Member Info for AG1989

I think this is the one CB takes a little dig about other companies and ECR are on the ground 365 days a year drilling. And you know what, why not sell yourself?

Strong possibility if this was accepted it would form part of the JV agreement so exploration would begin this year and quickly accelerate. Wondering how much more RRR can take on and how funded they are to progress such a license? I'm sure there'll be others in for it too

Baffling, the herd will arrive in a couple of weeks IMO. the assays alone don't seem to be doing the trick. If they strike big around Jacks Dream, there's potential to double or at least significantly increase the JORC around the Eclipse shaft. New CEO is obviously key, and the Georgian assets sale would be a bonus

Yeah. Posting negative after negative comment and then questioning the sentiment and negative action with the SP? Hahah couldn’t make it up.

Hoping for a Green day and a mid afternoon RNS thrown into the mix.

That’s great news. The final decision always lies with you, I just think it’s healthy to share the reasons I’m invested here, it costs nothing to be helpful.

Last year I thought about Greatland a lot. And looking around the sector it was like nothing could touch it. But when you break it down, success isn’t a recipe only Greatland have the ingredients to. The ingredients are the same for every company, it’s how the company apples itself to these fundamentals to bring it all together.
It’s nice to take a step back and ask yourself the important questions.

Are they funded? A Yes here decreases the likeliness of further fund raising in the near to mid term future. ECR CURRENTLY HAVE FUNDING UNTIL 2023 WITH THE PLANNED EXPLORATION CAMPAIGN THEYVE PUT IN PLACE. MINIMAL RENT & LEGAL FEES, 2 FULL TIME UK STAFF, FINANCES ARE STRICTLY AND APPROPRIATELY MANAGED.

Do they have a product? CRAIG HAS MENTIONED NUMEROUS TIMES ABOUT OTHER COMPANIES PURCHASING LAND AND DOING NOTHING WITH IT. HES EXTREMELY CONTENT WITH CRESWICK AND BAILLESTON AND WANTS PRODUCTION AT BOTH. BEFORE COVID HIT, THERE WERE REGULAR FIELD WORK ACTIVITIES UNDERTAKEN PROVING THERE IS A HEALTHY GOLD SYSTEM AT BOTH.

Do they have the resources in place to convert the “potential” into real value? CB IN 2020 WENT OUT AND PURCHASED A DIAMOND DRILL RIG. A RIG WHICH SINCE IT STARTED DRILLING, HASNT STOPPED. VISIBLE GOLD HAS BEEN EXTRACTED IN HOLE 1. XRF ANALYSER TO TEST THE CORE AND PLANS TO BUILD AN ON-SITE LAB. TALKS OF A SECOND DRILL LATER IN THE YEAR

Has ECR grabbed the attention of any majors? NUMEROUS OFFERS TURNED DOWN FOR BAILLESTON AND A JV PENDING AT CRESWICK, ITS A HUUUUGE YES HERE

Has the board got the experience and capability of growing ECR? 100%. CRAIG HAS BEEN INVOLVED IN TAKING PROJECTS INTO PRODUCTION AND HAS TREMENDOUS GEOLOGICAL SUPPORT WITH RODNEY AND OTHERS

Is ECR over valued or are there big rewards to be had here .? CURRENT MARKET CAP £20 MILLION. A VERY LONG WAY TO GO BUT THERE HAS POTENTIAL TO BE MULTI MILLION OUNCES OF GOLD BETWEEN BOTH PROJECTS COMBINED. AT CURRENT PRICE OF £1262 PER OUNCE, BEFORE AISC COSTS ONE MILLION OUNCES EQUATES TO AROUND £1.262 BILLION. YOU READ THAT RIGHT. CRESWICK ALONE COULD BE A SLEEPING GIANT. THE POTENTIAL TO GROW ITS CURRENT MARKET CAP IS FRIGHTENING.

I don’t want to continue and say how it’s unfair and how ECR is incredibly undervalued but when I sit back and evaluate everything, it’s a screaming buy for me. It was at 4p, it is at 2.4p and it would be at sub 2p. Please DYOR but don’t let a couple of slow weeks deter your conviction here and long term goal. The journey is upon us and I can only see brighter days ahead. 2021 is all about proving up your projects, proving to the market what you actually have, the rewards will come at a later point than this. Keep the faith.

The thing with ECR, there’s always a risk reward element to it, like most mining stocks at this stage. All of the Gold is essentially in the ground and unproven in many targets in both Bailleston and Creswick. By unproven, I mean resources. There is gold in the ground, 2021 for me is a big year to find out how much.

Not just how much, what depths is it at, is an open pit viable or are the tastier grades down at depth. Despite the rumours of £1million disappearing into thin air, the company seem fully funded until 2023.
- Drilling everyday and no intentions to stop
- Historic and positive assays returned at:
Blue moon
Black cat
Creswick
-own drill purchased
- on site analysis equipment
- JV talks look healthy
- numerous licenses applied for
- minimal legal fees (£10,000 a year)
- £1500 monthly rent

And I could go on and then, but I agree JTB, I’m confident too. In an ideal world, there are no hurdles, and we continue to see a steady SP increase until the day we withdraw. But this isn’t an ideal world. It’s investing. It’s not a gauranteed money spinner and these things take time. Unfortunately there may be investors here who have gone all in between 3-4p and can’t afford to average down, that’s where the waiting game comes in.

My confidence in this investment hasn’t been dented in the slightest, if it had, I wouldn’t be making the top ups I am. It’s good the likes of yourself, trek, TS, Gino and a few others take time to try and educate and share your knowledge. It doesn’t go unnoticed and puts a nice spin on days like today.

My inevitable comment was trying to come across tongue in cheek. I’m not sure where this goes short term. But reading the sentiment on here lately and Twitter, I anticipate more selling soon if news does not land within the next week or two. And as a result we may drop to lower levels. I won’t be selling

Angoose my reply was towards Dill, thought his comment was childish and unwarranted but I should get used to that.

JTB - in terms of charts, I completely agree. It used to be a case of get in at all costs and sit back. But I’m learning that in most cases, I can possibly get an entry point 10-20% down on the price I was willing to pay originally.

I’ve kind of been more sensible lately in the American markets. Took advantage of the drop recently and made a nice 20-30% and sold. I’ve used the funds to average down here and will leave a free float in my account to use “if” these levels continue to drop. Using the same approach over at EMpire metals. The rest of my shares are in my sipp so won’t be adjusting them, will let them ride for a couple of years :)

Not fully defending Craig here, obviously it wasn’t ideal priming the market and investors that the assays were in.

That being said, the whole market sentiment has shifted and it’s took one hell of a beating throughout. I’ve seen empire metals and Orosur release good news, solid grades and both take a dive. And they’re not alone.

Maybe releasing news into this market isn’t the most sensible approach. Warrants and a general sell off, would one batch of 150m assays have kept this in the 3.5-4p or stopped this from dropping, I’m not so sure.

I don’t know the legalities of releasing assays or market sensitive information, but it may be best to wait and release an RNS with more substance. (2-3 holes worth of assays/license approvals/JV agreement).

From purchasing at 4p, nothing has changed. So now this is down 30-40%, it’s an unbelievable opportunity which I’ve taken recently and will continue to add at lower levels.

What an idiot.

Tell you something, if he follow him on Twitter he’s bang on the money.

When OMI was climbing in the 30’s he said it could go back under 21 and nobody believed him. Said GGp is at risk of falling under support and under 20p and everyone thought he was mad, same with empire metals. His take on charts in general has been second to none for me and has helped me either re enter shares or top up at a much lower price

The issue with these boards, far too many investors are too lazy to do their own research and will piggy back off others. And when that research pays off nothing gets said, when it doesn’t, it’s world war 3. Stop blaming others, do some digging and take responsibility for your own investing.

Haha one thing I can guarantee it won’t be me selling, buying only. Bought 300,000 yesterday and the drop hasn’t stopped.

Since 4p, nothing has changed and the drill hasn’t stopped or won’t continue to stop. Lots of value to be had here. Think of the positives.

Waiting for the inevitable sell off soon and il lump on at 2p. No problem.

hahah Gold painted rocks we'll see next.

They're in a lose/lose position with tweets like that.

They don't bother me in the slightest but i know for a fact all we're going to hear now is "They clearly have nothing good to post so they're showing us MIDAS" and the drop will continue. Just switch off TS

Just seen now, nice to see MIDAS busy but these could be photos from Hole1 or hole 4. Doesn't tell me anything new. At least it's not the slideshow :D

Been thinking about this lately, fully funded for ongoing exploration at Eclipse, add £4million to the coffers with an advanced small scale project, the buyers will flood in before the GOLD starts being pulled from the ground

For all we know, we could be on hole 3, maybe 4 by now with MIDAS red hot and overloaded from non stop core extraction.

Can’t wait to see the U turn on here from some investors when we start hearing progress again. CBs fault for the decline in sp, I’m sure you’ll all be agreeing that when this starts to rise, that’s on him too ?

I’ve set my mindset in not hearing news until mid to late April now just in case. And as a result I think we’ll see 2p levels again, glad I’ve thought on and have a few thousand to top up if/as that happens. Either use it as an opportunity/sit back and check in further in Q2 or sell up.

Not spending my days stressing on here. I wouldn’t be selling at 5p so I’m not getting itchy when it drops to 2.5p. I’m here for production at Bailleston and Creswick, 2 goals I believe are achievable and are on track.

Nothing has changed. GGP OMI EEE WSBN COBR E ORR. all very promising projects and all took a kicking lately.

Chances of seeing 2p?

Strange one this. Dropped from over 4p in a couple of months with some brilliant assays reported.

Topped up all the way down but refusing to any more, can’t catch the bottom. Il see what next week brings, new ceo announcement needed.

Just slow weeks like this week need to remind yourself the potential of eclipse and the returns it can bring to shareholders.

Didn’t they have a huge seller the other month and it dumped half its market cap all over the floor

Not for me, would never buy into a share and pin all hopes on the takeover. Best of luck to all holding though.

Freetrade **

Not for day trading or options but plain and simple investing long term, it’s perfect for me.

I picked up around 330,000 shares before, £0 commission.

BH, so when the sp hits double figures or 10p, they can exercise their options and shares at 4p and 5.5p respectively?

All to say, you must have some level of confidence moving forward. MS was surprised by the latest reaction to the assays, but EEE are not alone here.

New CEO, Sale of Gerogian asset and the JORC will bring much needed stability and buyers back to Empire metals