Member Info for Bottmzup

Https://x.com/Share_Talk/status/1859504078054629603

Plan coming together

make no bones about it, mike ******* and nick tulloch have transformed this company from going nowhere, to the dizzy heights of possible huge funding, (without shareholder dilution)....and possible near term production to use the funding for.

they have both played a blinder throughout their tenure, from day one!

cutting expenses, the whole team taking salary mostly in shares, and most importantly, analysing the potential of the assets, and then acting on that analysis in a proffessional way.

they deserve every credit, for their hard work, and finally...finally turning this ship on a new course after all these years.

they know how to negotiate, and there's very little chance of them not coming to some agreement... they know what it means!

if the first company is too far away from a deal...in which case why did they pay a deposit?. then the next cab off the rank will be closer. four more to go.

ecr wont throw this opportunity away, n & m will know not to demand too much, and to get the deal over the line.

very impressed by these two!

They've got me at it now...9x 1 'share' trades!! Not 1p.

Maybe thats their ploy, to spin everyones heads until they can't think straight!

Wtf is the point of 9x 1p trades? Are these MM's just taking the fking p*ss out of everyone?

Ridiculous idiots!

Either one of those double whammy's in isolation, Blue Mountain and the tax loss negotiations, would have moved the sp off its recent lows.

Obviously we have to wait for further data on Blue Mountain, but the news of the 'discovery' so far is very encouraging, and the potential for near term production is very real.

Of the two, the tax loss sale is the more safe news...which is going to happen.

Just a case of how the negotiations go, if the one who's already paid a deposit can't seal the deal then there's four others ready to pounce, after all its a big saving on their tax bill.

But of course there is one other big whammy...the price of gold...this couldn't have been better timed either.

Recent all time highs and on a trend that suggests its trajectory is continuing North for a while to come.

Not only a strong hand in any negiations, but also a strong position if Blue Mountain goes in to production in the relatively near term.

So many positives...could be an exciting week.

I'll shut up now

....'it would give ECR the springboard to invest in becoming a gold producing company, which is the game changer.' - ShareRookie

Yes, and at low cost...

'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.'

Could be a well timed double whammy!

Only the 2nd time that the sp has closed at exactly that high since late July '23....when it closed at .5p....sentiment is rising!

That should be the next target since the sellers seem to be dwindling after taking their early (too early) profits...unless.....we get a barnstorming tax loss sale deal.

In which case it would most likely open up at a lot higher before going on a run up. Sentiment on what they could use the money for with the other expected news...Blue Mountain etc, could add a significant % to the initial rise.

All conjecture at the moment obviously, but the recent rise, and high close yesterday, under several massive volume days in the last 6 weeks suggests that we are well on the radar of a wider selection of investors/traders, and some very high volume days will ensue if the news is good.

To any new readers doing some research I will just say that I am quite heavily, % of my portfolio wise, invested in ECR, so I'm going to be biased...obviously.

But do your own research, and you wont find many negative RNS's for some time now. Its all been building up to a much brighter prospect compared to the past, with a flurry of very positive RNS's recently.

Lets see what happens.

Looks like the MM's don't want to be out over the weekend either! :-)

And the Company in negotiations, who have paid a deposit on the tax loss deal, have been given until 28th Nov to reach a deal.

This is real, as opposed to a vague claim that a joint venture was being discussed four years ago, with no details whatsoever, and no significant high grade results...just bits and bobs!

No don't agree. It has been officially announced that we are in negotiations with one main Company who have paid a deposit on the tax loss deal...with 4 others signing NDA's.

Highly Encouraging Test Work Result Reveals 91.7% Gold Recovery From Blue Mountain Ore Sample

Appointment of Mike Parker as Consultant Geologist

In line with our current policy on aligning senior members of our team with our shareholders, Mike will also receive part of his remuneration in ECR shares."

Partnership with the Geological Survey of Queensland ("GSQ") to further investigate the critical minerals potential at the Lolworth Project

Still have property sale on the market with a AU$500k price range.

Etc etc.

More solid facts.

Completely different situation this time around, four years ago was about hype and hope that a JV would materialise.

This time the foundations of the company are much more based on actual facts, and much more realistically achievable.

🇬🇧 𝑻𝒉𝒆 𝑫𝒐𝒄 🇨🇾

@DDS_DocHoliday

I stand by this, and now we're at the business end of things 💪 #ECR ⛏️

https://x.com/DDS_DocHoliday/status/1857419338828947709

Posted a few minutes ago

There's enough positive news in the last few months for me to believe that this small cap isn't the same as most out there.

All the info is out there and been discussed on here ad infinitum...in conjunction with the sp rise under heavy volume.

No brainer!

Seems a bit odd that some would bale out at this time, with whats currently known!

A good few 1m+ sells this afternoon, do they know something the rest of us don't...or are they just scaredy cats banking their profits?

Or are there some big buy orders the MM's are facilitating?

Stop losses?

I know what I'm doing....nothing...until we know officially the result of the negotiations.

Absolutely spot on Iknownuffin, as I already mentioned in an earlier reply.

You should swap names with the one who started this thread!

I'm a firm believer in charts if used correctly in the right shares, but charts had nothing to do with this stonking tax loss news.

When you're an actual investor who's followed the story for many years, then emotions are likely to be invested aswell.....rather than someone just jumping on any strong moving bandwagon to pump some flimsy blog!

Swazers, I used to post plenty of successful charting patterns and got in to so many arguments with fundies that I decided not to bother any more.

The difference between mine and yours was that I posted short term patterns like ascending triangles (AVCT), 1-2-3 reversals, bullish divergences etc...I got some flack from the non believers but also got a lot of praise by those who understood.

Been learning the technicals since 2004 when I first attended a seminar with the Online Trading Academy, and been trading ever since, with plenty of learning curves along the way.

But when I read the book called Come In To My Trading Room by Alexander Elder the conclusion which I learned was that you only really need 5 indicators max. Trendlines, Moving Averages, an Oscilating Indicator like Stochastics, a trend follower like MACD, and Volume.

Your chart looked too long in timeframe for a junior explorer on AIM, and far too many lines...like a map of the London Underground, just too confusing with nothing clear to learn.

And finally, I have been following, trading and building a position in ECR for many years, and since the new team took over I decided to increase my position, buying 7 times between Oct 23 and March 24....all in the lower .2p's!

So I certainly don't need your charts to help my decisions.

Just listened back and I did hear that wrong.

What Mike said was that Argonaut has suggested that 50% of the £9- £11m was achievable...but here's the bit I misheard...

Mike, said...the number that these guys are talking about is significant, and then somewhat giggling with surprise he said, 'probably a bit better than we expected to open up with'.

So 'starting' at a higher level than they expected, which bodes well for a healthy figure to end with.

And thats just from the one company that signed the Exclusivity Agreement with, they have also left the door open for others to make offers.

I think Mike suggested that it was coming in at higher than the current Mcap of £6.5m!

Did I hear that wrong ?

Not sure why you're suggesting a c£3m tax loss result BBN, Mike states quite clearly in the smallcappix interview that the initial offer was higher than they were expecting!