Member Info for AG1989

The results from Fare are evidence of a very healthy Gold system, that’s going nowhere. Madina bafe results which are significant to IAMGOLD with the Boto project right next door. Drilling to resume at Bibemi targeting the higher grade zones

Plenty going on here and at £7m MCAP I’m happy to load up

Yeah I know of one rather large BUY from last week but no doubt there will be others.

It really is a tightly held stock, all the way from the directors and 10% shareholders, down to your private investors. The company have applied themselves in the highest possible manor and the share price will soon reflect it

If you look at a 6 monthly - 12 monthly Cora chart, it’s sheer perfection. From the time of drilling in March to when the results began to filter out, I couldn’t have predicted a better rise. Very consistent, and we’re only halfway through the news flow.

There’s no guarantees for more Bonanza grades, but I’d be very surprised not to see some. Especially with the company retargeting the high grade Zones hit in phase 1.

https://earthresources.vic.gov.au/legislation-and-regulations/regulator-performance-reporting/monthly-reports

Interesting to note too, the monthly reports only reaches as far as June. They’re usually on the top of these and report regularly. To me confirming the delays and heavy backlog within the department as stated previously.

But up until June, the only application not accepted to date was the Ballarat license.

It touched 18p this morning briefly. Is that the highest it’s ever been ?

Expecting it to race well beyond that in the coming weeks and months.

Can’t see any movement on the JV until the two adjacent licenses are granted and we find out the fate of the Ballarat application. Factors currently outside the control of ecr minerals.

"Results are pending for recently drilled CJD001, which is our most southerly drilled hole along strike to date (2km south of CSD001-CSD002). Significant quartz veining has been intersected within this hole"

This was in the last Creswick RNS over a month ago so I can't imagine the results for this hole being too far away maestro1

Yeah definitely. I think there’s a real opportunity to prove up Creswick into a flagship project they can JV out. Another 20 holes, possibly covering parts of the new tenements(if granted), and we could really see progress. Get a company spending X millions and let them help create value for its shareholders.

Then the company can really analyse
HR3
Cherry tree
Black cat
Blue moon

And attack numerous prospects with a phase 2 drilling, and/or Queensland/tambo. There are certainly options available moving forward but yeah an update on current drilling would be welcome. Can’t see Creswick results being far away so we should hear more soon.

Interesting to note to, things can change in the blink of an eye in this game at any time. Just takes one huge hit at Creswick and/or Bailleston and it may put a whole new spin on this moving forward

Maybe 2023 for me, but I'l analyse the progression as we go on. The exploration game, identify these small Cap gold companies and watch them grow. Results will do the talking LW, looking forward to the JORC resources coming together with early stage production plans in place. By that stage I'd imagine we'd be 5-10X the current Market Cap. In 6-12 months time, i think they'd still be spread quite thin drilling 3 out of the 4 of (Bailleston,Creswick, Tambo & Queensland so fingers crossed we have that JV tied up to refocus resources elsewhere. 2 wholly owned drills turning away 24/7 will be a blessing and will put ECR in a very good position at exploiting the Geology in Victoria

I wouldn't bother LW - Absolute substance in none of his posts and just wants to attack shareholders without adding anything - Delusion

Filtered

Exactly my thoughts Paul

Meaning of an investor

"a person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit."

Do your research
Invest your money
And whether it takes you two weeks, two months or two years to achieve your profit or targeted price, that's the individuals prerogative.

I do my fair share of researching every week at an aim of making a profit, normally in the exploration space it's not a 1-2 month target, but much longer. If you feel your investment hasn't got the legs to make you a profit or even break even, you sell. (Or i would. Or if you feel its dropped to a level where it feels oversold or there's value to be had, you hold or top up, which I've done

Super - your earlier post about Banks buying all of the Gold etc - If you listened to the recent interview, you'd hear the CEO of this company clearly state so solely focus on the project itself and what it can deliver, and not those external factors

If investors or posters on here can't see anything wrong with ECR or believe that its destined for really big things, honestly that's great. I appreciate all kinds of opinions, just try and understand those opinions from investors not on the same wave length, whether you agree with them or not

Yeah because selling and buying them all back, in a different account, that's a traders dream right there isn't it

TS - I think in hindsight it was a good move, but with an initial expectation the price would recover back beyond 3p

Before the placing was announced on 9th April, the share price was down to 2.6-2.7p so it had already taken a hit before this was announced to the market. I don't believe the communication from the company was satisfactory stating that we are fully funded, but if you take those placing funds away from todays finances, it would leave the company with just over £2m. Also limiting the purchases of a second drill and Queensland licenses.

There was a drop off in market sentiment but not enough to take us to levels we are now. The results haven't been market friendly but I'm confident in the work they're doing at the minute that they're giving themselves every chance to deliver

Good analysis LW and agreed, there will be a point where the buyers overshadow and outweigh the sells, but when that will be, anyone's guess

I probably feel the same about the results, but if the next Creswick results are consistent with the ones released to date, I'd be more than satisfied.

"Before the banks buy all the cheap Gold" - Yeah that's exactly my thought process.
Just because i like one project and I don't really like another - That is allowed
Just because I don't put the 66% decline in SP since the start of 2021 all down to "Market sentiment" or some other buzz phrase, does not make you a basher and deramper

I'm not a fantasist, i like to live in the real world, take in the reports and accept it, the sooner i do that, the sooner i can assess the situation and move on. The Bitter/Toxic environment this board turns into at times is outrageous. Investors can't come on and apply their opinions without being labelled a basher.

Yep, that's exactly it

Yeah it’s a difficult one because even my holding in my sipp I reduced last month or the one before.

But as this has been dropping, the opportunity for me personally increases. There’s no guarantee this will hold a £14m mcap, but for an exploration company with two of its own purchase drills, £4m in the bank and 2 Gold projects in Victoria, there’s plenty going on to return value here, it’s just not an overnight process.

24 years**

I did mate yeah, I see Near term opportunity elsewhere and I've been upfront about that, especially with buying a new house soon. I think my first ISA purchase was around 1.75p, then i made purchases all the way up to 3p, 4p and beyond and back down. Bought in my SIPP and sold in my ISA. Point was, my average now is below the 1.75p price of my first purchase last year, although i probably didn't communicate that very well

I'm happy to hold for the foreseeable and if we see progress within the next 4-6 months, they can stay in my SIPP for as long as i deem appropriate as i can't take my SIPP for 21 years. I do genuiely see value in ECR, especially at these levels but i think the results so need to improve. The company need new investors bedding into stock and a big increase in volume, there are a lot of sceptics out there with ECR already and I'm hoping theyre all proven wrong. Time will tell

cashking - This is the situation now, there wont be an onslaught of news but we'll still get results fed to us as the year goes by

Look at the holes drilled to date in 2021 and look at what has been reported so far
Bailleston:

HR3:
Hole 1 - Reported
Hole 2 - Reported
Hole 3 - Reported
Hole 4 - Reported
Hole 5 - Reported
Hole 6 - Reported
Hole 7 Reported
Hole 8 - Reported

Cherry Tree
Hole 1 - Reported
Hole 2 - Reported
Hole 3 - Reported
Hole 4 - Still to come
Hole 5 - Still to come

Creswick
Hole 1 - Reported
Hole 2 - Reported
Hole 3 - Reported
Hole 4 - Reported
Holes 5-8/9 - Still to come

As well as licensing news which could hit anytime soon or next year and any additional drilling in the near future. 3 or 4 more high grade hits at Creswick and more drilling to try and get this JV signed up or i really can't see the SP moving all that much based on Reported results + Market reaction so far in 2021. I could stick my money in any low market cap exploration company but I've remained here for Creswick, i was instantly drawn to it with the 80g/t hit and with further results, its really wetting the appetite. Very happy to be proven wrong about Bailleston too, and seeing any progress with Blue moon and accessibility

I said months ago it was a poor statement for me which puts unwanted pressure on anticipation. It’s a deadline which isn’t crucial but investors have clearly picked up on

I took minimal notice personally as far as my investment was concerned here. . 5 a week. 1 a week. None a week. Doesn’t really matter, what matters is the substance within them. The data and material they add to the story and projects moving forward. Still doubtful over Bailleston, yet really looking forward to the upcoming Creswick assays. I feel the potential for a shallow, mineralised operation is really exciting and I’m hoping drilling continues none stop until the new year

After the raise in April the company had £5.8m. In just over 4 months they have £4.3m.(nicely positioned) So a cash burn of £1.5m in 4 months. The new drill Rig will have took a chunk of that but moving forward, there’ll probably still be a monthly cash burn around £150-000-£200,000 on current operations.
In 6 months time, the company may have around £3m left in the bank, which is fine, but with the money spent you’d want to start to see some return and progress being made. It’s not just about being “fully cashed up “ and “drilling 24/7”, these are just catalysts to put you in a promising position. It’s the results of those resources and actions that will pave the way for the future of ecr minerals.

The model they’ve adopted at HR3 and possibly CT, drill, identify the structures, understand the data and then target a phase 2, follow up campaign. Watching very closely how this pans out and whether the company improve on results from phase 1 and can begin to put a resource together. along with Creswick, and I believe there’ll be a decision made to prioritise one of these projects moving forward (for the near term).

Still holding and grateful to hold an average now below my very first purchase over 12 months ago. Let’s see what those Victoria Gold fields are hiding under all of that earth.