Member Info for AG1989

And I was put onto it after I initially invested in GGP by somebody on Twitter who’s averaged was down there.

Sorry I apologise, 3rd April £0.0048 then it settled in the £0.0070 range until the 26 June where it rocketed to 2.17p in the space of a month

This is the history google is showing and always has for me, other graphs may show a little different but that’s what it was at before it picked up

Choose the 5Y option on google.

I want more too. Lots more. RNS this week? Wouldn’t bet against it

That in your top 10 of all time LW?

Brilliant, will join soon

Maybe yeah, I just assumed they were having permitting issues of some sort. That can be quite common in the exploration space, so i didn't give it a second thought. But with all of the activity surrounding Bailleston, the RNS' and the interviews, he's mentioned very little.

It may be nothing and just a case of "full focus on HR3" or like you say, there may be indefinite issues getting the permission. hopefully we get an answer soon

I've asked on twitter surrounding the upcoming interviews so hopefully get a reply soon.

Let's hope it's sorted as soon as practically possible

2m@17g/t
11m@2.4g/t

Some great returns Considering they only drilled 1,700m. Would love more of the same. Both within 100m of surface

It's definitely worked out for me so no regrets there, doesn't mean I don't like ECR, there's just more going on elsewhere ATM but you'll always get that when investing. I'm by no means "a trader". The last 3 purchases I've made in companies outside of ECR have been when these companies are unloved and are at their lowest price in 6-12 months. It's about seeing opportunity. Opportunity i still see here with such a low Market cap, just not as soon. Each to their own

I couldn't say, I'd imagine so with its prospectively and the excitement surrounding it. I'm sure if enough ask it he will answer.

I find that the best means of communication usually comes through twitter. The likes of Alan Green, Share talk, Stockbox and Share talk news are always very accommodating of shareholders questions so I'l put it to them to include it within an upcoming interview

https://www.lse.co.uk/rns/ECR/new-gold-discovery-blue-moon-deposit-victoria-australia-w4qesylh81khq8b.html

". The RC drilling results indicate that the host sandstone is thicker and the gold grades significantly higher on the westerly section, and further exploration will therefore seek to follow the system to the west, subject to agreeing access with landowners. Further exploration to the west would initially comprise surface geochemical sampling, potentially followed by drill testing."

All i can find, like you mentioned

You too Billy. My biggest investments last year were GGP & ECR. I'm still invested into both and remain confident, but the majority of my money has been moved here.
The 35,000m of drilling triggered it for me. i Had to read that a few times, then realised it's to fast-track a resource upgrade through, and ultimately, a feasibility study, all in 2021. This then will hopefully trigger the $21m term sheet.

The grades have been brilliant this far, but the 19m@31g/t really woke the market up. I believe the remaining assays will really get this motoring, some of the best in the junior expiration space. I've been very tunnel focused on just the project and it's rapid growth, I've not looked too much into the term sheet. But it certainly seems on favorable terms

I added heavily around 8p and although I don't think it will, or wish to see so, if it somehow retraces back towards my average, or below 10p, I'l be adding substantially myself. Glad to have you on this board

And no haha. I only got in about 8 weeks ago and was amazed with how unloved the Company was. No volume, no traffic on here, no investors talking about it on social media. I think that's all about to change. I had issues with Telegram and don't have it currently. I'l re-download it and get the details, appreciated

Yeah, looks about right to me mate. But like we say, the SP, at that stage imo will be a fair bit higher than it is currently, limiting dilution.

It's not like Cora as 3,000,000,000 outstanding shares already, with its small float, any further dilution may take it up to, or around the 300million mark.

Just going through the term sheet myself fully. I think my key takeaway, if we ever get to the stage (which I'm confident) of starting beginning production on a shallow, high grade, multi million Oz depsoit in 2022, the price will be multiples of its current one. My investment basis, the big gains are made down here. When the Market Cap is peanuts, it can be frustrating and long weeks and months but the wait is worth it

Somebody else might be better placed in advising you about the additional shares being issued with

o US$6m Equity Financing

o US$5m Convertible Loan Note

o US$10m Debt Financing

But i can't see the dilution being substantial

I do remain corrected, $6m will be issued in new shares of no par value with an 8% discount

But then there's a $5 convertible loan and $10m financing

$6m is £4.3m. So at todays price without taking into the 8% discount
40,000,000 * 0.11 is £4,400,000

There or there abouts. But by that stage I'd image we'd be sat at least between 20-30p. And if so, your talking maybe 20million new shares being used. In the grand scheme of whats to come, I'l take that all day

Hi billy, I was under the impression with the $21m term sheet signed, we wouldn't have to issue any additional shares. Otherwise, you'd release the shares to raise the capital, meaning the term sheet would be redundant

The term sheet was signed to fast track Cora onto the production ladder. And once production starts, a payback period kicks in and triggers for Cora to repay the financing back. 18 months i think i read but could be wrong on that one. This is usually the way when companies finally make it to production stage. Greatland Gold secured a $50m loan from Newcrest. There are mining loans, equity schemes etc. Cora have this sorted

I believe once we have provided a resource upgrade, submitted a feasibility study and secured the term sheet for production, this will seriously take off. It hasn't got a big float so if all of the above factors are ticked, i can see 50p here minimum. Would give a market Cap roughly £120m, but we could have started production on a multi million Oz deposit with immediate cash flow available to the company

They have over £4m in the bank, in the time construction is underway at Sanankoro in 2022 and Cora want to explore operations elsewhere, they may do one final fundraising for funds but beyond that, this is brilliantly set up with multiple incentives to fast-track operations in 2021

I agree LO but at the same time, at the height of COVID last year and during lockdowns, my investments performed far better than they have done in years. ECR at one stage was £0.0050 last summer and in the time leading up to January, shot up 600-800%.

Some investments have performed better than others but we really haven't had the results to get this going and i wont be convinced otherwise. Does that mean the company aren't progressing their projects? Absolutely not. They're giving themselves every chance of hitting the grades they want, the structural drilling was successful at HR3, now we await for phase 2. We need to remember, the sentiment for the stock isn't purely reliant on how investors on here or twitter see ECR. There are investors who will have thousands, maybe hundreds of thousands into this, but don't use social media, don't use these boards but certainly know what they're on about.

But sometimes you need to block the current share price out of your head. My take on it, this is easily a company that has the potential of returning multiples of its current £17m Market cap. I believe Craig believes he's taking this to production, my belief is that Creswick will be first and will get this going. We really need to start delivering the results now, and in return building up those resources. I have a feeling we'll see an RNS this week for Hole 2 at Creswick

It's all about adjustment for me. Investing is just like life, as it passes you by, you need adjust accordingly and move with the times. The reason why you invested 12 months ago may not be as strong as it is now so spread your bets. There was an order of drilling but with issues surrounding Blue moon(Which i would like to hear more on), it's either "Wait until its ready to be explored again, leaving with just creswick" OR "concentrate on other prospects within that license" which is what they've done and that's more than fine with me

With a $A300,000 per month current cash burn, this is where my slight reservations come in for HR3. 8 holes drilled to date (in 6-7 months) at HR3 targeting different reefs, Mauri & Byron. The results have been far from what I'd consider prospective or even encouraging, by the time we've drilled phase 2, we're not going to hear results until at least Q4. I'm not a geologist and that's what they're paid for. This structural drilling has been "successful" in identifying the anticline, the company now have the confidence to return there and search for the real tasty stuff now. There's no guarantee that this will prove much up but they feel they're onto something.

Before this money runs out in 2 years time, they really need to start showing progress in the SP before further dilution hits us and the SP is still floating around 2-3p
50 million shares released to the market at a price of £0.10 = £5m. To get the same amount of with a SP of £0.02 you would need to release 250million shares, see the difference? It's vitallt important we start to see progress as we move on

I'd have personally doubled down on Creswick and thrown everything at it to get it to a stage where set up for a strong JV. Rather than 10 holes in 2021, we could have had 20-30 and really brought the interest up. But I can't change that now, nobody can, I've edged my bets by moving money elsewhere but hanging quite a lot on these next Creswick results. It's not about "how many holes you stick into Creswick", the markets reaction will ultimately come down to, once those holes have been drilled, what are the intentions

Personally, I'm happy with CB at the helm. The share price is at levels it was last year, there's no argument against that but in terms of advancement of projects we're further ahead on both, with new Queensland licenses approved. We just need to start delivering the number which I'm positive Creswick will do, who knows, Cherry tree could throw out a couple of nuggets and surprise us all

With only a 240m float, that’s a huge buy. Especially with so many shares in sticky hands, a few more of the,pm, this should fly

Just to confirm, I believe the company are doing all they can in terms of drilling on 2 fronts but with the resources they have, the pace is what it is.

Non stop drilling is brilliant, it’ll just take time.