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I was just thinking more about the 8-12km strike length? And whether in that context, 2000metres puts a decent enough dent into the project, or whether it will end up as another 'scratch the surface' bit of exploration from POW, necessitated more by its need to manage its budget across a number of projects, rather than doing what is needed to prove up a commercial discovery?
But yes, maybe I'm being overly critical here and I take the point that testing shallow depths.

Sounds encouraging, but its not and was never going to be share price moving RNS (as I said earlier). Simply because the market knows it could be a number of quarters before ECR actually undertakes drilling at this project, and requiring a fund raise. The only thing that I think will bring in some major buying right now is the RNS on CresWick drilling and/or stonking results at these next few holes at Blue Moon. But they are probably 4-8 weeks away?
Can someone point me to the Hurricane project RNS.

I think the biggest disappointment for me, is going to be not so much Molopo, where PJ/POW can't really control the outcome, but the paltry amount of drilling we are doing at our next 'go to project', which is Tati. Having waited so long for the next campaign, why are we then only going to be drilling 2000metres? And how does this match all the hype/ramping of Tati, and capitalise on the rising interest and price of gold?

Does ECR actually need to raise before the next drilling programme? The placing RNS is rather ambiguous (see below), but just wondering if AH has confirmed if they are fully funded for the upcoming drilling at CresWick?

Victoria assets:
Progress work on the Blue Moon project and other Bailieston assets. Progress work on the Creswick project following the results of the re-assay of diamond drill core announced recently.Commence initial studies at the Tambo project.
North Queensland assets:
Progress work on the Lolworth Project, where an extensive sampling campaign has recently been completed. Progress work at the Hurricane Project following the recent announcement of a conditional option to acquire 100% of Placer Gold, owner of the Hurricane Project located west of Cairns in the Hodgkinson Province, NE Queensland. And for general working capital.

Tamer - fair enough, valid points. I was maybe too quick to dismiss. The post wasn't aimed at you in particular but more generally about ECR. But thanks for your response.
Mentalmax - thanks, I will definitely check it out. I do need to catch up on ECR.

It's not great when you have to rely and base hopes on stream sediment samples. Since when have they ever moved a share price?

These next two holes are boom or bust for Blue Moon. They will probably not want to release them without having back up good news in case they are not great. Therefore, a sensible strategy would be to announce drilling at CresWick first, and then release these crucial Blue Moon results soon after that drilling starts? If they are great, then all good for onward momentum. If they are not great, then at least the prospect of good results at CresWick will cushion the blow.

The reason I said Q2 for the CresWick drilling, is because of the Next Steps that they need to complete beforehand (set out in my earlier post). I was wondering how long these Next Steps will actually take to complete?

I don't think there is going to be any newsflow any time soon on either Blue Moon (completing final drill holes and then it will be X months for results) or CresWick. I was hoping that they might start drilling in CresWick for Q1, but Q2 sounds more likely from reading the below from the recent RNS? What else is expected in the interim and which could generate some buying interest?

NEXT STEPS
The soil exploration methodology utilised on EL006184 has proved effective in identifying blind outcrops of gold mineralisation. The anomalies identified to date will provide the foundations for a drilling program this year. Permits are being currently drafted for submission to the regional government.
Additionally, the field team have been actively sampling and mapping insitu quartz veins from exposed features accessible within historic adits, pits and trenches within EL006184 and the newly granted tenement EL006713 adjoining to the south. Added to this, the Company is also targeting other potential prospects along the strike of the Dimocks Main Shale trend. The aim of this work is to evaluate veining widths where possible and to provide some guidance in regard to possible gold grades from historical workings. This work will also form a key part of the drill programme planning process. Further details of the planning process will be released in due course

Mentalmax - agreed! I also agree that GGP is a different proposition all together and on a different pathway, but I wonder whether its still a barometer for this sector nonetheless?

It will be interesting to see whether Stockbox will give him any more air time, or indeed whether he will want to do any media right now with all the criticisms, allegations and scrutiny? I doubt any funders are queuing up, and would doubt anything being said by GCAT at this time, which actually is very little right now! All imo

Sector sentiment also plays a big part. How is ECR doing when compared to it LSE junior gold peers?

It's underperforming against a strong POG (which tells its own story really). Having said, it's not the only one! Just not much incentive to buy, technical or fundamental at the moment, and its down to ECR to change that. All imo

IMO the way things are going, only newsflow is going to arrest a decline towards the previous low. The volume is simply not there at the moment to prevent it (against a background of placing overhang as well). It's been like this for several weeks.

Cora can't really move forward until it has a funding agreement in place, which BM has said is the next stage. It's now 2 months since the DFS, so you would think that if there is a revised Term Sheet being negotiated with Lionhead (and others), then we should expect to hear something soon. If there's no update by end of Q1, then it's hard to believe that the current situation in Mali isn't impacting on the funding deal imo.

Is this all from the OMJ newsletter Trek? In any case, it is arguable that there are parallels with events here!
I occasionally did wonder whether GCAT might have been setup as a share trading racket of some sorts, even to the point of doubting whether they really had 500 people employed at Kilimapesa mine, but then just dismissed this as being overly paranoid/overthinking it. It's anyone's guess what is actually really going on here and will happen next?
Let's see how events unfold here. They said FCA approval of Prospectus in February, so let's see. All imo and DYOR

SoG - I would be very interested to hear what your friend says. The advice will only be as good as the issues and information that are provided to the lawyer in the first place. I only mention that because there are so many potential issues, examples and questions to be covered here, that it is highly likely that different shareholders will focus on different aspects when they brief lawyers (more so if its informally done), and unless those lawyers are doing their own detailed review, a lot can/will be missed from the picture presented to them, resulting in wrong or incomplete advice. The other aspect is what good will FCA action achieve for existing or ex shareholders. We likely wouldn't get our money back, and so the focus would be on disqualifying individual BOD members from ever running a company? And would that be UK only?

At the moment, I think they have what appears to be the right strategy for this £900k, which is to get some more good holes out of the core Blue Moon deposit, which will then give some good news/momentum going into the CresWick drill programme, which hopefully will be no later than Q2? I really don't think they can kick start other projects with only £900k, and if they opt for those, that really is a bad sign re what they must think of their current flagship.
How far will £900k get them where ever they choose to drill. In fact, it might be far less than £900k because they are drilling at Blue Moon and obviously have running costs. But against this, they have their own Rig(s). I only mention this because I feel they really need to put a dent into CresWick (or where ever else they go), and that has to be through 1000s of metres of drilling. And for this, they might need to do another raise, before or during the drill? Moreover, would it be risky going into the next drilling programme or drilling results without one, because if they continue to produce crappy results, then it will be hard to attempt a placing from the floor. All imo

Rxdav- that is true but is itself driven by the newsflow of the company and when it lands. And for AIM stocks in particular, and buying and selling into them, it’s a critical part of the equation.

Gosh - if only the volume of buying/selling of shares, could match the volume of posting and arguing on here of late, we would already be at Blue Moon. It's getting pretty pointless arguing the toss here, as we all have our strong views on ECR and are unlikely to be swayed by others, so why so are we expending so much energy and posts arguing?
Even with the de-rampers who might be looking for lower entry. Whether they get that will not depend on arguments with them on here (which are pointless anyway because they are not looking for a genuine exchange of sincerely held views), but by whether/what/when ECR puts out its newsflow. I do feel like there's a lot of wasted time and energy going into arguing on here, and not much of it is really worth it?