Member Info for Bottmzup

Yesterdays move has absolutely nothing to do with charts or technical analysis.

I've been trading/investing using TA and fundamental analysis for a couple of decades, and this move shows no technical trigger.

Price has been consolidating sideways since the middle of March, and this move was just the market finally buying in to the anticipated deal(s) being finalised.

Big volume yesterday, but from a low sp starting point on the day.

There have been no chart signal catylists to incite the move, no trendline breaks, no moving average breaks, and no stochastics signals....purely traders/investors either anticipating an RNS very soon, or some 'in the know' knowing that one is due next week.

The average daily volume for the entire consolidation period has been c1.75m, with the recent 6 weeks or so being closer to 1m.

Yesterdays volume was 9.66m!!

More a case of timing, and FOMO kicking in IMO.

'I am sure that all the planning and modifications and enhancements to the equipment are being driven my Mike Parker's recommendations.

Good to have someone with such expertise and experience on board at this critical time in the company's development.' -Bitethebull

Very good point Btb, Mike Parker has been brought in for his experience in building a Gold producer.

Fair play to the directors for having the foresight to know that somebody like him was going to be needed.

Mike Parker will know his program for development...he's too experienced and successful not to.

If he's planning on sticking around....you know its good enough!

...the FUDsters have taken a step back from deramping in a pack like way?

Must have got a good price because they know whats coming....funny that!

Lets see what the first signs are in the expected update, they've been there on the ground for a few weeks now so shouldn't be too long before they can get a report out to the market on the early potential.

The excitement signs are there in the recent videos with Adam Jones, and it does sound like we could be on the verge of an uptick in the sp, maybe trading in a higher range...there is a gap to fill on the chart at 0.31p, so that could signal a new bottom if the BM update is positive.

But not just because of BM, the fact that they will be moving the drilling rig to Lolworth imminently to asses what they have is also very encouraging.

Their license area spans 900 squre kilometres, the biggest one they own. Just a reminder from their operational update RNS a month ago......

Lolworth Gold and Rare Earths Project

ECR is also preparing for an exploration campaign, in what is targeted to be a significant advance at Lolworth, that is expected to take place between July and August 2025. Following extensive soil and stream sampling, drill-ready gold targets have been identified at Gorge Creek West, Uncle Terry, and Gorge Diggings, with Butterfly Creek as a potential additional target. A minimum of 1,500 metres of percussion drilling is planned, using a rig capable of 100 millimetre diameter holes to depths of at least 100 metres. The programme, set to commence in mid-July and conclude in August 2025, will focus on near-surface gold mineralisation up to depths of 70 metres depth, optimising cost-effective intercept density. Previous surface sampling at Uncle Terry returned grades of up to 75.6 g/t Au, with accompanying silver-lead mineralisation.

''ECR continues its collaboration with James Cook University and the Queensland Geological Department's Critical Minerals division to advance rare earth elements (REE) exploration, with a focus on Niobium-Tantalum mineralisation at Oaky Creek and the ridgeline zone, where past sampling yielded results up to 146 ppm Nb. Historical alluvial mining evidence suggests significant downstream gold potential, which remains untested by modern exploration methods, which the Board believes present a compelling opportunity for exploration.''

The team seem very focused on the 'local' projects, ie Australia. You couldn't find a more friendly Govt, a more lucrative historical region to operate in, or a better opportunity, with the funds they have, to transform the company in to a stock market baby!!!

The risk/reward potential to have a good run in H2 is definitely there at anything under 0.3p!

Worth reading this RNS again, from Oct last year, as it was the first notification to the market of the huge potential at Blue Mountain...some snipets are.....

Blue Mountain, Queensland

As announced by the Company on 1 August 2024, a trenching and bulk concentrate sampling programme was undertaken at the Blue Mountain Project during July 2024. Following highly encouraging results from sluice box concentrates, with best results including 192.15 g/t Au and 97.40 g/t Au, further samples were submitted to the laboratory to undergo an enhanced gold recovery process to determine the potential commercial options for recovery.

Gekko Systems Pty Limited ("Gekko") has carried out the GRG test and Sighter Leach test worked on samples of ore collected at the Blue Mountain Project. The results have given the board of directors of ECR (the "Board" or the Directors") further confidence that the Blue Mountain Project may be a viable commercial gold resource and, if these results are successfully corroborated through further work, a production plant could potentially be established on site.

It is important to note that, unlike other ECR projects, the Blue Mountain Project is based on an alluvial gold system. Gold is therefore found at or near the surface, meaning that the mining techniques used to extract any minerals are not associated with high capital expenditure that other projects may have, for example, where higher gold grades are located at great depth.

MW commented...

Mike Whitlow, ECR's Managing Director, said: "These results from the Blue Mountain Project, using a straightforward gravity recovery process, are highly encouraging and have significantly bolstered our confidence in the commercial credentials of the Blue Mountain Project. Although further analysis is still required, the concentrations of gold being found at or around surface level fully validates examining the viability of installing a production plant at the site. Significantly, the results so far have provided evidence that potential commercial opportunities still exist in some of the historical goldfields through the application of modern technology. Certainly, at the Blue Mountain Project, the indications are that, based on Gekko's report, we can potentially recover materially higher quantities of gold than those levels achieved by the first prospectors. The Board and ECR's technical team will now further evaluate these results and determine the next steps for the Blue Mountain Project. I will look forward to providing further updates in due course."

Well obviously the next steps were to rock up on site and start the production process!

And with early signs coming in it looks like its been the right decision to fully focus on proving up the asset.

********''Initial trenching has already returned gold grades well above historical averages; up to 1.55g per bank cubic metre (bcm) compared to the historical 0.6g/bcm estimate.''******

I'd wondered where the Fudsters have been, the same old historical grudge messages and the attempts to spread fear and uncertainty are wearing very thin.

Just buy some shares at this ridiculously low Mcap and make yourselves some money, ya clowns, even you guys must know by now that the assets alone are worth todays Mcap.....easily....and being a junior explorer soon to transition in to a producer this year the risk/reward is probably one of the best buys (at todays sp) in this AIM market sector

Forgot to mention this bit of the report regards the early signs at Blue Mountain, I can't remember whether its been highlighted before this report, in one of the interviews....still worth a reminder.

ECR has completed modifications to its prototype plant, and is currently putting the final touches to a more efficient gold capture process designed to boost recovery rates.

Meanwhile, a drilling and bulk sampling campaign is underway to define the depth of bedrock and assess the full extent of the alluvial system.

The goal is to build confidence in the project’s longer-term commercial viability.

***************''Initial trenching has already returned gold grades well above historical averages; up to 1.55g per bank cubic metre (bcm) compared to the historical 0.6g/bcm estimate.''**************

Should this higher-grade material prove consistent over a larger area, it would improve the project economics further.

When it comes to advancing Blue Mountain from here, ECR has stated it is willing to take the project into productionitself. However, partnering remains an option should the right opportunity arise.

Wow....thats a good start!

Having skipped through the report initially, because I pretty much know the story, I have now re read it fully.

This is a very comprehensive and professional round up of where ECR are, what they have, and the exponential potential to transform how the market values their assets. Well done Share-Talk.

As of the end of March ECR still had £870k in cash, which fully funds their projects until at least the end of 2025, with revenues from production likely to play a part in future funding going forward.

ECR are in a highly attractive position for investors...particularly at 0.2p!

The price of Gold, at $3300/oz, is very unlikely to drop with the current global uncertainties, and with ECR's estimates for production calculated in February when the POG was $2790/oz, I'm still a bit bemused as to why the share price is still floundering.....although to be fair, I do understand that the market waits for their estimates and calculations to be confirmed by real gold results at Blue Mountain...not long to wait.

And of course its not all about BM, as set out in the report.

Spanning more than 900km² in Northern Queensland, Lolworth is ECR’s largest project by land area. It’s also

perhaps the company’s most exciting exploration opportunity.

Over the past two years, the company has carried out extensive fieldwork, stream sampling, trenching, and rock

chipping.

Results have consistently pointed to widespread gold mineralisation, with grades of up to 14.7g/t Au identified

from sampling at surface across multiple gold-bearing quartz vein systems. In key prospects like Gorge Creek

West and Uncle Terry, trenching has revealed broader zones of gold, including intercepts over 11g/t and 4g/t Au.

Sampling from the Fat Hen Creek prospect returned up to 1,245ppm Au, or 1.2kg equivalent.

Other tenements across 6 projects in Queensland and Victoria making up the total of 1755 square km include..

Bailieston, another potential company maker, with its previously announced very lucrative Antimony potential.

Then there's Creswick and Tambo...

Rock chip assays from direct outcrop and exposures around and within the old workings include gold values of

up to 22.85g/t, 26.26g/t, and 52.g/t.

Perhaps ECR’s most important asset is the A$75 million in accumulated tax losses it holds through its subsidiary ECR Australia.

These can be used by the company to offset future profits at Blue Mountain – potentially saving up to A$18.75 million in tax if fully

applied.

But they could also be sold to a third party.

Its easy to understand why some are baffled as to why the current market cap is at £4.5m!!!

It's only going to take a spark to light the blue touchpaper!

So sausages, you couldn't find any lies in the report, so you resort to trying to make a negative out of the fact that ECR paid for it.

Do you expect share talk to do it for nothing?

And if they did do it for free you would be saying they are colluding behind the scenes!!

Very feable deramp.

The report is just stating facts, and highlights how ECR and its current market cap is ridiculously undervalued.

By the way...whats your buy price this time?

Have you worked out what they're doing yet?

*higher lows

Sausages, here is a chart of todays gold price.

The pattern developing is known as an ascending triangle, as I have depicted with yellow lines.

This 'SUGGESTS', that the buying pressure and upward momentum is the dominant feature, with a repeatedly tested flat top, and a higher highs rising lower trend line.

For this pattern to play out as is understood in technical analysis, it would take the pog to $4k/oz in the medium term....just in time for production to be well underway at Blue Mountain.

https://www.tradingview.com/x/b6qdpH8W/

'massive' dilution?????

Application has been made for 26,857,652 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8 July 2025. The 26,857,652 new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's issued ordinary share capital will comprise 2,269,512,954 Ordinary Shares.

It's c1% ya clown!

'the PoG is irrelevant today for ECR.'

Exactly, but when it hits $4k/oz by year end it will definitely be relevant!

Oh yeah, an absolute avalanche of sells worth £27k and a tsunami of buys worth nearly £16k which just nips us above the daily average volume...the MM's must be frantically trying to keep control like air traffic controllers on an aircraft carrier in a war zone!

Desperate deramp is an understatement!

This announcement today is already known, the company has told the market time and time again that the Directors and some service providers are taking the majority of their remuneration in shares.

It's done to keep the company fully funded for ALL the planned operations in 2025...including production at Blue Mountain which will generate revenues....as opposed to placings at low sp values.

All the fudsters (with a grudge) will be foaming at the mouth today, whilst quietly knowing that the upcoming news flow will be positive.

I wouldn't be surprised if the next couple of RNS's will be updates on progress at Blue Mountain, and the additional shares added to the register of 2.24bn will be a relatively insignificant side show in the big scheme of things, albeit a beneficial strategy all round!

Price of gold is holding up significantly above the company estimates for revenues at BM.

Next RNS please.

Your 'opinion' is a bit questionable sausage....hows that bag doing over on Nativo Resources for example? :-)

Must be in lost luggage!

Scaremongers!

Volumes don't suggest any kind of leak about a delay..just weak holders bailing out who might need the money for other purposes.

The way I see it is that if there was any kind of bump in the road to completing these deals then ROQ would probably have to announce to the market...as its getting so close to the deadline timeframes.

Oh BOO fkin HOO coco, you must bore yourself to death constantly whining and moaning, driven by some historical event that you can't change now.

Airing your personal grudge on here isn't going to change the program of work at ECR either....old Chinese proverb...accept what you can't change, change what you can, and have the wisdom to know the difference!

Airing your frustrations on here with made up suppositions and negative guesses of what is actually happening on the ground and in the board room isn't going to change the share price either, as hard as you might try.

You only have to look at the interest shown in recent sessions....375million shares have changed hands in the last four sessions, and a huge percentage of those trades belong to stock market participants who never read these chat boards, they just read the RNS's and listen to the interviews...that must really grip your shyte knowing that the market is getting excited by the upcoming prospects to make some good profits here.

Just buy some shares at these cheap levels and put a smile on your face when you multibag in a few months.

Plenty of newsflow updates to come, as ECR move from junior explorer to gold producer this year...fully funded!

Strong buying again today, almost 20m volume so far. Yesterday was the best yet in the last few days...120m!

Running out of panick sellers at this level so looking strong for a move higher.