Scouse whinger Doc Holliday will be on the phone or email within minutes of this article appearing saying that he still cannot afford a few quid a month to read my articles but he’s convinced that I am being beastly about ECR Minerals (ECR) where his all too brief boardroom spell is over but he still has shares. For once he’s right.
Just when you think that the world of small caps cannot get any more sordid along comes this. It truly is shocking. On May 13 Doc Holliday run ECR Minerals (ECR) announced that it had called off talks about buying Maximus Minerals Ltd 10 weeks after announcing the all share deal at 0.33p. It cited “certain unforeseen structural challenges regarding Maximus that will increase the complications of successfully concluding any such transaction”. That is one way of putting it.
So the timeline now reads: Thursday last week, ramptastic video interview with Doc Holliday. Monday this week, hugely discounted placing, no doubt aggressively forward sold. 24 hours later, bad news. It all looks a bit unfortunate and the shares are now 0.305p, below the 0.33p subscripti8on price. It is lucky that there was a window for spivs to forward sell.
As you can see below, Mike Whitlow/Doc Holliday recorded an interview on behalf of ECR Minerals (ECR), which he now runs, which went out on November 21. The interviewer was Andrew Scott who is also a NED at ECR so it is not exactly a full on Paxman style grilling. So this hard sell recording went out on Thursday, this morning ECR announced a subscription, raising £950,000 gross at 0.33p.
The old scouse scallywag was in fine form. I make no secret of strongly disapproving of a couple of his business associates but Doc seems almost plausible on the matter of ECR Minerals (ECR). My stockbroker is instructed to have me shot if I try to buy shares in a non dividend payer but there is, I suppose, a case here for having a small dabble ahead of Doc's share issuance target day. Forgive a brief phone interruption, enjoy.
ECR Minerals (ECR) is almost out of cash, if it does not raise cash very soon by issuing new shares it will go bust. Look at the last results and even Stevie Wonder can see what a terrible mess it is in. This is not opinion it is fact. Spiv broker Novum Securities will need to be doing yet another deeply discounted placing PDQ to keep the lights on. But it gets worse, there are management changes.
We have sad news today from ECR Minerals (ECR), the sudden death at the weekend of its CEO Craig Brown. I have known Craig for almost two decades since his days floating what was Kryso Resources, now China NonFerrous Gold. When I was at a low point Craig was not - like most folks - someone who joined in the kicking. That marked him as a decent guy in my book and I returned the favour when he fell out with China NonFerrous. Naturally, my thoughts at a time like this are with his daughters and other family members especially as Craig was only 51.
Shares in gold-focused ECR Minerals (ECR) have recently risen strongly to a current 1.7p offer price but that follows not having previously joined in with the gold surge – they having commenced this year at 0.725p and the market cap is still comfortably below £10 million...
Hello, Share Troopers. Though I keep nudging myself, I’ve yet to invest in ECR Minerals (ECR). What interests me though is that though the venture is mostly gold prospecting, the risk is spread around different sites. So if a patch fails to yield anything of commercial value, there could still be a chance with its other projects...
Hello, Share Primers. Say what you like about gold explorers, there are a few that try really hard and deserve success. It’s a risky business, prospecting, but the rewards, if they come at all, can be dazzling. And it’s a reasonable strategy to have at least some fun money in this field, given the rosy prospect that some commentators expect on this scintillating website for a rising gold price...
Hello, Share Travellers. Though the Footsie is moving up, there’s scant news to keep things bubbling along even faster. As usual, at this time of year, more traders are on hols with their kids and volumes go down. So by way of a change, may I bring to your attention a gold explorer in Australia. Sounds risky - and of course it jolly well is...
Hello, Share Turners. Say what you like about Fulham-headquartered ECR Minerals (ECR), it is a company which likes to keep its shareholders up to date for every step of the way. It seems to me hardly a week goes by without it posting some news or other. The danger is that we tire of reading everything and consequently miss something which is important...
Hello Share Treaders. Down under there is a precious metals company called ECR Minerals (ECR). With gold values possibly set to rise in a difficult environment for most other shares, it might pay to have a gander at this one. ECR’s wholly-owned Australian subsidiary Mercator Gold Australia has Avoca, Bailieston, Moormbool and Timor gold exploration licences in Central Victoria.
It's my fault but I have rather lost touch with the ECR Minerals (ECR) story but here is Craig Brown to explain the current state of play.
