Member Info for AG1989

Maybe just finalising the contracting rigs and permitting - But a change to Creswick would definitely be a much needed welcome

Not overly concerned about the Twitter retweets of the slideshow, you can either let it anger you or accept you just have to wait for news

I'd wait for the latest assays to arrive to then conclude where to move next, i think as stated elsewhere, there are permitting issues with Blue moon or they would return there.

They've moved from the Byron Reef to Mauri reef. If these results don't look appealing, I'd move to HR4. Next month is the 6th month of the year and up to now, there's nothing concrete telling me there's enough evidence to spend another 3 months in the same area. You kind of feel like this is it for CB. He has time, he has the finances, but if he doesn't make the most of this £5.8m and start delivering results, can you imagine how the next placing will be met

Fingers crossed we hear soon that Creswick drilling has begun, will make me feel a little more settled here. "late April/early May". Might be struggling in securing rigs but they'll get it sorted sooner or later

https://earthresources.vic.gov.au/__data/assets/pdf_file/0004/656374/Report-3-Licence-Applications-202104.pdf

Still showing EL007537 as Merit with no accepted date

North Tambo - EL007484 was accepted on 5th January 2021 and showing "Preliminary Assessment Complete" which is positive

EL006907 - which is one of the 2 licenses underneath of current Creswick license - Accepted June 2019 and showing "Tenement Administration"

Nothing else to report - 6713 not showing anymore so after being accepted at the end of March, hopefully they're progressing with this

Recently transferred part of my sipp into a trading account. Only in my early 30's but never too early to think about the future. Tempted to bin off my Tech stocks and plow it into here

The visible Gold conundrum is a funny one. As an investor, it's exciting to get that information premature. That being said, when you hear nothing for the rest of the other holes, a little bit of doubt sets in and as it turned out, the other holes were not up to much Kop. At OMI, they reported "100m of visual mineralisation" and when assays came through, this turned out to be one of the weaker returns

It's all personal basis but for me, i like that element of surprise and not this giant build up of pressure with "visible gold", expectations get far too high. Just let the process take its course and release information when ready. Communication does need improving from the board

It's good when it's flying and its the "hype of the AIM" but those kind of gains can't last forever. Once the rainbow chasers are out the way, you need to evaluate whats left and go again

Setbacks:
Severe delays in labs

Catalysts:
Delay in labs will build up a back log of assays which can potentially transform this entire project
Every set of results > Another drill added > More director BUYS ( I mean come on!it's so obvious)
5 drill rigs at one prospect (APTA) is mouth watering
High grade results time after time. 1or2 "dusters" but these can be crucial in identifying where the deposits end or pinch out
Funded
Small float, once this picks up volume, it flys. Get yourself content with your holding at these levels. It's far too easy to get caught in the excitement when this flys past 20p/25p/30p and make a top up, why not top up at 15p??
Visible results look positive

Be interesting to see if the next drilling campaign has begun whilst we're waiting for the labs

Yeah I feel it’s good to keep in the front of your mind, a reminder of what’s actually available here. Very, very satisfied with my investment here, can’t really say the same elsewhere at the minute but patience will pay off.

It probably comes across as a ramp, and if that’s the case then so be it. But everything is in place

On 22nd February, the following was released in an RNS

· High grade gold intersections - 21.6m @ 6.02g/t Au, 12.25m @ 5.39g/t Au

Now they’re good hits. They’re the kind of hits in the junior exploration space that make investors take notice. Orosur not long after lost nearly 50% of its market cap. I know the mining sector took a hit in general, but that was stupid.

My point being, although the SP is having a retrace as of late and declining, it doesn’t mean the company aren’t progresssing forward, which they are. The picture will become clear soon.

How much cash is in the bank ? I know Orosur essentially have a free carry but there will be a time in the future that they’ll have to come to market (not near term) and raise funds. It’s current shares in issue, 188million? That’s nothing. It really isn’t and we’ve seen it twice in the last year, once volume picks up, you will blink and it’ll do 20-30%.

When this returns to 30p, and higher, which is an inevitability for me, you could issue 50million new shares at 20p for example and raise £10m. 240 million issues in circulation (still a small float) and be fully funded for years to come

Options are endless but focusing on the near term, what an opportunity. Take advantage if your average is higher. But just focus on the growth of the company, what they’re producing, where they’re heading and everything will fall into place.

Stay safe everyone :)

From this level, I've said this since 30p (LOL), this is a great buy

RESULTS
DIRECTOR BUYS
RESULTS
DIRECTOR BUYS
RESULTS DIRECTOR BUYS

Whether he buys 5,000 or 500,000 i couldn't care less. He's there to run the company and they're motoring behind the scenes.

2,000 samples of assays can and will land at any given time possibly in the near future. And judging on the results at Apta this far, I'm very excited

1.5m@72g/t
4m@45g/t
1.4m@176g/t
1.9m@219g/t
70m@3g/t
1.2m@96g/t
0.4m@948g/t

Free carry
5 drills
infill and expansion drilling
Small market cap
2 majors on board knowing what kind of potential there is with Anza

Great post Legalwolf.

LW - I think it was heading to HR4 but probably hasn't materialised as of yet or i think we would have heard.

It's funny because the pressure chamber and the build up to the JV has killed this a little. It may still be on track after we stick 2,000m of drilling in Creswick, but there were long periods of "well i can't say too much". Try and look forward and get those Creswick drilling plans drawn up earlier.
However i mentioned the other week, it could have been handled in a more transparent way with investors. Nothing we can do about that but hopefully a lesson CB takes forward. Because when you break it down, we now have £5.8m in the bank (an extra £2m), and drilling is recommencing at Creswick. 2 Catalysts which if handled in the correct manor, imo, could have preveneted such a big drop of over 50% since the start of the year. Don't say we're fully funded and then raise £2m

Just improve those bits of communication moving forward and you'll see nice progress here.

Same with OMI - this is where the jurisdiction comes in for me. Plenty of work going on behind the scenes but extreme delays, "national power outages".

hoping they release one big Whoppping RNS will all visible Gold holes complimenting each other :) Excited

I think my outlook on the company has definitely changed since investing here. I'm still here because i believe there is potential, and that potential once exploited will deliver valuable returns for shareholders. But in terms of actual projects, and how progressed they are, i had them as "the pick of the bunch". Should have done more research really and if we had "proven" projects of a few hundred thousands oz's, the market cap wouldn't be this low

But he know has all the admonition to tackle both Creswick and Bailleston. As much as there are Catalysts that can work in ECR's favour, these can also work against them is the results don't come through. Just need to stay patient and hope that they can follow up on the 80g/t at Creswick.

The pace is concerning for me. Not in terms of "the company are dragging their heels". Because it's clear at HR3, with the resources available to them, they've been drilling non stop which is brilliant. But 6 holes in 3-4 months, at that pace, it could be another 12-18 months because you see any real substance and continued success at the same target. Hopefully Blue moon will bring that continued success and confirm what they found back in 2018

Whilst we're on the subject, there's a little gem I've been eyeing up for some time...

ECR minerals :D

Been keeping a close eye on the earth resources website. Still no April report and no first grant date for the 2 new licenses, so hopefully any day now Angoose, and drilling will commence at Creswick!

Kind of in a weird stage now, and I've seen it across the market. If we get favourable grades from these 2 remaining HR3 holes (or okay grades) i really can't see much of a rise. That said, if they're dusters, the price will probably drop, very strange market.

Hoping the contracting firm don't sit back and they rapidly progress the 2,000m campaign

The one thing i would say about ECR, don't underestimate the importance of these licenses being granted in the short term, which has a positive affect long term

Yeah and like TS stated, the first grant date period for the current license runs out at the end of the year.

I’ve mentioned a couple of times about the lack of drilling. That being said, I think out of 17 holes drilled, 9 of them struck Gold. So fascinated to see what they come up with in this campaign.

And, if they come back with 1or2 80g/t, those negotiations for ecr could be very favourable ;)

JTB.

That was one of my recent disappointments with Craig. There was nothing set in stone regarding the JV but CB made it out that we were close and in advanced discussions

So when he announced we will be drilling at Creswick, the very first thought that came to my head was “surely the pending results from the upcoming Creswick campaign will negate or change any agreements made with the JV”. Which then questioned me to think how advanced where these discussions

The JV was the big factor for me. But that being said, the next best thing is us returning and drilling it ourselves. Let’s see how prospective it really is.

I’m putting the JV out of my mind for a while. Said previously 1m@80g/t is a great results, but on its own with a couple of 1g/t strikes, I’m surprised at the level of interest.

Maybe after the next campaign and new licenses announced, we can announce the JV :)

Wouldn't have a clue mate, useless with predicting share price movement

I'm more focused on Growth and growth alone. What potential does ECR have to grow it's exploration services and resources, when they grow, the share price takes care of itself

I am expecting the Creswick drilling to give the company and SP strong support moving forward

Would you stick 6-8 holes in the 2 new tenements, or would you revisit EL006184 and try to replicate and find the source of the 1m@80g/t

Perfect opportunity to top up as discussed. Gold on the rise, new licenses, Creswick drilling, more Bailleston drilling and results.