Member Info for Dan1605

So, I think it's fair to say that nobody on here is privy to any information other than what's known. All of this "news coming" and "things going off in the background" is a load of tosh. With regards to recent developments, I posted my concern a few weeks ago about Andrew wanting to start with plenty of cash, he'll want a sizeable sum, my guess 5m. He'll want to raise once with enough to see through the projects that Adam want's to pursue. Now, with what we have in the bank and with those properties he might raise a substantial amount of that. With regards to a JV, I can't see anybody rushing to knock the door down to be honest, the grades so far there wouldn't encourage any major. It seems like he's pretty much set on heading to Queensland so the best option would be to JV Blue Moon, I can see Creswick being stuck on the backburner. The new guy is having to start from the ground up due to the neglect over the last 9 months, in my opinion the likes of David Tang need the boot. I can't say i'm overly impressed with the coms either, AS has been in the job for 5 months now and I'm seeing very little. The first interview should have been a video imo, another epic fail. As a long termer I've lost faith here, sentiment is shot and there still appears to be no passion coming from the BOD. At the price it's worth sitting it out but should this head back to 1.50/1.60 then the temptation to sell will be too great.

Wouldn't it be great if that 5m buy this morning was the new guys. It's more than likely Colin's as he likes to buy around the 1.20 mark but what a vote of confidence that would be before the interview.

Bitcoin, how reliable is this contact of yours? To be honest I can't see what there is to unfold. The JV looks dead in the water and they're practically playing at finding gold, there's no plan. Tang needs the boot, Craig's passing has exposed him. The new guys credentials look great on paper and you would expect him to be turn this around quite quickly, however it would appear that he is still on the board of at least 6 companies so much time is he committing to ECR?

It make me wonder what we're paying Andrew for to be honest because he's brought very little to the party since joining. All this "there must be news to bring him in" is a load of bloody rubbish. Comms are no better than they were last year, if not worse and we have no idea what they are working on. Support now gone at 1.15 so Gods knows where this is heading.

It's half that figure at current exploration rates. This guy may want to up the anti and start making some real progress, not playing at it like we have been doing. I'm not saying the guys haven't done well but there's never been a plan "we'll do a bit of drilling here and bit more over there". Raising capital is going to get tough, real tough.

I would have thought the first priority for our new guy is to ensure we have plenty of cash. I'm sure this would have been high up on the agenda for discussion during the recruitment process. The quickest way to generate 900k is to activate those warrants at 2.1p which look like will expire in two months. This will give him approx 2.5m and headroom for at least 12 months. This could be why Andrew's being brought in to promote the company and get the sp over 2p. I'm expecting a good run of news flow and pretty soon.

I agree, he did a say another podcast due in around two weeks time. No comment on UK distribution though!

I've emailed the company regarding this and to be fair Tony replied within a few hours. The cash was due to them forward purchasing and basically filling the warehouse to ensure they have sufficient supplies during these time of turmoil. As a Procurement Manager I fully understand their position because as a £800m business we're doing exactly the same, anybody not using this foresight will undoubtedly be in trouble in Q3/Q4 on certain products. A wise move but has obviously caused a dent in the cash reserves. It's reassuring that we shouldn't see this level of cash burn going forward and we have healthy stocks of product.

After a closer look, I put his average at around 18p which means he's selling for less than 10%. He's not the type of bloke to be selling for a few quid (to him) so what's changed? Do they have something he wants and he's clearing the decks or has has he tried to flex his muscles somewhere and the BOD have told him to do one?

Two more buys this morning, expect another increase from RS who is no fool. Not sure what's changed AB's view as he's always been a fan of the company having held previously.

Somebody is still buying in the background - I've counted just shy of 2m since the last holdings RNS. The fact that he sold 750,000 and the sp has held tells us that somebody (highly likely RS) is soaking them up.
AB having now shown his hand will looking to dump his remaining holding as fast as possible if that's his intentions - not sure what his average is but I doubt it's far from 20p.

There's been some interesting comments on Twitter about Mrswamp over the weekend, for example his antics over at Kirby Misperton. Can't wait for Thursday's meeting.

Good Evening Peter,

Can I interest you in an aniseed ball?

Pull the other one Roy, you might have a few on here fooled and you may have convinced yourself you're holding but some of us have been in the game too long to recognise a bu*llshi**er. Regardless of what's gone off with Cali Joe, Chris Oil et al you don't camp on this board pulling part a company you're invested in, there is a difference between debate and bitterness and you simply cannot hide it. Best of luck with your holding.

Royoboy is starting to lose it... all the hallmarks of someone who's lost his load on this. Good!

What do they know.......????

Lucky,

For the record I sold 500k around 1.45pm on the back of that RNS and I know another investor sold 800k. We both got live quotes to sell at 1.14 and they were willing to take 1m so there was clearly a buyer around that time. Colin has managed to gather 8% of the company so far yet we're at 2 year lows, my money is on him increasing his stake. I still hold a decent amount here but after that RNS I wouldn't want to be overexposed, hence the sell.

Good news nonetheless, however we need to see the results from the holes already drilled. You can't fool the market, especially this market.

Just had a listen, most of it the same stuff as what we've heard before but appreciate Alan covering it and highlighting the investment case. I'm not buying the Creswick story, this is just smoke in my opinion. The fact is that's not been discussed and deliberatly missed out of every interview with AJ. If it was something as benign as assay delays then it would have been mentioned like Craig did on many occassions. The reason still remains to be seeen.

Having been investing for the last 15 years I reckon I can count on one had how many AIM listed companies I've seen that have played by the rules (most of the time), we have no idea what goes on behind closed doors. A wise man once said, believe nothing that you hear and only half of what you see. What we have seen is a reluctance to discuss anything Creswick related to the point that it's been dodged in an interview more than once, we know for a fact that Alan Green would have talked about this. What also know is that the Creswick assay were sent to the lab a while ago and we've had others back since, presumably which were sent after. Meanwhile we have an average Joe building a hefty stake, miraculously without raising the SP (sorry if you're reading this Colin but we know sod all about you). A JV was never taken off the table and Craig dug his heels in over getting the right deal, perhaps the big boys have had a rethink. There's certainly dots to join.