters go quiet when price rises, and the positive ones go quiet when it falls!!!Funny old game innit!
Profit!! I have £1.25p profit! Woooooow!!!!!I was in a big loss situation before the consolidation!Perhaps soon I might have £10 eh? BIG DEAL! Please potential investors, this post is very sarcastic.Have been voting up T&C's recent posts, please read them.LD.
Re: T&C No it isn't me and I don't post on LSE.If you check my profile you will see that I was posting elsewhere yesterday. I don't hold ECR, I got stop lossed out but I do have them in a virtual portfolio of shares I've flogged which I somewhat sadomasochisticly keep to see what would have happened if I hadn't sold. It's a way of assessing my judgement. Good luck to all holders. I am certain with the new management and backing ECR will go from strength to strength.PS, you can generally tell whether the same person is posting under another handle because the style of writing and use of language is hard to hide.
T&C Have you now moved over to LSE as `Johnyderampy`?Funny how he registered over there on Monday and started his tirade of negativity on Tues morning.Just wondering if it was you because it would fit in with me telling you on Monday about the lively discussion over there???Something smells a bit fishy, you claim not to have any shares in ECR yet you relentlessly post negatively here to the point of exhaustion, hitting the `strong sell` button almost as often as you can get away with. Whats that all about?
Re: Botmzup has changed my mind!! Well well, not sure if you`re being sarcastic or you did buy late on when you saw the price rebounding again, which was an excellent sign. Whenever there`s been a spike on questionable news in the past the rise just gets sold into and bought back to where it started.Not today though, this was a very strong rise on very high volume, and held on to most of it into the close. This was positive news today make no bones about it, junior explorers need investment and this new engineering and machinery company are a world away from the likes of GA who just raped ECR`s sp supervised by SC.If you read back over all of the RNS`s since SC `resigned`, or was pushed, you get a definite sense that the new board are no-nonsense movers and shakers which shines a spotlight on how incompetent and out of his depth SC was.This is what Craig Brown (CEO) said in the update RNS on 3rd Feb `17....... ECRs recently announced plan to drill the El Abra and JV prospects in Argentina is in addition to the drilling planned in Victoria, and as a result, the Company is set to enter a particularly exciting period with plenty of news flow.T&C, I think you may be putting too much importance on the amount of posters commenting on here having an effect on the share price, I couldn`t give a rats arris what others post on these sites unless they are informative rather than getting in to petty squabbles about opinions.I only posted today because I saw your `strong sell` negativity in the face of many positive recent statements and activities by ECR and its recovering share price, otherwise I probably wouldn`t have bothered.If you like reading plenty of opinions on ECR then try the LSE discussion, 37 posts today...and most are rightly optimistic.
Botmzup has changed my mind!! I have reflected on everything Botmzup has said and I've clearly missed the transformational effect the new management have achieved at ECR.How could I have been so wrong?All we need now is to get enough posts on this board, over 30 will get us onto the most active discussions list and then just think how many people will plough in and buy. It's a bleeping gold mine, forgive the pun!Good luck all, sorry for being so negative before, I'm truly converted now, what an opportunity.
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Further 6% dilution in Exec Options Should say potential dilution; the unambitious strike price is little more than 25% of current share price. It's interesting that all the RNS didn't come out at the same time today which would have shown the full extent of the dilution/potential dilution at one time. The initial one about the new Chinese investors was issued at 7.00 before the market opened the latter at around 11.00. I can't see a justifiable reason for this It is noted that these are unapproved option. It is hard to see how an approved option scheme based on results could ever be voted for and agreed even if you just consider the performance since the so called 're-birth' of this dog. The attempt at justification in the RNS for this unwarranted 'nose in the trough' reward is excruciating. It really doesn't matter what I say, I know that. I'm not really an interested party anymore as I do not hold the shares. ECR enter what has the potentially to be an orgy of ramping and after all, that is what the Director, the Chinese investors and some PI's are counting on.It has nothing to do with mining or exploration ECR is about speculation and getting in and out at the expense of others. Make sure you are not one of them Good luck all. AIMHO and DYOR
Re: Buying now @1.50p Buying now at 1.50p but now you say you bought at 1.17p which is it?'This is a new Company now' oh yeh it certainly is, one that had to give 30% of it value away in new shares for £550,000 and if you add it the value of the warrants that could increase to over 50% of it value.The reply is not specifically for you, just like the so called de-ramping sell posts were not for you either. This post is for those who read or stumble accross this board and maybe it will discourage those inexperienced investors, which you are certainly not, from ploughing in and giving this share the unwarranted momentum so that rampers can sell and get out, cutting them off at the legs, leaving them to hold the proverbial baby.AIMHO and DYOR
Re: Buying now @1.50p This isn`t 5 years ago, its today!You`ve been deramping these shares for ages so your advice to sell now needs another look I think.These Chinese investors are an Industrial Machinery company, not an investment fund, and they have locked themselves in for 12 months!I added more funds to this when they were 1.17p recently and am happy to hold with the frequent news flow due, as stated by the current board.You need to get Stephen Clayson out of your mind, this is a new company now with a recovering share price.Anyone who has spent the time to find a post I made five years ago says `desperation` to me.I`m in!ps don`t bother to reply, I don`t agree with you.
Re: Buying now @1.50p Your post on 6th December 2012, that is 5 YEAR AGO! This site (ecr discussion) is hard to understand, not too many months ago there was a frenzy of optimism...`2p by the end of the week` etc with the first Themac good news.Now, when the good news is starting to take hold its like everybody has died and no one wants to talk about it! Just the sort of time when the bottom is defined...`when all around are fearful` and all that.Wierd! END2p by the end of the week!!!!. Five year on and the shares that were then 2p have been consolidated. 200 of the old shares for 1 new share which is now trading at 1.5p!!!!!!!!!! Where has all the money gone? Answer in digging pointless holes in the ground and management wages and expenses. ECR have also instructed lawyer in the last month to fight for there 25% of some godforsaken project in Canada, more money down the drain.The price rise is a ramp, ride it if you can or want to try. The Chinese are not investors, they are gamblers who have taken a punt on ECR and are working for a payoff which is probably to buy the shares in the market and ramp them to the point where they can exercise the warrants on a rising market to dump the lot and get out. Take your chances if you want and try and guess the market but this is not an investment it is a punt on a shell company that does nothing other than talk and has never made a penny in profit from the very first day it was incorporated.They are parasites that live on the capital they raises and then spends, mostly on funding the lifestyle of management, employees and associated cronies. You are an experienced 'investor/trader, don't try to ramp others into this stock. You may get out on a profits but most won't. AIMHO and DYOR
Buying now @1.50p Having Chinese investors getting involved is great news.Solgold were at about 2p-3p when they received large investors injections with all the dilution that bought, they now trade at about 40p, in just over a year...and their gold is a mile underground!!!ECR mid price now 1.55p as I write.
Re: 30% dilution on the way as predicted ...and the buy price now up 26% compared to Friday under very high volume, you may not like it but the market says you`re wrong!Funny old game innit!
30% dilution on the way as predicted RNS today confirms the inevitable issuing of more shares to keep the gravy train going.The directors of ECR Minerals plc (the Directors are pleased to announce that the Company has conditionally raised gross proceeds of £553,564 (Gross Proceeds pursuant to a subscription by the Shenyang Xinliaoan Machinery Co Ltd (Shenyang or the Investor based in the Peoples Republic of China, for 55,356,391 new ordinary shares of the Company (Subscription Shares at a price of 1 pence per Subscription Share (Subscription Price (the Subscription. Conditional on completion of the Subscription, the Investor will also be issued warrants over 83,034,586 new ordinary shares in total (the Investor Warrants. Of the Investor Warrants, 55,356,391 are exercisable at a price of 2 pence per share and 27,678,195 have an exercise price of 5 pence per share. ENDOf course, should the warrants ever become redeemable the dilution then goes through the roof. The warrants are the bait to get the initial investment and it is now the aim of the new 'investor' to romance the share price to a level where their warrants can be exercised and dumped into the market to make a profit for them before the share price collapses again. Good luck with that one!All this for a paltry £553,564 but I guess this will allow the business to carry on skimming of wages for a few more months whilst the new investor plots their exit strategy right from the day of entry. They really are going to need a creative writing expert to produce the RNS reports from now on to pull this fiasco off, maybe one with a background in writing fiction?You really do have to admire ECR for their bare faced but legal, some might say, abuse (not me) of existing shareholders as they selfishly destroy yet more value in the existing shares.ECR have just performed a masterclass in dragging out the death of a business for nothing more than to drain the very last drop of wages and emoluments they possible can. ALL IN MY OPINION.The Management team should ashamed of themselves. Their actions are no doubt legal but the they are, in my opinion, morally reprehensible.BUYER BEWARE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!AIMHO and DYOR
Re: Who is out there Well you can be sure it isn't me!On the plus side there is probably more chance of making a return on investing in ECR than spending money on the lottery but that really isn't saying much.I suspect that ECR is effectively a shell company now. Having a listing on AIM may turn out to be the only thing of any real value, something to back into in a reverse takeover?The 1 new share for 200 old consolidation which still left shareholders with new shares worth less than 1p is quite startling because the only real purpose and benefit of this was to create the situation where raising yet more money to burn would be possible. Watch this space!The fact that this new lot are soldering on taking wages shows just how easy it is to abuse investors on AIM. The previous management, had they an ounce of integrity, would have liquidated the Business but as we all know, whilst there is still some money left to take wages, the pointless assessing and drilling of holes in the ground will continue until either the money is gone or all other methods of raise further funds in the market, by any means possible to keep the gravy train running a little longer, have been exhausted.Now for those who like to see how Companies like ECR sucker in investors you could do worse than watch this masterful performance from The Wolf of Wall Street.[link] out that the new CEO of ECR may have a little bit of the Leonardo about him AIMHO and DYOR