Member Info for Dan1605

It's all rear view mirror stuff Notrex and hope things will change but the harsh reality is we have the same BOD and Geo. We're at a pivital point, you either put you faith in AH or you don't. I have but if there no signs of cash coming in or reduced burn through rig leasing then I'm gone.

Agree Notrex. The company has told us it's funded for 2023 exploration however this does not include drilling imo. The fact they're pushing drilling to the back of the year suggests they're either waiting for the right time to place or hoping those NCA will sell, this is very misleading imo. The cash this company has pis*ed up the wall on Victoria is eyewatering and yet again we find ourselves trying to raise money as quick as we're hemorrhaging it. In hindsight they should have raised a lot more at 0.90.

Not a lot Cashking which is how we'll reduce cashburn. I estimate we burn 120k per month whilst drilling and 80k whilst we're not but that's just a guess. Still not sure how much a rig lease would bring in but I wouldn't be suprised if it's 50-100k per month. AH said it would cover most of our running costs.

Traders moving out and short increasing. GSA (the shorter) are known for trading based on TA rather than fundamentals.

At least one rig should be leased Tamer, it makes no sense having it sat redundant. I've emailed AH and asked what the plans are on the leasing front, I've had no reply. I'm sure AH will make the right decision for the business, hopefully Tang will keep his nose out.

I feel we'll hear about plans for the 2nd drill next week. It should be commisioned now and ready to go, this is just a guess before anybody accuses me of ramping We know both rigs won't be needed for some time so why not lease out both, this would reduce cash burn considerably.

I don't think it was a ramp notrex, just an observation. I don't doubt that there will be buyers at this level. Something's been off with the trading activity here for months, possibly years. We've seen millions sold off (more than any single holder) yet no TR1.

What are they offering Cash?

Only time will tell Paul but most have been bitten too many times to buy the story. How many times have we had good sampling only to find nothing with the rig.

We've already had it anders, always coincides with a RNS. It won't be long before Doc H starts to ramp it in his podcasts, he bought in at .62 so suspect he's already averaged down. If it stops this from dropping anymore I'm not bothered who ramps it.

What's up Snip, is the sp going the wrong way.

They're trying, great news.

Opportunity

You would hope that they see the need to support the sp and will update at any given opporuntiy.

It's very easy to take a sp down in low volume, it doesn't take much selling. Their average must still be close to 1.70 and that's a fair few to buy back unless they're looking to strike a deal with PF.

Interesting and what I suspected. Not sure they know anything to be honest, don't forget the initial short was opened a few days into the drill. I think this short is based on TA rather than operational factors.

A couple of very good posts Legal and daramuda. The dury is still out for me, so far AJ hasn't pulled up any trees and whilst some will say "you can't magic gold" he's a Geo and it's his job to find it using the tools available, he is my concern tbh.

I'll give AH some credit and say that he's spent the last 12 months undoing what CB spent years putting togther which takes time. We all know what AH did at Cresent but what we don't know is how much cash he had to play with, ECR is like trying to turn around 40ft arctic in a one way street. As for being fully funded, we've heard that before and for me the numbers don't add up but more than happy to be proved wrong.

We sure do mate, it won't be plain sailing! There'll be a few more sleepness nights I'm sure. Best of luck.

who said anything about a competition? we're all in the s*it together. i'm quite happy for people to pull a stock down with good reason and we've had good reason. my positive comments don't change my stance on the **** po*r performance and the fact that aj should be accountable. i've clearly stated that queensland is the last roll of the dice. what i won't stand for is mud slinging from those that hold a grudge and clearly not invested, like snip.

Anders, if you scroll back more than a day mate you'll see that I've been here longer than you. I say as I see it whether negative or positive.