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Hey sausage... I think you just disappeared up you own hole there... no need to report any significant intercepts. Strong work ...???
Ahhhhh, TalkingSense, no worries, you enjoy your golf, I can see where the problems lies, in two places;
1) You state "tricky one to interpret , but I would guess". So what you posted was in fact your interpretation of the results rather than fact. Ok, that is good of you to acknowledge TS and thank you for stating you interpreted.
2) I don't think (my opinion based on what I've read) you understand the difference between ABSOLUTE and RELATIVE figures. (correct me if I'm wrong). To help you
"Absolute terms describe a set quantity, while relative terms make a comparison. So, rich and happy are absolute terms, richer and healthier are comparative, relative terms. A relative term if a comparative term......you’ll see authors confuse “healthier” for “healthy”. These aren’t the same thing." Just as wide and wider are not the same thing.
Of course I will provide a link from where I draw this information from https://tinyurl.com/3w9fnsuf
You see in your last post you state " with the greatest widths" whilst the point we are discussing is "greater widths are yet to be reported for the re-tests" Greatest (absolute) is not the same as Greater (Relative). Whilst I can of course see the ABSOLUTE figures in the RNS as can the ECR investment community, no where does it state in the RNS or the tweet that the greater (relative) width will be released later. That is what you stated "The holes that had the greater widths are yet to be reported for the re-tests" I can see the absolute values but you have made a 'relative' statement. So I again politely ask that you provide a link to the where ECR makes the RELATIVE statement "The holes that had the greater widths are yet to be reported for the re-tests"
I do acknowledge that I've strayed into adopting a normative approach to your epistemological model, which can be confusing at the best of times, but I'm sure you have clarity on your own epistemological model and I wouldn't want to patronise you by offering an explanation.
All the best with your golf, and remember the 2nd hole is 287 yards and the 5th hole is 487 yards. These are absolute figures, whereas the 5th hole is longER than the 2nd hole is relative.
I look forward to reading the RELATIVE statement from ECR via your link.
*round of gold = round of golf (lol)
Sausage,
Doc's (*My ...lol) post contains the phrase "our pending best holes due shortly" ....that's a tricky one to interpret , but I would guess that means the best holes (the ones with the greatest widths) are due shortly.
Also the link in my 17:00 post give you all the holes with the greatest widths...I'll post the link again although I cannot believe that you actually missed that and I'm sure the investment community will be reassured once you actually read the information the company has provided.
Would love to stay and play today, but got a round of gold to play.
https://www.lse.co.uk/rns/ECR/creswick-drill-results-indicate-larger-ore-bodies-d3tegaz5yaj4oao.html
Significantly, this drilling campaign has demonstrated quartz/gold mineralisation continuity in the Creswick area with results having the hallmarks of a potential future small scale operation.
HIGHLIGHTS
● Two high grade results of 8.87g/t Au and 8.06g/t Au over 1 metre.
● Far more significant is the extensive broad mineralisation demonstrated in several holes where contiguous gold is present at 3.05g/t Au over 3 metres, 2.25g/t Au over 4 metres and 1g/t Au over 5 metres.
● This compares very favourably with historical mining operations elsewhere in Victoria with broad mineralisation where those grades averaged around 0.7 g/t Au.
● Aggregated 51 metres of mineralized quartz.
● The drilling returned significant intercepts with evidence of anomalous gold within 14 of the 15 holes drilled.
● Bulk sample testing at Creswick has indicated in the past both greater prevalence and higher grades of gold and this is being carried out now on the results for Kuboid Hill.
TalkingSense,
Apologies, but I click on that link and it takes me to a tweet that states
"Today's RNS highlights the upgrade from some of the marginal material, giving us encouragement for our pending best holes due shortly, in addition it demonstrates our re-analysis of drill core due to antimony being present with high anomalous gold #ECR"
Again nowhere in the tweet does it state anything along the lines of "The holes that had the greater widths are yet to be reported for the re-tests" and "first four holes which were not the higher width".
The tweet then contains a link back to this weeks RNS, which I've read many times and does not contain any reference to the width of the holes.
I wonder if you have accidently posted the wrong link? I wonder if I could politely ask that you have another look and find an ECR RNS or official document (rather than a tweet) that you must have read in order to ascertain the information you posted i.e. "The holes that had the greater widths are yet to be reported for the re-tests" and "first four holes which were not the higher width".
Thanking you again in advance and I am sure the ECR investor community will be reassured once the correct link has been posted.
Thank you Mr Pedantic.....
The bulk sampling re-tests were for four holes.
The initial results were for the last two.
If you read the previous drilling results RNS you will see which holes reported results over greater widths (as you have great knowledge I thought you would have known which ones I was referring to). I've put the link below to help you
https://www.lse.co.uk/rns/ECR/creswick-drill-results-indicate-larger-ore-bodies-d3tegaz5yaj4oao.html
And, as you say , they probably need to get a greater amount of drilling information to get to the position of being able to infer a resource which is why I wanted the next steps to be progress 'towards' that aim.
And how will the SP react to the remaining results....INo-one will know until we get those results (but thanks for your guess)
As requested Sausage...link below
https://twitter.com/DDS_DocHoliday/status/1787729616087466255?t=dH_PKYhjp1YSdTpcqaolNg&s=19
TalkingSense,
Just a correction, the RNS concerned "bulk sample results for the first "four" reverse circulation drill holes as well as the final "two" holes drilled at the Kuboid Hill prospect in Creswick earlier this year" So in total the RNS covered 6 (4+2) drill holes not 4 as you state.
You mentioned in a previous post "The holes that had the greater widths are yet to be reported for the re-tests" and again mentioned it in your last post "first four holes which were not the higher width". I don't read anywhere in the RNS about the width i.e. that the narrower widths have been reported and the wider width holes will be reported in the future. Please could you post a link to a RNS or an ECR document that states that the holes with the greater widths are to be reported at a later time. Thanking you in advance.
Correct me if I'm wrong, but when the RNS states "ECR has received final results from bulk sampling for the first four of the 17 RC drill holes at Kuboid Hill (being KHRC012, KHRC008, KHRC009 and KHRC015). Only KHRC012 generated any reportable results from the bulk sampling" If KHRC012 was the only RC drill hole to generate any reportable results, do you consider KHRC008, KHRC009 and KHRC015 drill holes to be duffers? i.e. no reportable results.
You state "There will be more interest around the remaining 11 holes including the 'interesting' ones." and you ask "Will that be enough to shift the SP significantly" I think the key word you identify is "significantly". For me, if ECR just come back and say (which I'm expecting them to do) there is more gold, bigger gold and across a wider area. A fairly standard jam tomorrow response, then it's 50/50 on whether it moves the sp up, and for me a slim chance of it moving up and staying up significantly.
However, if ECR tasked an external independent geological company to come in and fully assess the whole range of bulk sample results to give an independent measured, indicated, and inferred statement then I think that would light the touch paper of ECR. I would add, looking at the RNSs, I don't think ECR have enough results in the data vault to hand over to a outside independent geological company at the moment to generate that independent measured, indicated, and inferred statement. I certainly wouldn't have confidence in an independent measured, indicated, and inferred statement if ECR published it today (that's my own opinion/ belief).
Afternoon Peeps........!
the labs that are testing those remaining samples won't be going away in May BTW........! :()
All the best (so it's a hold/add IMO...........! :()
And there was never going to be a huge reaction as this week's RNS was only for the first four holes which were not the higher width/grade holes.
There will be more interest around the remaining 11 holes including the 'interesting' ones.
Will that be enough to shift the SP significantly ....????
Hopefully with the full 15 holes results we will also get an update on the next steps at Creswick .
As you say Sausage , a plan towards getting an inferred resource there would be a major boost.
We will wait and see.
I agree regarding the comms and l posted similar points last week, you can saturate sentiment quite quickly. As for the reaction to Tuesday results, the market wasn't fazed because the market wasn't awake, in fact the market hasn't been awake for the last 3 years. Look back 12 months and ask yourself if the company is in a better position now that it was back then. There is always going to be an element of Jam, that's how these AIM companies survive.
Dan,
But it is the type of news flow that is key.
If the Board are simply going to tweet, go on Stock Box, create their own Creswick video that pans across gold samples and shows someone rolling an unidentified item (presumably gold) in their fingers all in a monochrome video - showing gold in a monochrome video is never good, do ShareTalk interviews, do Zak Mir interviews but all they are telling the market is the same rehashed announcements that they are again drilling, trenching for samples to go to the lab. Or they tell the market that in those bags of samples there was a bit more gold, then the market is simply going to see this as jam tomorrow. Look what happened to the share price after Tuesdays RNS. The market wasn't fazed by "Significant increase in gold grades at Creswick" because it's just jam tomorrow.
In terms of the gold they now need a measured, indicated, and inferred statement from an independent person. I'm sure someone will post that you can't get the second before the first but clearly the market didn't buy in to the RNS on Tuesday this week. Simply talking about samples, talking about waiting for the laboratory, then talking about a few more results appears, in my opinion, to be losing faith with the market.
In terms of the other news flow items, the same principle applies.
Personally, I'd rather they kept away from the scattergun media contact and just spoke about each development as it happens.
Just my own personal opinions, everyone is entitled to their own view on events.
Scarlet - and you chose to tell us all. We are very grateful :).
I better sell all mine now and follow you like a sheep. So so grateful. I bet you will comment again soon even after you have sold.
Yup…. and so undervalued
You'd struggle to find another stock with as much news flow in the pipeline.
……Doc knows the markets, stand by your beds 😉
Great to know! Bye......................
Thanks for the info , sold my shares and moved to something with more imminent news and more reliable
So i guess nothing until october then
It looks like the traders have taken an early Summer and who can blame them. It explains the selling we've seen over the last couple of weeks. Sell May and all that....
Looking great or looking better? I think you mean looking better...
Just catching up here, looking great now. A JV would be perfect!
Buys printed as sells through the afternoon and now the Bid is over the Ask for same.........? :)
some squeeze that........! :)
All the best (hold on IMO.......! :()
Keep on stating ‘manage expectations’ doesn't help tbh. Just say it once and move on :).
Anyway we don’t know the reasons for stating the above, maybe to keep price down and letting some mates get in. Don’t believe for a minute they will not do that after they have found better grades of gold. The sp will go again at some point when the dust settles.
It's surprising how quick the mood can change and t's hard to believe that we're sat at this price. It was 0.20 when AH decided to leg it after steering the ship into the rocks and a lot has happened since, but that's AIM. Naturally some will sell has the sp drops and from looking at the trades since last week the fish and chip traders have had a go and decided to bolt. How low this goes nobody knows but it's not through lack of trying by the BOD or a "dodgy" placing.