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What do we all think next week is going to bring us!
Licence applications
JV
Assays
What’s your guess
Almost certainly assays and based on what Craig was saying they will almost certainly be good!
No suggesting for a second this will be the case, but imagine one blockbusting RNS
Bailleston assays reported
2nd hole finished cores sent to labs
Extra licenses approved
JV
One can only dream. And we’d still be receiving assay results in a staggered way.
Remember guys it takes 2/3 days to approve rns. Also this is just the first hole to get a report. We are on a repeat cycle here. Good luck all.
Phoenix, it takes about as long as the ceo wants it to take to approve a RNS. Usually dependant on the tiers of sign off. I assume here it gets written by comms and the ceo approves it.
Just hoping we get a good reaction to good news, can see us taking off over the next 2-3 months.
Even if there is an adverse reaction to good news it will be a top up opportunity.
The dip wouldn't last. Soon beca build up to further news.
Enjoy the year
Nice flag on the gold chart!
I think the market will react well
Fist drilling program in over a year
First hole
First assays
New prospect
If they show what CB is confident with at the first step, the interest will pick up here
Got a feeling we’ll get the assays for hole 1 with a small update on hole 2 being completed/any visual gold/sent away to the labs already
Just heard a very positive interview Kitco/Michael Gentile. You think he was describing ECR!!
I tell you what, watching that video really brings home the potential for ECR, especially at 13 mins ish when he's describing what to look for in junior explorers..
I’ve said it many times on here and Twitter. Many of these mining companies will never make anything of themselves. Dilution/empty promises and hot air. Dog down into the fundamentals of the company and everything he describes from 13 minutes on really fits in well with ECR
Trying to identify these companies that can make it to production, if you can get them under £150 m mcap, then there’s every chance to make 10/20/100 times your money. At £30 m , the potential here in the long term is enormous
The six things he looks for in his exploration companoes
1: Grade - How much commodity you have per tonne of material
2: Scale - Is there enough material in that deposit to get get a producer to want to come in and produce that mine in the future
3: Infrastructure - Are you close to power, roads, water? Are you close to existing mills where you can use the infrastructure that's already there and save a lot of capital
4: Permitting - How attainable is it to get a permit license in that particular area?
5: Solid geological team - Have you got somebody on your team that has actually made a discovery and knows how to take it to production
6: Does the team and board have a proper understanding of capital markets - of how to properly fundraise moving forward
OMI have a geologist as CEO. Listening to the latest interview with Paul Johnson before, nothing about that company stands out for me. He can’t really pin point a crown jewel in his portfolio to really get the investors interested. It’s spread far too wide
We have it all here. Never been more excited more Monday to come :D
@AG, I'm sharing your enthusiasm.
Interview was spot on!
https://youtu.be/O8JFFK71PCc
Seems the above link to an extremely positive interview has been buried.
For those who did not see my link to the interview
And for those who did not see AG1989 comments below
I’ve said it many times on here and Twitter. Many of these mining companies will never make anything of themselves. Dilution/empty promises and hot air. Dog down into the fundamentals of the company and everything he describes from 13 minutes on really fits in well with ECR
Trying to identify these companies that can make it to production, if you can get them under £150 m mcap, then there’s every chance to make 10/20/100 times your money. At £30 m , the potential here in the long term is enormous
The six things he looks for in his exploration companoes
1: Grade - How much commodity you have per tonne of material
2: Scale - Is there enough material in that deposit to get get a producer to want to come in and produce that mine in the future
3: Infrastructure - Are you close to power, roads, water? Are you close to existing mills where you can use the infrastructure that's already there and save a lot of capital
4: Permitting - How attainable is it to get a permit license in that particular area?
5: Solid geological team - Have you got somebody on your team that has actually made a discovery and knows how to take it to production
6: Does the team and board have a proper understanding of capital markets - of how to properly fundraise moving forward
This share seems to be stuck around 3.7p SP, it is unlikely to rise until there is really positive news. Definitely a hold for the long term though.
Hi D2C2,
Yes and he missed a few.
7. Are they operating in a safe jurisdiction with a stable fiscal regime... Perhaps he left than one out as his punts was in Mali!
8. Can the team progress with a degree of autonomy or are they dependent on suppliers so sat around waiting for someone else to move all the time!
9. Or how about do they have enough cash on the balance sheet at the point of investment so as an investor you don’t walk into dilution before you have a good cushion under the SP!
10. Or a bit like 9 really... is the level of capitalisation sufficient so that you are not going to be hit with a wall or warrant conversions all at once. We are now an extra 16% fully diluted! And funded well past 1 year!
11. How about has the BoD any experience of bringing a mine into production before? Do the have skin in the game?
12. Or for balance does the company have the support of an institutional shareholder(s). Well we have one Shenyang, but our new broker is working on that one.
Well I could go on just reading the headings off the top of my spreadsheet but let’s just say ECR! ECR! lol!
Usual caveats
Trek
sea of red at the end today, surprised as big news could be round the corner, guessing its the traders and impatient selling up
I think it only appears to be a sea of red because the buys are showing as sells due to the very tight spread near the close
Late drop was due the a low volume day and the 500k sell @ 4pm.
Nothing more sinister.
.......MM's are waiting for news as well
Those late showing buys are looking positive