Member Info for Davbro68

Some good research guys. "The Geological Survey of Victoria believes there could still be 1500t of gold (about 48.2Moz) of undiscovered gold beneath Victoria’s soil" The latest round of grants to the Bendigo area looks close to ECR,s Baileston project, north of Melbourne so they may have missed out.

Despite my initial woes yesterday on the discounted placing, the SP closed in a strong position, keeping above the 1.95p line of resistance and above the 50dma. On a chart perspective first target is 2.775p Well done those who managed to buy sub 2p yesterday.

Just when it looked good finishing over 2p yesterday to start momentum, we get a discount placing today @ 1.8p Over subscribed yes but lets use the cash wisely. My average 1.4 so happy if 1.8 forms the base for now.

enjoying sunshine missing todays decent rise!

Yes indeed and by the same buyer who put the order in yesterday. Order not filled until this morning, shortage of shares? https://tinyurl.com/yb7l5cu9

Agree just the two sells at the moment in the 1.8's There's a decent 650k delayed buy gone through this morning at full ask!

Adding to SuperMonkey post Craig Brown previously stated "We believe the fact that the investor has agreed to a 12-month lock up with respect to the subscription shares speaks volumes in this regard, and is a real vote of confidence in ECR and its strategy. “We look forward to using part of the net proceeds of the Subscription to press ahead with the planned drilling programmes at the Avoca and Bailieston projects in Australia and the SLM gold project in Argentina in due course"

Segro to enter the FTSE 100, well done to the BOD http://www.bbc.co.uk/news/business-40113565

They have a licensed distributor in Argentina and with 29.99% ownership of the company are now entitled to recommend up to two people to the board.

Chinese investors fully commited and now owning 29.99% of the company. Break 1.95p resistance and then we should be off. Drilling to start soon @ Baileston.

Unless it’s me but they never seem to write straight forward RNS's. Anyway in amongst the info on the consideration shares there is a note about drilling expecting to start at the Baileston project during June. The exploration licence has now been formally transferred and no further permits are required.

See my earlier post to listen.

https://tinyurl.com/k4fn7qx

"Argentine authorities, industry players and unions are expected to sign this week a long awaited federal mining agreement that unifies existing legislation across the country, as part of an ongoing effort to jump-start investment in the sector" http://www.mining.com/argentina-pass-new-mining-law-week/

At full ask. Taken a while but we are now back to where we started this morning. Alot of the 1.85 sells recorded earlier were actually buys, mine being one of them!

So we have closed above 1.9 and bang on the 50dma. From a chart perspective looking very interesting now, plus chinese investor, plus news to come.

Yep the 1.82 are buys at the moment.

Another 50k paid plus the Chinese investor has added 10k to cover legal fees. Good news

Cheers Lotto. Looks like I am going to miss the fun. Travelling up north tomorrow for a mates 2nd wedding, deep sea fishing in the North Sea on Wed, Thursday wedding and Friday sore head. I see the Telegraph article mentions shortlist of 2no. gold projects. Road show well received by the investors. Significant value to be added here, not just 3 to 4p

Managed to sneak in a top up below 3p this morning. Decent rise and publicity via Telegraph and Vox Markets today.