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Started: sprinter12, 20 Jun 2024 07:13
Last post: mentalmax, 21 Jun 2024 22:45
Yes Dan relative to the whole shooting match £6k is small potatoes but it leaves a bad taste in the mouth regardless. Some clarity here would put minds at rest if the BOD happen to peruse the BB..
I should add that regardless of these fees, the company has some quality assets and a dedicated board. I'm still not convinced of production from Blue Mountain in the short term, there seems to have been a shift in the terminology. There was a suggestion that they would produce from a small plant, now however it sounds like this will be a pilot plant to determine the viability. Perhaps I'm splitting hairs.
The fact that this party has not been mentioned is highly suspicious imo, it leads me to believe that this advisor is an individual and would be seen as "a bit left field" by the market. Then we have the issue of the shares....I won't say anymore but look at what's been happening here over the last 6 months. Just a thought.
Yes more transparency for ALL fees would be appreciated. It just raises suspicion otherwise after all that consultancy fee business. Remember it's OUR money being spent, we have a right to know what on.
The issue is not whether it is improper to discharge invoices for fees by issuing shares (which is commendable and done by many listed companies where the payee is prepared to accept shares instead of money) but whether in the case of ECR details of the payee(s) is/are shrouded in secrecy. When on 14th March, ECR announced the second placing under the current management, it also announced the appointment of Axis as a second broker and that it was paying Axis a fee in shares. The payment was termed "Axis shares" and the payment was made for conserving cash. Separately ECR announced that it was making a payment for £25,000 to an advisor (unnamed unlike Axis) in shares for "conserving cash". If one can name one recipient one can name another. I will leave it at that save to say that I am with you Mentalmax..
I am today more interested in whether ECR can create and realise value for shareholders. May I remind readers of the Stock Box interview of MW on 6th June wherein from 8 minutes 30 secs MW talks of Blue Mountain getting anywhere near 80K to 100k ounces of gold and "hopefully we can show investors some gold". We know from MW's tweets this morning that work has started at Blue Mountain. Like other shareholders I hope that the optimism expressed on 6th June is realised by production which might well give ECR a market cap value of £20 m to £30 m hoped for by MW in the 6th June Stock Box interview. GLA
Started: TalkingSense, 21 Jun 2024 07:57
Last post: TalkingSense, 21 Jun 2024 07:57
Adam and the team are getting to work
https://x.com/DDS_DocHoliday/status/1804035090424422597?t=cPzH2b5C6s7OrHa2kReqbQ&s=19
Also interview link from yesterday in case you missed it:
https://t.co/xSvWVU4lL4
Started: Chesh, 20 Jun 2024 15:54
Last post: Chesh, 20 Jun 2024 16:33
Pilot plant is a sure start eh.........! :)
All the best (and to those looking in........! :()
So they stated in the interview ...A small scale pilot plant is planned for Blue Mountain !!!!!
(Adam is on site within the next 24 hours to start the next stage of exploration there).
That will be music to all those (including me) who have looked for ECR to start to monetise their assets.
Also one of the best analogies I've heard:
It s like the girl walking along the beech in their bikini. Everyone takes more interest when she drops her top.
And ECR are hoping to drop their top and generate more notice soon......lol
Https://t.co/xSvWVU4lL4
All the best (watchin now........! :()
Started: AmyStake, 19 Jun 2024 11:36
Last post: mentalmax, 19 Jun 2024 16:52
Perhaps, but insinuative carrot dangles haven't once accurately prophesied a single thing, in fact I'd argue that they stir the jam which inevitably leads to disappointment (historically). I won't get excited until an RNS drops. These new punters pumping ECR clearly haven't been here long. Been there, done that, learned.
Well mentalmax - agreed but when the Doc tweeted the video created by the previous owner the market is entitled to assume that he gave considerable thought to that in conjunction with Adam Jones.
Well near term production has not been confirmed has it? It’s based on historic workings that will need confirming surely?
Yep the good thing with ECR is they have multiple projects to focus on and are fully funded for them all into the end of the year. The short term pain from raising money at 0.3p is nearly over, its given a fantastic opportunity to add or accumulate to positions. Personally think the market has completely missed the significance of near term production at Blue Mountain.
Agreed, even at a less than favourable % should we team up with someone. Beggars can’t be choosers.
Started: SuePud1, 19 Jun 2024 14:37
Last post: SuePud1, 19 Jun 2024 14:37
@ecrminerals Finally, the consolidation that we've had on either side of the 200-day line and either side of 0.3p has been done #ECR We bounced off the floor of that rising trend channel from back in Sep @ZaksTradersCafe Above that looking for 0.38p perhaps by the end of next month. https://x.com/Share_Talk/status/1803420325993984150
Started: Chesh, 19 Jun 2024 10:46
Last post: techguru91, 19 Jun 2024 11:37
Id say 0.38p is nailed on before end of month... so next 10 trading days
Personally expecting a retest of 0.45p and breakout higher. So much about to land
Morning Peeps.........!
Zak says 0.38p, I say hold for more........! :()
https://youtu.be/SMI6tICmhzc?si=LB4MbU0OlA1h84C_&t=361
All the best (ya welcome........! :)
Last post: Iknownuffin, 19 Jun 2024 09:05
If ECR become a producer then that is a real game changer, will change the dynamic all told.
I have confidence that they can do this 🤞
TS - Let us see what happens at Blue Mountain. I have no reason to doubt the available 80k ounces found by the predecessor. That is a resource worth production. Not only would it bring the first ever production by ECR but also imo show that Nick and Mike are capable of bringing about real value. I still think that small shared (AGH) production is available in parts of the Creswick - income and value?
Daramunda,
Absolutely agree with your points regarding Blue Mountain.
I think Creswick was worth another go in the Queensland wet season (better than sitting twiddling their thumbs for 5 months) if only to expand the data set with a view to a sell and to test the new sampling/ target identification methodology. It was a shallow RC campaign at both sites and as such did not burn much cash , but did improve the understanding of the geology.
The main focus though has got to be Queensland ...BM in the short term and Lolworth being the potential monster long term company maker.
This summer season is definitely going to be a defining one for Mike & Nick and will determine the success of ECR moving forward.
After only 8 month's in the role M&N have made excellent progress IMHO and Creswick was worth revisiting , but not yet worth throwing the kitchen sink at.
They have made solid decisions and not made any poor ones (I wouldn't class the Creswick drilling as a mistake) . They have been tarred with alot of histiorical baggage ( a lot of "they haven't found anything for years" comments today) , but if you exclude the Haythorpe Hurricane fiasco and previous boards, and treat M&N as a new company from 8 months ago you would say that we have made solid operational progress since they took over and there is a plan in place for this year.
Continue to prove up Lolworth, move BM towards evaluation of production potential, initial drill at Tambo and back to Creswick in the Queensland wet season (I assume) as well as continuing to try to raise funds from the property sale and monetise the tax credits.
Time to look forward and not back.
NT to buy on IG..........! :()
quotes for 250k that is.....! more is a premium.....!
All the best (worth the wait......! :()
Sausage,
As I said previously: In the latest interview Doc said we had enough funds to stretch in to 2025..... so no immediate raise to come.
If there is a further raise this year I think we will be looking at November/December......but only if they have not sold the Creswick property (the listing has been removed from the estate agent site so a sale could have been agreed) or we monetise part of the tax losses.
If the property is sold it will likely push the next raise back to mid 2025.
Also the last podcast that Doc did he did state that he would not be able to discuss ECR (I assume that this was the same for today....I didn't listen in today).
The £6k was payment instead of cash (admittedly not clear in the RNS) to preserve cash reserves.
Started: techguru91, 19 Jun 2024 08:44
Last post: techguru91, 19 Jun 2024 08:44
Going to run hard shortly. Very excited with whats going on. Blue Mountain ;)
Started: Sausageonstick, 18 Jun 2024 15:02
Last post: Sausageonstick, 18 Jun 2024 15:02
"At the same time, the Company has agreed to issue and allot 2,307,692 new ordinary shares in lieu of £6,000 of fees owed by the Company in order to assist the Company in conserving its cash resources. These shares have been issued at a price of 0.26 pence, which was the volume weighted average price for ECR Mineral's ordinary shares over the 14 trading days prior to the date of the invoice."
Maybe there's a mystery company that just get's paid for helping save money 🤣🤣🤣🤣
Started: ScarletVixen, 18 Jun 2024 08:41
Last post: Dan1605, 18 Jun 2024 10:40
SV has a point, these guys are finding gold with nothing more than metal detector and shovel. We can laugh but we have spent millions over the last decade and produced nothing. Some of these old timers are hitting $200-500k a year using knackered bits of plant.
But factual - Where is the income for years ? Exploration fail after fail , digging in the dirt hoping for the best
Thanks SV....as informative and value adding as ever
To sell right now it seems
Started: techguru91, 18 Jun 2024 08:24
Last post: techguru91, 18 Jun 2024 08:24
Nick & Mike know exactly what the market wants. Those picking up stock in this area are going to be rewarded handsomely. So much going on across multiple projects. Keep a close eye on this one from here on in
Started: daramuda, 15 Jun 2024 17:06
Last post: Sausageonstick, 17 Jun 2024 23:09
Daramuda,
Have to agree with you, in my opinion too, "current management has got it wrong by continuing to flog a dead horse at creswick"
...... "sausageonaprick (sorry auto correct) has summed up the situation very well in yesterday's post"...........is that not what you call an oxymoron🥴....🤣??
I'd be very happy for them to crack on at Blue Mountain. Lolworth obviously a big mover for the coming months. Tambo has serious potential....
The thing is they have Sooooo much but not loads of money to do it with. So do a deal. JV something and produce some gold at small scale while they continue to explore.
Management have a lot of shares now so a rising SP will be very nice for them.
drew black hopper and others. you are right to wonder when we as shareholders, some of us lths, might expect the management and geologist to create real value. i admit that i had thought that we might see value within creswick but i, jones and various members of management, historical and current, have been wrong. sausage has summed up the situation very well in yesterday's post . haythorpe saw it rather late in the day hence the move to queensland before he resigned but our current management has got it wrong by continuing to flog a dead horse at creswick.
jones should now be at blue mountain. he has a ready made resource at his disposal (80,000 ounces of gold) which he has inherited from the previous owner of blue mountain, with the opportunity to improve upon that resource. ******* and i assume in agreement with tulloch recognises the opportunity. listen to the second half of the stock box interview of 6th june which can be found on the ecr "x" site. let us hope that the regular talk about this and that which has led nowhere is now replaced by a genuine desire to produce gold with the required equipment being provided to create real value for shareholders.
ant and dec have done a reasonable job in balancing the company but raising money at a low price, granting themselves shares and selling surplus equipment assets has with respect been the easy part. they say that the money for the second placing was rather thrown at them and could not be ignored. however the real and hard job is to create value; they appear to have the asset with which to do so at blue mountain.
if they see value at creswick then do deals with the best of those that appear in the tv programme aussie gold hunters. but i do not think that they will find a large resource at creswick - that horse has been flogged to death.
Started: techguru91, 17 Jun 2024 13:25
Last post: Chesh, 17 Jun 2024 13:42
Afternoon Peeps........!
MM's delayed your trade an all techguru91.......? :)
All the best ( gotta wonder why.........? :()
Firmly in the buyzone here. Expecting things to heat up on multiple fronts. Reading the past few months of RNSs has given me alot of confidence where this is heading. We have almost finished e placing lull period. Should start heading higher
Started: TalkingSense, 14 Jun 2024 11:39
Last post: Sausageonstick, 17 Jun 2024 11:49
MentalMax,
Might be worth a question to Doc Holiday on https://twitter.com/DDS_DocHoliday/status/1802244633868517819
Need to see results and delivery fingers crossed
When is this going to pop higher?
A very good point! I'd bet my shareholding that these are being flipped.
...........tax loss consultancy....... have asked for an update, don't think we will get one if a deal is being done
Started: ivans, 13 Jun 2024 11:46
Last post: BlackHopper, 14 Jun 2024 14:58
I love it when people put so much effort in posting on a stock that they 'think' is totally useless... it is such an odd thing to do... but hey, maybe they have nothing better to do...
I agree Sausage, If they didn't find gold there by the 1970's then they will never find gold anywhere else.
It's not like technology and gold locating techniques have improved in the last 50 years.
And they must have covered every inch of Australia during that period and at every depth.
I cannot believe that companies have spent billions prospecting in those 50 years when they will obviously come up with nothing new...........Fools the lot of them.
Thanks for the history lesson Sausage. Duke of Cornwall noted. Waiting on Blue Mountain (production which means value) and Lolworth exploration in east and possible link with a neighbour.
It does make me chuckle when people insinuate being next door to a company pulling large quantities of gold out that everyone with ground abutting will find the mother load.
The basics. The 1st Victoria gold rush started approx 1851 & lasted throughout the 1860s. In 1856 alone, the Victoria gold field yielded > 94kg of gold. Subsequent gold rushes took place throughout the years across the whole state of Victoria. With it came the old timers, Melbourne's population grew between 1851 & 1861 from 75,000 to 500,000. In the 100 years from 1870 to 1970, Melbourne’s population increased ten-fold, from 200,000 to 2.5 million people. With it the population of Victoria as a state grew massively too. There were 3 ‘booms’ of growth in the Victorian economy over this period, 1850s to 1890, 1900s through to 1930, & 1950s to early 1970s.
Commercial gold mining companies have moved in with technology to map the geology, move & process the gold bearing rock to even extract the finest grade gold with cyanide.
Why do you need to know this, well when people (re)tweet the following
https://twitter.com/BigBiteNow/status/1800450899132977542
& also the websites such as
https://www.firstau.com/projects/victorian-gold-project/ (scroll down to SWIFTS CREEK GOLDFIELDS)
You can clearly see the NorthNorthEast – SSW of the Snowstorm & Highland Chief prospects as well as the WWN – EES of the Haunted Stream prospect.
These gold rich veins don’t appear to cut across ECR’s EL007484 licence. Yes, gold will wash through the landscape, but the gold rich veins?
Ask yourself why in over 170 years since the first gold rush, with multiple gold rushes since, with 10 of thousands of gold prospectors scouring the Victoria landscape, with commercial firms scanning & mapping the landscape, why didn’t the old timers put hundreds of mines down on the now ECR’s land? Please don’t say it’s untouched ground! Why is it the big gold companies haven’t snapped ECR’s arm off to buy the licence. Is it because the geology? Not every piece of land has gold rich veins
I believe because, as the old timers identified, there maybe no gold rich veins going across ECR’s licence, the gold rich veins go around it as can be seen in the image accessed via the above links.
ECR say of the 56 rock chips samples, 37 have been Photon analysed for their gold content, only 8 came back with results above 5g/t gold from the latest Tambo Project exploration No other rock chip samples returned reportable results. Mediocre results, in my opinion. (note the table in that RNS, lists result over 0.5g/t).
Yes, ECR should find flakes & a few nuggets of gold, washed across the land, it’s Victoria after all, the biggest chance in Victoria of ECR finding gold is the Duke of Cornwall mine, closest to the Snowstorm prospect, but it doesn’t mean because ECR have ground near Southern X than ECR will find a motherload. It just doesn’t work like that, which is why they keep
Not to worry Talking Sense. I am less interested in ECR trying to build value via talk, inference and sentiment and more interested in the work by Jones and the team at Blue Mountain (he should be there now) where I and I am sure others would like to see a real result via a small plant, pilot project and seeing gold leading to production.
Started: TamerInvestor, 13 Jun 2024 18:15
Last post: TamerInvestor, 13 Jun 2024 18:15
.......ECR BOD could we please have and update?........whilst the shareholders are aware you cannot release any price sensitive news......just to know that the third party is still working on it and things are progressing (or not) would be great.......a projected approximate timeline ??
Started: Sunningdale1, 13 Jun 2024 08:17
Last post: TamerInvestor, 13 Jun 2024 09:22
…….interesting 🤔
Mawson are merging with Southern Cross Gold. From Twitter this morning - ECR's assets are adjacent to Southern Cross too.
https://x.com/Alan__Green/status/1801142935729082823
Started: TamerInvestor, 11 Jun 2024 12:24
Last post: daramuda, 11 Jun 2024 19:34
Both Ant and Dec in separate interviews have not ruled out ECR becoming a producer of gold. Blue Mountain may be the start of the company producing gold even if on a limited scale. After all, imo every management to date has failed to create value. Ant, Dec and Jones may prove the exception and add to the available funds for exploration in Queensland and possible further exploration leading to production at Tambo and then in Lolworth even if via a JV.
"" Blue Mountain currently encompasses ‘a relatively straightforward alluvial gold system’ reported to contain at least 100,000 ounces. The ‘readily accessible’ system ‘presents the potential to accelerate the project towards “production-ready status” in the near future, subject to the necessary licensing permissions’. ECR says the site’s landowners ‘have expressed their willingness to work with us on the project which has further increased our confidence that the project could well exceed our initial expectations.’
Happy to have some of that...
Started: Sausageonstick, 10 Jun 2024 17:25
Last post: Dan1605, 10 Jun 2024 18:20
It's another 1.82% away from your buy in price so that's good enough for me.
Have a good evening.
So after another RNS pumping out more results about rocks in a bucket, ECR was traded back down to +1.82% for the day.
This trader did well - not.
10-Jun-24 12:03:15 0.2988 238,955 Buy* 0.28 0.31 £714.00
10-Jun-24 15:02:04 0.283 238,955 Sell* 0.28 0.30 £676.24
Either those that tweet and retweet each other on X re ECR are gonna have to ramp up their coverage or Nick and the gold mechanics are gonna have to deliver more than yet another set of results.
This is in a downward trend and doesn't seem to be able to break through and hold above the resistance level.
A simple chart will tell you all you need to know until ECR release some substantive news.
Started: techguru91, 10 Jun 2024 07:49
Last post: TalkingSense, 10 Jun 2024 11:19
Well someone is encouraged......5m buy from 9:11am this morning just reported.
Another chunky buy (that's 20m in 3m+ buys since Thursday morning)
"HIGHLIGHTS
● A selection of 37 rock chips from the Duke of Cornwall Lode have been analysed for gold using photon analysis.
● Best results include 51.5 g/t Au, 26.5 g/t Au and 24 g/t Au.
● A further 5 rock chips contain gold grades greater than 5 g/t Au.
● Total of 56 rock chips and 84 soil samples were taken across the broader strike of mineralisation with results from these additional samples due shortly.
● The Eastern Victorian exploration tenements offer a new area for gold and base metal exploration."
Started: Sausageonstick, 10 Jun 2024 09:18
Last post: Sausageonstick, 10 Jun 2024 10:28
Talking Sense,
Although you are not replying to me today. I could ask you for an example of why you think the results are descent.
I have my views, you have yours, why does that make me a dick? This board is about all of us expressing our views/ opinions. If you don't agree with someone's views just say so.
...........Dan,"He knows this TS but the sp is unfortunately moving away from his target buy price."...........Sausageonaprick (sorry autocorrect) has missed out on a 25% SP rise in previous months..........keep up your mantra rxdiv buy high sell low🤣
Agree Talking Sense. the results are pretty poor in comparison to ECR peers in the surrounding environment.
I look forward to news that isn't simply test results.
Agree Saiusage. the results are decent (it's hard to get great results on rock sampling).
Good first step (you can't get jam today on sampling) and warrant the team progressing with the exploration in that area moving forward.
In the meantime the main focus of the company is on Queensland.
* The trenching in Blue Mountain seems to be the quickest rout to proving up a resource and looking at potential extraction....looking forward to some updates there in the coming weeks.
* The company are looking at Lithium , Niobium and REE resource in the previously unexplored east end of Lolworth and we know that 'conversations' have been had with the holders of the licences with similar geological structures directly to the east of our tenement.
So newsflow to come on a couple of fronts
You are funny Dan.
Unless ECR can back up another bucket of rock chip results with something that moves the company forward, the sp will be in this downward trend for even longer.
The 10%er will be gone by the end of the day I'd say.
Started: cashking, 10 Jun 2024 10:08
Last post: cashking, 10 Jun 2024 10:08
Very Nice Indeed …..
Started: aceinvestor, 9 Jun 2024 11:39
Last post: TalkingSense, 10 Jun 2024 09:56
Dan, Agree , Would be the best result if Brewing Lane has been sold....most likely outcome as the listing has been removed.
Proceeds from the sale would fund us well in to mid 2025 on all activities which would remove any raise anxiety for the end of this year.
TI, I cannot see them keeping it as that would be a major shift from the strategy there that the company has laid out.
........... if the decision is for ECR, to go into production that is what Brewing Lane was originally purchased for😏
My guess would be either it's sold or the planning permission has been granted and they re going to re-list and up the price.
Mike said in last week's interviews that we are fully funded for all activities in to next year.....A sale would stretch that out to mid-2025 and require no further raise at the tail end of this year.
No plans to head back there this year Tamer and I'm sure most would agree that they would rather have the cash. Never say never though!
……or going to be used for its original purpose
Started: TalkingSense, 8 Jun 2024 07:34
Last post: Chesh, 8 Jun 2024 12:04
That will probs have cleared out one MM of stock.......! :()
Gap up Monday.........? :)
All the best (Breaks the 30's and then on to the 40's.....! :()
8.5m buy reported late from Thursday lunchtime.
So over 15m in buys from the 3 big trades that day.😁
Started: techguru91, 7 Jun 2024 10:12
Last post: Sausageonstick, 7 Jun 2024 20:27
Hi Talking Sense,
I did say "Traded at every opportunity." No opportunity this week.
Have a good weekend all.
The newsflow TalkingSense depends on whether it is just more talk (which does not often provide value) or whether it reflects a deal, confirmation of a proven resource, or production which (dependent on quality) could add to the company's and shareholders' value.
Id - bid
The traders aren't making much this week Sausage ...the highest id and lowest ask have only been 0.1 ot 0.2 difference at most.
Don't think there is a lot of short term trading happening this week....just some investors losing patience and selling up and others (as we saw with the 3.3m and 4m buys yesterday) loading up on anticipation of continuous newsflow on a number of fronts over the coming months.
Oh well.........!
x2 2m trades are poss Bed 'n ISA type trades........! :)
All the best (worth it........? :()
yep, based on Tax benefits......