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Great find Lucky, thanks for posting
Another believer and a nice comparison to GGP....
I see similarities
Would that not be the best case scenario ever.......
Afzal Valli, yeah i saw that. He's hot on the small cap AIM companies and no doubt some of his 11K followers would have made a purchase
Seemed vastly oversold regardless and hopefully the recent 20% climb can be followed by subsequent holes from Creswick and Cherry Tree. Set up very well from here
Positive Sentiment returning, fundamentals strong, drills turning.. what’s not to like!
Looking for a base at 2.2p (placing price) before another move up as news flows.
GLA
That's better now up 14.99% 1.84 to buy
Afzal has picked up on it now (scroll down) he is a good guy and not usually in for a quick turn. https://twitter.com/andrew_neal7/status/1420347742900080642
2 drill rigs, plenty of cash in the bank, drilling progressing at pace at CresWick & Bailieston and another potentially exciting project in Queensland on the horizon. I think the sellers over the past couple of days may be missing out on stellar returns over the next few months...
PaulFG - I agree. We are confident about getting them but the actual announcement/confirmation generates its own excitement and momentum. A bit like this second drill rig, we knew about it from the interview, but the actual RNS confirmation has generated its own excitement. I would imagine that any RNS about new CresWick licences will be very well received here and that will be reflected in the sp.
I took Tambo as Rod Bouchers pet project LW (Boucher town) , I'm sure they will get there at some point but the need is to focus on certain areas like Bailieston and Creswick and seems as if the next move will be to Queensland and I can understand that considering the possibilities there.
I like Queensland quite simply because it has been difficult for others to explore but gold finds of 24 million ounces in the area will have them looking for a source on the tenements, I have a feeling they will need a chain saw and mosquito nets to get in there and a tracked vehicle but it should be worth it with all of those tributaries running down to the river.
Mentalmax - I think it's only a matter of time really before we get them. They are uncontested. The current drilling at CresWick (and Baileston) will have advanced our case and credentials in the eyes of the licensing authority in terms of existing and additional licences. Furthermore, we know that ECR were in discussions with the authorities over the CresWick licences earlier in the year when they were discussing a JV. We've never had any noises from ECR to suggest that they are not confident about getting them and most recently the geo has indicated they are "ready to be pushed through".
So IMO it is looking like a case of "when", and we look like we are moving close to this.
If we were granted, just going on Adams last interview that will change ECR potential dramatically.
Donald - with all the exploration potentially to come here (CresWick x 3 licences, Queensland x 3 licences, Baileston x 4 target areas) sub 2p looks like a pretty safe investment level. The icing on the cake would be the contested Ballarat licence, but we are looking pretty good even without that IMO.
(What's happened to Tambo though?)
I hope so Legal! That would give the SP a massive push in the right direction!
Mentalmax - I think AG1989 made a very good point a few weeks back, that moving our licences from "accepted" to "granted" might not be solely down to the licence authority, but also down to ECR, because the 5 year licence period will commence from the date of grant. In the recent interview, the geo mentioned the additional licences at CresWick in terms of increasing our strike length and said they were "ready to be pushed through".
Therefore, ECR certainly looks ready and to receive (i.e. explore) the CresWick licences, so putting all of the above together, are we moving close towards them being "granted"?
Agree legal wolf...
ECR are laying foundations got the next discovery...there is a real sense of momentum behind the company currently and the second drill gives ECR a real advantage.
All assets 100 % owned
I wonder if ECR purchasing another in house rig will have implications on upcoming licenses? As well as being able to drill Queensland in he short term, will it also give ECR more clout to be accepted for a few or the more competitive licenses?
For those of in here with a bit more of a longer term view (however you define what long term means), at least we have some sense of guaranteed newsflow and expectation for the next 18 months. We have largely and understandably been focussing on CresWick and Baileston, because that's where the drilling has been, but it would be good to start looking at the potential re our Queensland licences, as it looks like we might commence drilling there when the new rig is operational. The Queensland licences did sound exciting but tbh, there was too much going re CresWick/Baileston/JV/drill results at the time they were announced that they didn't get much attention on this bb.
Grounded comment Lucky.....
I think research ... a bit of luck, gut feeling, sentiment....
One thing is for certain.... with any mining share...
YOU GOTTA BE IN IT TO WIN IT......
GLA... Looking forward to the next RNS.....
Nice to have a red dot every week......
Nobody ever accuses you of ramping bitcoin lol, keep up the good work :-) , something that I was just reading (cut and paste) "Nobody wants to invest in a company that's out of favour and has a low share price to prove it. But it's some of these shunned companies that can turn around their fortunes and those of their brave investors. "
Sometimes it is nothing to do with bravery and more to do with finding out everything that you can about a company and checking that they are actually doing what they have said they will do.
Whether ECR fits the bill is up to the individual but I think so.
On the August SP... Lucky... you know where this is going....
I read your posts daily....
You are a believer.... Not here for the little 10..20...30% ...in it for the 5 and 10 x current SP...
IT is clear ECR...is all out for a mega discovery and 5m oz AU mining operation....
Either you see it or you don't
Good proactive...set up ... name another explorer with 2 rigs and its own assay shed on such great tenements next to mega proven mines.....
I rest my case.....
ECR is going to be big in 2022....
Like a wagon wheel....its gonna be bigger than both of us.... :)
Only 50% bitcoin?
Alas holding showing a paper loss.... but I presume most of us believer 's are too...
Just a matter of time.....
Entry for newbies at this price is a 50% off sale.....
ECR millionaire.....
ECR is the next GGP....it is written.....
May I ask DVH... you have gone quiet @ SML...have you left...... ?
Would be a good time to release the next set of results....
Very nice shareholding botcoin! I just passed the 3.5M threshold this morning but that is looking puny next to yours lol
Sorry i meant giving away 60 or 70% in a JV...
Retaining 30 0r 40%
2.20 placing price cometh.... warrants or not......