Member Info for AG1989

7296 is a huge license connecting both tenements at Bailleston. This would be a gem if and when it gets the go ahead.

Yes mate, stockbox were supposed to record one last night with him but it has been delayed slightly. Should be recorded soon

Haha too true Trek. I said on twitter last night, you'd be absolutely bonkers to sell this morning before at least hearing Craig out

Well if 6907 is approved too, this is significant. Apart from the license around Ballarat, the licenses look in place to potentially get a JV away. Can see an RNS coming soon.

Looking good today, let’s keep the sentiment up and listen to what Craig has to say

If true, I’d imagine they’re waiting for 6907 to be granted before releasing the RNS as a license package deal.

One small step forward which significantly increases our footprint in the Creswick area, both licenses connected too. Clearly Craig wants to be involved with the drilling here in some form and the funds from the placing will sure help

If true, that’s great news. Really is

EL006907 next would be a bonus too. 6713 connects directly to our existing Creswick license and 6907 connects below that.

Is this confirmed ?

Best answer all weekend Trek.

Let’s pray for a red dot in the morning. Just not one like we had Friday :(

Glittertip has had a reply from stock box

“Short term delay after speaking to Craig”. I don’t think they’ve interviewed him yet.

The very limited Craig spoke about the potential JV partner at Creswick, he did sound extremely satisfied with the company. A company with all of the latest technology and has had experience dealing with big projects. I just felt when listening, this potential deal with the JV partner sounds solid and structured and got good vibes. If the sentiment from that has changed in 2 months, god knows how long it takes advance talks with another company.

You are right. It’s about the best deal. A deal that lets ECR maintain a reasonable stake, and takes the pressure off financially. I kind of just want progression now.

Lot of time has passed since ECR last stuck the drill bit into the DMS. “If” for whatever reason the JV doesn’t come off soon, I’d like to see the company attack Creswick with an aggressive work plan. An extra drill rig, a couple of drilling contractors, storage facilities. At least we’d be drilling 24/7 on two projects, maintaining 100% ownership of each one.

Sorry Dill - wires crossed you are correct. Alan Green is a regular feature on the stock box podcast and has messages to say he will be interviewing CB very soon.

The stock box interview with Craig may go ahead as planned and recorded tonight. Pretty sure we should hear something tomorrow maybe.

Had a reply from Alan Green. Just says he will be interviewing Craig again very soon and questions will be answered then.

“Craig was probably delayed because he’s been at the pub with his buddies laughing about the placing”

:D

Yeah it’s the reason I signed up to IG, to gain access to the ASX. Market cap around £65m. 3 JV. 1 of which has a resource of 1.3 million oz Au and growing. Then it has the north telfer project 100% owned. 800,000 oz. just commenced another 15,000 RC & 6,000m DD campaign this month. 10 million in the bank. The copper alone there is worth more than its market cap. That’s my big one to tuck away, little freebie for anyone who’s interested

Sorry for the cross ramp. But it’s slow here and old content and the placing just seems to be getting recycled. But I want the same for ECR. Having a major onboard too, attracts more institutional investment. There are hundreds of mining companies out there in a similar position to us. I believe ECR has all the factors and fundamentals to generate serious growth for its shareholders but the process may take a bit more time than I first anticipated. It’s certainly not the end of the world but quite a lot hangs of these assays for me. It tells me whether we can add the HR3 Byron reef to the list of existing potential resources (black cat and blue moon), or we need to start again at a fresh target. Blue moon would be my destination.

There’s easily enough funds to buy 2 additional rigs. Mobilise another one at Bailleston and potentially one at Creswick, whatever our involvement is there. If this becomes a reality, it starts to set us apart from the rest. A junior mining exploration company with a very good in house drilling team. Numerous drills, core sheds, labs and drilling equipment on site 365 days of the year. Not waiting 3 months to rent a drill for a limited amount of time. I still have full confidence in the board to produce the goods. But their time is now. How they spend this £5.8m will be their legacy. If the company don’t find a way of progressing within the next 12 months with these available funds, I don’t think they ever will.

I’ve loaded up in my sipp and this won’t be getting touched for years. If the JV is off, I may reconsider the allocation in my ISA and move some of it over to Antipa. That’s the hidden gem right there.

Long term I see tremendous value in ECR. It’s why I’m invested. But you still want to see the company grow short term and push on. A delay in the JV would be mighty underwhelming for me and i can see this going sub 2p. But I’m not too concerned about that right now.

I just want to see the company push forward and a big part of my investment is that JV. Shares risk, probably a free ride, or almost a free ride. A major onboard drilling 365 days on the year with 3/4/5 rigs spinning away. I believe we can get just as much value in a 30% retention of Creswick within 18 months, than we can at Bailleston.

The licensing until recently seemed the main reason the JV was being held up, if it’s now to do with the terms and conditions of the JV partner, it’s back to square 1. You’ll need to build core sheds, sheds to keep your drilling equipment, onsite facilities and what, maybe put 10-12 holes in it in 2021?

It’s still all speculation, we may be drilling along side the JV partner but that’s just my take on it.

Great post legalwolf and I understand and appreciate investors have a different take on matters.

I sure hope so BH. Some really encouraging assays the last 3-4 months and the sp has nose dived. I was hoping to see a more gradual rise and if the company need to raise funds in the future, they can do so at a more favourable price.

They’re making all the right moves on the ground. Excited to hear assays from jacks dream and see what kind of jorc they can sketch out for us.

Nee ceo would be amazing this week.

Asleep, yeah a new drill rig is a must :D

I think the only way the JV will be off the cards is if the licensing applied for, are rejected. Licensing issues seemed to be the issue but this placing may have been in the works for some time.

It does look like we will be drilling Creswick in some sense and hoping for more clarification later.

Talking sense has been active since the placing and has shared his views. Why do you need him?

Yeah and definitely not out of the question. I think it will be a few weeks yet. But looking back at the start of the year, we couldn’t keep CB off our screens. If the results are positive you’ll be likely to hear from them the same day/following day

Even when they’re not very good, they come out and sugarcoat it all the terminology “path finding elements”