Episode Details
Back to EpisodesECR acquires significant new near-term gold production
Episode 2373
Published 2 weeks, 1 day ago
Description
ECR is acquiring Paleogold Ltd, an Australian gold company with several significant gold assets. It takes the total number of assets in the ECR portfolio to ten, and means that by the end of the year the company will likely be running three separate gold producing operations. The latest deal is being funded by a complex combination of shares, cash, and convertible notes, but nearly all of the payment is deferred. The idea is that these new operations will end up paying for themselves. Nick Tulloch, ECR's chairman joins Vox to explain how it all fits together.