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My bet is that this money is going to be used in connection with the forthcoming RNS… part of the bigger picture.
This reminds me of the rise from 0.7 - that was all based on the prospect of a JV. Currently 86% down on my holding. Went all in on ECR sold all my FTSE stocks the lot. There was something about this share. Primarily the location of Creswick… any business can make it or break it with the right or wrong decisions. I do believe that the current BOD have what it takes to make it happen. They will make serious money on this and good on them. It is a shame we have all had to wait so long for things to get on track. Personally the comments of doing 100 percent in a day plus is totally realistic and likely in my view. All it will take is for some serious investors to pile in and away we go. If we do a get a JV and I think we will just a question of time it will be down to the quality of the deal. Selling the tax losses could possibly not be the right thing to do… if we could do it without losing that benefit then all the better. As ultimately we have far more to gain by keeping that in our back pocket. As Nick said he could see ECR as a producer and so do I, i always have done as that is where the big money would be made. Let’s see where this takes us but on the right news and momentum i could see this easily going to 2p in a short time scale. GLA
Well it’s been a while but i am still here as a LTH - 90 percent down. Have not averaged down since AH took the reins (less said about that the better)! I think we have a good chance to get back up there. The fundamentals have not changed - the gold is there. In my view the simple fact of the matter is the path we are on now is what we should have been ages ago. Drilling and doing large bulk samples is something they said about ages ago but they never did it. They knew the gold was spread out such is the nature of Creswick. Seriously don’t understand the logic of the previous players - yes understand geology etc etc but has that really helped us. If we had 40g/ton back then we would probably have a JV now. Those who buy in now stand to make a good profit. Us LTH still have a real possibility to get out money back and a profit. GLA (it’s about time). Ps 135i hope your still around bud and have hanged in there for the roughest ride ever :)
Time is the most valuable asset we have right now. ECR need to continue proving up the resources so that we have the real picture as to what value can be assigned to our licenses. It’s a painful wait for a lot of us who are locked in and refuse to sell. It is just senseless to sell even though there is a risk to us dropping further. Overall market conditions are not favourable and this is only likely to get worse in my opinion. It’s a tricky one - I hardly look at the board anymore or my holding. Still have the faith in the company and what they are trying to achieve. It is quite likely that a JV will happen the question is when and the answer to that is when we have proven a viable resource. We just need some positive news in a series of RNS and the ship will turn but the growth we all want will be on the JV and in my view this is t going to happen until 2023. GLA and keep the faith remember that patience and persistence are the two most important aspect to success.
Something to cheer us all up:
https://m.youtube.com/watch?v=dhkabU_SYjM
Who knows maybe we will strike it lucky :)
I also stated “on a side note” :)
Correct but bitcoin has said he is in the know re insider knowledge that is what I was referring to.
Well what he is saying is correct about the market at the moment there is without a doubt less risk money at play. The big thing for me that I took from that is that they are going to expand their options ie don’t fall in love with it. It could be this increases our chances as to making a BIG discovery and perhaps Queensland is it. Makes me question about the current drilling and for me this does seem far less than certain as to us achieving the 3 gold mines as pushed by CB. Christ as it stands I would be happy with 1! 42 percent down on my holding. No choice but to hold but 1p for sure is a good entry point for new investors to make a return. Just have to wait and see what happens no choice but to. On a side note I hope bitcoin is right re the current focus!
I dedicate this song to loch Anders
https://m.youtube.com/watch?v=9n3A_-HRFfc
:)
Bit of a joke re his comment about LTH’s - what choice do we have but to hold the alternative is to take a loss and who is up for that :)… either way can’t have long to wait now to find out how much wool is on our back.
Don’t use twitter so if you could pass that on would appreciate it. Cheers.
Gino - tell Andrew this:
The question we all want to know the answer to relates to the potential JV or multiple JV’s that were raised in previous interviews with CB. Please confirm that these discussions are still active and that there is a likelihood that the deal or deals will come to fruition.
That’s it really is it not? That’s what drive the share price to 4p in the past. We need to know if that is a dead duck or we are still in the running.
Thoughts?
Well people looks like we are heading for a s**t storm judging by the wider market is reacting. Always was meant to happen as the gov has delayed the impact from COVID and with the UKRAINE situation it just adds to it. Surprising to see some of the losses on the FTSE. Considering what is happening a drop can be expected but I do think we are holding up well. Gold will become more valuable in a recession so we can expect more money to flow this way. I wonder what the revelations will be when we do finally get the interview. My personal view is I like the look of this chap - plus the credentials give me confidence. Just need to grit our teeth and keep holding on for the ride. TBH never expected us to be at this price again but hey ho - only a loss if you sell :)
Also to add two additional points;
1) tax benefits to offset our losses (very favourable in Australia for mining companies)
2) Phillipines operation and our stake in that which could be our bonus surprise
In my view I think we are close to a big move here. To drill where they found that nugget and get the highest result so far is a big positive. As we all know they have been mapping the system they have not been going for the high grades. I do think with the RC drilling we can expect some strong results due to the core size. This is the level I originally expanded my holding before the rise to 4p and I am seriously considering expanding it further. To get to the previous high it would be a multi-bag and I do think it is achievable and more. Also with the new CEO this is someone who has been there and done it. If he didn’t see the potential in this he wouldn’t want to be part of the game. Same goes with Andrew Scott on the PR front. There is something big coming hence the reason for Andrew Scott’s appointment. If bitcoin really is in the know and he has some inside knowledge then I would be inclined to agree with him. Just like a game of chess the pieces are in play for check mate:
1) CEO been there and done it as per his predecessor CB RIP
2) Licenses in an area that has been proven to deliver re existing gold mines nearby
3) Property which we own to do as we wish with
4) PR guru to push the news once it is released. If we didn’t have anything worth shouting about then why go to this level
5) The gold is there and has been proven we need to further expand our knowledge so that we can estimate the total resource
6) The elusive JV - the fact of the matter is that there are offers as it would be a breach of their duties to not tell the truth. The issue is with the deal and the percent which would go ECR’s way. It is my belief that the extent of the pace of the drilling campaign, property purchases, own drill rigs and more is to secure more favourable terms. This is the way to get a bigger and better deal.
7) the recent notifications as to shareholdings in the company ie two players who have significant resources who are willing to bet big. Why? No one goes in at that level unless they know something big is going to happen.
I have reflected upon the weekend of posts and it is a shame it went that way. I’m my view thinking back to when I first invested this is a different beast. The rise in the past was on the potential of a JV in the main it was not about the fundamentals. Without question the fundamentals are much stronger now. My gut is telling me we don’t have long to go on this and the recent results are the first step towards our recovery.
Those are my thoughts after some careful consideration… to be or not to be - that my friends is the question. GLA
This is getting to be boring - as we are all adults I suggest that we act like adults and stop the name calling and leave it as we agree to disagree! :) I suggest everyone apologises for their bad behaviour so we can all be friends :) this board used to be such a nicer place to voice one’s opinions.
Well? :)
Well bitcoin… let’s see if you are right :)
Loch I agree with you in what you state as that is what has happened. There are people on this board who ramp for their own benefit. They are traders and not like us LTHs. One of them admitted that they are buying and selling the dips continually. I remember well the posts where they state another 250k for me etc. you know who I am talking about :). But fair play to them that’s how they make their money. You are more genuine in that there are no smoke and mirrors with you, you call it as you see it. I have not always agreed but to date you are the one who has been proven right as to SP not me. But I still believe it will come good i would not be here otherwise. Time will tell. I will always call you loch as in my mind you are loch and not Melville so apologies if you took my message in the wrong way.
Also you yourself declared you sold out after the drop so that was not me speculating. Anyhow I think you are genuine in your views. Chill my man :)