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Ok but what a Video to upload without an RNS to accompany it on the same day. Wow
There is no need to email him. The video is from the official ECR Minerals youtube channel
I imagine they uploaded it in anticpation of RNS tomorrow, probably didn't expect anyone to see it haha
If there is a red dot tomorrow then you have probably just hit the nail on the head...
Was so so until that last image of the jars of gold! pretty significant and indicates there's deposit close by. Seems an odd video to just drop unannounced, unless it was supposed to be unlisted until an RNS?!
Tamerinvestor - if you have The Doc email details can you drop him a message asking him to Verify the video on Blue Mountain.
Doesn't look bad for 200k... and to think Panther got 100k back. We know they were doing some work at Blue mountain so the release of this video make sense.
Lol... NICE FIND !! (understatement)
Traders better hop back in pronto...
#dangerousgame #browntrousers #f-melookatthemnuggets
Great summary and yes mental valuation here
I know Mike & Nick are very confident this will be worth many multiples higher by end of this year
Not hard to see that play out given they are funded for all their 2024 activities and drilling
Only going to add value from here
……..is that an official ECR youtube channel, it just seems strange there is nothing on the ECR website or Twitter, I would have thought Doc would have been all over it. Could we have clarification please Doc?
….IG where did you find the video?
ECR is almost a victim of it's diverse portfolio.
If ECR owned Creswick alone then the current mcap of c£5m would be justifiable.
But then you add in......
Blue Mountain (could look good if the video foretells the update we are due soon)
Lolworth ....The results last year for gold sampling were stunning...yet the market priced in nothing (and that's not taking in to account the Lithium & REE prospects).
Baillieston ....results at HR3 were mixed , although the company seemed excited about the geology, And Blue Moon results from 2019 were excellent.
Kondaparinga .....should see some boots on the ground this year on the new license, and next door to the (almost £5m partnership) Hurricane license.
Tambo ....have no details on that, exploration has started
Itagon ....written off , but we may be able to offload (not expecting anything there).
And then we have the Tax Credits which could be worth as much to the company as the current mcap if they can strike a deal.
And all for £5m currently.....So much potential upside in so many areas over the coming weeks/months.
……..😗….great find IG…👌
Yes very exciting stuff. Market has attributed no value to Blue Mountain, so if we add that into the mix as well could really start being an avalanche of newsflow and progress across many many fronts
Lets see if we get something official from company shortly on it
So trenching and sampling already underway in Blue Mountain.....and some nice colour in the trays/pans.
Looking forward to the next company update regarding the Blue Mountain license.
Wow! Great find IG. This is starting to look incredible.
Some nice shiny bits in there
Given it looks like they've basically used a digger, can we assume that's come at shallow depth?
Https://www.youtube.com/watch?v=IKpjUKCx25A
Blue Mountain about to be in play???
Is the question :-)
There was 85k in cash left at the end of the FY, just before Mike and Nick stepped in. Basically Haythorpe left us for dead before fleeing. On a positive note, a nice 3.5m buy went through after close.
Yea, should be a LOT better moving forward.. had N/M not stepped in and taken the bag of sweets away we’d have joined the AIM graveyard by now I reckon!!
And we know all but AJ's salaries will be wiped off of that amount as they are paid in shares (AJ now not being on the board will presumably be paid a salary).
Total staff costs for 2023 was - £327,661
And yes, the total cost of all directors at the end of the accountancy period (so not including Haythorpe) looks to be - £203,294
So can we presume the 'difference' is AH's pay (circa £125k)? It doesn't look to be specifically referenced on a quick glance of the wages section.
Any accountants want to step in while things are quiet - https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/ry7v13r
Do we know how much of that £327,661 was Haythorpe's salary, I would have a guess at £100k. This being the case and Mike and Nick taking shares in lieu of salary that figure should have halved.
While bullish, it's not lost on me that staff pay in 2023 was £327,661, IE well over half the recent raise just on wages, emoluments, Social security costs & Pension contributions.. This is why I want to see progress made quickly. I understand steps have been made to help mitigate staff cost but I'd like as much $ spent prospecting and drilling as possible rather than see it whittle away on pay packets! This is where timing and efficiency comes in.. The faster and more efficient this new team is, the better bang for buck they are. Sorry to say this but the past half decade or so has been the ultimate snouts in troughs exercise. I'm hoping Mike and Nick picked up on this and now want to kick the Co into shape, at least that's what we're all hoping for! I do question why some staff are still on payroll, any members of the gravy train era need to now prove their value or be voted out IMO. Sorry but let's get serious for a minute (in the voice of Tom Hanks in 'Sully').
Over to you ECR! Get a bloody JV signed and shut all the 'Debbie Downers' up for good (eh Ti)! Hell, if we can stabilize above a penny I think PI's may even accept the odd consultancy fee!! And that's saying something!
GLA
JV next hopefully with the JV partner taking on the bulk of the costs. Fingers crossed.