Member Info for AG1989

By the way, I'm not "pro Craig Brown", I'm just focusing on the company and as CEO, the book to me, stops with him, good or bad

It's total *******s

When GGP saw its day in the spotlight GH got all the credit in the world, he'll have had his fair share of help

If we "hit the jackpot" here, its absolutely no different. It's a company thing and CB gets his fair share of the plaudits.

You can't hang him out to dry when the going gets tough, but bypass his plaudits when the company is going well

I'm guessing when the company start delivering the results/licenses and JV's and the rewards come, you'll equally allocate that towards the CEO then?

Fair is fair. Can't have it both ways

hahah That response was from me. Come back from my lunch in work and my LSE has created an account called "Holywellmag" or somebody has been on my computer

crazy

Winnieh. No. 45%, your talking nearly £14m wiped off the market cap. There’s a high % of retail investment in ECR and it took a lot of us by surprise.

Maybe a small percent but not 45.

The facts are, we were at this price back in November. Our market cap jumped over 100% when the Victoria state border opened and we deployed Midas to Bailleston. A time when we hadn’t released official assays to the market in over 12 months. No chance you can sustain such a rise without providing the goods and reporting assays. No chance.

Not surprised in the slightest this pulled back

I didn’t necessarily expect today’s SP but I expected a pullback. And from the current position with our budget I believe we are very well set up.

kdonkey - You don't have to be positive 24/7 to invest in a company, your adding a balanced approach which is always needed on these boards. I just think, regardless of yesterdays interview, from this position I'd say the company is in a strong position

I just picked up on the comment about the placing being " a disaster" and it's something i disagree with. This was the downfall of ECR and the loss of "sentiment".

The placing was announced on 9th April, a date to which the share price had already retracted 45% from it's Highs of over 4p. the communication in that period wasn't the best and needed targeting. But the placing left us with nearly £6m in the bank and with or without it, the SP would have retracted to what it is today, until we start delivering good, solid assay reports which show a healthy resource building up

Important to remember about the JV, the pressure it releases on the company is very significant.

The JV partner (depending on terms and conditions) will likely pay for the majority, if not all the exploration costs leading up to the feasibility study and mining applications. Then the Construction and production costs associated with building the mine will be split between the 2 partners.

You'll find by this point, companies in our situation can acquire the equity and financing in a number of ways without creating any more dilution and releasing additional shares to the market. Then there'll just be a steady pay back scheme once the mine is up and running

Mistakes, but i think we're pretty well set up from this point (imo)

Fully financed. Wrong choice of words to use knowing he could take the placing. However that fundraising was taken at a price 20-30% premium to the price it is today and left us with close to £6m in the bank - Happy with this

Creswick JV - His wording at times made it seem that the JV was a definite and could have been announced at any given time. Although i would have liked the JV finalized by now, if his plan works out and ECR land one of the top 10 mining companies on far more favorable rates, even better

He's the CEO. Some like to relinquish some and all responsibility that he actually holds with ECR. It's not a company with many staff employed under its name. The fair share of decision making on many fronts will come through him, as it does with many AIM listed companies. But he will have the likes of Adam Jones and other Geologists pointing and pulling him in certain directions with new prospects to target. And rightfully so, it's what they'll have been employed to do

Olderandwiser - They don't have to be in "GGP's league". I'm not saying this is your train of thought, but I say regularly, the market was blessed with GGP, and now need to get that out of their head. Havieron was under 430m of cover and do they have 25%? of Havieron? I am invested by the way.
Don't Oriole have the option of acquiring up to 90% of Bibemi, and from the initial results, it's cleared that mineralisation is stacked within those veins, all within 100m of surface

These next 20 holes will be a solid indication to the market, broader spaced drilling and let's see what kind of strike length we achieve. Plus their own "Gold district" in central Cameroon

Ideally for me, we prove up further Bonanza grades at Senala with IAMGOLD. They're clearly motoring on in that region and we flip our 30% or whatever is left onto them. Get a package that fully finances for years, not just at Bibemi, but our new licenses

" there are many more drill results to come to give an incredible return."

That's a given to me, and will the company will need to work a lot more beyond the current Bailleston & Creswick campaigns for "an incredible return". But i'm not in a rush so that's fine

People use the "I'm still very anxious and wary of CB". But from RNS to RNS, there's nothing informative we can take in so when the CEO finds time to speak to the market, i sit up and listen and make my own judgment

Having Adam Jones there was a nice touch. Very useful finding out yesterday that they're encouraged by some of the subsequent holes at Creswick and Adam in particular is excited to report them to the market. All signs indicating that they've hit the Dimocks main shale in numerous holes and the cherry tree campaign is going well. Encouraging initial results from Holes 5,6,7 at HR3 also.

Far more information than I'm getting from other investments and enough for me to top up on. Are we guaranteed positive results? Absolute not but the signs are aligning for me.

Everyones different and will review yesterdays interview in a different shade of specs. I'm far more encouraged and positive with the growth and future ECR has now, than i was 6 months ago topping up over 4p. Trust him or not, the company are clearly motoring on and doing everything in their power to try and generate good value at both projects

I get where your coming from Snip, but that's where the risk reward comes in. I can imagine in a few RNS time, you'll be chasing this up at 3-4p, but i fully understand your theory behind it

They used the word "prospectively" yesterday

I was surprised myself LO, i can only put it down to them having 1 historic campaign at Creswick, with this being their second

You look at Bailleston,

HR3 - 8 Holes
HR4 - 3 holes

Blue moon -
BBM007: 15m@3.81g/t incl 2m@17.87g/t
BBM006: 11m@2.42g/t incl 3m@3.88g/t

Black cat - 3m@4g/t & 1m@6g/t

Both are progressing nicely. Let's keep the momentum going with Creswick and HR3, and once they return to Blue moon, the picture will continue to develop

The value here is not necessarily the timescale of the mine, that will come, but the extent of the exploration planned. At it's current price, your big gains are coming within the next 18 months with the Resources, the high grades, a JORC estimation.

ASSAYS after ASSAYS after ASSAYS after ASSAYS from the JV partner ;)

Definitely not an overnight process but the ducks are all lining up nicely.

Brilliant legalwolf

Yeah absolutely nothing missing from the equation at all

Exploration of 1-2moz based on a pit depth of 100m. Considering they’ve hit Gold at 200m and they’ve moved 3 rigs back to Selin to test these depths, it’s mouth watering. Brilliant opportunity.

No worries LW. Long hold for me Orr but a strong one. The only thing I’m concerned about is financial situation.

I don’t mind fundraising etc I’d just like the SP to get moving a little, less dilution. Fingers crossed the warrants keep it ticking over.

RNS Monday I’m going for

So good i posted it twice :D

The more i read back on the Bibemi RNS, the more I'm impressed with those results. Just find the Gold in a number of holes is a credit to the company, and not just in one section, in multiple sections

"BBDD009

o 12.40m grading 0.71 g/t Au from 29.20m, including 1.20m grading 3.43 g/t Au

o 1.00m grading 1.08 g/t Au from 46.60m

o 1.00m grading 5.65 g/t Au from 60.40m

o 1.00m grading 6.15 g/t Au from 92.40m"

Suggesting the company are hitting these staggered veins and at different depths.

It's been said to death on here but why not remind ourselves. 20 holes to report, likely before the end of this month (7 days left), with 3 of them showing signs of visible Gold, at the time our CEO with a Geologist background bought 600,000 more shares. (Let's not get into "Well i bought more than that today). A buy is a buy and at 0.8p, Tim clearly thought that was a good investment

Let's not forget, 6 weeks ago, drilling recommenced at the Faré and Madina Bafé prospects

"20m grading 31.13 g/t Au including 10m grading 60.98 g/t Au from RC drilling (FARC-00007) and 59.60m grading 2.20 g/t Au and 49.50m grading 1.75 g/t Au from diamond drilling (FADD-00004)."

Very prospective and todays price, an absolute bargain for a junior mining company with all of this going on

The more i read back on the Bibemi RNS, the more I'm impressed with those results. Just find the Gold in a number of holes is a credit to the company, and not just in one section, in multiple sections

"BBDD009

o 12.40m grading 0.71 g/t Au from 29.20m, including 1.20m grading 3.43 g/t Au

o 1.00m grading 1.08 g/t Au from 46.60m

o 1.00m grading 5.65 g/t Au from 60.40m

o 1.00m grading 6.15 g/t Au from 92.40m"

Suggesting the company are hitting these staggered veins and at different depths.

It's been said to death on here but why not remind ourselves. 20 holes to report, likely before the end of this month (7 days left), with 3 of them showing signs of visible Gold, at the time our CEO with a Geologist background bought 600,000 more shares. (Let's not get into "Well i bought more than that today). A buy is a buy and at 0.8p, Tim clearly thought that was a good investment

Let's not forget, 6 weeks ago, drilling recommenced at the Faré and Madina Bafé prospects

"20m grading 31.13 g/t Au including 10m grading 60.98 g/t Au from RC drilling (FARC-00007) and 59.60m grading 2.20 g/t Au and 49.50m grading 1.75 g/t Au from diamond drilling (FADD-00004)."

Very prospective and todays price, an absolute bargain for a junior mining company with all of this going on