Member Info for Bottmzup

You have the right to post your disappointment.....yes, about 6 times and counting!

If you're 'upset' about making a mistake by not doing enough research and jumping in at the wrong time, and not listening to exact wording, then maybe the AIM market isn't for you.

It sounds like you're still not recognising YOUR bad judgement!

Eloro, are you still bellyaching about a fundraise that will secure production on two alluvial operations?

Ffs, grow a pair and OWN your decision to buy in, at whatever price you got.

NT didn't say, or 'confirm' as you put it, that they were fully funded to get Raglan to 'production'.

The interviewer asked, 'do you have enough working capital to get Raglan going'?

NT answered ...'we do, it's ready to go, it was bought and paid for by a fund raise we did in Oct last year in a single payment, so we'll go down to the gas station...buy some diesel, we'll find a team, and we'll get started so its a quick process.'

Maybe it was cleverly worded, but you weren't listening, you should have played the interview again, because he clearly stated that they have enough working capital to get STARTED!!!

The discussion was had on here many times running up to xmas on how much cash was in the coffers, and it was pretty obvious that they didn't have enough to guarantee not needing any further fundraise. If you read back you will have seen that all kinds of figures were batted about, from £200k to £500k to secure an easy ride, and if you read my contribution you would have seen that I finished one post on 2nd Jan with the sentence...

'This is my biggest holding in my ISA, and couldn't care less whether ECR do another fundraise, at whatever price....in fact bring it on to secure future production capacity well in to the millions.'

You just misread the situation and jumped in to the rise on the announcement that Raglan had STARTED, because of your FOMO....and greed.

You made the decision to buy at the wrong time thinking it was a guaranteed banker, and now you're going to have to wait to get back to breakeven.

Next time, do more research, and be a bit more patient, because without the placing RNS this was always going to drift back down from its 0.33p level while we wait for production figures...because of profit takers.

Wake up to your mistake, and stop whining!

Agreed HarChris, the AU$76m tax loss 'bonus' puts ECR in a much more serious position compared to others of a similar market cap...it's like having a trump card in every hand.

One of the reasons that after yesterdays placing at 0.26p the price held up above on a volume of 500 MILLION traded...it's the extra cherry on the already very promising position that ECR are now in, and the market has now woken up to the potential multibagger this is set up to be.

I think that Chris Gibbs, now appointed as Independent Non-Executive Director had a big say in this move to secure funding for a big development push.

Chris brings over 25 years of international mining executive experience, spanning North America, Australia, Europe, Africa and South America. His career includes executive positions with a number of large international mining companies, including Centerra Gold, Placer Dome, Argonaut Gold and Barrick Gold.

Chris was the former CEO of ASX-listed American Rare Earths, when it advanced its 2.63 billion tonne Halleck Creek rare earth project and substantially grew its market capitalisation. At American Rare Earths, he was instrumental in its transformation into a development-ready US rare earths company, which substantially increased its market value. At Argonaut Gold, he oversaw the Magino Gold Project from feasibility through to construction and operations readiness. Earlier roles with Centerra Gold, Barrick Gold and Placer Dome involved large-scale mine development, operational turnarounds and cost transformation initiatives across multiple jurisdictions.

Also the excellent appointment of Mike Parker just over a year ago as Consultant Geologist.

Mike has extensive experience in exploration and project development, overseeing projects from discovery through construction to production. In the UK, he is best known for his 22 year tenure at First Quantum Minerals (FQM) where he held progressively senior country manager positions, and was instrumental in two major copper discoveries: the Lonshi and Frontier mines. He was country manager in the Democratic Republic of Congo (DRC) for FQM, overseeing up to 3,000 staff with 2 operating copper mines and a mine construction project. Between 2011 to 2017, he was country manager for FQM in Peru, responsible for the design and implementation of FQM's corporate strategy in Latin America, including Argentina and Chile. He oversaw community relations programs and sustainability processes, ensuring that projects complemented community development in remote areas including preparations for resettlement programs. He was responsible for all government relations and communications throughout Latin America.

These two guys have CV's that read like a who's who of mining development experts on a global scale...and well done to ECR for securing their services.

ECR may be too small for Newmont, but I bet there are plenty of smaller operators keeping us in their watchlist and waiting for production figures at Raglan.

Then, waiting for the mining licence at Blue Mountain to be granted for a real spike in interest, specially if the POG is close to $5k/oz later in the year.

Then we would be in multi multi bagger territory from todays puny market cap!

Contrarian, the bit that contradicts your clear attempt at a deramp, is referring to a comparison to a Lessons from other AIM junior gold explorers.

ECR is no longer a junior Gold explorer...they are now in the first phase of being a Gold producer!

There's a big difference

And Antimony at Bailieston, a precious metal used in a lot of Military applications, just when it looks like global conflict is likely to be incoming!

Well boo hoo you, let that be a lesson on gambling with AIM companies, because they don't have the same rules as main market ones.

Well welcome to the AIM market Eloro, it's the stock market version of a casino... high risk high reward!

It's not the first time an AIM CEO has been 'delicate' with showing their hand in order to secure a much brighter future.

Well a lot of people moaned at the last raise price of 0.2p 3 months back to buy Raglan and all its infrastructure. The share price hovered around .21p in the couple of months since, and now if they'd bought in at the time in the low .2p's they would be sitting on a 25% profit at todays price.

25% in a few months is excellent compared to most other investment vehicles, like bonds, premium bonds or banks!

I sometimes wonder if placings by AIM company's lead some to only look at the negative side, that being that they are usually done at a discount to the prevailing share price, so therefore its a dilution!

And some placings are done to keep a company alive and breathing, to pay of debt or to keep up with running costs.

So here's the positives in ECR's case today.

At a market cap of c£8.5m, they now have over £1.5m in the bank to accelerate growth, to fund their many operations in Queensland and Victoria, not to just survive and keep the lights on.

This large placing will keep ECR fully funded for over a year...without any income, just when they go in to tax free alluvial Gold production at Raglan, and there after alluvial production at the much larger Blue Mountain, where much of the pre mining lease work has already been done.

The placing announced today could well be the last one ECR will ever need...under 1p!

It's a very significant strategic move to becoming not just a producer, but a producer on multiple fronts in the coming year.

The level of volume buys today suggests that the market has finally woken up to the potential that has been on the cards for a good while now, with c1200 square km's of tenements across some of the most lucrative Gold bearing regions in Australia.

This today, will be looked back on being the most important milestone in the 25 years of ECR's existence, because it secures the future of ECR as a minerals producer.

Approaching 450 million shares traded today, by far and away the highest volume day in ECR's history!

And there's still two and a half hours to go.

Buyers piling in to get their hands on some of these at such a bargain price, because they know that going in to production now couldn't be better timing.

News flow on several fronts due in the coming weeks and months will send this company to another level with proven Gold in the ground...soon to be in the melting pot.

Fully funded beyond 2026 now, so any Gold produced and processed is a huge bonus...tax FREE!!

'May' not be commercial, well just as likely as me saying the grades 'may' be staggering, because of the course nuggety gold already seen, which suggests they could be close to the source....also known as the elephant!

200m trades volume in one hour!!

Majority buys.

Eloro, no need to apologise for having your own view.

They can't know 100% at this time how much gold WILL be found, they can only be confident of making enough to cover costs due to how the site visit and tests went.

This opportunity to raise gives them in a comfortable financial runway for this very significant year.

As a non subscriber you may not be able to see all the trades going through...click the tab above in 10 minutes.

No, just click on the trades tab above.

55m trades already, and a sea of blue!

Market knows a bargain when it sees it, with plenty of news flow to come.

Another 1m for me at this price...nice.

Plenty of green boxes today...I suspect someone's having a meltdown, I wonder who?

Could it be the same one that didn't have the gonads to make any comment yesterday when the production phase started at Raglan.

Most likely.

Panman, do you not think that production at $4500+ will easily cover costs, with two operations planned to be running in '26?

Machinery and site infrastructure is already bought and payed for!

Lets see when they announce first gold recovered and processed at Raglan.