Member Info for AG1989

I mentioned this before TS, in hindsight the placing at 2.2p is a gift ha

JTB - I think you could be right on this one. And although hinted at it in the past, he's never confirmed us returning to Creswick to drill it ourselves. this is one point i do believe could have been far more transparent in the last 6-12 months.

I can't see it being a huge factor in the advanced negotations. Every chance you can pull some good grades from Creswick, but if the company plan to strengthen their arm in the JV by drilling up more and pull a duster, it helps the talks no end.

I'm a little relieved if im honest. No more second guessing, JV this, JV that, 15g/t. Near term I think it's going to be slow going and recently i had ECR more advanced and attractive than the likes of EEE,ORR,COBR. I don't any more.

We're a company hopefully at the start of a very rewarding journey, it just may be a bit of a rocky ride for a while, imo

I'm happy in adding to my SIPP if this continues to drop, that's how confident i am long term. But the next 6 months will be slow, but thats okay

Yeah - the personal insults and criticism is certainly not warranted, and instead of dwelling on the past, I'm the first person who kinds of just wants to forget and focus on the positives moving forward, which there are plenty

But if he's happy to come to market and take another £2m from investors, i think the least the investors deserve is an explanation.

Just seems a bit mis leading lately and I've never really had this feeling about the company

- Fully funded > Exercising a placing for £2m without much of an explanation apart from it strengthens the company moving forward (Which i do agree with btw)
- Assays recieved > Not releasing them for 7-8 weeks
- JV, can definitely get a deal away, just a few licensing issues to sort out > Not dead in the water but we're now going back to drill more of Creswick, this will delay the JV imo for the best part of 2021
- Communicating the importance of having your own drill rig > With £5.8m in the bank, the 2nd drill rig would have been a purchase worth its weight in gold for 170k, but like previously mentioned, there may not be any available to purchase. We're now using contracting rigs which your now stuck with set time constraints

Always try and be balanced but it never filled me joy that interview. A more realistic approach and i think as investors we now know where we stand moving forward.

More assays to be recieved, a plan for the rest of 2021 at Bailleston and Creswick news is what I'l be looking out for now. Licensing news too

Loch - very good point about the JV. His "well i can't say too much" comments time and time again almost came across like the company were involved in some sort of NDA, and there were just a couple of points to iron out

Now it's "we're going back to drill it ourselves". Whilst waiting on contractors, drilling the project, awaiting assays and then using these results to negotiate a strong JV agreement, your talking 4-6 months minimum (imo), at the earliest

It's good to know and not have these unrealistic timelines in my head, really not expecting much at all in the near term, anything that gets announced with any substance is now a bonus

Don't really know what to think. I'm out in my ISA, i think opportunities in the near term (6-12 months) are far better elsewhere, they really are and my tune has changed significantly lately

But it's strange because I've topped up in my SIPP and will continue to do so, waiting for the price to settle. But i now have more "skin in the game" but it's all long term and my ISA funds will all be used to top up Antipa minerals. That's going to be huge and very soon

I wonder how "advanced" talks actually were with the JV partners as Craig has alluded to all this time. For him to go and drill Creswick again is good for the shareholders but for me certainly changes and negates any ongoing negotiations that were apparently at this "advanced stage".

Get back to Blue moon ASAP and hopefully they get the contractors at Creswick drilling ASAP too. Cant imagine securing contract rigs be an easy thing in victoria right now, any time scale for this?

The placing sounds more of a "why the hell not" opportunity but in hindight now, judging by the current price, the company did well flogging 90 million at 2.2p.

Very deflating but a number of the strong fundamentals remain the same
£5.8m in the bank
Drilling to resume at Creswick God forbid you pull a duster here)
Intentions to go back to blue moon
1or2 Hole assays still due from the recent programme
SP back to a level that if you seriously believe in the long term success of ECR, it's a bargain

Market not reacted brilliantly and i don't think its much of an overreaction considering it's posiiton right now

Going to listen now, market hasn’t reacted well, again.

There are investors in ecr who won’t come on this board, won’t interact on social media, but will know what they’re looking for still and will sell up

A second rig was big on the list for me but they seem to have counteracted this with getting a contractors rig along side MIDAS

Bargain levels if you believe in this long term. But the JV looks no closer to be signed (although not dead in the water by any stretch of the imagination)

Same spot as we were 1 year ago. A campaign at HR3 which has brought high grades in very limited widths. JV no closer but now we have £5.8m, a purchase drill rig and we’ll have a contract rig running too. Underwhelming but worth keeping in mind long term that Theres a lot of value to be had here. Long and strong.

Will listen now :)

I understand that JTB but there are a lot on here that call CB a lying ****, a con man, wouldn't trust a word he says. I always give him the benefit of the doubt and the one real chance i gauge how opertions are running are these interviews and pod casts. He is afterall the CEO of the company, and although he can't give us anything that has to be released in an RNS, i do get a lot from it.

They have been drilling, the XRF analyser did find grades 15g/t+, they have bought a drill and its been non stop since the start of the year. I need to hear more now. Bailleston plans moving forward after HR3 and how exploration is being ramped up, as per the RNS.

Not crucial enough for me to sell up, but they definitely help and he needs to get the sentiment back. Once the interest grows, the share price grows and after all it's what we're all here for. Plenty looking at ECR from outside thinking "Wtf is happening". Grow the company, progress the projects and the sp will take turn of itself. Let's see how he gets us there

Very crucial.

Be interesting to see what additional info we get from the funding RNS. Exploration to be “ramped up”. We’ll soon find out.

License news
Any JV news he can give
Second drill

3 key areas for me. Hoping he delivers. It’s back to square 1 stuff for me almost. 4 months hard work hasn’t really amounted to the hype.
Good grades, but extremely narrow veins and widths. Enough evidence in those assays for another serious campaign at HR3 anytime soon ? NO CHANCE. They’re more expensive paper weights than anything else. 1m@4g/t isn’t a bad pull, but 150m down hole and nothing else, not viable for me.

The company haven’t been sitting around. They’ve been drilling behind the scenes and with current resources have been going as fast as possible. But the more I think about it, at its current pace it’s going to be a very slow ride for the investors in getting much back there. Interested to see what adjustments he will be making to exploration.

His legacy is how he used this £5.8m. How he now goes out and extracts value from the projects. Investors need to realise only 1,700m of drilling has been carried out at Creswick. Beyond that 1m@44g/t, the grades are really nothing to write home about.

https://www.lse.co.uk/rns/ECR/update-on-creswick-gold-project-victoria-australia-e5xxfcnhze1h8dg.html

Companies can usually spend years and a few campaigns proving up projects before the JV comes in. I’m surprised we have such serious offers, but we do and we need to capitalise. They just have to. Confidence slowly fading but my position is going nowhere (in my sipp anyway). Long term but I’m trying to be realistic as I can be lately, as and when the news comes in

£5.8m in the bank
Proven resources at Bailleston (which IMO they should have returned to first)
JV interest at Creswick (this is a must)

Let’s kick on CB and turn ECR into something very prospective.

Keep the faith :D

This morning with permission of the company

Our genesis as a value-driven Australian-focussed resource company will be cemented on the appointment of a new CEO, which we anticipate in the coming weeks, as we look forward to what we believe is a very bright future in this region.

Enjoyed reading this from the RNS

MS said at the end of February that they would out together a jorc in a matter of a few short weeks and nothing yet. Hoping, this actually is a few short weeks :D but it would be a huge welcome

Got a beer as soon as I finished work ha

Fundamentals look good here and the company have always been very good in releasing assays in a quick manor. The last couple of sets have been very encouraging, but it’s had no positive affect on the share price.

I believe the new ceo will be the spark which ignites the life back into Empire, followed by a JORC estimate

It’s hard because I do my research. Spend hours scrolling through the RNS history. I watch interviews. Look for updates on YouTube and Twitter but none of it can save me

I’ve increased my holding in my sipp in ecr but reduced my isa. Same with a number of companies. My isa now only contains eee, Orr,ecr

Moving a lot of it over to IG to throw into Antipa. 3 JVs. 1 of which with Rio Tinto looks to be a monster of a deposit. It’s 100% owned north telfer project, 800,000 oz and growing. After the placing, $30m in the bank. 127m market cap but this will grow, and fast.

It’s a very draining sector to be in and I’m becoming more and more aware of this fact.

Empire has such a tiny market cap and a number of big catalysts incoming. No risk at this price for me. Put optimisation and “the next step” for eclipse is what I’m waiting for, as well as the new ceo announcement.

borrrrrrrrrrrrrrrrrrrrrrrrrrred :D

ECR has drained me of any confidence in the small cap market. What a terrible start to the year. Over 50% down

I'm hoping this saves my blushes slightly but been waiting on news since 23rd February. New CEO hopefully soon but wont hold my breath

I think it takes them roughly 2 weeks to complete 1 hole

But what can they do? Been thinking of this all day

Besides:
-confirming the JV
- Buying a secondary drill

It's back to the drawing board. We still have 1or2 assays from holes to come in, is that correct? but beyond that, MIDAS may be on its travels across Bailleston to test for new mineralisation? Assays in 2 months? who knows

Hoping StockBox catch a quick 10 minutes with him

He did extremely well to get the £2m placing at 2.2p, right before he dropped the Assays.

at least they're 2fully funded" moving forward

rich** :)

There's already proven gold at both, how much? Who knows

Creswick is huge and they've drilled what? 1,700m

Far far far more work to get through before understanding what kind of resource is in the ground there, and Bailleston for that matter.

From what I've read through on previous RNS', the grades are good, but not blockbusting. Blue moon returned 17g/t over 1m, Creswick 44g/t over 1m but then they drop.

Empire metals have the Eclipse project. their market cap is significantly lower and by what i can see, the grades they've returned are better
24m @ 1.44 g/t Au from 46m downhole
5m @ 6.50 g/t Au from 26m
14 m @ 1.70 g/t Au from 9m
3m @ 21.96 g/t gold ('Au') from 45m (including 1m @ 56.9 g/t Au)

Not the worlds best assays, but all at very shallow depths and perfect for an open pit mine. The point being, they're expecting to release a JORC estimate soon which will be <100,000 Oz.

From what I've seen, the company are still some time off releasing any JORC estimates which will be a real driver in getting Bailleston noticed. Maybe a JV here as well would be a good move, relocate MIDAS to Tambo South/North as and when they're announced. He seems to have a good team in place I'm just trying to add the pieces together as we recieve them.

Still very encouraged long term which is why I've added nicely to my SIPP, but short term I'm not so sure. This may be a blessing in disguise, if it chasers away the "get rick Quick" investors so fail to see the bigger picture

Where do they go as a company?

It's by no stretch of the imagination the end of the world, it's just slightly underwhelming for me. 19g/t is a great value, high grade and very appealing. However, with it being over a limited width and not much else to report between the 5 holes, I was expecting this drop.

Although i am long term, you do want to see progress in the short term which will progress in time and all build up to your end goal. The assays show HR3 may be prospective of gold mineralisation, but how much? I really don't know. 3-4 months work has just been compressed into 1 RNS which was a mixed bag for me and something that doesn't fill me with excitement

Do you now go and spend another 3 months time exploring a new reef/target, wait until Q3 to release the results and face 5/6/7 dusters or low grade targets

or

Do you "ramp up" exploration which the RNS a few weeks back hinted at, Buy a second drill and return to Blue moon and Black Cat. Start to build up a couple of resources with a bit of substance to them, and give yourselves a number to work with. after all it remains Craig's intentions to identify a number of resources and take Bailleston to production.

They've clearly been getting on with it behind the scenes and drilling, but activities are running at a pace that's it's going to take quite a lot of time to extract some value back. I'm dying for them announce the JV, get some sentiment back and begin progressing over near Ballarat.

I think these were the first official assays the company have released in 18 months? Holes 2&4 being dusters and Hole 3 returning best results of 0.8m @ 1.19 g/t Au

Be nice to hear from Craig and inform us on the plans moving forward and hopefully he can turn Bailleston into the crown jewell he believes that it is

It's definitely worth investing in, I'm not in the get rich quick category, especially now i have more in my SIPP than my ISA. but you still want to see progress as your investment continues.

Hole 1 is very encouraging for me, and it's an area I'd like them to explore more in the future. but at the current pace, it will take a while to generate value at Bailleston, but by all accounts exploration is being ramped up and I'm excited to see whether they return to Blue moon, purchase a second drill rig or both.

What sets us apart from other juniors? We have our own drill rig? it's what you find with that drill rig that counts, this is just the start and I'm sure there's plenty more in the tank. I would like activities to be accelerated, and fingers crossed we get that JV over the line at some point soon.

I am ever the optimist with ECR, i think that's been proven on here but it is a mixed bag of results for me with some nice high grade values showing