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-Company getting funds in and have (selling) assets with $1m
-Company just raised £600k
-G&A costs covered for next 12 months
-NOBODY at the Company getting paid (except accountants etc etc)
-Vast area
-ULTRA high grade samples (read todays RNS below)
https://www.londonstockexchange.com/news-article/ECR/review-of-lolworth-project/16282450
#ECR Another one of the Twitterarti's Promote and Dispose of shares, I see they are going hard in for ECR and EPP, and moving away from ROQ and UPL. There's only so much smoke you can blow up each other. #emperorsnewclothes
C'mon David, getting a little boring now, don't you think?
Good to see Sausage's usual post RNS rant against the Twitterarti.
Some of the investors in ECR including the individuals who took the placing are some of the main players on twitter, so they will naturally post when there is news.
Although saying that , while I am on Twitter I don't take notice of the 'tips' from the usual suspects (it doesn't take long to figure out who they are with their followers(or sheep))....They claim large returns/successes ...but don't mention that those 100% rises were usually followed with falls that the sheep are left carrying the cost of.
The lesson is always DYOR (as I have done for ECR) and you can spot the true investment opportunities as opposed to following the wolves leading the sheep to the short term slaughter.
Generally positive interview although ultimately same old same old RE early days stuff ('indicators', 'gold present' etc). Not totally keen on the 'Lolworth overlooked' and presence of REM 'lost to the market - More like we were dead keen until ECR decided to do a 180. Although that being said at least they're cracking on and getting some drilling done in Vic.
'With a much bigger budget we'd ramp up operations considerably' - That about sums it up sadly.
Fingers crossed Victoria FINALLY shows some consistent commercial results.
LOL Ti, clutching at straws again I see. Has Rx been banned?
No , obviously finished his trading here....now just posting on another board.
Nice to see the board back to a more civil footing
ECR needs to find gold bars at this rate for the sp to move.
It’s fairly simple guys.. we need to find commercially viable deposits of gold in order to grow. If we don’t do that, we don’t go anywhere. There’s a lot riding on these upcoming assays.
Just as you thought volume was starting to pick up we get news and a lowish volume day.
c12m shares sold and we drop 12%.
The content was actually positive and certainly didn't warrant the drop we've seen (and didn't warrant a massive rise as well ...just for balance).
I'm sure we'll get a small tick back to 0.25 tomorrow if past trends are anything to go on.
And absolutely agree that actual results are going to be the only catalyst here for a sustained increase.
Let's hope the Creswick drilling results are decent.
TS - the first hope is that CresWick results actually arrive on time (whenever that is - not really been following all that closely). Then you can hope they are decent.
From past experience, if they are late/delayed at the labs, then that's usually a sell signal here. All imo and GLA
when you say "some of the investors in ecr including the individuals who took the placing are some of the main players on twitter, so they will naturally post when there is news." i think it's the "when there is news" because it's not though is it?
@dds_docholiday/ mike ******* posts almost daily, he even starts to tweet about southern cross gold because another company on another piece of land found a bit of gold and therefore by inference ecr are going to find a shed load of gold. that's like saying bp found oil so all shell need to do is put a pipe down. pipe down being the operative words
then in comes @davidburton197, @belcourtoi, @blowster85, @aim_bagger tweeting and retweeting, it's a massive coordinated effort to suck in as many people as possible.
mike *******, just get on with the work you need to do for ecr. if you spent all the time you tweet on ecr i'd imagine you'd be further forward.
jamesp21 states "we need to find commercially viable deposits of gold in order to grow" that is correct. posting daily, retweeting, dragging in y' muckers to tweet and retweet just makes it look so suspicious (to me). why is there a need to tweet daily? most companies just get on with it. investors in most companies complain that there isn't enough news coming out. we literally get an update every time mike breaks wind.
at the end of the day all they have done is send some bags of rocks to get tested and the results are back. they haven't identified where to dig and they haven't even started digging. ecr are a long way off from making money, if they can make money. gold prospecting is not shooting fish in a barrel.
a sense of realism needs to return to ecr, and that starts by people just being realistic about the twitter posse and what they are trying to achieve.
100%..it's those promoters on Twitter that stopped me pressing the buy button.
So 5 posters (one of which is a Director of a company and one of which we know is a holder of some of the recent placings) is a "massive coordinated effort".
Wow, those 5 must have literally taken over twitter.......is ECR trending?.....lol
a quick summary of yesterday's rns (not utilising twitter):
ecr minerals plc said it will carry out further trench sampling and drill targeting at its lolworth project in queensland after a review of the exploration work over the past 12 months.
highlights from 2023 were rock chip samples of 22 grammes per tonne (g/t) gold with stream samples of 205 parts per million (ppm) at reddy creek; rock chips of 13.75g/t with stream samples of 1,395 ppm at gorge creek; and stream samples of 962 ppm at butterfly creek.
adam jones, ecr’s technical director, said lolworth was taken on as a 'greenfield' project that had the potential for significant discoveries.
“our work in 2023 has gone some way to endorse that, proving that gold exists in multiple places within the project area.”
mike *******, chief operating officer added: "the conclusion of the 2023 fieldwork season at lolworth has given us a solid platform from which to plan the next stage of our reconnaissance programme.
"we have identified several locations to hone in on and we believe that there are still other gold sources that can be followed up over in the coming year. alongside the gold, we also have found the presence of the sought-after niobium-tantalum rare earth minerals.”
For sp to move north we need to find a nugget the size of a football stadium. Few meters from surface. When the drill finds it, it will send a sound everyone will hear it and run to buy ECR.
The mother of all nuggets.
we can wait.
Talking Sense
I didn't say the list was exhaustive. Maybe as part of your research on ECR you should look across social media to see which companies are being pushed to an inch of their lives by a coordinated set of tweeters (number undefined) and ask yourself why they feel a need to do it and why not just let the company's performance do the talking?
If you want one to watch next week, watch SYN. CEO just tweeted
#SYN Roland will be in India next week to finalise the Cambay JOA, farm out agreement and work program
https://twitter.com/Synergiaenergy/status/1745747672131129816
Under the radar and not pumped because the company's performance does the talking
And you should never follow 'tips' for other companies. posted on BBs.......lol
Happy Friday ECR-lovers!
I have resisted posting much but as it's nearly the weekend......
This week's Lolworth RNS was a nice sensible summation of progress and work on what is a large greenfield licence. All the works carried out shows good promise for the future and justifies the next steps in exploration. There is nothing 'bad' in there. The next logical steps will commence in the spring. (tick)
The new team at ECR, who have interesting reputations and pasts, are doing exactly what they said they would from the outset and have critically commenced selling off some non-core assets. (tick) I'd expect a bit more of that. They have also commenced some fast and low cost drilling back on the most historically fruitful Victoria site. Not a bad idea it would seem. (tick... or big tick in waiting)
Lots more communication than before (tick), via all the usual channels. Why ever not??? I want a pic of the drilling rig and I want to see the depth sample boxes at Davey Road. Why wouldn't you? The local chap picking nuggets of surface was great!
It's pretty clear what will get this party really started. Some decent grades from the recent Davey Road drills. Same from coming Cuboid. Any JV on other Victoria licences... surely too much for ECR to do on its own, considering the spring return to Lolworth.... and Konda-P.....
Cripes, there is soooo much they could do..... any hits / wins / sales / deals will send this significantly north from here because here is an MCap sub £4 million for an explorer in a safe jurisdiction with multiple licences in the right places.
Foolish posts about nuggets and bars will continue, but all those posting, many who have been in ECR longer than I have, know exactly what is at stake. I suspect few, or more precisely, none are actually unhappy with the changes since last October.
Happy 2024 ECR. ?
TalkingSense,
You'd research anything before buying into, wherever people topped it. Part of that research is to see if there are desperate individuals combining across social media to Promote & Dispose of this
But would you refrain from investing in a share for the sole reason that there are 5 posters on twitter (one on the BOD and one an investor) reposting news on the share and ignore all your other other research?
...seems to be what you are suggesting.
……BlackHopper….that’s a lot of ticks ✅
................https://x.com/DDS_DocHoliday/status/1745782286660882722?s=20............😏
"Would you refrain from investing in a share for the sole reason that there are 5 posters on twitter (one on the BOD and one an investor) reposting news on the share"
I wouldn't invest in a share if there were multiple (I listed a non exhaustive list of 5 which you now seems to be hung up on) people on Twitter daily tweeting and retweeting each others tweets about a company, when what they are tweeting about isn't really ground breaking news on the company. Yes they might have put some rocks in a bag and got the test result's back for those bags, they tweet about the company next door and the land next door having gold, then they try desperately to infer from the bag of rocks results and the bloke next door that ECR possess the mother load and that everyone will be rich. That just isn't true, they are simply trying to drum up the naïve to invest in an unproven land.
So the answer to the question is YES I would refrain from investing in a share that numerous individuals are clearly cross posting each other, if that was my SOLE research method. Luckily I don't base my research/ investment decisions on X posts.
So I have answered your question directly, so you answer mine directly, YES or NO.
Would you invest in a company SOLELY based on what numerous posters on X, all posting and cross posting each other, were saying about a company?
So if you read what I posted again, you'll see I said "You'd research anything before buying". What you do for research is up to you. If you want to listen to 5 poster Promoting the heck out of this and consider it to be the sum total of YOUR research then it's up to you.
ECR seems to be the latest target after TM1, HE1, ROQ for numerous individuals on X to combine and Promote, they will tell you they have bought in but they won't tell you straight away when they Dispose of their holding. I see EPP is also getting the same treatment from many of the same X posters
Sounds like you have a serious axe to grind with the Twitterati. It's not difficult to work out who you are. Most of us are here because of the failings and incompetence of previous management and not because Bel and Blowster are giving it a pump on Twitter, so save yourself a job.
...............hey Nicepair.............what does multifarious mean ?........"We've got multifarious announcements to follow as guided from disposals to drilling data"............Doc on twitter
Dan,
So what does "It's not difficult to work out who you are" supposed to insinuate?