New CEO...... "I would like to reassure shareholders that the Board and management of ECR are doing our utmost to stabilise the Company and move the business forward with confidence."mmmmm, fine words..... something tells me I have heard them there words somewhere before.......
Not much longer before Metal Tiger............ ....................... clean up at bargain basement prices?Read Metal Tigers last RNS cryptic clue at the end?AIMHO and DYORECR shareholders about to be screwed? That's AIM for you.Might as well hold if you have any shares because for most this will be pocket money and you might as well play poker with it. Wait for the turn of the card even though we all know this will end ugly, we just have to see, don't we!
Finally...hes gone MTR have sussed out Clayson.. was totally out of his depth.. that last podcast he did was his obituary. sounded like a school boy..
Re: RNS - More dilution should be illegal to dilute the way this mob doe
Re: Metal Tiger to buy ECR assets????? The fact that PJ has moved over to MT, yes, I can see something happening of that description...When I first looked at ECR I remember watching some video clips of a presentation the BOD made... very convincing stufff about keeping the share holders fully informed and at the heart of their work with the goal of returning full shareholder value.... well, we know where that got us!!!Oh well, back to the day job!!
Metal Tiger to buy ECR assets????? What price would you give on this happening.ECR who are currently playing out the 'dying swan' scenario will blow all the money they can raise progressing projects until, they run out of money. Metal Tiger who have Paul Johnson working with them, previously of ECR might be ready to step in and buy the assets of ECR in any resultant 'fire sale'. This would all make perfect sense given the current funding for more testing would not be wasted if Metal Tiger picked up the assets at a later date. They would no doubt take up the tax losses and probably for a fraction of the true value.Guess what existing shareholders would be left with?I know absolutely nothing, it is all supposition and opinion so DYOR and, as I said, AIMHO.
RNS - More dilution Guess this will now sink to even lower levels....Bye bye ECR.... your time is sooooonnnnn uppppppp no doubt!!!
Re: MTR involvement This is not a collaboration with MTR. This project was not brough to ECR/MGA through that route. Read the RNS on 3/3/16 Section "Effect on Metal Tiger Agreement" That RNS is around when they dumped their shares for a healthy 80% profit. I doubt we are on speaking terms with them at the moment as it looked like them going off in huff before ECR had to rasie funds which would have dropped the price below their entry.Shame some people still think everything is negative. Those of us that have been here a long time have seen a number of moments that turned into false dawns. I have effectively written off my holding here so I am feeling more open minded and want this one to succeed to actually generate some kind of revenue. No idea when that might be but it would be great news. And should something come out of the blue from SLM in the meantime then we could be sitting pretty....okay, maybe just less ugly but we're long overdue something positive that isn't just sentiment. Perhaps this is it.
MTR involvement All part of a collaboration with Metal Tiger announced in Jan this yearNo doubt PJ will make an announcement too.
RNS Yep, as thought..... more testing again.... go on ECR spend your money on testing, then test again... test to see if the company is still breathing and then test to see if you can get more cash out of the markets..... you couldn't make it up....A word of advice ..... "Dig the stuff up and sell the fracking stuff..."LOLRant over..!!
Re: rns cpr Wrong board, not easy to get FRR to look like ECR.
rns cpr The money spent on the CPR values the resource like a damp squid!
Re: Lot of volume today? Another good volume day on Friday as well... plus a jump in the price... showing a good % uplift... it would be good to see something solid tomorrow....
Lot of volume today? News on the way?
Re: RNS What struck me was this bit which is important."The Investor and its affiliates, associates, partners and insiders are prohibited under the terms of the Facility from holding a net short position in respect of Ordinary Shares at any time, and from assisting or enabling any other person to do so (including by lending Ordinary Shares)"