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Can do nothing but Agree
Well nobody knows how low but the Creswick results now are more important than ever. I'm prepared to sit it out and see .The trouble here at the moment is that Mister Brown has promoted the company's tenements a great deal in the last year .He mentioned that we were under priced at 4p .Up to now we have seen no real progress with drill results at all . Compared to other companies our results have been poor. Theres no dressing that up but that won't stop some people trying .When you talk the talk , you gotta3walk the walk. Up to now where the results are concerned there has been very little walking. Hopefully the Creswick results will be favourable and perhaps some progress at Bailieston generally. Otherwise people will look elsewhere and leave .If you look at the current sp. ( The real truth machine) that appears to be what some ate doing ? Results are everything. And in the last few years , we haven't produced anything. Craig Brown has been at Ecr for 5 years now so he's hardly new in the job to be fair . We need a positive end to this year .Progress sp Wise has been utterly dreadful. Despite all the this time next week nonsense. It's a longer play than many thought.
Resident troll now cashking but half term will soon be over ;)
It Would Appear Our Paul’s Scare Tactics Backfired ... Lmfao ....
sorry not Australia just USA tax year ends Dec.
@TS end of tax year for USA investors (Sprott?) and possibly Australian investors too DECEMBER
I think news of the new drill munching away will help too, not to mention the looooooong awaited license news (which we were told was due soon months ago lol).
Also, apologies if that first sentence came across slightly untowards. It wasn’t meant to. I respect your posts and input, just commenting on the differing opinions on here after those latest results.
Mentalmax, just observations which is allowed. We all know the potential of Creswick (I think), but the initial HR3 grades were hardly cause to get excited about either, or lift the share price. And that’s what we’re all here for
And before anybody mentions the phrase “structural drilling”, I’m fully aware and ECR isn’t the first company that begins with structural drilling, but you still want to find the goods. Structural drilling is an obvious bi-product of drilling these deposits with the company collecting more and more data with each hole. HR3 phase 2 beginning, probably looking at assays in the new year I’d imagine with how results have been reported this far
So back to it, what are near term expectations? I don’t think anybody could really put a number on it, I don’t think anybody thought we’d be back at 1.5p, I certainly never but we’re here. The Creswick assays are not do or die but they have the potential to seriously uplift sentiment here and drive up new investment. Give us a story to buy into and focus moving forward into 2022
Always useful and healthy (for me anyway) as a shareholder not to turn a blind eye to poor results and cast them as something they’re not. It was clear to the company in that RNS they were disappointed and good to see them acknowledging this, and will rectify it.
Digest it, understand it and reassess. It’s also not healthy continually looking backwards so let’s hope there’s plenty of high grade assays awaiting us in 2022. A large land package, time to find the sweet spots.
So bipolar sentiment here!
One minute we’re building 2 mines, license and JV talks etc; the next we’re going busy because a few of cherry tree’s first diamond drill results weren’t great.
Make up your minds lol!
Happy to hold, it’ll take a lot more than Cherry Tree to derail the potential here; although pukka grades would have been most welcome.
Paul, surely a bit early to be worried about end of tax year...straw clutching there?
Why are you still posting here...I thought you'd moved on???
I think you're totally missing the point. A good percentage of the market DOES trade using this type of analysis. And frankly look at any of the junior explorer space and their recent great assay results, as detail by both AG & LW previously, and assay results don't count as much as where traders want to trade it... AT THE MOMENT.
Paul, double bottom or triple chins have never been more irrelevant here. Basically, the assay results from Creswick once released will make or break this company in the short term and nothing else matters. Selling because you fear it might fall by 0.4p is not an option if you want to be in when the Creswick RNS drops
Every possibility now this may retest the more recent 1.40/1.45 low, if this holds it will form a good double bottom, to trade against the multiple 2p top - solid range.
If 1.40p doesn't hold then I don't know, could easily spike down to 1p depending what else is happening in the market - don't forget some traders will be looking to book tax losses as we approach the end of the year.
Guys we should be careful comparing ggp and ecr….
Ggp has a market cap of almost 700 million
Ecr has one of less than 17mill
To say our results need to be even half as good as ggp’s to see a rise is silly….
Imagine we get results 1/10th as good. And we reach 1/10th of ggp’s mcap
That’s still over 4 times from where we are now.
If we are keeping it simple that’s as simple are it gets
From 17mill there is every chance some bang average results see us rocket
Cannot see it going lower than this CS... bottom......
Maybe the question would be how far could this go with good assays.... ?
Unfortunately, there are companies releasing some incredible results right now and the share price is not reacting. GGP has just released 120m at 10g/t (with 0.66% Copper) and the sp has actually gone down. Same thing has happened with Cora's latest set of fantastic results.
Of course we want these next set of results to give us a lift and lift off. But I agree with AG1989 that as an absolute minimum, we want, in fact need, these next set of results to at least be good enough to hold the share price. It's at a key level already and we don't want this level to be breached, because its hard to see the next likely support level. We also won't then get drilling results for some time?
So IMO, at the very least, these next results need to leave us with our sense of hope and expectation around CresWick relatively intact. And to give some kind of credence to comments made by CB and of course his property purchases.
Well for me cs it's not just about breaking 2p, it's holding the current share price where it is. Even a 20%+ increase on todays price wouldn't shift this above 2p now
It's certainly not do or die but as LW pointed out the other day, the poor showing from CT puts extra pressure on these upcoming results. From previous drilling there's nothing to suggest the results will be bad, and the more they're drilling, the more they'll understand about the structure at Creswick. If they begin to deliver future plans about Production opportunities at Creswick, and/or Bailleston for that matter, this will appeal to new and existing investors.
I've seen Oriole fall from a £30m down to £8m with some strong results along the way. £15m is certainly no support but with current cash balances , drill rigs and assets, they have the Resources, and potential new acquisitions to work with to kick on. Need to start seeing the results soon before the next fundraising.
If we don't hit a strike at Creswick or have good assays soon which produce commercial results has anyone got any predictions on how low share price could go?