Member Info for luckyorange

Bet they couldn't believe it when they had a look at it , don't know if it could be in a better position to be honest , copy of the map with positioning here https://twitter.com/luckyorange1812/status/1433327472314142722

It was promoted as prospective for mining too , maybe they all are but suspect there will be a few drill holes in that land quicksmart just to be sure of course :-)

The way it works James is that Nomads either hold it back or send it back for a slight alteration whilst they inform their preferred punters of the content which gives them the opportunity to buy (sell) if they want to.
Insider trading is ok on AIM , nobody has ever been done for it.

A quick look at the land as it sounded a bit suburban but no, perfect for the job in hand https://www.realestate.com.au/property/35-brewing-lane-springmount-vic-3364

I was trying to think of a left field RNS that they might put out bitcoin , none of it included a field!

Makes sense as their office is more of a shed but very forward looking as there is a lot they can do with the 16 acres and it will maintain its value and reduce other costs.

Big things coming, risk yes but low level at this sp and for an excellent return with one project but double that with 2. Coking and thermal coal prices flying .
Gold in Mali no problems with the gold fields for more than 10 years which isn't surprising considering the big players operating in the neighbourhood.

Great post Lochranzalad , lets hope for a bonanza graded RNS and an eff off Novum one at the same time .

£4.3 in the bank TS and spends of $300 k dollars not pounds . Down to 4.3 due to purchase of drill /shed / more staff/ ? Don't know but it doesn't seem that any warrants have been added in to that sum , hard to work out what is going on in that respect.

I know what he said in the interviews Burleigh and it was progressively different (the reason for Novum being appointed changed with the wind once they had talked him into a placing )

I see what you are saying now Burleigh, forget the maths , the worst that happened was the appointment of Novum

"Novum are to undertake broker research on ECR Minerals plc, with a particular focus on enhancing market awareness of the Company, notably in the institutional investor community." (pretty sure that brand produced the broker note for them so they have done eff all for the company and not brought in investors but filled their pockets aplenty doing what the city spivs do.)

Which we now know was total *******s but we have been over that ground many times and I hope that ecr gets rid asap, so they are no longer paid for their part in trashing the sp.

Can you point to where an extra 600 million shares have come along ? There were 90 million for the extra £2 million , Warrants for half that number for the future.
I am lost with your claims to be honest .

Too much apple juice Burleigh ? RNS on the block listing should help you and follow that with the funding RNS for absolute clarification, should see you right.

If you look at the presentation (link provided) they you will see that he held 5%.

At over 2.6 billion tonnes - Lubu is one of the largest coal resources in Southern Africa. https://contango-holdings-plc.co.uk/wp-content/uploads/2021/02/CONTANGO-_-121-Mining-Investment.pdf

Because of the size of it life of mine of Lubu is probably 30+ years

(The seller who brought the price down was probably John Story who held 5% of the company shares and true to form not notified the market of the sale, distressed seller due to leverage in other shares like Zoe and AAA so selling everything to cover so the tale goes).

Development strategy
Given the excellent infrastructure in the vicinity, historical exploration and the deposit’s surface location, the Company believes the mine can be brought into production in H2 2021. This will enable initial production of circa 10,000oz of gold per annum through an oxide plant, with further capital required for subsequent production from the sulphides. The Company is also looking at the potential of sourcing a further US$4M through non-equity capital providers, which would enable the Company to increase production to a rate of 30,000oz per annum. Discussions are underway with regional banks, well versed in the gold industry, as well as providers of royalties and the Company is optimistic it will have sourced this additional funding, without any dilution at the plc level, to enable a larger project and significantly enhanced economics by the time construction is scheduled to start in Q1 2021.

At a gold price of US$1,900, the Company’s mine planning and block modelling studies suggest that margins on production would exceed US$1,000/oz (at the 10,000oz per annum production level). Consequently, the Board believes this would result in a potential EBIT figure of circa US$1M per month from Garalo. In the event a larger 30,000oz per annum mine was constructed, the average cost per ounce of production would reduce further, thereby increasing the margins and associated EBIT figures.
https://contango-holdings-plc.co.uk/the-garalo-project/

I get it now , you have all sold and all reduced your holdings and not said so whilst calling it down, well played guys, I did think that was the case with all of the negative ongoing critical comments but fortunately the current low m/cap will bring in new investors , what a team!

There you go then , 1 or 2 drilling updates a week was not said was it eh?

Aquae, if you listen to the interview he did not promise 1 or 2 drilling updates a week and in fact his statement was nothing like that.
Adam suggested that results would be approximately every two weeks on the cores but didn't say that they would be RNS'd , I am fine with them being lumped together and not paying for unnecessary RNS's .
An RNS a week would probably cost upwards of £35k / year , 1 a month is good enough.

If it is just you that listens then that is good dara, so much of the unnecessary goes on that we tend to forget that the target and finale has been outlined by those on the front line who know exactly how important the drill information is .

A brief recap from Brand

"
BrandUK
@Brand_UK
·
Jun 23
#ECR - Quick clip from
@AndrewScottTV
interview:

Q- Your impression of the drill programmes?
AJ - V exciting..v good future
Q - Do you think we've got a mine there?
AJ - Definitely, Creswick coming up fast behind Bailieston
CB - A mine at both places! "

And Adams debut appearance with Craig on which the above is based https://twitter.com/AndrewScottTV/status/1407615522829635584
Listen again over the long weekend !

Creswick : Catching up with Bailieston becoming the jewel in the crown.
Pockets / seams although narrow when you work it out 100mtr x 100mtr x 1 mtr is X tonnes and that can relate to $20 million in that pocket , even down to $5 million in something much smaller.
Licenses moving along then they can explore the whole 12km. (Need to be granted but he thought it was positive)
Will be suitable for an underground mine because of the narrow seams and very similar to the Ballarat mine.

Craig said we want a top ten miner (JV)to come in there to spend $100 million proving it up etc; and then we raise money and pay our share of the mine construction.

What else?

I don't want them spending money on RNS's .
I was wracking my brain to try and remember when he said it TS , I think it was the joint one with Adam and was going to check, but got distracted by the one Adam did when the new machine was sort of discussed but not because it hadn't been RNS'd.

Anyway , people should really listen to what Adam says in that interview as the machine distracted from the content in that respect , Ballarat is 'pockets' or 'chutes' of mineralisation which he says that Creswick is similar to.
It is well worth listening to on a retrospective basis as sometimes (I think) we are clearly told things but don't listen to (or understand) them . https://twitter.com/ecrminerals/status/1418505448387489792