Orosur CEO Brad George looks forward to life as an AIM explorer with a major gold project secured. Watch the video here.
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.....my work here is done.
I’d Say Rod Went .... When Kirsty Was Promoted ..... A lot Of These Guys In Aus Work Bit/Part For Numerous Companies .... Search The Web It’s All There ...
The other question in my mind is , what happened to Rod ? Not heard of him from about the same time as the assays were due!
Having been investing for the last 15 years I reckon I can count on one had how many AIM listed companies I've seen that have played by the rules (most of the time), we have no idea what goes on behind closed doors. A wise man once said, believe nothing that you hear and only half of what you see. What we have seen is a reluctance to discuss anything Creswick related to the point that it's been dodged in an interview more than once, we know for a fact that Alan Green would have talked about this. What also know is that the Creswick assay were sent to the lab a while ago and we've had others back since, presumably which were sent after. Meanwhile we have an average Joe building a hefty stake, miraculously without raising the SP (sorry if you're reading this Colin but we know sod all about you). A JV was never taken off the table and Craig dug his heels in over getting the right deal, perhaps the big boys have had a rethink. There's certainly dots to join.
Price sensitive is whatever the broker decides but as broker they should be advising the company , usually they require any company to issue bad news immediately and are happy for any RNS to have a negative tilt but usually get the editing pen out if any company is trying to be positive .
Anyone's guess wtf is going on except those in the know.
.....6) the prospective JV partner is mulling over the assay results (under NDA) as ECR want a better deal based on the results
LO - depends on how you want to interpret the meaning of price sensitive, and who's going to check that interpretation. Which of the following is price sensitive:
1) XRF readings that aren't encouraging.
2) Stage one assay results when you are still waiting for stage two results.
3) Poor results from one hole, but when you are waiting for results from the rest of the holes.
4) You have the results but they have not gone through your company's procedures for processing/reviewing them.
5) You've sent them to the broker and await the broker's response.
You can see the wriggle room that companies have when it comes to releasing information and its timing. All IMO
I was told , rule of thumb , that if something is price sensitive then it requires an RNS , broker decides but they can hold it back whilst asking for corrections on the RNS write up.
I have no idea if there is anything price sensitive about the Creswick assays and anything we say is speculation . Keeping shareholders totally in the dark whatever the case is does a lot of damage to the sp as it erodes trust in the company .
There is a reason that AIM is called the 'wild west' of investing , there are very few rules and if those with money choose to ignore them they do!
Hi QB - 'yes', 'no' and 'it depends'. 'Yes' the rules are quite clear in the requirement to release price sensitive information to the market. But as ever, these things can be stretched/elastic, and its all down to interpretation, context, other rules, the practices of the individual companies (including sharp practices) and regulatory enforcement (or lack of?). I've been pulled up in the past, by knowledgeable posters, when citing the AIM rules as requiring 'rapid' release of price sensitive info, telling me that's a populist but incorrect view/myth that gets repeated a lot on bb. Who knows?
IMO thought, there's probably all sorts or ruses and rule interpretation (bending?) that companies use to not release bad news in a hurry to the market and kick the can down the road - then wait for a better moment to release/bury the bad news. I could think of a number of ways of achieving this when it comes to exploration results. I would also imagine that a company could justify not releasing results to the market as part of a NDA/commercial negotiations, not least because a lot of these transactions will involve an equity component/valuations, which can all be impacted by release of news. You often here people speculate around so called 'news blackouts' and then suggest that there must be some kind of confidential deal being done.
As it happens, ECR has been releasing CresWick news to the market, albeit about the licences and not the assay results....
I find it amusing that someone would have such a massive interest in ecr as our Colin has, without some kind of knowledge as to what's going on
Often Bitcoin, the simplest answer turns out to be the right one :)
ECR Minerals PLC (AIM:ECR) said it applied to renew its exploration license EL006184 for an extended five-year term.
EL006184 covers land owned by one of ECR Minerals’ 100% owned Creswick projects and is operated by subsidiary company Mercator Gold Australia Pty Ltd.
EL006184 was central to MGA’s exploration strategy and activities during 2021, when it conducted the first ever diamond drill program within the area.
The renewal of EL006184 also complements the recently approved licence EL006907 sited south and along strike of the mineralised belt towards Ballarat, Victoria, which the directors believe hosts the source veining for much of the alluvial gold within the Creswick deep lead alluvial system.
Once the renewal is granted, the company expects to return to recommence work at Creswick, following completion of current operations at Bailieston, Victoria.
“We are pleased to report that ECR has completed the application to renew Creswick exploration license EL006184 for an extended five-year term,” said ECR chairman David Tang.
“Together with our recently approved licence EL006907 covering the Ballarat East Nerrina Goldfield, this area provides access to the Dimocks Main Shale strike zone, believed to host the source veining for much of the alluvial gold within the Creswick deep lead alluvial system.”
The fact that the shares are being bought in ECR, doesn't mean IF there is any connection/knowledge, that it is with/through ECR. It could be the other side of a JV. Much better to be buying pre JV shares in say GGP (the junior) than Newcrest (the major), for example. Of course, its all pure speculation/guesswork, and I have no idea, but if we are speculating, then worth considering all angles.
Plausible hop, love it :)))
I believe that Colin ‘The safe’ Braidwood’ is a Security advisor and owner of a government backed firm. The initial assays at Creswick were so staggering that Ecr have been granted special dispensation to erect substantial security fencing and guard towers prior to releasing the news. Colin was tripping over so many nuggets when he was surveying the site that he couldn’t resist buying in. Just a theory for a Friday. DYOR.
Are they waiting for confirmation of adjoining licences .... get more for the full Jigsaw.....
I know Fosterville have new tenements granted....... We shall ....certainly makes sense......
Bitcoin - Surely not (?_?)! And likewise - enjoy the weekend!
Legal/Tamer et all - would an NDA on a JV trump the AIM rules for the Creswick assays? I can understand the details of the JV not requiring disclosure until signed but can the results of the assays be kept from the market because of an NDA?
With regards to Creswick assays - 1. pure delay.
(Am I correct in believing in-house readings, assays and interpretations don't have to be released 'without delay' as not independently verified?)
Therefore with regards to bigger strategies around Creswick... the game's a foot.
Have fun all...
@bitcoin - I have to say there could be something in that drinking buddy connection as without wanting to come across too stalker-ish but I did notice Colin’s DoB would make him 51 this year so same school/college/uni year or other similar connection perhaps….;-)
Option 2 for me JV, NDA
Yep... understand that QB.... BUT who know what secret Craig has taken with him to the afterlife........
Sure he was Colins beer buddy ....
ATB and have a great weekend
Legal/Bitcoin. I do enjoy your posts and they often provide some useful scenarios to consider. It's worth considering under what conditions a company can keep the lid on a pot of information... be interested to see how that impacts the scenarios
AIM Rules for companies.
11. An AIM company must issue notification without delay of any new developments which
are not public knowledge which, if made public, would be likely to lead to a significant
movement in the price of its AIM securities. By way of example, this may include matters
concerning a change in:
— its financial condition;
— its sphere of activity;
— the performance of its business; or
— its expectation of its performance
I'll leave you to hypothesise...
Been watching the buys ... Our Colin is a one man ECR support system,,,,,,
I reckon he's onto something.....
You never do wrong following the smart money...
That's my take...... Some profound news ...on the back burner...or in the warm oven waiting for the right moment......
Ha Ha Ha Legal..... Bitcoin is not Colin....Pockets not deep enough.....
My Hypothesis........ Creswick.....2 options......
Assays not up to much....but good info from the holes...... No one hits the bulls eye every time ..fact finding is important...
does not continue one way so must be dipping the other.....like a clock...Never Eat Shreded wheat..... North ..South East West..... You gotta drip to get a handle on the location.... maybe..... and these geo holes have been held back as the SP has already had a needless beating or.....
The results are mega and in discussion with a JV partner........ in a closed period.......
Now been no director buying ...and Colin might well know who is interested ....... might be a relative...might be a mate ....might be a business partner ....slowly sweeping up the stock at peanuts.........
How are people joining these CresWick dots:
1) June - hit gold in the first hole drilled
2) July - further encouraging results in subsequent holes
3) July/August - very bullish interviews from Craig Brown and Adam - "there is going to be a mine at CresWick"
4) Sept - Property purchase at CresWick
5) Sept - finished drilling at CresWick and moved to soil sampling
6) 15 Oct - first TR1 re Colin
7) Since then, not heard anything about the CresWick results and its been nearly 4 months. Has ECR even claimed delay specifically in respect of the CresWick assays?
8) Share price slides, CB passes away, but Colin doubles his holding
How are we joining these dots?
1) It is all down to delay and nothing else?
2) JV pending hence no releases to the market - but concluding JV has possibly stalled due to CB's demise?
3) Bitcoin is Colin? :-) :-) :-)
4) Something else
Yes luck, particularly after publicly stating that they are always available to answer questions.