Member Info for luckyorange

Whatever %'s may be he said in the one interview that the drills are about one third of the price of other manufacturers that do a similar job , may be a bit of poetic licence on the price but he has probably seen that there are better than average margins to be made.
It's a bolt on business hopefully low cost.

Well , he will soon have three demonstrators on the go full time cash sole distributor basis nothing less eh? Shed won't be for drills just supplies and repairs/servicing he said :-0
Calm down now still a bit of work to do on the site as it is direct copy from Cortech (maybe they are organising it) but it does need some grammar changes for the Aussie market and a bit of 'it's a ripper' in there too!

Love it when a PI picks up some evidence that the company has been hiding but anything in the public domain is fair game.

Quite a few veins have been picked up outside the DMS (4 mins) almost completed Bailieston as far as soil sampling is concerned. We've still got a lot more work to do over at Creswick , so that's what we are working on at the moment.
everywhere we go we find gold (4.42) You can hardly find an area to peg in the entire state of Victoria.
Do some sterilisation work at Nagambie and put a RAB ( Rotary Air Blast which they are buying) rig on to drill the first 100 mtrs to check for gold on site of possible foundations to make sure there is not a goldmine underneath it . ............ foundations for what?............. (buildings or waste pile) accomodation , site office , cooking facilities (sounds similar to sebastian.)
Creswick from 8mins 30. RC drilling will hopefully produce a resource (Creswick) (250mtrs a day if all goes well)
17 mins , we do hope to release some drilling results very soon.
Sufficient funding for quite a long time to go , Creswick would prefer to go it alone rather than a JV .

https://www.youtube.com/watch?v=UOysPNqEP8o

I gave them the link cash and credited you with it of course , that will ruin Craigs weekend ;-)

When they are building these websites LW they are sometimes inadvertently accessible on the web before they are completed (an oversight by someone) .
Anyway if it is kosher they will be an agent for Cortech by the looks of it , in some ways why not considering they will have three different drills in operation.

What was the extra drill he was talking about there and why?

Remember my previous question on reading this in the RNS ?
"drilling supplies warehouse and mechanical workshop on the land"
So long as it is funded by cortech that is fine but gold and antimony first eh.

I hope it's real as that will explain the bungalow and his comments that they have other things in progress to make some money .
Chinese supplier to stump up cash for the buidings maybe ?
Anyway it is an obvious gap in the market in Oz that is being explored and something that myself and others have touched upon in the past (AG was one I remember) , anyway if it does happen it is a natural evolution at minimal cost .

Well done for spotting it cash , there are two things they can do now , one is to take it down and the other is to own up.
If it is real then it may jeopardise the deal that they have done with the Chinese supplier , up to Craig now which route he takes.

Company Number 13521735
Company Name MIDAS DRILLING EQUIPMENT & SUPPLIES LIMITED
Registered Address Unit 119 81-83 Fulham High Street
Fulham Green
London
SW6 3JA
United Kingdom
Company Category Private Limited Company
Company Status Active
Origin Country United Kingdom
Incorporation Date 2021-07-20 https://opengovuk.com/company/13521735
BROWN, Craig William
Director (Active) 20 July 2021 Company Director Unit 119, 81-83 Fulham High Street, Fulham Green, London, United Kingdom, SW6 3JA

http://midasdrillingequipment.com/

"
Midas Drilling Equipment & Supplies Limited (“MIDAS”) is a 100% owned subsidiary of ECR Minerals PLC, a mineral exploration and development company incorporated in England & Wales focused on exploration for gold in Australia.

MIDAS aims to maintain its customers satisfaction while providing high quality hydraulic rigs and equipment to the drilling industry worldwide."
Either a scam by someone wanting to drive up the value of the shares, or a genuine site being constructed, which is it?

I think there are nearby areas that are full of the stuff but tsingshan wanted to dig it out of a National Park area and were refused after locals kicked up a fuss.

Yep , until it is dug up right to the last lump they can only guess at the quantity based on their drilling and sampling glandore , have a look at the table in the presentation and that should clear it up for you https://contango-holdings-plc.co.uk/wp-content/uploads/2021/02/CONTANGO-_-121-Mining-Investment.pdf

And some buy sneaky million shares on the bell max .

Not lifestyle , if he has been consistent of anything over the last couple of years it is that he wants to get two mines in production if you look at the presentation it says 'Focused on delivering the next multi-million ounce gold reserve' 'ongoing shareholder value' .
As an entrepreneur (which he is) you can see him rolling the ounce value in the ground off his tongue like it's second nature. His previous experience tells him what needs to be done and how to progress it like with the drills he has been in a company that has used them before .
Having used them he knows the quality is good and they are about a third of the price of equivalent ones from elsewhere.

In reality he wants what we want , hitting good gold (and antimony?) grades in high quantities , why wouldn't he?

Who said £100bn+ that is just a crazy no. where did you get that Bridgedogg?
You will not get any clarity on the offtake negotiations until they are done and dusted , it is inside information but I would hope that they will come to a conclusion shortly.
If CGO are getting ****ed around by the Chinese then they should do the walk away and offer it elsewhere.

It's a bloody hard market all around today fair do's , if GGP ain't cutting it then ECR just about holding its ground is OK.
At least antimony is in play as well now so it isn't gold binary.

Not what it says in the EEE RNS Snip , they are waiting for the assay results lol.

It's his job to come in and call it down messi but the board isn't busy enough , needs to do it on twitter really .

Everywhere they drill there is gold in the ground max , in some ways it is fairly easy to find in Victoria it seems .
There are many many positives going forward and as many have said it is gold in the ground that matters.