RE: Look at the facts from today RNS...12 Jan 2024 11:25
Happy Friday ECR-lovers!
I have resisted posting much but as it's nearly the weekend......
This week's Lolworth RNS was a nice sensible summation of progress and work on what is a large greenfield licence. All the works carried out shows good promise for the future and justifies the next steps in exploration. There is nothing 'bad' in there. The next logical steps will commence in the spring. (tick)
The new team at ECR, who have interesting reputations and pasts, are doing exactly what they said they would from the outset and have critically commenced selling off some non-core assets. (tick) I'd expect a bit more of that. They have also commenced some fast and low cost drilling back on the most historically fruitful Victoria site. Not a bad idea it would seem. (tick... or big tick in waiting)
Lots more communication than before (tick), via all the usual channels. Why ever not??? I want a pic of the drilling rig and I want to see the depth sample boxes at Davey Road. Why wouldn't you? The local chap picking nuggets of surface was great!
It's pretty clear what will get this party really started. Some decent grades from the recent Davey Road drills. Same from coming Cuboid. Any JV on other Victoria licences... surely too much for ECR to do on its own, considering the spring return to Lolworth.... and Konda-P.....
Cripes, there is soooo much they could do..... any hits / wins / sales / deals will send this significantly north from here because here is an MCap sub £4 million for an explorer in a safe jurisdiction with multiple licences in the right places.
Foolish posts about nuggets and bars will continue, but all those posting, many who have been in ECR longer than I have, know exactly what is at stake. I suspect few, or more precisely, none are actually unhappy with the changes since last October.
Happy 2024 ECR. ?
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