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@horsetrader2

I would say reach out and talk to management I am sure they will gladly discuss their strategy and reasonings for progress to date with you on a call. I was told that one of the Nutricircle bosses has become COO and this will free up Martin and Dan for other things including bolstering investor inclusion and communication. Something I pushed them on in our discussion. They are big shareholders remember so it is in their interest but they have also been knee-deep in operational tasks and then had the curve ball that was Wicked Vision thrown at them in Q4.

My take was that they have some really good things going on.

The evidence tells me that Blue Mountain should be in production within 3-4 months. Small scale initially leading to scaled expansion as the year develops.

Damned if you do and damned if you don't. I thought I was allowed an opinion as well here.

It was my take on the wording of the 3rd Feb update. No more no less. The fact that Octo wrote a confirmation letter to ECR and ECR removed the exclusivity implied that it is Octo that were not ready and so could be seen to be dragging their heels.

Cocobeans you are as nefarious as they come. You show no open-mindedness yet are certain that your negative viewpoint is correct and it is just that a point of view.

Anyone with an ounce of investing intelligence can see that raising cash in November was a win/win for ECR. How they got there can be questioned and I have done so myself but I am clever enough to work out that it delivers far more than it takes away.

It has undoubtedly delivered a path to production at Blue Mountain which even on a small initial scale can deliver a tax loss-sized return every year for many years. Pulling that placing into the tax loss deal and ignoring that fact is bad form and ignorant towards what is the true valuation driver here.

It is also more than fair for little old ECR to talk about a mineral it has within its portfolio and explore new or alternative options when the price of said mineral has added 50% alone since the exclusivity agreement was signed and is up over 300% in just 9 months.

The reality is that one way or the other ECR finds itself sitting on several significant opportunities in two commodities whose prices are flying at the moment in one of the strongest mining jurisdictions in the world. What this also demonstrates is just how fluid the business of mining can be. Even within the time that Octo has been at the table interest in antinomy has risen substantially.

It was clear in the 3rd Feb update that Octo has dragged their heels somewhat. Therefore, ECR removed the exclusivity (at that time) because in doing so they opened up the antinomy to other options. What that automatically does is concentrate the buyer's mind. But what it also does is enable other options to be pursued. You read that as stringing investors along or spinning but there is ample evidence to support my argument too. But you don't want to hear it.

With Blue Mountain now moving towards the first production ECR has a line of sight on revenues. That changes their pressures and their outlook considerably. Meaning they don't need to chase this buyer. Instead, the buyer needs to step up and show intent. Placing the emphasis on the buyer enables a stronger and faster outcome to be reached. It does not guarantee it. But it certainly encourages it. Meanwhile ECR can and rightly should explore other options for Ballieston if they are there. That makes good business sense.

Investors are busy criticising the chosen path here without accepting that the ingredients within it have changed starting with the price of the things ECR are working towards selling/developing.

That should read antinomy of course. My computer is not up to speed on all minerals it seems.

Reading the comments on this BB today only confirms to me further that this ECR management team has its work cut out to alter sentiment here and remove the nefarious element that has taken hold. The moment they update anything that can be perceived to be negative there is a small army of commentators falling over themselves to pull them and anyone positive down.

Read the 3rd Feb RNS and then today's one. Then establish what the difference is. The comment. Otherwise, you just end up looking stupid.

In reality, the only thing they have changed is the fact that two further parties have signed non-disclosure agreements. Their reasoning being that the autonomy grades found to date have driven it. Is that a bad thing for me as a shareholder? Do I need to speculate further?

@Horsetrader2

From what I heard on Friday, I would say their biggest error has been failing to communicate their story to the market properly. They gave me good reasoning for this (Wicked Vision going bust and warehouse changeover being two examples) but acknowledged the problem and the examples I gave them. Then, they explained how things were going to improve and the actions sounded plausible.

Agreed ihavenoclue but these are typical weather conditions for this time of year and the RNS wasn't written in a manner that said they require warmer weather than usual to commence operations. So the concern should be around freakish weather which is not forecast.

Better still temperatures rise to -5 on 16th Feb and then +2 by 22nd Feb. So it looks very much like there will be no weather delays.

I have also looked into acid stimulation using hydrochloric acid and could find no issue with minimum temperatures.

I'm not going to get into the details too much but in essence, I am much more clear now that all 3 brands have significant room for growth and Huddled can acquire stock for a fraction of its true worth and sell at bigger margins than I ever thought possible. Beauty Boop looks to be the best of them and has a far easier pick ratio to match DD's AOV. That means more orders can be processed from there at a lower cost. This may mean that more focus should be placed on Beauty Boop and Nutricircle going forward. After all, how HUD gets to profitability isn't of real concern but the fact that they will reach it is.

They are actioning many different things to drive down costs and push profitability. Where they are lacking is in properly telling the market about their story and the opportunity it holds. We had a frank discussion about the content of their RNSs and the impression some things gave investors. But as I say this was recognised and is being actioned. I trust we will hear more about this before quarter end.

I don't expect the journey to be free of hurdles or that management will get every decision right but the energy and commitment are certainly there.

I would encourage anyone invested to reach out to management who are happy to talk their strategy through on a call.

Ingomar weather forecast improving even more. If the kit is ready then we could be close to a mobilisation announcement.

https://weather.com/weather/tenday/l/Ingomar+MT?canonicalCityId=f86472219941cf2483d36bff0a3a026ab53992b51297997f63ed219ad8fbcf6a

Consider the figures I have just shared and then consider that HE1 is up £10.5m in valuation today based on the hope that the first well in Colorado will soon commence drilling.

The initial 6-well Blue Star opportunity is stated by HE1 to be worth $2m per annum to the company. This rises to $3m if they can exploit the CO2 which makes up 70% of the gas coming out of the ground.

The first successful well delivered 1.95% He at 285Mcf/d. HE1 says the average expected (internal estimates only) grade is 3% but this is yet to be proven.

But let's say it is 3%. Then at the above flow rates, they would need c. 2.33 wells to match the same output that Darwin #1 will achieve. But if it is closer to the 1.95% flow then they will require 3.6 wells.

This means that the initial 6-well production hub delivers at best 2.6 Darwin #1 wells (based on 3% grade helium being achieved). This is without interrogating the methods and costs for the CO2 extraction.

So Blue Star needs to drill 6 wells to achieve less than what HEX can achieve with 3 wells and even then the CO2 has to be processed, separated and contracts established.

For that, they receive $3m whilst HEX pockets $8.25m.

Interesting times.

Sorry, that should have read,

"Nutricircle and Beuty Boop sound like they have significant scope for growth but the whole opportunity now looks to be about driving the obvious volume that is available to them."

Afternoon all,

I had a good chat with HUD management last week. Interesting to hear about their plans and progress which aren't reflected in the messaging coming through the RNSs. A point I made clear to them in my feedback.

One good example is the stock sell-down in Q4 which was legacy products not associated with the stock build-up in Q3.

It is worth checking out Beuty Boop on Tik Tok where they are making very good inroads into building the brand's customer base and trust.

Nutricircle and Beuty Boop sound like they have significant scope for growth but the whole opportunity now looks to be driving the obvious volume that is available to them.

Also, expect some broker coverage to be forthcoming in the coming weeks along with greater market engagement because HUD have a good story building here that deserves more attention.

From the 23rd Jan 2025 RNS,

"Aeon have analysed pressure drop and rebound results and have calculated that a flow rate of 2,000Mcf of raw gas per day per well can be sustained for five years before decline. Based on an initial three producing wells and self-financed expansion to six producing wells within the northern dome, and using a flat helium price of $500/Mcf, Aeon have calculated:

· Net revenue $115.2 million over 12.5-year life of field

· Peak sustained post-tax cash-flow of $16.5 million per year

· NPV8 of $77.9 million, and

· IRR >1,000%.

These economic numbers include production from reserves from the northern part of co-joined anticline."

Those figures demonstrate that at the point that HEX reaches a 3-well hub at Rudyard, they will be generating c. £6.7m in post-tax profits. This should be in place by Q3 this year.

That in turn will then deliver a doubling of that result which is planned to be in place/or close to it by Q1/Q2 next year.

No further cash is required from shareholders to achieve this.

PE ratios rise and fall over time but with what the first £6.7m opens up + possibly Ingomar + possible M&A there is much room for optimism over that PE ratio (at some point) being very high.

What is not to like about that set-up over the coming months/years and what has it got to do with the rise or fall of the share price over the last few weeks? It's amazing what some people focus on.

'I know it's a brilliant set-up and I know loads of money will be made but the share price didn't go up for a week man so I'm off.'

This was published just 8 days ago and is all that matters here when it comes to achieving significant additional value from this investment.

"By way of illustration, the ECR team believes that the Blue Mountain Project is capable of having an indicative revenue potential of approximately A$470,000 (US$295,000) per month. This potential revenue illustration uses an average grade of 0.6 grammes per bank cubic metre and Gekko's projected recovery rate, with a wash plant with a 25 tonne per hour capacity, to provide prospective output per month of over 3,000 grammes (over 100 ounces) per month, using a gold price of US$2,790 per ounce. This could potentially be increased by operating dual wash plants."

ECR has already achieved bulk sampling that contained visible gold grades over 150% higher than the example figure in the RNS.

Gold production is all about grade. The higher the input grade the more gold you produce from the same amount of input cost/tonnage.

So $295,000 can become c. $740,000 per month = $8.9m per annum.

This is an example of what can be said vs. what can happen. ECR cannot state this in an RNS because they have no resource report which also means it cannot be guaranteed. Further bulk sampling will confirm the reality but as things stand they are looking good to beat the 0.6 grams per bcm.

The works to deliver the above are under way but time is required to complete milestones but that does not mean that they cannot start on a smaller scale beforehand.

Achieve anything close to the above and deliver a resource big enough to justify it then an additional 25tph plant or perhaps even bigger can be implemented and revenues grown through staged expansion. Anyone ignoring this possibility and saying ECR haven't made any progress is either short on knowledge, short on brainpower or simply doesn't want to understand it.

Also if the above works and the cash begins to flow then it is wise to have a good understanding of the largest project in the group (Lolworth) so that it can be explored when the weather is at its best. So concentrated drilling programmes early in the dry season if deemed well within the confines of their current resources (and do not put pressure on the initial Blue Mountain plans) are well worth executing. That is because the potential rewards of a decent drill programme coupled with cashflows from Blue Mountain can lead to a much bigger story later down the line.

But first up it is Blue Mountain because it is the key to everything else here.

@Mentalmax Not designed to be condescending simply realistic. Many PIs jump into shares on limited research. Have limited experience in mining or regulation or how the markets work and often rely on others to point them in the right direction. If all they hear are the negatives (or indeed positives) then they are swayed by that. Investor's memories are very short. Even shorter in this current market.

Sentiment is low here because the negativity has been allowed to escalate. After all, the company hasn't had time to deliver key milestones yet. Now some may say they've had plenty of time. But some of those persons aren't prepared to separate what new management is doing vs. the old even though such comparisons make no sense whatsoever. New management has had to pull this company back from the edge of going bust. New management has had to establish which opportunities are worth chasing the most. New management has got a buyer for their tax losses to the table and within 18 months is close to first production from a standing start that had next to no cash on the balance sheet.

17 months to get to where they are today on such limited cash reserves is not a very long time. It is a testament not how little some know that these achievements even need to be defended and/or can be so easily ignored by those who would snap at this BOD's heels.

Right now being bullish is deemed to be head in the sand tactics. Nieve. Stubborn. Whatever. Until the ECR BOD deliver it is difficult to defend against that and the likes of Cocobeans can run riot.

But I will remind you that Blue Mountain production is scheduled for this year (likely H1) using those very resources you have highlighted and it is being actioned at a time when gold is near $3,000/oz. Until it is achieved you and the negative contributors can have all the fun you want because you cannot be proven wrong...yet.

Thanks, BlackHopper. There are individuals like Cocobeans on many BBs right now. Same language. Same rhetoric. It is not a coincidence. It is easy to drag companies down. There is money to be made from negativity.

Today's RNS has nothing to do with the near-term plans that can transform this company's fortunes and valuation but those plans take time and in the meantime, those that would be negative have time to bore their ideas into those that would listen. I feel for those who don't know enough and so would be scared out of their holdings (on whatever share it is) based on the wrong facts.

because i've picked up the phone and spoken to management. that is what sensible investors do and ceo mike ******* has made it abundantly clear he will make time for any investor and accommodate their questions as best he can.

what you are saying is if you don't have a clear list of tasks and actions mike parker has completed to date then it means he is doing nothing. just like blue mountain isn't progressing until someone says it is in an rns. yeah right.

have you ever considered the possibility that ecr management would like to share far more but are hampered by the very rules of reporting you are highlighting? they cannot report anything that isn't concrete no matter how certain they are it will come to pass. they conduct interviews to keep investors better informed and in doing so get pulled apart for being rampy or full of innuendos. why not try listening to the words they are saying and contemplate what it truly means?

i have done this job for many years and experience tells me that there is far more substance here than is presently appreciated.

it's not blindness it is clarity.

"Parker isn't bringing anything to the party- he is a ghost."

Really? You are making one or two points Cocobeans. Some things can be improved upon but you are overcooking things and undermining yourself plus disrespecting the effort this BOD are putting in to grow these assets and get into production. We can all be armchair experts. We can all find fault but the bigger picture is what matters and unfortunately for ECR and their long-term investors mining takes time and the gaps create opportunity for those that would be negative and find holes in what they are doing.

You have no idea what Mike Parker has or will be involved in or indeed his influence at Blue Mountain and Lolworth. Nor do you have a clue as to the plans for Blue Mountain or who is driving them.

Do you think Mike Parker needs the work? Do you think he needs to risk his reputation by getting involved with ECR Minerals if it isn't worth it? Do you think that before going public on his involvement he reviewed the assets and the ideas the BOD has or did he just sign up and then begin?

They only need to streamline resources to Blue Mountain if resources are under pressure. They only need to be present at Blue Mountain if it is they who are driving its development. But perhaps at some point we will find out that another team or other individuals are doing that such that resources and management time can be spent on other things like Lolworth.

Apologies I should also have highlighted the 23rd Oct 2023 RNS.

Gorge Creek West especially is well worth getting a drill bit into.