Member Info for luckyorange

Just makes good business sense lokan , wouldn't be linked to the grades and it is an asset on the books regardless of what happens .

It doesn't need news it just needs to churn through the 30% rise and then off it will go again , news makes no difference it is quite simply dependent on sellers and buyers , when sellers are out and there are only buyers left then mm's will push the price up , I have seen many shares go down on good news and alternatively go up on what I think is bad news.

Berenberg are master manipulators as mm's , watch what they do in any share they are in . I don't know if there is still an iceberg sell left but it is being held back by something at present but when the dam breaks , and they usually do, then off it goes to find the next level.

Novum I suspect Torreauas they have made a killing out of PI's and ECR

He keeps getting asked about them in interviews so has to provide an answer TP1, in an ideal world I'm sure that he wants what you want ;-)

Queensland wasn't included in the research note (not applied for when written) which is another 900 km2 .

Call it 2000 km2 , finger in the air gives a range of 8 - 20p a share.

I rate the Queensland tenements , full of alluvial gold washing down into the river and very underexplored , maybe they will get there next year but the cost of the licence will be around £50 k for the whole 900 and resale value once completed would value it in the couple of millions .

Alternatives need to be in place first

LONDON — Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least liked commodity.

Australian thermal coal at Newcastle Port, the benchmark for the vast Asian market, has climbed 106% this year to more than $166 per metric ton, according to the latest weekly assessment by commodity price provider Argus.

The Newcastle weekly index, which stood at a 2020 low of $46.18 in early September, now appears to be closing in on an all-time high of $195.20 from July 2008. Its South African equivalent, the Richards Bay index, ended the week through to Aug. 13 at $137.06 per metric ton, up more than 55% this year. https://www.cnbc.com/2021/08/19/coal-prices-the-worlds-least-liked-commodity-sees-remarkable-rally.html

A reminder of the research note valuation , the spelling mistake is theirs.

'These companies have a range of market values per km2 of £2,276 to £91,804, with an average of
£36,929. ECR currently trades on a market value per km2 of just £19,717. Appling the peer group
average to ECR’s licence holding of 1,143km2
, gives us our valuation of ECR, £42.2m or
4.7p/share. Applying the upper end of the range would give ECR a valuation of £104.9m or
11.7p/share, which could be considered an upside valuation. While applying the lower end of the
range would give ECR a valuation of £2.6m or 0.3p/share, which could be considered a downside
valuation should the company fail to make a significant discovery'

Oh 'eck

How quickly people forget that this was much higher than 2p with less on the table pre covid , whilst it has been below 2p the bearish comments have dominated/ continue and yet it is much better value now with all of the developments.
Some will say yeah but it needs to hit gold (it has but being ignored , Adam has explained and he should know!) .
Did they hit gold on this drill as well ? Similar views to the 16 acres https://twitter.com/ecrminerals/status/1414507703007948801

Chart is on a holding pattern barwick and unreadable in that way . On the fundamental side and the fact that they have said they will update the market there is a chance that either the gold or coking coal will be updated this week as q4 is in sight.

This week?

If you don't like charts don't look.
I like to focus on fundamentals and use the charts to see where it is likely to take us , I use indicators because it is my particular style and believe I know how to read them (it has taken a good few years).
With the fundamentals (other than the obvious) there is some point where you need to listen to and believe what the CEO is telling you , look for little clues in twitter/other media (they are there you just need to recognise them).
If you don't believe the ceo .. ever.... then there is no point in being in a share.
Anyway , chart here https://twitter.com/luckyorange1812/status/1434427090997284864 and don't mind criticism /other views at all .

well worth reading this email and should resonate with some on all shares .

https://twitter.com/TrungTPhan/status/1433992813444669445 A 2013 Elon email to employees on why he wants to keep SpaceX private

Not concerned about differing opinions Paul , just that people /pi's using negativity on this board to trade the share and blow hot and cold depending upon whether they have sold some to buy back .
Everything that ECR does in a positive way seems to be wrangled into a negative outlook where possible , I am listening to the company and what Adam Jones says as well as Craig .
Ballarat , a successful gold mine operates profitably on mining the chutes and yet posters on here give it no creditability , I do find it slightly odd but not so much considering that it has become clear that a lot on here are trading it.

I have no problem with people trading a share but I do have a problem with disingenuous posters calling it up or down to suit their trading position .

I haven't seen any positive buzz that's for sure .
To infer is to reach a conclusion reached on the basis of evidence and reasoning i.e. inferred resource , I don't know if you noticed but they didn't buy the property until after they had taken the soil samples , maybe that didn't matter but it is amusing.
It's not people on here it is the geologist and the ceo that have been talking about the gold mine and ecr is undervalued , if you strip away the fact that it is a ceo's job to talk it up Adam has backed it up as the head geologist more than once although his favourite was Bailieston initially he thinks that Creswick is becoming the 'jewel in the crown' .

I don't know whether you are managing your own expectations or whether your investment is neither here nor there but in purchasing that property ECR have cut short the time it will take to move to a working mine and will also have pricked up the ears of the potential jv partners who will understand the chute or 'shoot' principle of high grade finds that Ballarat operate with .
Let's see what happens over the next few months , I think you will be surprised , they are on a mission .

What assumptions and inferences HH?
Not a narrative is it , they are putting the work in and doing all they can for it to succeed and the property purchase spot on with a smattering of luck being in the right spot at the right time.
Have you sold some again ?

With time Pippi the purchase of the land has turned it into a matter of when not if they will put in the decline, I may listen to his comment again about the mining licence but as Alan Green reminded the infrastructure is all in place and shortly the new drill will arrive as it is being shipped .
ECR are totally in control of their destiny in that respect and whether it will have some sway on whether they get the rest of the licence on the DMS is yet to be seen but they seem to have set everything up to show that it is a professional operation that intends to mine.
I have gone from they won't give ECR the licence to why wouldn't they as it would be continuity of what they have done to date.
So long as they have the gold to go for and assays to prove it then as discussed loans will be available to them and the prospect of a JV probably increased with the announcement of the property purchase which is right in the middle of the one tenement . Although it is close to Creswick it is also on a secluded spot right on the edge of the forestry with straightforward access off the Midland Highway .
I wonder what the soil samples told them eh?

It is something to measure other companies by Paul, there is going to be a mine it has been Craigs plan all along and it is going to be sooner than people expected , have you sold some again?

The next Greatland Gold is so passé Pippi I'm looking for the next ECR over the next couple of years ;-)

This statement was the second one along that vein "New 16 acre operational base within Creswick license area will be developed for the mine decline"
This was the first " 16 acre site within 45 sq km license territory will be:
~ Area operational base
~ Developed for the mine decline" https://twitter.com/ecrminerals/status/1433311424391045120

Because they have already taken the soil samples they have probably already identified where the decline can go and suspect he plans to have it in place before the end of the year.
November perhaps?