Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Good morning everyone, and thanks to Dill and Talking Sense for their replies yesterday to my questions. Hopefully a good day ahead, just waiting for that all important news to drop. Stay safe.
Australia will want as much gold out the ground in the next 5 years, gold is going through the roof and that will save their economy, maybe they will up their R&D grant. You never know maybe Itagon will get going again as the Philippine government realise gold will save them
...bring on the first JV, both parties will want that sorted before summer
And of course during the Aussie winter they managed to get rid of SLM Argentina project whilst retaining a royalty on future production, as well as the sale of Avoca, Moormbool and Timor gold exploration projects in Victoria, Australia to Fosterville South Exploration Ltd which pulled in A$500k in cash, and up to A$1m for indicated or inferred gold, and up to A$1m for produced gold.
So they have been using their time well, managing to get themselves in to a position where they are focusing on Bailieston and Creswick, with the comfort of now sitting on £1.5m accumulated via placings and sales.
Bring on the summer.
......in one of the interviews Craig did (carnot remember which one) he said that personel working in the gold industry are treated as key workers (maybe not key workers but allowed to keep on working) and no operations had been affected
I just hope like everybody else that we will get a JV that everybody is happy with
Dill is absolutely correct, pointless putting forward a drilling programme for Creswick when a JV will massively upscale that programme.
The effort over the Australian winter has been in supporting the Due Diligence for the prospective JV, streamlining our projects/expenditure so that we can concentrate on Creswick & Ballieston and completing more comprehensive ground exploration of Ballieston o prepare for a drilling programme for which we have already had the fundraising (plus some nice extra cash from warrants being exercised).
Craig Brown stated in his last interview that the Australian summer is the best time for drilling , so when they announce the ground exploration results this month I expect that they will announce a comprehensive Ballieston drilling programme either at the same time or very shortly after.
I don't think we have being affected....we are waiting for JV ......because if we start drillingit might be completely different from what the other party want.....if we get JV then a full drilling programme will be announced...its all about the JV for the time being
Talking Sense, do you know if we are affected by covid at all or are the workers living on site? Perhaps that might be a good reason for no drilling? I know that some mining companies keep their staff on site to keep them safe, don't know what policy ECR have? All I do know is that it makes so much sense to do this.
I believe we have another 5 pending applications, mostly adjacent to our current licenses
...ECR have so much acarage and don't we still have lisences awaiting approval?
I have to say personally well done to CRAIG BROWN he has turned this company around - THANK YOU
No drilling at the moment.
We are due ground exploration results for the Ballieston license in August so they could arrive any time.
Also Craig Brown said there would be an extensive drilling programme to be released soon for , I think it was, Blue Moon, Cherry Tree and Cherry Tree South within the Ballieston license which would indicate that the ground exploration findings will be positive.
I don't think we will get a drilling programme for Creswick until the JV is agreed as this would dramatically upscale any drilling that ECR would plan alone on that license.
I believe no drilling at the moment they are waiting to see can they do a JV
Is there any drilling taking place at the moment,i know they have the cash thks in advance