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I have no problem with your question Legalwolf.
I am waiting to see whether Jones has real ability as an explorational geologist when he gets to Queensland and Crescent Gold was not just a fluke for Haythorpe. If the mineralisation at the tenements in Queensland is so much easier to explore than that in Victoria, I expect them to succeed.
It would be decent if the directors could align themselves by buying stock in ECR. I see no impediment preventing them from investing - out of the income they get from the company which is being supported by shareholders' own money..
By the way Legalwolf are you a lawyer or former lawyer, considering the handle under which you post?
I am not speculating, Tamer, about when or if 35 Brewing Lane might be sold. I like others am waiting to see if the company can find a commercial mineral resource at Creswick or if they have sufficient data to negotiate a sale or JV of the Creswick and Bailieston tenements.
Any shareholder will be concerned as to whether Adam Jonea has the ability and competence with which to find a commercial resource - so far he has not. However your first of four post sas an LSE member dated 16th January concerned ECR and commenced with "I will only post this once...." and so I take no notice of someone who breaks his/her word.
rxdav appears to no longer be a member of LSE. So paid to disrupt? Perhaps TamerInvestor could now stop goading Melville and thus encouraging disruption..
I would correct you in this way. The RNS of 3rd March announcing the commencement of drilling at Creswick set out the extensive reasons for the board (geologists) thinking that ECR could find the gold lode. Either that was or was not the result of competent reasoning by the geologists.
If that reasoning was arrived at by competent geologists then we are left with whether the drilling will be competently guided by the ECR geologists in order to find locate lode or whethet they are not up to it. The contents of the 3rd March RNS were sufficiently bullish/brazen that it would be embarrassing for Haythorpe if the board gets it wrong - I am thus hopeful that a decent commercial resource will be found.
I am with you dropside. I do not think any long term holders, and that includes Adonis Pouroulis and George Bennett, want to see their holdings diluted any more than necessary. We do, however, need the pilot plant up and running.