Member Info for Bottmzup

Chart does look like a good buy in, bouncing off a triple bottom...or is it a triple test of the 43p bottom which if it breaks below....who knows!

If you're brainwashed by all the bullshytery then good for you. I prefer to be part of the grown ups who see it all for what it is....marketing pressure to keep people spending money they cant afford!

Thankfully I dont fall for it, but you seem to fall for plenty of hype...ie shouting from the rooftops that AVCT will fund your new Ferraris and mansions going back several years!!!

Wake up man!

This has been a disasterous buy for legions of hopeful buyers...with no returns whatsoever. How many more years are hopefuls like you planning to wait for some sort of returns?

Father Xmas isn't going to deliver...its all just a dream!

Bollx to Xmas...looking forward to Jan 2nd when the marketing farce is over for another year and we can all get back to reality! Can't stand it!

You beat me to it TS, I saw that. A bit of a lull in excitement levels at the moment as far as chat on here is concerned, but the potential of fast revenue going in to '25 remains the same. The Avoca royalties, Blue Mountain (very exciting potential) the sale of the propery at Brewing Lane, Tambo results...and of course the outcome of the sale of Mercator Gold with its tax loss benefits.

Mike mentions the fact that we are funded throughout 2025, possibly in to '26 with all thats going on...whats not to like!

Had a nice little top up of 350k shares, last listed trade today as an unknown @ .031p, to round up my holding.

Good time to top up while its all gone quiet.

Bring on '25!

Hello silly sausage, have you looked at the assets, the financial position, the 100% owned licenses, the buyers at .03p+, the confidence of the BOD, the collaboration today, the freedom that they have, compared to other players in the sector due to their cash balance...relative to a similar Mcap Company.

Can you name one?

I would just go mute for a while...instead of just trying to be a Mike basher.

The news of the fund raise is out there now, and the market has digested it...why do you think people, not just one or two, but plenty are still buying shares in ECR...do you think they're just daft?

We are not focussed on one project, or one particular license, like some...we have an array of good quality potential across our assets...including royalty payments in the near term.

Can you explain why you are not buying, and talking the shares up?

Or are you just trying to keep the sp low with your incessant ramblings waiting for funds to clear so that you can get in as low as possible?

Just asking for a friend.

A well funded, and well assessed playing field

So that's that then, comments have slowed to a trickle, everything that was going to be said has been said...on both sides.

The short term traders who were caught out thinking they were going to make a quick xmas bonus have had a bad couple of days, while the long termers who've followed the story since way back when have secured an exciting future, with a decent size cash balance to take the variety of good potential opportunities to the next stage...comfortably!

Once the hysteria from the short termers dies down (probably already has) and the RNS's start rolling in, this stage of proceedings will be forgotten, and the forward lookers will evaluate the great new potential on the horizon for ECR.

ECR are not in the same boat as others in the same sector, not only are they funded for the foreseeable, but they also have high potential cash income streams looming, mostly via BM if all goes well with further data to come, but also the royalty payments from the tenements in Victoria..one of the most lucrative gold recovery regions on Earth.

The property sale, once completed, will be more cushions, whilst the BOD still take the majority of their remuneration in shares, as do some of the other provider companies to the ECR cause....as cost saving measures.

All in all it looks like a good 2025 is on the cards, and has a good feel about it...compared to the previous BOD's who were not of the right mindset to realise the potential.

This BOD has the right approach, and long may it continue.

Nice to see the price hold above .03p with a good flurry of buys in the last couple of hours.

Indicators showing way oversold over reaction to what has been a move to secure the financial future, with over £1m in the bank to take ECR and the projects to the next level in '25....enough to fund BM regardless of how long the MGA sale takes.

Interviews today emphasising that the negotiating party is serious enough to bring in their own specialist consultants to structure the deal, so just the complex details to iron out.

Gap to close now at .041 ish, so traders will have their eyes on that.

While investors with more than 5 mins of patience know that .03p is a good entry price, specially with the Mcap back to £6m!

Yes, it was announced 11 months ago, and the last payment of A$33k was made 2 months ago!

i was responding to the comment that there was 'No actual money in from "sale of assets" which is factually incorrect.

Not embarrassed at all...mate!

Each raise has been at a progressively higher price, not lower.

Your desperation to twist any aspect of ECR is embarrasing though.

They could secure the MGA sale, go in to production at BM by Q2 '25, and get a JV deal due to the collaboration with QGS at Lolworth....and you'd still be bellyaching about what Mike said 7 weeks ago!

No actual money in from "sale of assets"- Cocobeans

Ehh? What about this, or did you miss it?...

Sale of Non-Core Assets

ECR Minerals plc (LON:ECR), the exploration and development company focused on gold in Australia, is pleased to confirm that its subsidiary, Mercator Gold Australia Pty Limited ("Mercator"), has agreed to effect the sale of two under-utilised non-core assets.

Drilling Rig

Mercator has signed an agreement to dispose of its Coretech Drilling Rig with a mining operations company under a hire purchase arrangement. The total consideration is A$350,000 of which Mercator will receive A$53,000 on the start date of the arrangement, being 1 January 2024, with a further A$33,000 due every month thereafter for nine months until title in the asset transfers. The full payment obligations under the agreement are guaranteed by a related company to the purchaser.

Excavator

At the same time, Mercator has successfully sold an excavator at auction for a price of A$70,000. These funds have been received by Mercator.

Sounds like a sale of non core assets to me.

Must be quite a rare set of circumstances for a junior mining explorer, to have a subsidiary company carrying such a large built up tax loss over time, almost a unique situation to navigate through.

The complexities must have become more and more apparent as the negotiations progressed, so I don't think this raise was planned 7 weeks ago.

I think it just became obvious that it was exactly the right thing to do in order to defend the company's position, give them a better hand in the negotiations, fully fund the BM infrastructure plans, with finances available to continue with the other assets moving forward.

Nothing more sinister or devious than that...they were continuously being offered funding and decided it would be the right thing at this moment in time.

They would have known they would get some flack, but in the fulness of time it will become clear that it was the right thing for the survival of the company, and to be able to realise a much better financial situation in the medium term.

As a long term holder building a position here, I'm happy enough, and couldn't give a monkey's what Mike said 7 weeks ago when the landscape was completely different.

Plenty taking the opertunity to get in at a discount to the placing price.

Thats one way to ease the dilution issue...for LTH's and new investors!

Well I prefer to take note of the facts...

BOD salary sacrifice

Highly encouraging BM test results

Negotiations to sell MGA, with tax losses, ongoing

Sale of machinery and land to create income

Now over £1m in the bank to fund plans

Gold price at near all time highs

Etc

With a name like MoneyMan you'll be back when the word 'production' is starting to get mentioned in the RNS's.

Production at Blue Mountain, the high recovery, shallow alluvial gold, low cost production at the B M project...with the new experienced consultant geologist Mike Parker heading up the strategy.

And whilst the gold price is still maintaining all time high levels, generating sustainable income in 2025.

Good points TS, the only ones tearing their hair out are those short term traders trying to make a quick xmas bonus.

It became more and more apparent yesterday that a fund raise...at .033p, was their only option to secure the very exciting future for shareholders, not short term traders!

ECR are a bit like farmers the current circumstances...asset rich and cash short, so the significant raise w⁶as exactly the right thing to do...for long term investors!

Nick sounded confident as usual, and it does look quite good for long termers.

Now fully funded to push Blue Mountain in to production, regardless of the sale of Mercator Gold, which he also emphasised by saying `we're not just selling a tax loss, we're selling a 100% ownwed subsidiary company in Mercator Gold'.

Warn about what exactly?

I'm still happy to hold, in fact I've just added more at what will be a bargain price when the tax loss deal is announced.

They may have had their hand forced on this one, but hey ho, so we have another £1m in the kitty for 2025 operations....before the tax loss negotiations complete.

There is an upside aswell you know!

I think the previous comments re funding were that they were fully funded for the 2024 operations.

This could be a negotiations led move, as the buyers side might be putting pressure on due to them knowing that ECR are not rolling in cash...yet!

The sale of the land didn't do much other than ongoing cash flow short term.

This might turn out to be a very shrewd strategy, put pressure back on the buyers...who were keen enough to put a deposit down, plus say to the market that we are now fully funded to go in to production at Blue Mountain.

So it does beg the question though....what is the tax loss money going to be used for?

I was hoping everyone would just ignore the original post, and treat it with the comical contempt it deserved.

This poster has a very wide range of companies he/she posts about, but he/she hasn't once posted, in recent times anyway, about ECR, with all the positive upside potential clearly flagged up in the last few months.

That says to me that he/she has missed the reason for the recent rally, done a bit of homework, and now wants in as cheap as possible....oops!

I've got to say though, it did give me a laugh, as its probably one of the weakest attempts at a deramp I've seen, particularly timing wise.

Nick and Mike have made promises of how they intended to bring value for ECR shareholders, and have kept all of them since day one over 14 months ago.

Don't worry Dsymons, you can still get in for a multibagger if you're quick.....unless the deal RNS drops in the morning!... in which case you'll be kicking your ar*e from here to Sunday week!

Only 3 trading days to go before the deadline of 28th for negotiations to complete, so an update is expected this week.

Pity you didn't tune in earlier....oh, and its 'buffoons' not 'baffoons'!

:-)

Yeah, 2p in 12 months is doable.

They're not going to sit back with a cigar on reminiscing about their success, and looking at the fat ECR bank account...if anything... judging by how excited they sound, this is just the start, and they'll have a plan in place for 2025 just like they have since they joined.

They'll be going for maximum shareholder value whatever, and its going to be interesting how they're going to go about it for some time to come.

You never know, there might even be some sort of joint venture on the horizon...in which case 2p would be in the rear view mirror!

Loving it.