RE: Oh My Word20 Feb 2024 18:47
My penny worth. I have averaged down and am pleased with the measured approach conducted by NT, MW, AJ et al. I like the explanations of progress. My recollection of 2019 is that ECR had a decent drilling campaign at Creswick and that there was the possibility if not probability that ECR could JV with A N Other but that Craig Brown decided that ECR could and should go it alone. Feel free to correct me or add detail to what I have written.
We know that MW has been an ECR investor off and on over the years and I believe he has followed ECR's progress in detail. I further believe that Adam Jones has had discussions with another or other geologists regarding ECR's geology and has a clearer idea where best to drill following on from the 2019 campaign. I hope that I am not being patronising when I say that. In short, if the Kuboid Hill assay results are as good or better as/than Davey Road and with or without any other target, I am hopeful that ideas of a JV can be resurrected and discussions with a third party take place and lead to a JV.
Any deal with regard to the tax losses could be left to general management costs and costs of exploring Lolworth and if the application for the new licence is successful exploration of the add on Queensland licence. ECR could land up a very decent investment subject to the restrictions and poorly regulated AIM market. Every thing has a value. Perhaps by their novel approach, the regulators can learn from NT and MW how to regulate.