Member Info for Bottmzup

'The Board has never said Blue Mountain going into production in 2025.'

Yes they have....

https://x.com/ecrminerals/status/1907327298858049963

Great to hear that the team are fully focused on Blue Mountain moving to production in the near term.

The first lab results, due shortly, will be very interesting. Will they confirm the average grade of 0.6 grams/ton...or will it be better?! The visual signs are there.

They are so pleased with the early signs that they are going to continue drilling some more holes for an extra short period before moving the rig to Lolworth.

There's no point in moving the rig away too early if there are continuous visual signs...it will give a much clearer picture of the area, and make the decision on where to start trenching more definitive.

Nick definitely seems keen to make the process more efficient, probably with Mike Parker's guidance, and keen to fast track towards production with all options considered including a JV.

The market will eventually catch up to what is happening...and as they say on Aussie Gold Hunters....we're on the Gold!!

Here you go Veteran...a research repport, everything you need to know.

https://www.share-talk.com/ecr-minerals-plc-aimecr-unlocking-value-through-production-and-exploration/

Https://www.youtube.com/watch?v=qIc7EPHukaY

Well the fact that they have done the analysis and produced those 'potential' figures suggests they believe.

Shouldn't be too long to find out once we get the lab results.

The only difference being this is an official confirmation to the market...with more details on potential ramp up figures using larger washplant capacities.

Well with you lot constantly sla**ing him off on a daily basis, with your historical grudges, it was always going to carry some negativity through to ECR.

This overlooks the progress that Nick and Mike have made with ECR.

They are in a much better place now than they have ever been, and I expect the market to now concentrate on the assets rather than some disgruntled historical grudge bearers not recognising the actual positive position that ECR are in.

What are you going to base your FUD comments on now he has gone?

I don't care what others say about MW, in my opinion the company is in a far better position now than it was when he and Nick took control.

They took over on Sept 15th '23....the share price was exactly the same then as it is now.

They completely changed the overall strategy from day one.

Selling non core assets and taking part of their salary in shares to retain funds for drilling and exploration, while getting others to do the same.

We've had...

https://www.lse.co.uk/rns/ECR/highly-encouraging-test-result-from-blue-mountain-0gnopo2vw6wbpgd.html

https://www.lse.co.uk/rns/ECR/appointment-of-mike-parker-as-consultant-geologist-0mk72dn87bg8z54.html

The Gecko Report...https://www.lse.co.uk/rns/ECR/highly-encouraging-test-result-from-blue-mountain-0gnopo2vw6wbpgd.html

https://www.lse.co.uk/rns/ECR/collaboration-with-jcu-on-rees-at-lolworth-a0x5b96s0a8mxv4.html

The attempt to sell the A$75m tax loss, which, even though it didn't complete, it provided a valuable incite in to the legal process involved.

https://www.lse.co.uk/rns/ECR/lolworth-exploration-update-drilling-plans-a72bceziz60fwjh.html

Lolworth

• Drill-ready gold targets defined at Gorge Creek West, Uncle Terry, and Gorge Diggings, with drilling set to commence in July 2025

https://www.lse.co.uk/rns/ECR/queensland-operations-update-pui1q5wjn042ll5.html

And now, they are literally on the verge of turning a Junior Exploration Company in to a Gold production company at Blue Mountain, while the price of Gold remains at all time highs, way above the valuation estimates for revenues.

And, ECR still retain the A$75m in tax losses to use against revenues...if they chose to do so.

I think Nick, and MIKE, deserve fantastic recognition for the work they have done, putting ECR in to a far better position than the company was in when they took over.

Well done I say.

Interesting opening comments by NT on why he's in Oz....''I always take the opportunity when I'm in Australia to meet with some of the counter parties we work with...and some of the prospective counter parties we may choose to work with''

The next few RNS's could get very interesting.

Https://x.com/BigBiteNow/status/1951169372279501067

I wonder if the recent 1m sells have anything to do with this news?

Didn't make sense selling at this point with BM production on the verge....Mike taking some cash?

Drilling a hole every 20mins, then panning it off to see where the best visible results are for trenching. Its a whole lot quicker and more efficient than just trenching.

The picture shows the best result of the day with 9 seperate showings of visible gold in one pan! Thats very much at the top end of expectations.

Spending a further 2 weeks identifying where to focus, drilling holes every few metres.

Can't wait to see the final grid map of what grades they've found.

So glad they are throwing every effort at BM production

30-Jul-25 09:00:18 16.85 8,000 Buy* 16.25 16.50 1,348 UT

i filtered the ****many weeks ago thankfully, so i don't get to read his utter tripe.

nice to see that all his daily efforts of endless blathering has absolutely no bearing on what the share price does, or how many shares are bought...like today.

unfortunately its the mm's and the dark arts that dictate the price.

but if the buys keep coming they will have to let it go at some point.

Mates rates....look out for some large buys!

Agreed, charts are not really used in trading on AIM, particularly small cap stocks which are largely news driven.

Having said that, after news drops I regularly see heavy selling as a share price reaches defined support/resistance levels, so not totally useless on any share.

Also when a share price drops to an established rising trend line it usually generates a flurry of buys....so basic principles apply.

Hamilton

I only use candlestick charts, and as I've said I changed the timeframe and just don't see a gap. Maybe give more details.

The fact that we are discussing a possible gap, that is not obvious, from 4 years ago, is pretty much irrelevant anyway in my view. Gaps tend to be targets in shorter timeframes for traders.

I personally don't see a share price of 12p anytime soon, because I don't see a market cap of £15m on the strength of these deals...if they materialise!

The devil will be in the detail, but I don't get the impression from the RNS's that a large chunk of cash will be included. I think the benefits of either deal, if completed, will be stretched over a medium term time frame, and don't see an instant multi multi bagger reaction from the market.

I have a target sell price in my head, but it all depends on the details of the deals....it certainly isn't close to 12p, but I would be delighted to be wrong.

Hamiltonbro

I don't see a gap at 12p.

They IPO'd at c8p around March '21, then price went from 6.5p to as high as 13.5p intraday during that summer, briefly closing at around 12p, but then fell off and fell off in subsequent years to where we are today.

I've also checked a weekly chart and can't see any unfilled gaps anywhere.

This move was partly timing, partly FOMO, and partly starting from a low bargain price within the sideways trading chanel since March.

The top of that range (chanel) is 2p...a move above 2p would constitute a technical breakout in charting terms, but will probably need news to drive it, so a fundamental trigger rather than a technical one.

The sp could touch 2p during this buying period, but without news I can't see it closing above.

Would love to be proved wrong though, as I hold shares and am as keen as everyone else for a higher price.

Https://www.tradingview.com/x/IouiXN30/

There is no breakout.

This chart includes today, so anyone claiming there was a breakout on Friday needs to go to chartschool...(its a website which teaches how breakouts work)