RE:Share value
Neither the PEA nor the Equity Research report are magic bullets that will propel the share price to $0.79/share.
They are two necessary stepping stones which will be used to promote the Piskanja project to NEW prospective investors.
Every current Erin Ventures shareholder knows the fundamentals of this project.
We also know about the next steps required in the mining license application process.
As for statements that we "didn't see huge amount of shares being bought up by MMG Capital" or "why didn't they jump all over it", do any of you know which brokers are used by MMG’s directors, officers, employees, advisors and contractors?
Is it possible that huge amounts of shares were purchased when the stock was trading at $0.05 prior to the release of the PEA or the Equity Research report?
As Shamrock58 stated: It is now up to the Erin ventures management team to sell this to the world with tangible results.
I wholeheartedly agree with this statement.
In my humble opinion, the share price will move up when NEW prospective investors will be exposed to the fundamentals of Erin Ventures and its Piskanja project.
Furthermore, I don't believe that it will take years for the share price to reflect the true value of the Piskanja project.
While I am also disappointed in the current share price, I understand that this is just the beginning of the Erin Ventures Piskanja project promotion.
Finally, I believe that some on this board don't completely understand what services MMG Capital provides.
If you think about what Erin Ventures needs to do prior to starting production, if they are not acquired by a major, MMG Capital are specialists in many of the things that need to be done (see below).
From the MMG Capital website...
MMG Capital is an independent, global, metals and mining focused, corporate finance and private equity advisory firm.
We are specialists in:
- raising equity and debt finance for metals and mining companies on a global basis, through our extensive network of institutional investors, private equity funds, debt funds, trading houses and family offices interested in the natural resources, and metals and mining sectors
- advising companies, private equity funds and trading houses, active in the metals & mining and steel sectors, on financing, mergers, acquisitions, divestitures, JVs, earn-ins, off takes, streaming, royalties and strategic partnerships
- identifying investment and acquisition opportunities within the metals and mining sector to meet the specific range of criteria of our Clients
We have a proven track record in providing innovative financing solutions to metals and mining companies over their entire life cycle.
As an independent firm, we are not attached to any brokerage firms or commercial banks, and as such, we are not burdened with any conflict of interest – our focus is entirely on optimizing the best terms and conditions for our Clients.