Member Info for HarChris

This bb died when a handful of holders that could handle debate and challenge sold out.

Yeah it’s been delayed, no official timelines yet but would imagine instead of H2 it becomes Q1 2026.

Frustrating in such an environment but not existential.

Poor management maybe. Teething issues at the second jig plant although they don’t seem too problematic. Access to higher grade ore delayed until the courts decide on that…

Having said that tin is still far and away above the Uis AISC, the 100% rise in lithium price (vs 2025 low) is now bringing that part of the business back into the equation and adding huge value to whatever SQM discover at LR and the above (jig plant teething issues + court decision re Goantagab) hopefully will be all in Andrada’s favour soon.

This time we really might be a few months away from a totally different outlook.

Trevor, from about 13 minutes Nick answered your question from earlier about why the previous owners failed to take advantage of their Raglan asset… in the most diplomatic way possible.

Trevor, you might not be aware but until recently the gold price wasn't $4300/oz? The previous landowners probably didn't have a listed company to raise funds to make Raglan profitable in the past / deal with any issues they encountered, probably don't have a highly propitious operation within close proximity (BM) like ECR do to benefit from future economies of scale, probably didn't have experienced and respected mining professionals like Chris Gibbs to oversee successful operations. Perhaps the landowners are old and ready to retire and see half a million UK pounds as providing that retirement for them?

Hard to know if any one news event will be do it but ECR is a potential £50m+ mcap gold producer in the making so the more that’s seen to give proof of that the better. Completing this transaction and then rapidly progressing to revenue generation by late Jan will be a major derisking event, first tick in the box today with this news. Hopefully Blue Mountain licence applied for and Raglan transaction compete all before the month is out.

Tax free profits which are likely going to be a big old percentage of the current mcap - finally all coming together here at just the right time, love it!

Looking in at Trust Pilot, recent reviews have been impeccable at Nutricircle and Boop... can't be said for Discount Dragon though.

Gold at $4300/oz

Zero debt

Zero warrants

Modest number of options (~200m) exercisable at multiples of current SP

Production possibly commencing in ~4 weeks

Creswick JV progressing

Sizeable tax losses to offset future profits

Significantly strengthened board, Chris Gibbs is an impressive hire in particular.

Notable name (Perry Hothi) attached to Bitcoin treasury policy (may be of interest when BTC takes off next and ECR has cash from profits).

I think it's a steal at close to the 52 week low here.

I’ve been around long enough to have seen plenty of companies saved beyond my comprehension, that I had totally written off so I still sit here and think ‘never say never’ but it’s sure looking bleak right now. And I can’t for the life of me see how it’s worth holding at this stage, surely keep an eye on it and if a miracle happens jump back in if you get the chance?

I know the frustrated holders making accusations won’t believe this but like Boldicus I’d be happy to see a renegotiation sorted and shareholders saved, I really would, so here’s hoping for those that are seeing it right through to 31st December that you get a result. Would be quite the Christmas present.

Agreed about it not being the wow factor rns many of us were hoping for but steady as she goes and plenty more news on multiple fronts over the coming months within the current cash window. Hopefully 11am will be illuminating.

Nah we’re at the stage where management would take a less than perfect deal in the coming months vs waiting even longer for more data and raising on the open market again. I’m sure of that.

Commercial validation is essential within the current cashed up window and I’m confident they’ll achieve that as long as results tomorrow are as expected.

See y’all in the morning!

I've watched for a while without jumping in but the proposed financing is rather confusing to me. AI tells me this:

'The proposed funding involves warrant holders effectively providing capital to the company at an equivalent of 2p per post-consolidation share (based on the £0.02 exercise price for both prepaid and cash warrants, with the prepayment for prepaid warrants aligning to this rate when calculating the number of shares issuable).If the 12:1 share consolidation is approved at the general meeting on December 17, 2025, buying shares today at 2.3p pre-consolidation would equate to an effective cost of 27.6p per new post-consolidation share (since you'd need 12 pre-shares to receive 1 new share). This is many multiples higher—specifically, about 13.8 times the 2p rate at which warrant holders would be funding the company upon exercise. Note that this assumes the consolidation passes and doesn't account for potential market price adjustments post-resolution, dilution effects from the new shares (which could be substantial, up to hundreds of millions), or any other variables like transaction fees.'

Is this correct? If so how come the share price is holding up so well?

More or less yeah, $100k BTC equalling a full diluted share price of 53p is it assuming warrant cash is used to buy BTC?

If you factor in the sentiment that should return with BTC heading back to $100k I reckon we’d be more likely to see 75p if BTC breached $100k soon and hence could be talking almost 120% SP rise for what is a modest bitcoin target.

Highly favourable reward vs risk.

I agree Touk but the financial position would mean nothing if there wasn’t a great deal of confidence and belief in the science, Avacta would be barely worth the cash in the bank.

It’s the combination of strong finances, sound financial acumen and ever improving data that will see momentum and share price continuing to appreciate - therefore good news tomorrow will be a catalyst.

All accounted for in the calculations made in here and the SWC dashboard.

No excuses in early for me, I'm hoping for stellar results that leave no ambiguity.

Pleased to hear it Boldicus. Got to be agile and dynamic in a bull market otherwise the opportunities quickly slip by.

How is funding in place for the next 12 months? Surely will need to be looking for additional cash around June/July time?

I feel like my simple investment thesis two months ago is playing out rather well:

''Let's see that JORC upgrade to 350k+ with confident commentary of a later expansion to 1m oz, expect the £500k to convert above 1p as well as the 130m warrants executed at 1p. Will mean a future ~800m share count (+ £1.3m more cash for warrant execution) to go into debt funding talks with in 2026.

Even a 4p share price is just £32m mcap against a high grade low cost project likely to generate around $1.3B revenue (split 50/50). Loads of upside to come I think.''