Member Info for daramuda

Whilst Chesh that is Tang's holding disclosed on LSE unless I have erred the 2023 annual accounts do not show any holdings by directors (including Tang) save for options which have not been exercised.

TS - Although a sale of the tax losses is not certain I am encouraged by the appointment of Argonaut who I doubt would have accepted the challenge if they did not think that they have the ability to find and engage a potential buyer.

I expect that Andrew Haythorpe exercised due diligence prior to agreeing terms for the acquisition of Blue Mountain. I hope that Jones has satisfied himself that Blue Mountain is worth further exploration with the potential to find a commercial resource albeit on a small scale but worthy of production.

Talking Sense - you over do the hurrah hurrah and I wonder what the size of your investment in ECR really is..

Sausage - you obviously have it in for ECR's managing chairman and COO and I doubt that you are invested in the company and can only criticise at every opportunity.

For my part, I am one of those sad LTHs who has averaged down and hopes that Talk Ant and Talk Dec walk the walk rather than talk the talk - however the contents of today's interview encouraged me to think that the talk could lead to effective walk.

You have been a LSE member since 2022 and in that time posted 27 posts including today. Previously you promoted CINE as a strong buy and then ceased posting on the CINE thread all of a sudden in March 2023. You appeared on the ECR thread suddenly in March 2024 with a strong buy. You have rambled since. You are entitled to post but with respect you have not made much sense since your strong buy recommendation - with respect you just appear to be contrary.

Well written Tornadotony. I take no notice of ReeTech because I soon learned that he does not have balanced opinions.

I think that ECR has some decent assets and that the MC should be higher than the current £6 million. Management do imo read the bulletin boards.

I think It is quite possible that a deal will be done regarding the tax losses. The question is at what figure will it be done. Is it possible in Australia to obtain a clearance certificate from the equivalent of HMRC,

It is clear from MW's comment in the Bailieston antimony RNS that ECR will look for a partner so that asset is parked for the present. There is much work to be done but it is possible that with further extensive exploration ECR could have a valuable asset.

Update for Blue Mountain? Revenue is important. Can we produce? 80k to 100k ounces plus. News and a plan please. I will not comment on other tenements at present.

I agree with the contents of your 9.23 post Sausage with one reservation. Argonaut are unlikely to get involved with seeking a suitor for the accumulated tax losses unless its management feels that it is a worthwhile exercise. The amount of the consideration may not however be as large as some have suggested.

I agree with the premise that Ecr should get on with steps to produce from Blue Mountain - talk is talk -however revenues are money and would increase the market cap.

BlackHopper/ NGC - The print used in today's RNS is not large and I may have missed the point you make but where in the RNS does it say that the tax adviser Argonaut is being in shares ?

Yup. Millions of sells kicking in.

Mentalmax - just to show us all that the subject of fees paid to "conserve cash" raised by you and endorsed by others including myself has been noted by MW, you can find an extension of the Alan Green/MW on X posted yesterday. In that MW states that the £6K fees were paid to professional advisers. What he did not explain is that these fees have been a regular occurrence and on one occasion amounted to £25k paid in shares; nor that the fact that the conserve cash fees were not stated in the various RNSs as being paid to professional advisers (the RNSs were silent on the point)

But at least one can see that MW at least is reading the bulletin boards - thus the views of commentators on BBs are being noted. Whether they act on them like increasing the market cap by production of gold time will tell. So far in my opinion talk has not worked.

If Dan1605 you are referring to Blue Mountain I agree that we have historical gold bearing ground but I do not think that we have interest from other parties in respect of Blue Mountain (I may have missed something and stand to correct my view if you can point to that interest). I believe however that MW made a comment in an earlier interview that with regard to Lolworth the company had interest from an unnamed party or parties to the east of the eastern side of the ECR Lolworth tenement. That said if ECR can find a material resource at Blue Mountain (MW did mention seeking an "inferred resource" ) then we are on the way to production and making money which in turn would increase the market cap - a theme that MW keeps returning to. Well if he wants to see the MC increase then take steps to do so. But just as Jones may have been able to get going at Blue Mountain off he goes to Lolworth and we are not aware that any staff were left at Blue Mountain to further explore and deliver. I thus cannot see what management's plan really is. Accordingly I have sympathy with the cynical view of Sausage, whoever he may be and even if he has an angle with MW .

ECR Minerals needs revenue in order to achieve a decent market cap. Whilst the ECR team move to Lolworth can not some of the local Blue Mountain landowners assist in exploration and helping with work leading to production at Blue Mountain? A branch of the Aussie Gold Hunters?

Thank you TI.

Where did you get that from TI?

The issue is not whether it is improper to discharge invoices for fees by issuing shares (which is commendable and done by many listed companies where the payee is prepared to accept shares instead of money) but whether in the case of ECR details of the payee(s) is/are shrouded in secrecy. When on 14th March, ECR announced the second placing under the current management, it also announced the appointment of Axis as a second broker and that it was paying Axis a fee in shares. The payment was termed "Axis shares" and the payment was made for conserving cash. Separately ECR announced that it was making a payment for £25,000 to an advisor (unnamed unlike Axis) in shares for "conserving cash". If one can name one recipient one can name another. I will leave it at that save to say that I am with you Mentalmax..

I am today more interested in whether ECR can create and realise value for shareholders. May I remind readers of the Stock Box interview of MW on 6th June wherein from 8 minutes 30 secs MW talks of Blue Mountain getting anywhere near 80K to 100k ounces of gold and "hopefully we can show investors some gold". We know from MW's tweets this morning that work has started at Blue Mountain. Like other shareholders I hope that the optimism expressed on 6th June is realised by production which might well give ECR a market cap value of £20 m to £30 m hoped for by MW in the 6th June Stock Box interview. GLA

Talking Sense - I became a shareholder when Craig Brown was ceo. You could only praise Craig Brown. Likewise when Andrew Haythorpe took over, you praised him and you could not fault him. It is now the same - you can only praise Nick and Mike . If anyone criticises them, you challenge the critic.

They started well. Got a raise away at a discount, sold some surplus assets and dispensed with costly accessories like the former chairman who was taking circa £70,000 pa and the company's office which was clearly surplus to requirements and Nick and Mike have taken a large part of their. remuneration in shares (some at a discounted level) Drilling Davey Road and Kuboid Hill has brought very limited returns and we have a lot of talk talk and tweets . I hope with Queensland talk will be replaced by walk and value will be created starting with production of the "inherited"gold at Blue Mountain. Possibly like you, I have run and managed businesses. I know how to conserve cash but these two have spent tens of thousands in the form of shares to conserve cash and we have no idea who has been employed - why have we not been told? Sorry, but I cannot join you and other sycophants and not criticise. Let us see them justify their £102K pa each take. And I would hope because other shareholders (not just traders) will benefit, the value of Nick and Mike's shares increase upon delivery of value.

It was my mistake. I did not have a negative agenda but I am afraid that I will remain negative until Talk Ant and Talk Dec announce something in an RNS that gives shareholders real value. I was checking out cash in hand as at 31 March earlier which took me to the second placing. In that announcement yet more money (in the form of shares) was given to advisors. Part to joint brokers Axis which I can understand and part to unspecified "advisors" "to conserve cash". What do the board do to conserve cash? £102,000 per annum each (£12,000 of which in cash) - I am beginning to question what for, If and I mean IF ECR produce from the 80,000 ounces made available by Blue Mountain's previous owners, you will see me revert to positivity. But then Haythorpe needs credit for acquiring Blue Mountain.

BBN - I take your point. A shame that was not made clear.

But the outside interest is leading nowhere. If it were we might have a JV with Creswick but regular attempts by previous management and the present to find a material resource in Creswick has FAILED. Yet talk Ant has today tweeted that the present management intends to return to Creswick to drill - drill for what ? pockets of gold? Beggars belief.

Well mentalmax - agreed but when the Doc tweeted the video created by the previous owner the market is entitled to assume that he gave considerable thought to that in conjunction with Adam Jones.