city watcher
14 Feb 2017
Who is out there Who is owning up to buying these and why ???????????
The Man With No Nickname
27 Jan 2017
Re: price rise.... They're going to restart work at the Argentina prospect. It's going to be amazing. We are all going to be rich! Rich I tell ya! And they'll need money to do it ... And it'll take time ...
bsr
25 Jan 2017
Re: price rise.... No, I guess you are right on that one... especially since the consolidation......
Tired and Confused
25 Jan 2017
Re: price rise.... No idea, but in reality has it really helped anyone escape the bid off spread trap?
bsr
25 Jan 2017
price rise.... Am a bit suspicious..... anyone know of a reason for the recent rise?????
Tired and Confused
03 Jan 2017
Interview with a Vampire.... .... was some would say a great film.In any case the premise of the film and the habits of vampires have some serious similarities between ECR and many other 'lame duck' Companies which make a living on the peripheral of AIM in those dark and dingy places 'penny share' dreamers frequent. Don't Vampires suck the living blood out of their victims?THIS IS FOR ANY POTENTIAL NEW INVESTORS: A health warning, or should I say wealth warning, if you like.In the coming year we can expect more revenue raising from the 'reinvigorated'and 'transformation' BOD and many new avenues of exploration. The approximate 97% destruction of shareholder value consolidated by the 1 new for 200 old shares, A CONSOLIDATION WHICH GAVE NEW SHARES WORTH LESS THAN 1p!!!! will be carefully ignored as they boldly go where others have failed before exploring mediocre assets, discarded and disregard by successful 'miners' time and time before. Each one will be dressed up prettier than a 10 dollar wh-ore (forgive the pun) with glowing inferences of profits to come but, as anyone who has followed ECR knows, will never be achieved.ECR is nothing more than a vehicle for generating wages for Management and those drilling, or facilitating drilling, pointless and doomed holes in the ground. The track record of this sorry excuse of a Business is dismal and only a fool would invest in ECR given the opportunities elsewhere. Never-the-less, these warning will fall on some deaf ears and those who invest on the same basis that they would buy a lottery ticket will plough money in on the hope of getting lucky.Thought you might have a New Year dabble on some penny shares? Well move along and consider yourself luck if you read this in time. Investing in ECR has been the triumph of hope over experience for years.AIMHO and DYOR
Tired and Confused
21 Dec 2016
A fool and his money are soon parted AIMHO and DYORBuyer beware!
Tired and Confused
15 Dec 2016
Reality of 1 for 200 consolidation Even after a 1 new share for 200 old consolidation the shares of ECR are valued below 1p.This staggering reality, simplistically broken down, equates to pretty much each £1.00 raised through recent placings and other financial mechanisms being spent down to just 0.5p, 99.5 pence in the £1 totally lost, never to be recovered.Investors dream of getting a 10 bagger, not even the least sophisticated consider a 50 bagger, let alone a 75 or 100 bagger but that is what would be needed to recover the years of attritional waste that has been the sorry history of this management money cow.Yes we have new management but as ever they will turn out to be just another set of rotating 'heads in the trough' as more and more funds are spent prospecting and on management wages.If they find a rich seem of gold, they'll need to raise further funds to explore and evaluate, if they 'strike out' then all the costs are wasted and ECR either folds or have to raise more funds to keep going. Either way, a placing with further dilution, upon dilution, upon dilution will be announced soon. Almost unbelievably they will find a way to do this. AIM has a broad spectrum of listed Companies but I am afraid ECR are a shocking example of the very worst. Management nonchalantly ignore catastrophic losses as if they hadn't happened and predict a bright future. You really do have to admire their cheek.The old adage says 'a fool and his money are soon parted'.Those PI's considering investing in ECR would do well to remember this.AIMHO and DYOR
Tired and Confused
12 Dec 2016
Interview with Bill Howell, Chairman [link] mention of how they are going to fund ongoing prospecting and wages.More of the same me thinks from a 200 to 1 consolidated base and so the sorry cycle starts again. Interesting test results will be announced and they will need to raise more money to pursue them.You have to admire the bare faced cheek of it all having lost million and million of shareholder funds already.AVOID this is a money pit!
Tired and Confused
30 Nov 2016
1 for 200 allows ECR to plumb new depths Now I wonder what constitutes a respectable period of time before they issue some more shares and warrants to keep this gravy train going. Just before Christmas to pay bonuses for executive performance?New equity will be hard to get away so look out for a whole raft of shares at about 0.4p or maybe lower. They would have to be low enough for those stomping up the cash to dump them in the market at a slim profit immediately ensuring the existing shareholder pay the real price through further dilution. Do the BOD have all skill sets required to audition for a new production of the Wizards of Oz. Surely they must be lacking a brain if they think they can turn this around, they must be lacking a heart by disingenuously raise the hopes shareholders, and what about courage, the courage required to do the right thing and to close this down without taking more wages and fees.I thought we might see assets, such as they are, being sold off and 'peanuts' back to shareholders but it seems they may be going for the option to bleed this business dry before finally burying it.Time will tell.AIMHO and DYOR
KNEES
30 Nov 2016
Re: 1 new for 200 old consolidation this is becoming a regular theme on AIM, its the second time I have been consolidated out of the game, just a total loss, if you aint got enough skin in the game your out, does not sound legal
Tired and Confused
09 Nov 2016
The gravy train continues I'm guessing the prospect of creating shareholder value by drill more holes in the ground with other peoples money will deliver about as many results as the promises made by Donald Trump in the US election.One thing is for sure, they will need more money to keep this money spinner for management going!ECR rises from the ashes of burnt PI's to fund another day in cuckoo land and burn a few more?AIMHO and DYOR
Tired and Confused
08 Nov 2016
Another board change And where is the money coming from to pay him?Oh, let raise some more money guys, anyone for a placing 
Tired and Confused
07 Nov 2016
1 new for 200 old consolidation A new high to fall from !
Tired and Confused
13 Oct 2016
Lined up for a reverse takeover? Something going on?
