Member Info for Cocobeans

Market doesnt like it

1. the grades are poor

2. LOM is a few years

3.G&A isnt covered

4. more drilling and works needed to extend the LOM- costing money- this was supposed to be turnkey

5. cost of equipment now known for BM so the cash they have is getting burnt

6. NO PRODUCTION NOW, slow

7. No what Nick suggested as they are using todays POG and still it doesnt cover G&A and the LOM

The RNS shows money needs spending as much as money coming in. Proof is in the pudding and it doesnt feel like they are ready to bake yet!

It factually WONT cover G&A and as an accountant you should know this.

You take the revenue, minus the costs of the business and you find ECR ARE insolvent and need funding gaps

how do you expect ECR to fund extra work at Raglan beyond this phase 1 thing which is the LOM without any more work BTW!

Harchris- its not FREE CASH FLOW, as the cash flow is eatting into G&A

im not sure you guys understand a balance sheet

James ive been balanced, ive tried to help manage expectations

Example i said Raglan in december wont go into PRODUCTION UNTIL MARCH/APRIL others shouted and said 2 weeks, its turnkey etc

if you want a load of rampers and day traders killing the price, then lets all shout BOOM great news, ECR underdelivered again. then they all sell out like today. better to get investors than day traders into stocks, its stops erractic movements in pricing

i dont like the spin of the company and the paid rampers, they are VERY bad at managing realistic timescales

NICK lied and said they were looking for staff, next day they had staff and was a week away from production, 3+weeks later nothing

The issue here is NICK isnt a mining guy, he is a liar and consistently misleads, listen to his interviews, especially the recent Raglans ones, "all softly spoken, turnkey this, its nonsense!"

things take time, its business, things go wrong, its business, the faster Nick realises he doesnt need everything to happen in a week, the better quality shareholders ECR will have

but Nick and Scott need to go for ECR to be a worth while investment imo

TS- Raglan production will grow in 2026 meaning the amount they earn wont cover as much G&A which will eat into their cash in bank and hurt getting BM into production late 2027, so there is another funding gap, BM isnt turnkey, they cannot use RAGLAN equipment and NOW what we know is the equipment needed is MUCH MORE MONEY than ECR thought

ie they thought Raglan had $500k worth of equipment its actually $1.whatever million, which means they need the same at BM!

Raglan is a small nice project, but its not doing what they suggested it would and they are using ALL TIME HIGH POG prices to polish it!

hEADLIINE Is they have over cooked the stew again

James - they ARENT making anything YET, as they still arent in production, also they said it was turnkey!

they are being shady on why they havent gone into production, as its such a BIG event why arent they shouting/promoting it

is there something wrong??

IF Raglan produces it numbers, then its of course better for ECR to have some revenue than ZERO! BUT it doesnt hide the fact that it wont do as they said and thats cover G&A and they are NOW using todays GOLD PRICE to say £3.4m over multiple years so previous when they was using say $3k POG its even smaller!

POG is at all time highs with volatility!

Yes its a positive but its concerning that they arent even in initial production and the numbers are lower than the market was expecting, meaning more fundraisers later this year

Its not nonsense, its whats in the RNS

Raglan AT todays POG has $7m POTENTIAL in the group obver "multiple years"

lets say 3 years

thats £1.1m minus costs of raglan production, minus G&A they are net negative as a business

ok they have £1.5m , they spend £100k a month, so thats alredy £1.3m, they need to permit, buy equipment of over $500k for Blue mountain, they need to staff it and also pay for set up etc.

Raglan production will also ramp up so you have a tail off

essentially, if BM ever goes into production in 2027, they will need to raise more money unless one of the other licences gets sold or a miracle happens

its not that hard to work out!! its all in the rns

Im also being kid as £3.4m isnt including costs of production ITS GROSS REVENUE, so in fact this company even if its over a 3 year period, still doesnt cover its G&A like they said it would, so Raglan is a nice small mom and pop project but its tiny and really not that exciting as it doesnt stop ECR needing to raise more cash in future, which is what the market wants

Nothing much being said on Blue Mountain, which is the concern, no partners, no licence, no permit, no equipment, no staff- all of which is expensive, when you generate zero revenue STILL

All very odd given that was the "Flagship"

G&A per year is over £1m

Raglan over ‘multiple years’ say 5 will potentially (not guaranteed produce £3.4m so there is a £1.6m gap.

That’s £300k a year they are short, so more placings needed. They said Raglan would cover all G&A

This project is tiny and the market knows it.

It also will only last 5 years anyway , so after this time there will be nothing left to mine and they will be left with equipment that is a decade old so the whole value piece is a nonsense, as depreciation etc happens like in any walk of life

I buy a tractor for £200k in ten years it’s worth £40k

This $7m is over ‘multiple years’

What does that mean 2 or 7

That is revenue NOT profit, therefore the revenue covers some of ECR G&A not withstanding costs and if they step out or deep further- drilling costs

Raglan still not producing like people suggested , so it wasn’t weeks away.

Why is it also a step away from actually doing something?

ECR are great at polishing.

Now executing all this talk is what the market wants

Production and proof!

Multiple years now the reward for people, who thought it was all happening within 2 weeks!

Paid rampers huh!

Cowboy now ramping his new shiny toy with Nick so , expect a pivot soon.

Watch this space

Are they in production or not?

HAs Nick explained and confirmed if Raglan tax losses can be used in this period and what the criteria is to use them?

I dont mean whats in the RNS, i mean actually explained the way they are being used and timings?

I dont think any of the above has been officially confirmed in any detail, and that is what the market cannot actually price.

Has ECR sold any gold or not?

Given the above company was paid by BUCE, THR AND V3TC, i wonder how much the likes of EPP, TGR, PR1, ROQ paid them

can you trust these paid promoters?

Look who it relates to and then question everything they say on any stock

they present a whiter than white character , yet appear to have been pulling the wool over everyones else for years

Buccaneer Energy plc (AIM: BUCE, formerly Nostra Terra Oil & Gas)Services: Media-related services (likely PR, IR promotion, social media for oil/gas/Bitcoin mining updates in Texas assets).

Payment Details: Issued 175,000,000 new ordinary shares (amended from initial 142,499,999) to Roast PR Ltd and Visitz Ltd as joint consideration.

1. Thor Energy PLC (AIM/ASX: THR, OTCQB: THORF)Services: Public relations, investor relations, and social media/community outreach (e.g., engagement for HY-Range hydrogen/helium project updates).

Payment Details: Issued 1,666,666 new ordinary shares to the principals of Visitz Ltd in lieu of cash.

Date: Issued on/around April 30, 2025 (admitted to trading shortly after; referenced in October 2025 quarterly update).

Paid to promote here

Paid to promote

Involved here too

company either sells BTC or they raise money

G&A over £1m

they have no cash

P&D incoming no doubt

Why aren’t they saying either way?

Just for clarity to the market

Yeah nice AI nonsense :)