ECR Minerals PLC – Total Market Solutions [Video]

It’s just a matter of time for ECR Minerals 

“…do you think you managed market expectations about when this sale would happen…”

“…the big clue is the buyer has engaged professional advisors. We now have a stronger balance sheet than the vast majority of small mining companies. With that balance sheet we can advance Blue Mountain, we can advance Tambo, and we can break the mold…”

When ECR Minerals announced it was working out a way to realise value from the accrued A$75 million of tax losses in its subsidiary Mercator Gold Australia (MGA), there was scepticism and gentle applause in equal measure.

Here was a novel way for the Australian gold explorer to do a bit of a spring clean that would see the sale of non-core assets and MGA’s liabilities, with buyer and seller both benefitting from the transaction.

The tax losses for the buyer could be worth in excess of A$20 million if those losses are usable, but as …