Member Info for Bottmzup

'Ive done my research and come up short, hence my comment. If you’re so educated on this, tell me what exactly has been submitted to the authorities?'

Well you've certainly come up short with your understanding of how the application for a license to dig for alluvial Gold deposits is submitted, what details need to be included relevant to a specific site.

'Needless to say, we are in the hands of the Queensland authorities on timing but there is some reason to be optimistic that the application can be concluded faster that typical mining lease applications – the scale of the project, the limited invasiveness of the mining plans, fewer environmental challenges to overcome and no native title requirements.'

I think you just don't understand that ECR have done what they need to do and it is now with the decision of the mining authorities.

Thats my last attempt to do your research for you on the Blue Mountain license.

Now, back to Raglan and Maddens, which are far more important in the here and now.

You'll just have to wait for an update like the rest of us.

Who is PYC?

I can't find any reference to them in any Google search relating to NT....or any reference in NT's account on X!

In fact ECR are by far and away the most tweeted or reposted on his X account.

He is fully invested in ECR's success, and has played a major role in the transition from explorer to producer.

Transition being the operative word....you don't go from drilling explorative holes one day to melting down your Gold the next, there are a lot of hurdles along the way, and ECR are doing their best to clear them one by one.

Wow, thats some uneducated rant...do you not follow the details of how things happen?

For example :-

2) What is happening with BM. Not some wishy washy we're in talks with the authorities, what is a target date, what are the current problems that need to be resolved and what is the actual plan once started? Give us timelines.

Do you not understand how applications for mining leases are processed?

ECR have already stated that the application for the BM license is with the authorities, and that they have covered all compliance requirements within the application, so now just have to wait for the authorities to assess the application before granting it. ECR don't dictate how long it takes.

Also.....'Show that you're someone worthy of owning this company' ????

Nick Tulloch doesn't OWN this company, shareholders do, he's just the current Chairman, who happens to also OWN a small % of the company through his shareholding!

Do your own research!

I'm not saying I'm happy with NT's distractions, but, just for clarity, he is the CEO of Mendell Helium, and Chairman of ECR. So two 'pies'!

He's been very busy lately with the AIM listing IPO of MDH, so it is what it is.

That doesn't mean that work on the ground has stopped at Raglan or Maddens though.

ECR now have considerable and experienced teams working hard on both projects, so he doesn't need to be there to advance progress in person, just be able to be contacted on Zoom, or phone or email when it comes to legal compliance or decisions about direction etc.

The two NED's that matter when it comes to day to day operations are Chris Gibbs with his mining development expertise, and he lives locally.....and Mike Parker for his Geology analysis and advice.

Also...'ECR recently engaged an independent alluvial gold specialist with more than 30 years of operational experience in the alluvial mining sector in Australia to undertake a comprehensive review of both Raglan's processing plant and mining methodology.'

So fine tuning for optimal operational performance.

Nick Tulloch has been key to appointing the right people for the right jobs, at the right time.

The hardest work getting MDH's IPO on AIM is done now, so maybe he will have a lot more time to focus on getting an update out on how much Gold has been recovered so far, and how the ramp up of production is going.

He knows shareholders are waiting!

'currently carries a 'Sucker Stock' classification from some technical analysts'

The key words in that sentence are 'technical analysts'!

Charting on AIM stocks is well known to be a bit hit and miss at best, and is much better suited to FTSE250 stocks.

The only relatively good signals for ECR are support and resistance levels.

As far as Fridays 5.6 million sold and only 3.3 approximately million bought, that equates to volume of 9m shares traded...below current average, and a tiny fraction of the days when they announce a decent RNS update.

For example...when they announced Raglan going in to production with their RNS in January, the volume for that day was 500m!!! And in the following couple of weeks, the volume was way above average, regularly over 100m, as the price was driven up from 0.27p to a high of 0.44p!

With the expected news flow in the coming short/medium term, the volumes might just return to those huge days, and the only suckers in the room might be those technical analysts, who'll be wishing they took more notice of the fundamentals of the company...and took a risky punt at the current ludicrously low market cap levels.....ALL things considered!

Just temporarily unfiltered old bailey to view the chat with ShareRookie!

And it just leads me to one question.....what the hell has this conversation got to do with ECR?

So back to reality.

After 20 years or so of being a junior explorer/fundraiser, ECR have now positioned themselves as early stage Gold producers at Raglan, and soon to be significant Gold producers at Maddens...and then alluvial producers on the much bigger Blue Mountain!

With thousands of companies on the stock market, and with all of the world events going on, ECR has to be one of the most overlooked and under the radar companies in the junior Gold mining sectors....notice I said junior Gold 'mining' sectors...not Gold 'exploration' sectors!

We ARE bringing home the Gold, how much is yet to be announced, but at $4000+/oz, we are sustainable....so no need for further diluted fundraising in the lower 0.2p's.

These interactions with the likes of old bailey are completely pointless, focusing on what ECR were doing 5 years ago when he made his doomed investment decision at a much higher price.....when ECR were still a junior excited explorer, with no actual potential to recover Gold in the foreseeable future.

NOW...that time has come...we ARE recovering Gold...this is the 2026 version of ECR...well funded, professionally operated with experienced teams, professional geological and development plans, high quality machinery and equipment...and total fucus on success!

The investment risk/reward, at this low market cap, has to be one of the most attractive in the junior Gold mining sector...at this time of the price of Gold.....in history!!

Next week will be interesting with the SweetBiotix presentation on Wednesday.

Could be the catalyst for an optimistic future outlook if they pass the taste test, and show that sweet fibers can be a healthy sugar substitute.

Sugar is a killer, and many health professionals will be keen to limit sugar in the diets of humans worldwide.

Most people who are aware of the downside of too much sugar try to limit their intake via those little pills in their tea or coffee, but don't like the after taste.

Lets see if OPTI have solved that issue with a healthy, acceptable tasting solution.

TS, another way to ask your first question to old bailey, (in case some readers misinterpret) is.....What do you think the sp will be when Maddens is added to the production that is already happening at Raglan?

We've all seen the pictures of the nuggety Gold etc, just needs to be processed by the offtake partner, weighed, and numbers officially declared.

It's a couple of months since first recovery, so shouldn't be too long now before first production RNS.

We ARE now a Gold producer, and have been for a couple of months!

And with all the newest measures implimented, like the DRONE LIDAR survey, the new recruit to identify fine tuning enhancement of the recovery operation, and establishing mining operations and developing a detailed understanding of the alluvial system.....the recovery numbers will only ramp up from here on.

'As part of this process, ECR recently engaged an independent alluvial gold specialist with more than 30 years of operational experience in the alluvial mining sector in Australia to undertake a comprehensive review of both Raglan's processing plant and mining methodology.

The review identified several adjustments to optimise gold recovery across the processing circuit. These included improvements to gravity recovery systems, water management, jig performance and overall plant calibration. Based on initial analysis, the Board believes that this optimisation programme can increase the recovery potential at the Raglan Project.'

As Nick T said, why would we be spending money on this optimisation of recovery program if we weren't convinced of the potential to ramp up production at Raglan?

If you were to take yourself back 12 months, there was an operational update which basically focused on further drilling at Blue Mountain and Lulworth....a world away from where we are now......the transformation from explorer to producer...and we'll never just be a junior explorer again!

12 months from now we will be a multiple asset production company, with an accumulated tax loss of AU$76m to offset against ALL planned production!

The Gold price looks to have 'bottomed' above $4000/Oz, so there no telling how high it will be in 12 months!!!

Worth watching again, or for the first time if you haven't watched already, the interview following the last RNS release re the Raglan update.

https://www.youtube.com/watch?v=xJL8fqLlRtk

Also worth re reading the details of the Paleogold aquisition, with the Maddens Flat Group of Mines.

'The Maddens Flat Group of Mines comprises six Mining Lease sites where mining has previously occurred: The Maddens Underground Mine, The Brothers, The Sisters, Clyde Underground Mine, Taylors Mine and You-Can-Tell-Us. In addition there is a Mining Lease ("ML") covering the camp, processing plant, tailings dam, three freshwater dams, a workshop and storage shedding. A rectangular shaped Exploration Permit (EPM 12375) of 50 km2 encompasses the seven MLs.'

https://www.lse.co.uk/rns/ECR/proposed-acquisition-of-paleogold-limited-lducdb0a5mcs9g1.html

C1p2D - That 100k+ monthly cash burn is going to run through our cash pdq...

Good job they are ramping up cash recovery via exponential Gold production.

All the ones bad mouthing ECR and N.Tulloch this morning are those that bought in, probably at a higher price, in their expectation of a quick jackpot due to first Gold numbers at Raglan....they wanted a quick turnaround trade and it hasn't quite worked for them.

What they hoped to encourage, with all their fudster posts, was creating panic selling down below 0.2p so that they could grab some really cheap shares.

Well it didn't work.

The market knows that ECR are not just about Raglan, and the value of ECR spreads much wider than first early production at Raglan.....much wider.

They are the owners of 10 projects across 4 states, and the market knows it.

This 'throwing their dummies out of the pram' because their trades didn't work in the timeframes they hoped is there for all to read.

Notice how all these 'new' names on here have come out of the woodwork today to try to incite fear, uncertainty, and doubt, in order to frighten holders in to selling, because they have an agenda. They haven't been on here regularly in the last 6 months trash talking the prospects....they've just kept quiet!

No doubt they'll go quiet again for a while so they can reassess their position, and try to accumulate some cheap shares...ready for the inevitable upcoming news flow...and see if they can time it right next time!!

Talkinto, beg to differ on a couple of fronts.

Firstly, you say.... 'whether the goal is short term or long term, anyone that buys shares is an investor.'

No, thats not true, a lot of participants in the stock market are short term traders, I know, I used to be one...a technical trader.

Others trade short term on the strength of fundamental anticipated news, like oil drilling results, or contract wins, final results etc.

Techies target a low entry according to chart signals, and set a target to sell, or use a trailing stop loss for best gains....or, a solid stop loss if the trade goes against them.

I've traded in and out in one day before.

This isn't investing, it's trading....getting the lowest entry price to reduce risk.

There will be some who bought in to the hype as investors 6 months ago, but just timed it wrong, paid too high a price, and now run out of patience and thrown in the towel.....thats poor judgement investing.

I tend to do more investing these days, find a company with good longer term potential, then build a position buying dips using charting signals.

Second, the only reason this has dipped today is because the traders who were holding for imminent production numbers were disappointed...did you see all those 2m sells in the first 15 mins?

The market makers decide to manipulate price to where volume is highest, because they get paid on the spread.

Buying, selling, or short selling is how the market works day to day.

Investing is a different beast.

Talkinto....'Not a good return for investors at all'

You mean..not a good return for short term traders!

For investors, it bodes well that they are being thorough with their desire to optimise production by pursuing the most profitable targets.

As an investor, I am very much looking forward to the next few months of developments.

https://x.com/**********/status/2064607190346805706

Yeah, these early sellers today are just impatient traders that were holding and hoping for first production numbers at Raglan...if they had announced first recovery numbers and the price spiked, they would have sold in to the rise anyway....so good riddance.

Take your low ball losses and watch for further positive news flow coming out of the other 9 projects across 4 states, in one of the most lucrative Gold regions on the planet!

ECR is in a far better position now than it was when NT and MW took control.

They have been proactive in

- monetising assets

- cost controls like the salary sacrifice scheme

- appointing experts in Geology and Mining Development

- aquiring very promising assets like Raglan and Paleogold Limited...soon to be in production

- transforming the company from a rinse and repeat drilling and fundraising junior explorer to a soon to be confirmed Gold producer

- submitting the license application at Blue Mountain

- retaining the AU$76m tax loss for use against revenues going forward

- etc

- etc

To say that Nick Tulloch is useless and doesn't know what he's doing is to be ignorant of the recent history of RNS's.

Read them!

Here's what I posted yesterday.....

The Directors being payed mostly in shares for a considerable amount of time now, via the salary sacrifice scheme, means that their incentive to increase the footprint of the company in the Australian Gold sector couldn't be stronger....hense the plans to maximise Gold recovery targets in the most professional way possible, regardless of whether it takes a little longer to set up.

So shareholders will be keen to have Gold recovery numbers from Raglan, but ECR is not a one trick pony....there will be plenty of news flow from the other projects in due course.

10 projects in 4 states!

They always said that the early stages of production at Raglan would not be without a learning period before they get to consistant maximum production phase....so no real surprises on that front.

They've been busy working through the set up process to achieve optimum continual output, and I look forward to the next Raglan Operations Update.

The Directors being payed mostly in shares for a considerable amount of time now, via the salary sacrifice scheme, means that their incentive to increase the footprint of the company in the Australian Gold sector couldn't be stronger....hense the plans to maximise Gold recovery targets in the most professional way possible, regardless of whether it takes a little longer to set up.

Rather than go in all guns blazing just to be able to satisfy shareholders with a few early production numbers, they are approaching the clear opportunity to reach the optimum outcomes with clear experienced thinking by the experts on board, with the proven CV's in Geology and Mining Development.

It reminds me of the old story about the Father and Son bulls in the field, looking down at the lower field full of sexy cows....and the Son says 'look at those lovely cows down there, why don't we run down and f*** one of them?

And the wily old bull says...no son, lets walk down and ***k them all!!

A cool approach pays dividends......maybe even literally one day!

This is the year for ECR to breakout of the label of fundraising junior explorer in to a multiple asset Gold production company...no doubt about it.

We have 10 assets, in 4 states, in one of the most lucrative mining jurisdictions on the planet...one in production, another soon to be, and two more to follow close behind.

The recent RNS's and interviews, confirm that they are running a very professional operation, company wide, across all operations.

We have expert proven Geologists and Development personnel in Chris Gibbs and Andrew Parker on the team as Senior board members...along with experienced teams on the ground in Raglan and Maddens.

We have the machinery, the infrastucture, the organisation, the knowledge of the Geological terrain, and the ability to focus on the optimum structures to maximise recovery.

And we have a professional offtake partner already in place, at good rates.

It couldn't get more exciting for ECR after a couple of decades of just exploring and fundraising, and exploring and fundraising.

This is the year!

There is a plethora of news flow due in the coming (possibly) days, but definitely weeks, and months ahead.

The first Raglan production numbers cant be that far off now, they've been boots on the ground for a number of months, so it can't be that far off......and we know they have gold....just a case of how much?