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Just on the Swazers chart thing... other thread... I like the chart and have some time for the analysis but I always invest or stay invested on more fundamental feelings/assessments...
These being:
Do I like the prospects for the company?
Do I think it could bag or multi-bag in the next 12 months?
Do I think it is currently undervalued?
Can I see a route for the company to make profit?
Is their logic and sense to the companies RNS statements (ie being truthful)?
Do I trust the current management?
In all these ai am happy / very happy to invest in ECR. The snides out there might point at the last one but I think they have so far warranted trust. No rubbish or mick-taking has been enacted. This is a BUY and hold.. chart or no chart.
That is an exciting Tweet !!
Oh, and if you need patting on the head. Swazers..
Yes, well done lad...
For stating what is probably one of the most obvious upward chart trends there could be - including the Golden Cross.
Anyway overall - Long may it continue!
I'm liking the sound of Blue Mountain more and more..let's hope ECR can capitalise during this gold boom.
Certainly looks like a turnaround. Fingers crossed they continue to get results with the reinvigorated BOD.
Swazers..trolling?!
Eh..
I do not understand the younger generation who seem so prickly .
I'm simply stating what I see with the charts. Which is basically what you see but I don't agree with the upper line channel.
Which was an anomaly. And if you think this is fancy English, I suggest you get a dictionary as it's pretty basic.
Strange behaviour from some folk these days
Https://twitter.com/BigBiteNow/status/1782760145413369932?t=GPji4vtPLTA8bZI-VhiYQA&s=19
Nice illustration of Blue Mountain......"Abundant gold" anyone?😃
Does this mean Swazers is wrong or Swazers is correct but he is wrong.
either way he said something about the chart he made.
Long live Swazers if he is wrong but inside is correct.
To be fair Swazers , you were saying it was bullish @0.34 and it fell to 0.29.
It's easy to be right when you say it looks bullish, but there is a critical support level.....then you are correct if it goes up and correct if it goes down.
At the end of the day this will trade in a range until newsflow drives the SP in one direction or another (like most AIM shares)
As my charting has suggested #ECR is at a critical level & we need to see further confirmation of support. I await today's close & see what the markets offer at this key level. https://x.com/SwazersC/status/1782751423299534873 https://www.tradingview.com/x/n08iUM4s/ so far so good. I like the way the SP is currently moving.
@Techtonic Your one of those dudes who explains charts with long words & sentences? it would be much better if you just said thank you for my charts, which have been bang-on since I dropped them. Trolling me for being 100% accurate seems a little daft. Oh well. Trolls will be trolls.
Chance in a million this, not to be missed :)
Those bulk samples should be due back soon, they stated they had been sent off in the video back on the 26th so we could be 4-6 weeks in.
……we need a catalyst…😉
It currently includes an alluvial resource reported to contain at least 100,000 ounces.
So only circa $230,000,000 before costs then ha
One can dream can’t they! New era for ECR kndeed. Bullish.
Blue Mountain -
Subject to the necessary permissions, we're looking forward to advancing the project potentially towards production-readiness.
Game on indeed!
Game on indeed.... the next phase... to 0.6, 0.8 the magic penny??
Good morning, ladies and gentlemen. Welcome to the 2024 Annual General Meeting of ECR Minerals plc.
Firstly, my thanks and appreciation to David Tang, our former chairman. It was an honour to take over from him in February and I thank him for the work he's done for ECR.
Since Mike and I joined the company in September last year, it's been pleasing to see a significant acceleration in the pace of operations alongside more stringent financial controls.
I'd like firstly to take this opportunity to provide shareholders with an update on our exploration plans in Australia across our projects in Queensland and Victoria.
With improving weather conditions, our field teams are preparing to return to Lolworth in Queensland. Initial assessments have revealed numerous gold-bearing streams as well as indications of rare earths mineralisation. The best indicators appear to be at our Oak Creek prospect.
Our upcoming trenching campaign aims to provide us with a better understanding of the subsurface geology which will be a key step towards identifying and then ranking drill targets. We remain optimistic about the potential for significant mineralisation at Lolworth.
Also in Queensland, our Chief Geologist is preparing for ECR's inaugural exploration campaign at Blue Mountain. Our preliminary analysis suggests that the historical work conducted by the previous operator presents compelling opportunities - especially for its alluvial gold potential. It currently includes an alluvial resource reported to contain at least 100,000 ounces. Subject to the necessary permissions, we're looking forward to advancing the project potentially towards production-readiness. Encouragingly, the landowners have expressed their willingness to work with us on the project which has further increased our confidence that the project could well exceed our initial expectations.
In Victoria, building upon the success of our recent drill campaign at Creswick, we have now re-established contact with the landowners at Tambo where we expect to deploy our team in the coming weeks. Rock samples taken from the project back in 2022 yielded highly encouraging results of up to 22 g/t, and we'll be looking to undertake a brief follow-up work programme before identifying optimal sites for drilling in due course.
Investors will be aware that last month we raised £585,000 - notably at a 71% premium to our last raise 6 months ago when Mike and I first joined ECR. That brings the total capital raised during our time with the company to £1.16 million. Along with the existing directors' salary sacrifice arrangements, as well as Mike and I accepting shares in lieu of salary, we are well funded and have the necessary working capital to undertake our upcoming work programs in both Queensland and Victoria.
I'm very much looking forward to keeping our shareholders up to date on what we expect to be exciting developments over the coming
We saw the same between 0.19 - 0.25 for a few months before the range broke and the same will happen here. There's too much news in the pipe to risk being out. It's interesting they used the work "collaboration" in the TMS Q&A. Dare I say that, could this end up being a JV in time? They're obviously keen.
On the downswings of the yo-yo....... they will run out of string in the end....
In touching distance of 12 mill shares :)
They need to break this constant cycle of trading which has been constant since August. My last post was a bit premature, yet again the bid is being battered on low volume. Rumour has it that it's some well known "holders".
Dangling the carrot of potential production at Blue Mountain... landowner willing to work with ECR... price of gold sky high.. simple alluvial system so sift through the earth for those nuggets we saw....$$$
Another potential source of revenue
Would they do a trial run? what sort of scale initially? Is the gold predominantly in nugget form? Looks like it is. Looks like cash in the ground.... hmmmm !
Hopefully things get moving this week, been rather stagnant since the raise! Intrigued to hear upcoming Blue Mountain updates and how they are planning on spending the raised cash!
The TMS Team catch up with ECR Minerals Chairman Nick Tulloch and discuss current operations, the recent share placement and Blue Mountain.
https://total-market-solutions.com/2024/04/ecr-minerals-plc-4/
…..what we need is a catalyst to kick it all off…… in the last RNS we’re the words “very soon” used were they not?…..😉
A good summary BH. We may be treading water around .30 but the fact that it's holding during low volumes is significant imo. Since August we have seen large sells hit the bid to take it down to create a trade, that seems to have stopped which suggests traders are not willing to take the risk.