The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Fair play Gino, let's hope the BoD presents news that significantly moves the SP upwards. GL
I think Andrew H will put a stop to anything without a future. His credibility at ECR hinges on his ability to streamline, as that is clearly his mantra.. Flogging dead horse projects will end in tears and he knows it. IF HR3 is justifiably more than the market gives it credit for, then brilliant.. At least we'll know when the remaining results are back.
In the mean time let's get cracking on the big plays!
To be fair, for far to long the peanut gallery have sat and shouted off about negativity, because it doesn't suit there rose tinted specs view. Then start questioning folks positions when they them self are traders with a tin pot in the game - at least that's been put to bed for the time being, let's see how many of the doubters are invested as much........
Now that being said HR3 and 4 were one man's geology experiment and with lack of credible leadership was allowed to push forward. That doesn't take away from the knowledge that has been gained however has created minimal value....if any. The results are very poor and I think taking ownership of that would go alot further, although most of the long termers here had it marked as a waste years ago, so not as unexpected.
Go back to my posts circa page 7 and 8 and beyond and this was called back then and now we are at a 50% drop in those short 12 months. Overall market blah blah blah, HR3 should have been stopped a long time ago and saved our money.
My true hope is HR3 and HR4 are put to be after these final results and we don't go back to it. That's my hope under Mr H's leadership.
Being realistic isn't negative.......its reality
The other thing Adam and the rest of the management will know is what the XRF measurements are of the seven cores we are awaiting assay results from.
OK XRF isn't a perfectly reliable substitute for atomic absorption or flame assays for JORC standard assessment but they generally correlate within 10% or so.
I doubt that management would be quite so positive re todays assay announcement if they were concerned that the next drill hole results were looking weak on the XRF assessment
License approval and JV will. As will blue moon & anything substantial at Creswick or QL.
I get Gino’s sentiment, and don’t hold it against him for being frustrated. Let’s hear Adam out, they seem to think they’re onto something at HR3 that us lot are clearly oblivious too.. Flannel will be picked up on though as we’ve had a lot of it over the years.
If the strike covers a massive area and the veins can be simultaneously mined, then it could still hold a sh*t ton of the shiny stuff. We know Victoria is narrow vein, mines exist that tackle these structures commercially so let’s keep positive.
September onwards definitely looks juicy! With 7 HR3 assays still waiting to drip feed in.
GLA
Yes , the news has budged the sp , perhaps for a few hours .But that is likely to be very short lived .If they ever come up with some good widths and grades combined , like a good few other juniors then fair enough .But the amount of gold found so far at any of the tenements is simply not enough to ever justify a mine .And that is the bottom line here . A turn around of fortunes will only ever come with spectacular drill results and not ( which has been the case for so long now ) lip service . Hr3 has been , up to now , very dissapointing , and expensive. A breakthrough now is entirely dependent on a big hit .Nothing else will initiate a sustained rise .
Regardless of how irrelevant we may think this is it is still news and it helps to budge the sp then it's welcome. I understand your frustration but having had weeks of nothing this, albeit small is most certainly welcome in my eyes. Hopefully upcoming drilling plans will also be released this week.
Only the 40K invested here to shut up most of the doubters:
https://ibb.co/Kz64Nvk
HR3 is not doing anything for value creation....simples
Gino, are you still even invested here? I suspect your recent enhanced negativity coincided with you selling out? I suggest investing in a company that you believe has a positive future and where you believe can make some money. Clearly not here by the sound of it....
HR3 is a waste of money.....it always has been
Go back to my posts for July last year and beyond......
Sadly we were already committed because the tail was wagging the dog at that point, the board aren't going to say......yeah the results are poor, of course they are going to pit lipstick on a pig
Fundamentally does nothing for the share price
ECR CEO Andrew Haythorpe commented: “I am delighted to report to you the latest assay results from HR3. Despite the well documented delays in receiving these assays, and with results from a further seven drill holes still to come, I believe that Technical Director Adam Jones and his team are doing an outstanding job in uncovering an asset of increasing significance for ECR. The grades at hole BH3DD032 demonstrate potential cross-asset consistency, building on the previously reported grade continuity from holes BH3DD035, BH3DD012, BH3DD019 and BH3DD034, and establishing what we believe are two mineralised corridors within the Maori Anticline.”
“This is an exciting development for ECR. I look forward to reporting the results from the seven drill holes still to come, and on the upcoming Blue Moon drilling campaign.”
ECR Chairman David Tang added: “I commend this excellent work by Adam Jones and the team and reiterate my previous comments that myself, Andrew and the board are eager to see the true scale of the Bailieston asset.”
HIGHLIGHTS
Best results in BH3DD032 are 0.2m @ 4.81 g/t Au and 0.4m @ 6.11 g/t Au beginning from 154.1m downhole.The results link to previously drilled holes revealing two potential mineralised corridors within the Maori Anticline (see announcements from 8 June 2022 here and 11 July here).
A generalised section of BH3DD032 referencing the following paragraphs can be found at the link below;
Fig 1: https://www.ecrminerals.com/images/2022/fig1_BH3DD032_Section_220808.png
BH3DD032
BH3DD032 was drilled at depth and on section underneath holes BH3DD019, BH3DD034, BH3DD035 and BH3DD033. The aim of drilling BH3DD032 was to test the continuity of mineralised structures identified in BH3DD019. This structure was drilled through at 118m with an anomalous result of 0.2m @ 0.59 g/t Au. Drilling continued to pass through the central core of the Maori Anticline at around 145m in depth. A narrow quartz-sulphide fault with associated tension veining at 154.1m downhole produced the best results with 0.2m @ 4.81 g/t Au from 154.1m and 0.4m @ 6.11 g/t Au from 154.3m. Fault movement indicators show a south plunging system, as predicted from earlier drilling. BH3DD032 also passed through a perpendicular vein system at 249.7m grading 0.4m @ 2.4 g/t Au from 249.7m and 0.9m @ 0.72 g/t Au from 250.1m and 0.2m @ 3.06 gt Au from 256.8m. Drilling ended at a depth of 260.6m.
TWO MINERALISED CORRIDORS
Discovering a system of veins... seven holes to report.... it builds into a picture nd the veins will go deeper...
Blue Moon still to come.... Creswick RC still to come... Queensland..... all to come
Why bother? Because that is what explorers do. ATB BH
Why even bother?