Member Info for AG1989

Shiner, brilliant find

"The state government funding includes $10.6 million to Earth Resources Regulation, Victoria’s regulatory body for the resources industry."

Waiting on at least 6 licenses to either be approved or recieve their "first grant date", this will hopefully speed administration up

Definitely TS and that last line will always sum it up for me, JV or not at present, we are drilling on 2 fronts which was always the Goal. Options remain open with work now cracking on at a good rate

I’m learning more lessons invested here than anywhere else, but I really like the potential. Loading up and averaging down massively here. My mistake last year, was getting caught in the hype and topping up with the share price rise, which turned out to be counter productive.

Not a deramp but when you study the rise in share price, it seemed to me, it got away from itself a little last year. You can see in November/December time the SP goes from 2p and races past 3p, past 4p and climbed for a little. This was when we bought Midas, our own diamond drill rig and the Victorian state border reopened. 2 catalysts, which moving forward are really important to the progress we make. But was that news enough to warrant a 100% jump in market cap, and more ? I’m not so sure now.
Don’t forget, this was at a time we hadn’t received official assays in over 12 months. To maintain such a rise, you need to build on the 2 catalysts above

Disappointed ? Clearly and I think there are lessons to be learned how the situation could have been handled in a more transparent manor. But it is what it is and I’m not too disheartened with these cheap levels knowing we’re fully funded, on the ground on 2 prospective projects.

Let’s kick on

Knowing the position we are in now, hindsight, is it not a blessing in disguise CB managed a placing at 2.2p for £2m rather than 1.7p with far more dilution.

What’s the cut off point we stop blaming Craig and actually realise the risk/reward factor was and is far more significant than we first thought ??

The communication and the mid management from it was shocking, I’d agree there. Lessons to be learnt but the same ones complaining, will be the most silent soon when the good news begins to land (licenses, HR3 assays, Creswick assays, JV) and the so begins to rise

But not only rise, but take off. If the results fall right and we may sign a JV in 2021 and see 5/6/7/8p, I’m sure you’ll be thanking CB, the same way your slating him now.

Donold, great post

Shiner, the intention I think was always to drill at both projects. I still firmly believe that a JV was very close, hence why we took the immediate decision to mobilise Midas at bailleston.

I bought In on the basis that the JV was a done deal. Not just from what Craig was saying, but reading these boards and Twitter. That’s a little naivety on my behalf. But you live on learn. The JV is still a strong possibility, but we are now drilling on 2 gold projects, maintaining 100% of both (for now)

It’s been a funny journey, instead of it being plain sailing, simple and getting the JV agreed, it feels like a game of monopoly for me. Instead of rolling a couple of dice, and making your way around the board, we’ve gone to jail, been released, got free parking, won 2nd prize in a beauty pageant, back to jail, released and back on the home straight. But we will make it.

We’re fully funded, and the picture will soon become a lot clearer. 4 holes from HR3; a few from CRESWICK and maybe a bit of licensing news inebtween. These results need to deliver for me. Not necessarily 80g/t every time, but enough high grade and wide intersections to suggest we are finally making good strides. The 6th month of the year is nearly upon us, and in terms of shareholder returns, there’s very little to show. I think that’s all about to change.

750koz-1moz for just Apta would be enormous, when you consider how untested the rest of Anza remains

Appreciate all of the replys, been scanning back through to get an idea. When the Market Cap sits at £30m, any numbers in those realms sends this flying to space.

thanks again

100 X 300m holes is one hell of a campaign

Creswick - 100%. Bailleston is a prospective project which is 100% owned and we can chip away at, at our own pace and build a story. Creswick is the catalyst here. If they add to the 80g/t they got in 2019 with a couple of other strikes, it really is Game on! We need a JV here, but the better results, the stronger the JV. 2/3/4 drills spinning, a 30-40% retention here will prove up the resource at a more favorable pace and return higher value to shareholders imo

Wishbone just flew up 15% on the RNS that their Red setter campaign can begin. Kind of reminds me of our rise last year when the borders reopened in Victoria and work recommenced. But as we found out, you cannot build on these rises or even retain them if you don't provide the right results following up.
If we get positive assays 2.5km south of 2019 drill campaign, it indicates how prospective Creswick can be across it's license and not just in one concentrated area

She’s a Goer!!!

Drilling commencing shortly

Has Brad ever hinted about a rough resource estimation or do any informed posters on here have an indication?

I know he mentioned elephant country ;) Just interested in what's to come. We'll know a lot more when the assays for the rest of the holes arrive

I agree LW, but it can also have an adverse affect and go the other way. Point is, it can change so much and have a sentiment on investment here, but when breaking the factors down, the real one we need to be focused on, are the grades now being delivered. It's going to be a slow process, but hole by hole, Creswick & Bailleston, we will slowly begin to build a bigger picture investors can buy into, and not just "potneital"

https://www.bullionvault.com/gold-price-chart.do

If you check the 1 Year chart on here, you can see from January how the POG dropped. Along with that drop, a lot of the market were affected, who were coincidentally going through a couple of "slow patches". ECR/OMI/EEE, to name a couple, you can check their performance from January onwards slope off. But at the same time, Oriole resources were very busy in the field and delivering news to shareholders, their path took a different direction and jumped 2/3/4 times

The POG is always positive when its going up, I'm not disputing that at all. But there are factors out there, which will work independently to what the POG is doing (Big Gold hits, Resource building, Drilling campaign underway). these factors set these small cap companies apart from the rest. I'm quietly excited about the upcoming HR3 results which could really turn Sentiment around here and build a platform to work on in the future

I think your right about Gold Bitcoinbuyer. The sentiment will return and I think that was inevitable.the small micro cap companies get jumped on and interest returns.

It’s all good but in terms of the live price of Gold, it’s all relative I think. From gold company to gold company. Unless there are parabolic changes (gold rises above $3000/$4000, or gold crashes to $800), o personally don’t think it has a huge bearing on a company like ecr with its current status. If production comes, which I am hopeful for, your talking years, with the POG chopping and changes many times inbetween.

Proving up the resources is our main factor here but all that said, you’d rather POG be ticking up than down ;)

Tall chap - sincerely hope the management at Antipa don’t make the same mistake. By far now my largest holding, huge resource growth this year.

Reading on hot copper - somebody summarises that after an additional 129 holes, they now have less Gold at CC?
I quick land grab in the Paterson, now that’s interesting. Plenty of work to be getting on with at Havieron, PRE and BH but another 100% owned project in the region won’t do you any harm at all.

Will follow it closely and hope it works out for their shareholders. The way it goes :(

Gold **

I’m more than sure I saw numerous purchases of £70/£80/£90/£100k when thjs was 3p+. You don’t need to be in the know or “know something”, to make a sizeable purchase.
The company are drilling on 2 100% owned Good projects and for its tiny market cap, this investor probably just thought it was a solid deal for its current levels.

$A3m in the bank. Puts a hell of a lot of pressure on their near term Paterson project to deliver IMO. Any further CR will probably have to be discounted heavily with serious dilution. A shame for their holders and hope they can bounce back.

Be interesting to see whether investors return their capital to the mining sector after the back end of Crypto seems to be falling out

I think this will certainly move on licensing news in Creswick. To extend your footprint with tenement's attached is a huge catalyst. Beyond that, it's got to start coming down to the grades now.

That level of interest that was here at the back of the last year/start of this year has gone now. We can get it back, but the results need to start delivering, if they're poor, i can't see 4p
But on the flip side, especially at Creswick, if we see favourable results which will evidently strengthen our arm in JV talks, I can see a couple of near term bags ;)

I'm not so sure they do, it's retraced so much, it looks like a very good price to accumulate at for whats coming up.

Tomorrow will be a week since drilling began at Creswick. Hopefully get the assays for the first couple of holes at the back of the June/start of July

Daramuda - The forum is for all views and opinions. good/bad/indifferent. And if investors for whatever reason have concerns or reservations about the standard of drilling or the results they'll return, they shouldn't be encouraged to "pipe down". All views are welcome imo, as long as they're genuine views and not intended as a deramp, or used to deliberately derail the thread. It's a risk/reward play and with that, your going to get hurdles and stumbling blocks along the way

For the record, I'm feeling slightly more positive about the campaign at HR3 from the recent comments in the RNS. But the grades will do the talking, just like Creswick