Member Info for Bottmzup

Thetriplestar,

great summary and understanding of where ECR are now with their assets in the current Gold, and junior explorer environment.

Ever since Mike Whitlow and Nick Tulloch took over in late '23, I thought it was a turning point for ECR after years of endless repetative placings and drilling.

Their strategy was to monetise non core assets and taking remuneration in shares, enabling funds for pursuing proper exploration of the most promising tenements.

The Gold price when they took over was around $1900/oz, and has now doubled from there, while they worked to create a company that shareholders wanted....a company that has developed in to being on the verge of becoming a producer of Gold.....with priceless lucky timing regarding the POG rise.

We have so many eggs in the basket now that it doesn't matter if one is less than we hoped for, because the others will take up the slack.

I sensed the change in direction in late '23, thats why I have been topping up at every dip, and adding with each fundraise in the lower 0.2p's.

I'm invested in the assets, not the Directors, but up till now I think they have played a blinder.

Particulary assembling the right experts, in the right positions.

Now its just a case of waiting for the fruit to ripen, and the massive tax losses to grease the profits.

There can't be a better company out there in the junior explorer sector, about to turn in to a Gold producer at the most lucrative time in Gold price history!

From 7th Aug RNS...

Using the Company's wholly owned subsidiary, ECR Digital Limited ("ECR Digital"), ECR will hold a portion of its treasury reserves in digital assets, such as BTC or select high tier alternative digital coins, as either a partial hedge against fluctuations in gold prices or as a standalone store of value, which the Board views as effectively functioning as a modern form of digital inventory.

There wont be dividends for a long time, because any surplus cashflow will be invested in Digital Currency.

I don't know when this article was originally penned, but they clearly haven't done enough research....which makes them look amateurish!

The article has this..... 'At Blue Moon (formerly “Blue Mountain”), ECR has verified gold mineralisation in initial drilling, reinforcing the project’s potential.'

The link they provide is the results RNS from Blue Mountain on 15th Sept!

If these clowns did a little more research they would discover that Blue Moon is located within the Bailieston Project, which is in the state of Victoria, about 1500km's or so South of Blue Mountain, which is in the state of Queensland!

I wonder why they think the Company keeps refering to Blue Mountain as....Blue Mountain, and not Blue Moon!

https://x.com/Share_Talk/status/1979460693943279912

How things can change in a little over two weeks!

On 30th Sept nobody had heard of Raglan, and now it's the most keenly awaited near term production asset (almost) in all the ECR tenements.

I say almost because obviously its not a done deal until the purchase is confirmed...but, when the vendors are happy to knock off some unwanted assets originally announced in the proposed aquisition, thus reducing the price ECR have to pay, then it's pretty obvious that the deal is as keen for the vendors to complete as it is for ECR.

ECR are cash ready, and even preparing for personnel to be mobilised in the coming weeks, so unless there's a bombshell revelation in the final stages of due diligence, or other fly in the ointment type development...then its a done deal.

The market has a habit of hesitating and not believing any company when they say 'proposed' about certain positive developments, contract agreed but not yet signed etc, and it tends to wait for the confirmation RNS before traders and investors feel safe to jump in.

I reckon when they do announce 'it's ours' in the coming weeks it'll be a pretty high volume day, with investors and traders happy to pay a higher price for getting in, because it will be one of the most step change RNS's that ECR have EVER issued.

It'll be opening the door to Gold revenue and income....and ECR have never been in that position in it's history.

Just when Gold is still breaking all time high prices every week!

Keep up at the back love, read RNS's

Yeah nothing new!

Apart from....everything advancing as planned

-Completed drilling at Lolworth

-Adam Jones returning to Blue Mountain next week to pan and weigh more than 150 samples prior to detailed assay testing.

-Following the conclusion of wash plant trials, and therefore evidence of the extent of the commercial opportunity at the Blue Mountain Project, ECR intends to submit a mining lease application during Q4 2025

-Following a successful due diligence site visit earlier this month, ECR is aiming to complete the Proposed Acquisition in the coming weeks and is already preparing personnel for mobilisation.

-ECR will now only acquire Raglan Resources Pty Ltd ("Raglan Resources"), the holder of Licence ML 3665, and Raglan Mining Pty Ltd will be retained by the vendors. This is part of the pre-completion restructuring of Raglan Resources by the vendors so that any unrelated tenements and non-core assets can be excluded from the Proposed Acquisition, in line with the Company's notification on 1 October 2025. The vendors have confirmed that Raglan Resources carries A$1.2 million of unutilised tax losses that can be amalgamated with ECR's existing A$75 million of tax losses and applied against its forthcoming production projects.

-Pursuant to this restructuring, the parties have also agreed that certain surplus equipment will also be excluded from the Proposed Acquisition and sold separately by the vendors. As a result, a corresponding A$90,000 price reduction to A$1.01 million plus any applicable GST in cash has been agreed.

-Operations at the Raglan Project are targeted to commence during Q4 2025, providing the Company potentially with immediate production capability - and revenue - while the Blue Mountain Project final planning process and mining lease application progresses.

But apart from the above, there's nothing new!!

Reminds me of the 'what have the Romans ever done for us' Monty Python sketch :-)

Good to be kept updated regularly, and that there are no flies in the ointment to mess things up.

Gold at $4360/oz

It's pretty obvious by the tone and riduclous claims, as well as revisiting the same old points that have addressed many many times over and over, that coco and sausages is the same person with two accounts.

He's even tripped himself up confirming it!

Why don't you just join ranks with yourself, ditch the other two accounts, start a new account, and call yourself coconutsausages!

Investors also watch the transition from being a never ending drilling and raising company, to one with a stategy of realising value for shareholders by not holding on to unused non core assets, cutting costs by taking remuneration largely in shares, building a team of proven experts on the ground, and concentrating on becoming a gold production company.

The RNS's are all there to read.

Wow, that was a rambling rant, coco seems to have been completely disarmed by this almost perfect move.

Yes the 0.2p raise left a bit of a bad taste, but coco & co have had a realisation alright, that they can no longer try to scare the LSE readers with his repetative 'raise incoming' mantra.

This is a perfect example of why investors should not ALWAYS worry about the word 'placing'.

If its done to expand and fast track operations, particularly in ECR's position on the cusp of becoming a producer, now on two fronts, for the first time in its history, with the POG continuously setting all time highs, then it's the right move to make.

The timeframe for production has just moved to the 'nearer term', which has added to coco's mini meltdown. So to compensate, he reverts back to what he has been doing all along.....make things up!

Like this...'the new asset is poor, equipment is what they paid for, which in itself comes with an issue as now they have more overheads for a licence they will never use' - coco

Well I didn't realise those test results were already out, I must have missed it.

I thought they said about their site visit that...'The Raglan Project lies approximately 40 minutes west of Gladstone, Queensland, close to mechanical services and infrastructure. The lease has historically produced coarse, nuggety gold and test pits excavated during the due diligence confirmed recoveries from both upper gravels and deeper bedrock wash. Mining at the Raglan Project to date has been largely small scale with several untested areas and depths within the property area.

And...

· Exploration Upside: Bulk sampling during the site visit confirms coarse nuggety gold and grades that may be consistent with ECR's nearby Blue Mountain Project, with potential for both further alluvial resources and a hard-rock source.

Doesn't sound what I would describe as 'poor'!

Hi TS, yes a couple of thoughts, firstly people were saying why, if the Raglan Project was so good then why did they agree to sell it, and I think Nick covered that in a very encouraging way. The owners were just not really geared up in the knowledge on how to take the project forward. I think he said that they were more atuned to farming, and didn't really have the geological insight to map the areas so as to economically find the gold. Which ECR does, and is almost like a perfect dream deal for us considering where we are, both geographically and circumstantially.

The second thing was just the expected news flow, and the fact that Nick was tickled pink by the fact that they are so busy.

Blue Mountain results due soon with the samples in the assay lab.

Lolworth drilling with results expected in the not too distant.

The Creswick JV looking like a goer.

And now the Raglan due diligence which sounds like its almost a done deal. Get the legal papers signed and start producing at this turnkey operation....tax free because of the A$75m tax loss position that ECR own.

I think if things go positively and ECR go in to production in a meaningful way then it wouldn't be hard to imagine suiters circling wanting to buy the company outright.

2p anyone?

No probs TalkingSense, I was curious because its been happening for years on these discussions about shares, there must be about 12 different variations out there. Maybe its just an 'optimal dilusion' that just catches people out :-)

I am curious about one thing...why do you, Takinsents and Tamartinveston find it such a challenge to get my name right?

Just wondering.

Raglan

Due diligence findings from three test pits

~ Gold produced during due diligence at Raglan was course, often with sharp edges indicating a local source

~ Some particles of gold were observed attached to quartz indicating a local source of the gold maybe in the upper part of the lease

~ Around 75% of the gold recovered is in small nuggets (up to 0.5g pieces) with the balance being recovered in the fine gravity concentrator

~ Grades comparable to Blue Mountain based on findings so far

~ Mining to date has been largely small scale with several untested ares and depths

~ Plant and equipment in good order and with a second hand value around A$1 million

~ Estimated daily costs of operations, inclusive of diesel and 2 personnel would be around A$3k per day which

~ At current gold price, production of around 0.6 oz/day would cover overheads

Sounds like they are chomping at the bit to get started.

The only negative I can see in this whole deal is the 0.2p raise price, but if thats what it took to secure this fast tracked perfect expansion opportunity then so be it.

The added positives, for example the proximity to Blue Mountain being just up the road with no access constraints, and therefore the bonus of being able to easily allocate the equipment to whichever site is the ongoing priority for operational reasons.

Could be in production faster than the most optimistic of us were thinking.

Here's an updated (Oct) full presentation of all of ECR's interests in Australia, including Raglan.

https://wp-ecrminerals-2025.s3.eu-west-2.amazonaws.com/media/2025/10/ECR-Ocober-2025.pdf

Results still to come at BM.

JV still to be confirmed at Creswick.

So now they've done what was inevitable really, but not in the regular way.

They've combined a raise, with the aquisition of the Raglan Project which delivers a turnkey production-ready operation & includes a granted mining lease covering approximately 300 acres, enabling commencement of near term mining operations....with all necessary equipment to fast track production.

The Raglan Project will include 60 tonne-per-hour wash plant with under 1,000 hours of operational history, trommel, concentrator, gold room, fuel storage, several mobile mining vehicles, and supporting infrastructure - delivering a turnkey production-ready operation.

The proximity of the two projects is expected to provide operational efficiencies...we believe that this is a turnkey project with all necessary facilities already in place..." Nick Tulloch

On paper it soundss like a good capture all move to me, but all the short term traders wont think so...obviously.

The surprise and pain was yesterday, not knowing why the drop, now we know.

The grubby fingers of the 'Allenkey' mob and their leaky involvement is not good, all these 'dark arts' predators seem to get away with this kind of shyte on AIM and never get called to account for it....thats the AIM casino for ya!

On the MW situation, I'm not sure I believe he was out of the loop as he seems to have claimed on Twitter...it certainly lets him off the inevitable hammering he would have got to say he was not involved....hmmmm!

Anyway, at least this aquisition is 'very' local, and attaches itself to an operation already in motion....rather than a non connected throw of the dice on the other side of the planet.

Morning Longlad,

You mention the golden cross, and coincidentally the sp drop yesterday stopped bang on the lower line of a rising trend channel I have on my chart.

All a bit curious, and I'm wondering if HarChris has it nailed about a possible raise....it would make sense in some ways but maybe not others this early.

The other thing is the sp opened in the normal way and didn't really plunge until after lunch.

We might have more to go on in half an hour, and should probably cause more speculation whether there's an RNS, or not!

By the way Longlad, I've been an active student of TA trading for a couple of decades, and what I've learned is that it is very difficult to make consistent good profits.

Traders who take it seriously work on about 3-4 small losses (stop losses to protect capital), against one decent size win. So they're paying their broker 8 - 10 times in and out, for one winner!

Then you take the spread, which is often wide on AIM stocks, so you need a strong move in your favour to make a decent profit.....if your Broker lets you sell when you want to at the price you want!

Thats why the main markets are more favourable for technical traders, although the moves are generally smaller in % terms.

So these days I'm more inclined to choose a company to invest in, then use the technical targets to build positions at low prices, and I never set electronic stop losses for the MM's to gobble up before moving the sp back up.

The other thing with AIM stocks, is that because of the potential for high risk/reward, there is a lot of ramping and deramping on sites like this, and I'm sure coco will be ready to hit the buy button...again, if the price hovers in the low 0.2's for a couple of sessions.

Then he'll go quiet again and let the believers do his work for him.

Just part of the game.

Yep, agree that AIM is a minefield...lets see what happens here with production at Blue Mountain.

Not all AIM stocks fail until they go out of business, some just tick over working on their strategies until one day they take off like a rocket!

Wow, that was a dramatic over reaction to......erm, well nothing actually!

No negative news, unless there's been some sort of leak and we get an RNS in the morning, doubtful as ECR are not known for leaking information prior to price sensitive announcements.

Quite a lot of red across the board today, so just think this was nervous impatient holders bailing out with a small profit , some of the hundreds of millions bought in the last couple of months or so.

Also, as the sells took hold it moved the sp down through technical stop loss levels on the chart, so some maybe taking a small loss to go back in to cash....for now!

As I've said before, traders may come and go, but the long term holders will be the ones who get the biggest prize, specially if they top up at times like this freak move!

Another day tomorrow, lets see what it brings.