Member Info for Dan1605

Just for clarity BH, they can cash in their shares today and walk away with a handsome salary. That being said there are not many that would take shares in lieu of salary, it's what we have been calling for a very long time.

Bloody predictive text, try again.

So what does ECR want to be? A gold producer or just an explorer that's waiting to be bought?

Nail on head!

Nail on head!

The answer all depends on the MW/NT end game. We know that they are aiming for a £20m - £30m mcap, so one would assume a producer, but who knows!

"So what does ECR want to be? A gold producer or just an explorer that's waiting to be bought?"

Nail on head!

The answer all depends on the MW/NT end game. We know they are looks my for a £20m - £30m mcap so one would assume a producer, but who knows!

Several investors have started legal proceedings against both the company and a sperate case against Tony Burt.

I agree TS, lolworth is a potential company maker, on its own. I suppose it's easy for us armchair experts to comment on which strategy they should be taking but some of us have been here years and have seen where predecessors have gone wrong. The logical approach would be to aim to generate revenue through BM and strengthen our hand with potential partners for lolworth. The SP should be considerably higher, which is another matter. What's your take on the recent trading?

TS

Tambo EL7484 - 27 rock chips were tested June/July 2023

Lolworth - Multiple rock chips and soil samples were taken last year. This was from the RNS 20th November 2023.

"Our Lolworth project is progressing nicely and we are consistently seeing visible gold, which supports the historical evidence, but more importantly validates our own thesis. We are collating the data into our work plan to conclude the reconnaissance work and prepare for the target generation stage. We expect to provide further updates soon."

Target generation stage, yet here we are again 7 months on going back to take yet more samples.

We had some half decent results from KH and DR over at Creswick, sufficient enough for a small scale operation yet this has been overlooked. In fact they were stating "we may never have an operation at Creswick" Why?

We keep hearing what a good position the company is in and I don't doubt that, some good work has been done by the board to steady what was a sinking ship when Haythorpe decided to jump off. But there just appears to be a some reluctance to execute a strategy and take the plunge, playing it safe by sampling in the hope that a major comes knocking won't work. Yes, sampling is required to formulate a drill plan but how many times can one soil sample and rock chip a tenement. If these inbound inquiries are worth taking the take them, don't make the same mistake CB did and play hard ball with no negotiation power. I'm cynical because I'm up 3% in 12 months, I could have taken 5% from a bank.

"Start a small scale production" - something we're all agreed on. It's obvious from the AJ podcast that Lolworth is too big for them to handle and therefore a partner is needed, I can't see this getting drilled this year.

I also read this week that NT has joined the board of Chill, I make this at least 4 other directorships. Haythorpe was known to be sat on multiple boards and there was a concern that he was spreading his time too thinly which I believe has been proven looking at what he'd achieved. I hope this is not the case now.

More cash burn C1. Back to Tambo next imo, so they can drill another 10 holes to do sod all with.

I see it as I see it Sausage and happy to debate with anybody whom is willing to look at things from more than one dimension. You have an agenda which has sod all to do with the business.

As for the article, check "My Documents".

The share price is 3% higher than it was 12 month ago, just let that sink in. "Judge me in 12 months". The bod needs expected the sp to double overnight based on hype and it hasn't happened, the very same crowd that they invited to support that raise have shafted this for the last 12 months. If they get in BM into production then my stance will change. BM should of have been the priority, instead we've waisted time drilling Creswick which will account to nothing.

The relevance is general BH, it makes gold production more attractive. How does that help ECR?

No it's not, we're not producing and we haven't got JORC. How can they value an asset when they can't prove what's in the ground? The only relevance it has is that its good for gold exploration in general.

"Dumb post dara" Tell us why he's wrong then BH, tell us which part of what he's wrote is incorrect.

The market is wide wake, it's woken from a 3 year Coma. The question is, why doesn't it believe what's happening here?

There's one rouge MM dropping shares into the market, placing shares most likely.

How can you admit shares to the market that have already been allocated and sold?

Marex have moved to the bid, finally!

A good call...and there we have it.

Struggling to break that 1.90, a close above the 100ma would set it up nicely but doesn't look likely today.