Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Indeed, so much to come.
My honest opinion is sellers throwing in the towel now, considering ECR are literally of the verge of releasing assay after assay.. are better off gone frankly.
Apart from the obvious sentiment issue that ECR have addressed very well (their daily Twitter updates are fantastic and insightful + CB has since carried out a number of far more confident interviews) I see only positively. Sure, some results won’t hit, but we only need one BIG one to be life changing and they’re firing on all cylinders.
Enough from me, happy with today regardless of SP and looking forward to more!
GLA
JTB nice to see you back. Too much of a one-sided conversation going on here lately.
I have wondered for a while if there have been warrant sells going on and we have no way of knowing max (not going to call you mental). I also suspect that shorts were taken out a couple of weeks prior to the fundraise by insiders , again no way of knowing.
At some point both will end and leave no sellers other than scared PI's and at that point that is what causes the rises .
EL006184
80g/t
11g/t (from an untested sample)
9g/t
It’s showing up real potential at Creswick for what could be shallow high grade deposit. A lot more work to do but I’m encouraged by that start. Could have been worse, a lot worse and in fact we’ve struck well.
It makes you excited about the rest of the campaign and release of assays, rather than dread and worry and 200k thrown down the drain.
There are clearly sellers or some sort of short term shenanigans going on though.. As this is the second time we’ve had a positive RNS, sp marked up then immediately marked down.
The thing is, shares like ECR drop with news then rocket 40% in a day for seemingly no reason. I’ll never truly understand the stock market!
Yes that placing and spate of flustered interviews really has busted the flush currently hasn’t it! Very frustrating indeed.
However...
The material news is now starting to drop. Hole 1 achieved what ECR hoped (according to the rns) regarding identification of the shale and where to drill next.. HR3 results due and the fact that they’re heading back for an unscheduled phase 2 implies something’s brewing!
Let’s have more results ECR.. a few mega hits wouldn’t go amiss!
GLA
He's proven he can't be trusted. You telling me if we swapped him out with Gervaise Heddle, the SP would tick up?
Will it? dont agree. Also, those who know even slightly what they're looking at will know this is a positive result. It wont rocket the sp because theres no big numbers involved that will excite the market, yet. But we know this is the start.
Craig being removed as CEO will fix sentiment, I have no doubts about that.
but yet the share drops......mm's playing around???....what is going to turn sentiment around on this share, as not even two decent rns's have done much....
And will **
Let’s see if we can continue it throughout the campaign.
Very good start as did will position them nicely moving forward.
For the first hole to return 9g/t over 1m is excellent and I’ve got a feeling the DMS will be throwing out high grade on a regular basis. Very happy.
Well one drill hole doesn't make a gold mine, and we all know there's a long way to go yet... but nobody is going to grumble at at an intersect of nearly 10g/t from a first hole
Here hoping this sort of news and these sorts of numbers become routine enough to justify building a gold mine.
Assays still awaited on 4 holes so encouraging.
Sounds like came from around 100m deep or so as just below DMS at 90m.
That is a damn good start, not unexpected but always surprises me that a drill hits any at all considering the size of it versus the size of the prospect. Always wonder how much they miss i.e. they could have been within millimetres of large nuggets and won't know until it is mined.
"The first diamond hole drilled at Creswick has immediate success intersecting 1 m @ 9.68 g/t."
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