Member Info for AG1989

Have a good weekend Gino and everybody.

How are people currently feeling about ECR? What are peoples near term and long term expectations of the company ?

From a personal stand point, nothing has changed. I’m in long term and I want ECR to be that life changing company for me. The kind many had when GGP came knocking. I’ve been buying the dips and building as strong a position of financially possible. I’ve sold my ARB (twice) after making healthy returns and pumping it all back here.

I just feel when we eventually hear an RNS, it has to be good news regarding Creswick. The last couple of weeks you can see investors have become inpatient and the price has retraced back to 3.4p. (They’re no loss long term if they can’t sit on their hands for a little longer). But If it’s another 3-4 weeks without news or a no deal at Creswick, we are straight back to the 2-3p zone for the time being.

Restrictions have seriously halted the company in Victoria but since an interview form CB back in March 2020, the only real progress for me is the drill rig purchase, now stationed at Bailleston.

The board at ECR have a unique opportunity to unlock shareholder potential here on 2 enormous fronts. I, as well as most of you am eager to hear about a Bailleston drilling campaign, marked for the next 12-18 months. A campaign itself which will not only add value to the market cap, but will strengthen our position in terms of future JV talks and negotiations.

I believe we will hear a JV announcement about Creswick within 4 weeks and then it’s take off time. First target 10p which would still be a market cap under £70 million. Then an RNS about drilling having commenced at Bailleston and it won’t be long until we’re over £100 million

In 18-24 months, if ECR are deadly serious about these two licenses, I see no reason why a £1 a share valuation is not achievable. I’m hoping in 12 months we finalise a JV deal at Bailleston too, freeing up the drill rig to go and test Tambo

Fingers crossed, but we have an unbelievable 2021 ahead of us, stay patient, keep the faith and buy ECR :D

I feel with the results previously at Bailleston, combined with the recent drill rig purchase, drilling it ourselves would be a more viable option. Prove those grades up further to strengthen any negotiation talks further down the line in terms of JV

I'm happy to wait but agree with Gino about the twitter, in a 10 day period you will see the same post recycled 3-4 times. We know what we have, let's get this party started with some forward planning and drilling campaigns.

Not surprised with the drop recently, what else can we expect?

Since the "recent" rise form 1.8p to the 4p mark, it was always destined to take a breather without any further news. It's allowed me to take profits from ARB and add heavily here.

Until CB releases a strong drilling update and/or a JV announcement at Creswick, these are the new levels, for now unless more get bored and leave ECR for good

Lonnnnnnnng for me. They're not getting a single share from me

Good to hear TS. Same here. Just bought another 30,000 myself. Small top up but couldn’t resist :)

Was speaking to a lad in work today about it, what seems like a relatively boring day which has retraced slightly, holding above 4p is a great sign for me. I'd take those figures going into the new year

To be fair John I'm also invested in Orosur. And with them having a strong JV in place you'd imagine this to be the best option. But something in the back of mind just doesn't sit right. Whether its the board or communication. I remain invested and believe 2021 will provide multiples

I think there's enough money to be made for all of us :D it's all about research and feeling comfortable putting your finances in their hands.

Trekmadone good summary

Just had a quick look into Cobra

"Cobra Resources (COBR:LSE) have announced significant gold intercepts at the Baggy Green deposit. The Baggy Green JORC resource is currently estimated at 94,000 oz and occurs as two deposits. There are said to be a further six exploration holes targeting new mineralisation."

"9m at 1.07 g/t to the north of the southern JORC resource zone

1m at 3.73 g/t in an exploration hole approximately 300m to the north of the northern JORC resource zone

Two thick low-grade intercepts of 13m at 0.33 g/t and 10m at 0.29 g/t both to the south of the southern JORC resource zone"

Is 94,000 ounces what they're expecting?

For general reference to any new investors

Bailleston

"Significant intersections from Q1 2019 reverse circulation (RC) drilling by MGA at the Blue Moon prospect within the Bailieston project area included 2 metres at 17.87 g/t gold from 57 metres down hole in BBM007 within a zone of 15 metres at 3.81 g/t gold from 51 metres, and 3 metres at 3.88 g/t gold from 170 metres down hole within a zone of 11 metres at 2.42 g/t gold from 169 metres in hole BBM006. These intersections are apparent width. The results of this programme have confirmed Blue Moon as a new gold discovery within the Bailieston project area. More details regarding the drilling can be found here."

Creswick

"MGA completed 1687m of reverse circulation (RC) drilling at Creswick in February 2019 for 17 holes. On 8 May 2019, ECR announced that the majority of the drill results had been received, with grades in nine holes ranging from 0.6 g/t gold to 44.63 g/t gold."

https://www.ecrminerals.com/projects-investments/victorian-gold-projects-australia

Hi John. Haven't Cobra just had some less than satisfying results? Saw the drop in SP, but wish you all the best of luck moving forward and happy returns.

But if your expecting a nice flow and communication from investors on the ECR board, comparing other shares as a better option against theirs isn't going to go down well

IMHO, above OMI and WISHBONE and all the other hype, ECR seems head and shoulders above and is set to have an unbelievable 2021

- 2 Licenses with brilliant grades drilled just a few years back

- Own Diamond Drill rig purchased, not reliant on contractor times and restraints

- Lab on site to ASSAY results to give a better understanding how the drilling campaign is going

- JV and earn in opportunities turned down at Bailleston whilst ECR prove it up themselves for a much better deal further down the line

- JV talks ongoing at Creswick with many interested parties, announcement expected in the not too distant future-

- £26.7 million Market cap (This is crucial with plenty of upside, providing you have al of the fundamentals in place, see above)

The list is mind blowing but as always DYOR and that's the good thing about opinions, everyone has one

To be fair, drilling news alone will send this flying in the right direction. However you'd only imagine an RNS stating drilling has begun and specific targets. Official grades, your probably talking late Feb to March

I agree with Gino here. Get it turning, you've bought it, stenciled it, god knows what else, lets get our value generated

JV before any kind of drilling grades seems nailed on now, however we may have an RNS to state drilling has commenced.

Just a quick message on here before the festivities kick in.

Only started investing this year in March as a side hobby but since I’ve picked up quite a lot and still learning. It’s thanks to the insights of few and many on here and Twitter, I’m able to approach this is such a successful manor

Small steps but i have many high hopes for ECR on 2021 and I won’t be missing it

Merry Christmas all

Another 7% down. It’ll find a Jew support and hover around that. Just waiting for an RNS to land to boost it back up. No issues.

You’ve got to take the rough with the smooth

Not long ago we were on 1.80p and all that has changed are the restrictions being lifted and the director purchases. Big factors don’t get me wrong but it was always going to pullback without the news we’re waiting for.

I’m topping up as I want to accumulate maybe another 100,000 and then just sit back and let 2021 takes it course.

Hopefully the site visit is scheduled soon or has already happened. We should know a lot more in 4-5 weeks I think, not just with Creswick but also Bailleston and future campaigns.

There are companies on the AIM that regularly drop 20-30% and then bounce back up a little with a lot of volatility. You don’t have that here, a strong share and it will only get better

AG

Very early days yet

Although don’t be surprised by an immediate pullback

Look at Rincons market cap. Gunsynd owns 16%. Now look at Guns market cap

As long as your not a day trader you’ll be fine. This will gradually move through the gears in the coming months

That’s a mistake. That would mean Rincon have 750 million + shares I circulation.

I think the market cap is just into double figures (millions)

Up around 55%. Il take it.

Probably to see a rise in GUN sP on the bell

Having a few afternoon drinks tomorrow but I’ve booked Monday off. Be interesting to follow Rincon when they IPO late on.

Frank, welcome to the board. Like I say to most nee posters, get yourself to ECR minerals website and look on the projects page. Nicely sums up what is going on at the minute and news we are expecting later this month/early next year

You seem very diversified and spread out. Don’t just throw money at something because your mates have, DYOR. I’m a new trader as of March this year but have picked up a lot on the way. Was in BPC, ALBA and EUA at some point but after digging a little deeper, there was better potential elsewhere.

I believe this board over the next 6-8 weeks will become increasingly busier and word spreads and the SP will hopefully continue a nice steady climb. Small steps but ECR is definitely heading in a positive direction.

Definitely Mulletman. Totally agree

All of the momentum is with it so there's every chance. The higher the better but i dont want the arse falling out of it and bursting. Just under a £10million market cap, anything soon between £15-20 million would seem an unrealistic figure for me, only 16%. There are other investments but Rincon seems the main Catalyst here

I'm in long term so i don't want to come across as negative. As soon as Rincon begin official exploration and regularly reporting grades and drilling results, we'll see a nice rise in Gunsynd. Marathon, not a sprint.

The SP is up 107% in the past 2 weeks. A fantastic return already and a nice platform to build upon