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ECR Minerals - all the China Money now in! Like pulling Dragon's Teeth

By HotStockRockets | Friday 2 June 2017


Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


After numerous delays ECR Minerals (ECR) has announced that all the cash promised by Shenyang Xinliaoan Machinery Co Ltd in the 27 February £553,564 placing is in. As a result of the delays the Chinese had already coughed up about half of that amount in non refundable deposits. But now all the cash is in and new shares will be issued in due course. Phew! What a relief. This has been like pulling dragon's teeth. The shares have responded by moving ahead sharply - another winning share tip from the team!


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