Adam Jones may be a good geologist but he has failed to impress me during his zoom calls or presentations. In some respect I don't care, I don't need him to be that when we have AH.
In Adams defence, he is a geologist and will more often than not get excited by what he sees in the ground, and because such, over-estimates how well the market will respond to his excitement.
I have commented previously how I think Adam should be kept out the limelight and kept doing with what he does best....the geology.
I equally understand that you can only p!$$ with the appendage you have and when you have narrow veins and low grade for 95% of your drills, it's never going to make headlines.
I go as far as to say that ECR shouldn't release individual holes unless they are bonanza. Instead focus on producing a 3D model as a project so people can actually understand what ECR have, or may not have, as far as Bailieston is materialising.
We had a period of complete incompetence and thankfully it appears that chapter is closed
I would certainly like to see 1 of the rigs contracted out to bring in some much needed revenue.
I'd only like to see both rigs turning if we secure a cashburn runway for the year ahead WITHOUT dilution of shares.
All I can say is what is seen in the image....
.....the first image appears to show a golden "nugget" or picker in the pan....
.....the second image appears to show a collection of golden "nuggets" on scales reading what appears to be 5g+
....the final image appears to show a larger "nugget" in relation to a coin for scale.
This is similar marketing with historic "nuggety gold" as found in Creswick.
I cannot confirm if this came from one pan or a serious of pans, but it is clearly shown in the Lolworth project display.
Whatever way you dress it, there is considerable gold......all we can do is wait for the official returns. Its certainly perked my ears about Queensland
Domt follpw a stampede and always bank profits......dont be like this fella:
Buy:
11:21:31 0.72 686,750 Buy* 4,945
Sell:
12:48:27 0.5125 686,750 Sell* 3,520
Not a good day at the office for that callsign
£1500 in an hour and a half is a sore one
There will definitely be movement north from here.....just todays news wasn't it....pump and dump news
Give it a few weeks and stone park buzz will kick in
Tacet
U must of just joined the party.....called this a while ago sir......thanks for input though :)
Sadly think it's the pump and dump crew this time :(
Let's see where we level out
As soon as the 0.65p falls it looks like a one way ticket up there tbh
Low volume in circulation and the only thing holding this down is the upper bollinger band.....bit more volume and this explodes
To be fair Auc we don't have 5.1MT of Zinc.....think I've said this before to you...
We have 5.1MT of pay dirt that contains up to 8.7% Zinc and 2.6% Lead.....
No point pumping the wrong figures when they are so good already
Incase you missed it:
https://twitter.com/gino_lse/status/1595707663039561729?t=WQ_ihIjvbwDcrfuK7DKULw&s=19
Hopefully this can help, ive been as balamced as possible
Positives:
1. Potential joint ventures in Creswick Victoria
2. Potential joint ventures in Baillieston Victoria
3. Gold Hits in all of our current tenements (with exception of Tambo, which is almost virgin ground)
4. Potential JORC resource at recently acquired rights at Hurricane project Queensland
5. Approx £1.5M in the bank
6. Potential asset sale of our 70% Share of project in Philippines
7. 2% royalty in Argentina up to £2M
8. Soon to be 2 fully owned drill rigs.
9. Positive ground works Lolworth Queensland
10. Several hundreds of assays pending results across all projects.
11. Pending applications on Several licences across Victoria
12. All warrants have been exercised and /or expired.
13. Arguably one of the best teams, technically and educationally, we could have amongst our peers.
Negatives.
1. Gold Strikes across all Victoria assets are narrow widths. Majority low grade, but some very high-grade. Not necessarily commercially viable.....pending further drills
2. Victoria JVs subject to licence approvals (or so the breadcrumbs lead) and Victoria government are very slow at issuing.
3. Assay results are regularly delayed due to limited lab throughput
4. Cash burn appears to be close to £1.2M per year (based on cigarette packet maths)
5. There appears to be some dead wood in the board taking money and options with not much return (that we can see)
6. Alot of paid for ramping since actual results are limited.
7. A feeling that the PR is promising more than it can deliver (granted based on external factors) but has bit us in the backside previous years.
Overall more reasons to be cheerful but certainly seeing some pieces of history revisted and should be monitored closely
TS, they called me out, not the other way about.....I just made my point
I've said it countless times the same as you just have, but people are allowed to post on here whatever they like.....shouldnt have their positions questioned because another poster(s) doesn't like it, trying to invalidate their posts, based on positions.
As far as the share issue goes £30k odd, is nothing really in the grand scheme of things, but we don't know the reasoning behind it.....for every ying there is a yang and tbh goes directly against what the board have said.
What next?? Oh a £100K issue....."its fine its just a little one".....no its a principle, they said no and do it. It doesn't paint a nice picture and is exactly what happened previously as you said
All we have to do is look at the 10 year trend here.....time the board just let results do the talking
Yeah, I expected that response.....another one calling out folks position and then getting clamped when it's proven to be a bigger play than their own.
You focus own your own investment, I'll focus on mine Superwoofer. as long as this board is free to post on, I will do so, positive or negative......your permission or agreement isn't a prerequisite.
Now that being said, there are plenty reason to be positive, the board just need to start doing instead of saying
Nah I'll stay til I get my money back thanks all the same......uve been here two mins get and probably have a grand invested, so back in your box
For those of you who have access to the order book feel free look at 1.7p
With regards to bashing the company, ask yourselves why the directors have put themselves in a position where a shareholder can bash then?
I just want the board to stop writing cheques their bodies can't cash. Stop ramping like crazy, start being a little less brave with timescales that they aren't in control of.....oh and maybe not do share issues to pay for contractors, when you said you have no plans to issue shares. If its "only £60K" pay for it and let them invest in the market like us peasants have to
FTAO superwopfer (whoever thos jonny come lately is) and any other questioning my position
Here it is here.....£40K invested by me, the same as it was before when every to dock and Harry started the same chat:
https://ibb.co/Jjtj1dF
To all of the doubters, sit on your balls like good dogs
My negative views are created by the company, end of story