Member Info for jwoz

Cyg - call me a foolish dreamer but ive opted for stance of very good news a while back and am eagerly waiting.

Ive been thinking about the chain of events that the team and CB have to try and “domino rally” plan just as soon as it all comes out, inc navigating the media, telling the story, having the answers to the millions of questions and tempering the external noise.

I think thats a big part of ongoings behind this silence - CB deciding what is the most seamless and eloquent flow of news to create the smoothest transition for the company - which is inevitably about to gear shift in size, opportunity and level of interest

On more than one hole it refers to the most significant copper mineralisation between 500 and 800 metres from what i recall

The direction and angles of the holes were all testing different strikes as youd expect - and therefore a range of mineralisation makes sense with differing points at which the most significant occurs.. all the way up to the c1000m mark on most holes, and starting from as early as 75m. All in different directions .

Theres been lots of guesswork around the shape of whats been drilled and i think iceberg came closest with his blog from memory

There is a degree of measured assumption here ….. but its also stated in RNS wording that there were instances of significant copper well below 500m up to900

however with the angles its incredibly hard to know what straight line/vertical depth that is - if thats what you mean?

Definitely nothing to worry about though i dont think.

Ill close by saying this… why would a team of hardened industry professionals have raised more money to ship in rigs that can dig even deeper to 1.5k and add even more experts to their team, if there is any chance of minimal mineralisation below 500m??

It really is quite simple…
There are thousands and thousands of metres worth of assays waiting to be released.. collected by two JV partners who are paying for their own privilege.

These assay will reveal a Gold rich, poly metallic, VMS - which is already known. The size and scale is already, and will be, significant (see the perhaps ill times elephant country comment)

Investors are going through a period of reassessment as its not just a gold play . Traders are off chasing rainbows. As such the stock has become illiquid and that has caused price drift/suppression

At some point soon more assays will arrive
They will be telling and positive
The share will gain liquidity
Sun will shine on OMi from a SP perspective
And it will climb back up to 30, 40, 50 and beyond over time

The fundamentals are better, not worse.

This first drill campaign was cited as the ‘weaker site but easier to access and drill’

Well, the “weaker site” became a large VMS

Think about it.
Obvs all make your own call and read up but this price worries me not a jot. I just buy more and wish i had more available funds.

Considering ufo hasnt responded at all to the silver price rise (yet) even tho we know how aligned they are…. And the Iron Ore reality still isnt showing in the share price (yet) even though we know alot already and the rest of the majority of assays are due by end of May

The next couple of weeks really should be VERY interesting

Gixx - if in need of therapy one thing i can recommend having done it recently is to re-read every non-PME RNS from December 2020 onwards

Take your time. Its prob easier done on the Xtract website

Tells a beautiful story of something fabulous that will happen in 2021. All fact based too which is far better to spend time upon than speculation, assumption and hyperbole.

Happy saturday

If you want exposure to all TIR is an option. Investment vehicle round the back of CB portfolio, holding stock in Galileo, Xtract and here, and with a l’il copper side-ting of its own that they are seemingly thinking about spinning out under separate IPO

Gets very little attention though and rarely trades so its not an obvious one

Colins on the board, obvs

All these loveky helpful and freely available bank metal “forecasts” are sewn with agenda and disingenuous motive. Adding them all up and dividing by collective is an option but still likely only marginally trustworthy.

Id take an opinion on copper from Birdy long before JP Morgan.

But its each to own.

I must start by saying i dont work for XTR and am not an insider nor a true expert...... but

I have never been more confident that a share price drift is purely to do with iliquidity, impatience and allowing cheap II entry. All of which are understandable and have no bearing on the fundamental situation.

I've also never been more confident on a share I hold being about to explode on a consistent ride north.... somewhere between imminently, shortly and (perhaps) soon. Have been nervous and frustrated before, anxious for results. wondering 'IF'. i find myself, dare I say, purely thinking about 'WHEN'.

i really hope I'm right for every holder here.

One last comment Jack, before others tell us to get a room. My 8.32 comment was ahead of me seeing anything from you today.
I wasnt having a pop at you personally nor had i seen your apology. I did applaud pauls redirection. I do also stand behind the ‘ticker in the title’ comment, which ive thought many times. I personally think that could have been avoided whilst still inviting you peers into the discussion u intended to have. Saving the cross-ramp interpretation.

Its all personal opinion though and no malice intended.

Think we know where we stand now. Will continue to enjoy reading your insights and chatting sporadically.

no worries sir. Very odd indeed your note from 7.28 wasn't showing when I posted my 8.15 reply. I wouldn't have penned it had I seen, as it makes little sense me saying that after your note. all good though. We invest in the same companies and as such clearly agree on many things, including the fact the Mr Brown here has some making up to do with the buyers of his companies equity. its doable though. Be interesting to see if the result of the headhunting you rightfully highlight will see one of your investments benefit from the others loss.

back to ECR.... there are now two sites being ransacked for the good golden stuff. will definitely make news more frequent and help answer some of the questions re how quickly we get back north on the SP. I remain positive.

Hear Hear. If only you could amend a thread title mid "battle"....
I wouldn't dream of sticking another stock ticker as a headline on a chat on the wrong board.... although manners often don't get you far on BB's
Well played though. there'll be more from ECR next week news wise too I suspect so this board should start to fizz with the right kind of froth.

To answer on criticism/credibility (in case bills comment was at me). I dont post often here (or anywhere really) but ….Am a holder, a medium-ish term KOD sufferer and enthusiast. Since the random rise and speeding ticket RNS of April/May time last year. Have been in, out, in again, out again, have enjoyed the past few weeks / months and missed the last rise and fall but had a few and added more from .12 all the way up here

Am just observing a pattern of behaviour of a couple of measures and pondering /interested to see what happens next… having watched other similar situations.

If we hold vol and liquidity we are ok. I agree with and want for that.

agree with you in that the volume today isn't to be sniffed at and if it holds (around 2k trades and 1bn+ moved) then that would do nicely. something to watch, as the day change is striking

Trade volume drop today of over 60%. Fair warning of a shift backward in liquidity and almost certainly traders having moved on. Significant reduction in chat volume too.

Doesn't have to mean that share price will drop, as fundamentals are identical. But it is not something to ignore.
If tomorrow sees another significant drop in both items again (as daft as the chat volume is) its unlikely price can possibly hold without news to improve the fundamental position.

is ongoing in the Historic Reserve #3 (HR3) area of the Bailieston project using ECR’s own diamond drill rig. Assay results from the first four holes (BH3DD001 to 4) were announced on 20 April 2021. Assay results and final geological interpretations are currently awaited in respect of four further holes (BH3DD005 to 8).

Hole BH3DD005 has targeted the Maori Reef, and holes BH3DD006 and 7 have targeted a hypothesised central anticline (as discussed in the Company’s announcement dated 20 April 2021). Hole BH3DD006 was also drilled to test the Dan Genders Reef. Initial geological interpretation of holes BH3DD005, 6 and 7 indicates that the hypothesised central anticline does exist and represents a favourable target for hosting gold mineralisation such as limb-thrust type vein systems.

SOIL SAMPLING

MGA has received the results from laboratory analysis of 229 soil samples taken across the central and eastern part of the HR3 area. These results are currently being plotted and analysed in comparison with results from portable X-Ray Fluorescence (“XRF”) analysis. The laboratory results include gold values up to 3.75 parts per million (equivalent to grams per tonne). The results will help identify potential extensions of and potential undiscovered veins running parallel to known reef systems and further updates will be provided in due course as appropriate.

EXPLORATION UPDATE – VICTORIA GOLDFIELDS AUSTRALIA

COMMENCEMENT OF DRILLING AT CRESWICK GOLD PROJECT AND
BAILIESTON GOLD PROJECT PROGRESS UPDATE

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, is pleased to provide an exploration update for shareholders covering drilling and related activities underway across the Bailieston and Creswick gold exploration projects.

Both projects are located in the Victoria Goldfields, Australia and are 100%-owned by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).

Craig Brown, Chief Executive Officer, commented:

“We are pleased to now have drilling underway at two gold projects in the Victoria Goldfields, and we look forward to updating the market with assay results in due course.

Our drilling at Bailieston continues successfully using our in-house diamond drill rig and we look forward to assay results of recent holes, particularly following the initial geological review of the drill core. Additionally, soil sampling from the HR3 area (see below) has identified very high gold grades in soils, further supporting the geological modelling and drill targeting.

With our strong cash position we have been able to expand drilling operations and have now commenced drilling at Creswick using external contractors. We are very excited by the potential scale of the opportunity at Creswick and a larger scale drill programme at the project is something we have been eager to undertake.

We look forward to providing further updates in due course.”

COMMENCEMENT OF DRILLING AT CRESWICK GOLD PROJECT

In 2019 exploration drilling was undertaken at Creswick targeting gold mineralisation associated with quartz veins hosted in the Dimocks Main Shale (DMS).

The DMS is the hard-rock source of much alluvial and deep lead gold, with historical alluvial and deep lead production estimated at up to 2.5 million ounces in the Creswick/Berry lead system, and up to 11 million ounces in the entire Ballarat area, of which the DMS is a significant contributor.

A 2019 drill programme conducted by the Company tested circa 300 metres of the DMS trend, which extends over approximately 15 kilometres, 7 kilometres of which is covered by MGA’s granted exploration licence and two exploration licence applications.

MGA has engaged a contractor for a minimum of 1,200 metres of diamond drilling at Creswick, and the first drill hole in this programme is now underway. It is planned to drill around 10 holes from drill sites located on State Forest land within exploration licence EL006184.

The drill sites for the current programme are approximately 2.2 km south along the DMS-trend from those used in MGA’s previous drilling programme at Creswick in 2019, individual samples from which returned assays as high as 80.97 g/t gold over one metre (announced on 5 November 2019).

PROGRESS AT BAILIESTON GOLD PROJECT

As previously announced, drilling is

5k trades looks like itll go before 4pm
If BA is clever he’ll drop an update afterhours or first thing to create a marker and (hopefully) base around here; to almost guarantee that next leg up.

Even without itll be interesting to see tomorrows vol

looking at the last few days trading behaviour in the pm and the noise stateside.... it doesn't seem like America are done with their buying so any sells should quickly get caught... and those selling could well have mistimed by a day or two with their top slice.

this had a volume of over 1.5k trades by 9.30 this morning and this afternoon will prob see it pass 5k. seems strange to think that would be a day where it ends down given the circumstances surrounding

guess we will see

As i see it there are a few factors at play.
1- the 3D modelling. The more I read on this the more significant a moment in time this is likely to be for Xtract.
2 - the combination of the results for 2,3,5,6 and how to tell the story of what that confirms of the first location/phase
3 - the likely institutional interest, esp surrounding the placing
4 - the plan for the phase 2 drilling and having clarity on when happens next
5 - the Anglo interest - I cant imagine Anglo haven't so much as been in touch given how public this who phase 1 campaign went with its success and how many public name drops CB gave

I think the next RNS or two could be absolutely explosive (see whats happening at KOD right now and for the past 6 days or what happened to XTR in Jan or UFO/OMI last October) and CB is probably trying to orchestrate/architect the release of news.

reality is that II's need to be kept happy as they are in for the longest haul. Appeasing the whims of short term traders or PI's who own, by comparison, fractions - are lesser issues unfortunately for us but its fully understandable.

This is a serious inflection point for Xtract as they become a different beast; and CB has to get it right. He has done it before, we know, so we are in safe hands. But timelines will be somewhat fluid whilst the jigsaw is compiled.

that's my take at least

I think BCB was name dropping 5 others... whilst stating the strength of opp here in OMI. least that's how I read it and knowing his posting/wandering around this site it makes sense.