Member Info for luckyorange

Have you read it pawn ? It is a huge amount of information on it and where I picked up the historical drilling maps and intersects all clearly on there. https://twitter.com/luckyorange1812/status/1418892087588790273
States clearly in the report what they should do next and what they are doing is what the plan said they should do to prove up the 2 million oz .
Some good stuff in there but need a lot of time to read it and it can get a little tedious as it is so in depth.

Recurring theme that he mentioned when they wanted to raise that there was a 'leak' and sp was driven down .
Two guys who just sit there and state facts , i.e. sp should be more , they want it to be more and will do what they can promoting it so that it is more , but won't sell anything on the cheap.

What do you think?

Makes no difference to me really in the short term other than more cash in the bank but takes the big sellers out of the equation and any shorts will want to get out of town which will make everyone feel better.

Afzal has picked up on it now (scroll down) he is a good guy and not usually in for a quick turn. https://twitter.com/andrew_neal7/status/1420347742900080642

Facts eh, always spoil a good conspiracy .
"The Financial Conduct Authority said today it has dropped an insider trading investigation into three hedge fund managers it arrested in February.

The three individuals were Tim Whyte and Carl Linderum, founding partners of hedge fund Lodestone Natural Resources, and Carl Esprey, at the time, a portfolio manager at GLG Partners. None of the three were ever charged with any crime.

A spokesman for the FCA said in a statement: "The FCA can confirm that three individuals arrested on 27 Feb 2013 are no longer under investigation."

Whyte said in a statement: "I am pleased that after a thorough investigation by the FCA I have been completely cleared of any inappropriate behaviour. Despite an extremely traumatic few months, I would like to thank the FCA for resolving the case quickly and clearing my name. I now look forward to drawing a line under the matter".

Linderum's lawyer Elizabeth Roberston, a partner at K&L Gates, said: "Carl is delighted the case has been dropped and feels that it's a reflection of the evidence that the case has been discontinued."

Esprey said in a statement: "I am delighted that having conducted a full investigation, the FCA have exonerated me of any inappropriate behaviour. From a very early stage I gave a full and comprehensive explanation to the FCA. I am grateful for the support of my friends and family through this very difficult time. I now look forward to getting on with my life with my name cleared and reputation intact."

I took Tambo as Rod Bouchers pet project LW (Boucher town) , I'm sure they will get there at some point but the need is to focus on certain areas like Bailieston and Creswick and seems as if the next move will be to Queensland and I can understand that considering the possibilities there.
I like Queensland quite simply because it has been difficult for others to explore but gold finds of 24 million ounces in the area will have them looking for a source on the tenements, I have a feeling they will need a chain saw and mosquito nets to get in there and a tracked vehicle but it should be worth it with all of those tributaries running down to the river.

"Nobody wants to invest in a company that's out of favour and has a low share price to prove it. But it's some of these shunned companies that can turn around their fortunes and those of their brave investors. "
Not bravery but find out everything you can about a company good and bad, those that are in here will have looked at the bad.
For me the good is the gold which they can move on very quickly and if it was that alone the sp would probably be much higher as the year progresses .
They are much closer to mining the resource than a hell of a lot of gold companies , medium to large players will be very interested in a 2 mill plus resource that is low cost to produce the goods with the heap leaching.
If the get some coking coal deals across the line then that is just icing on the cake.

Nobody ever accuses you of ramping bitcoin lol, keep up the good work :-) , something that I was just reading (cut and paste) "Nobody wants to invest in a company that's out of favour and has a low share price to prove it. But it's some of these shunned companies that can turn around their fortunes and those of their brave investors. "

Sometimes it is nothing to do with bravery and more to do with finding out everything that you can about a company and checking that they are actually doing what they have said they will do.
Whether ECR fits the bill is up to the individual but I think so.

Only 50% bitcoin?

LSE printing double trades again , what a terrible service they just can't seem to get it right. Used to use their paid service but there was always something going wrong and still not fixed.

Shorts closing perhaps?

Always a dump after the bell but seems like a behind the scenes swap of 100k shares today.
It seems at the moment we are getting a gradual move up and exchange of shares which is better for all involved.
Just remind myself of what I think was Ed's reluctant admission that he thinks £75mill is attainable (quite soon?) which is 4 X current sp . Chairman said 24p (£50 mill ish) and if Leap isn't the initial catalyst to get there I don't know what is.

I know we knew it was coming but that is one impressive drill at a good price , under £300k with spares and all equipment required for drilling , I do like the fact that they use the Cummins engines. Doubt if 2000 mtrs is required but that is really heavy duty and ups the ante considerably.
Makes me wonder if they will double up at some point as I would guess that they can do everything required for ECR and no need to employ the contractor (GMP) , which will save a lot of costs.

Seller is out apparently, https://twitter.com/DavidBurton1971/status/1419935203900989457

£1.7 mill if all are exercised js ,

I miss him :-)
Recent lockdown in Victoria ended again. I do wonder if he has returned to the UK for some summer weather , it's quite a similar weather pattern in the Ballarat area to the UK and every pic shows them with their coats on and the electric fires on in the core shed.
I thought he would be dying to update on the new machine paid for by the warrant money.

What annoys me most is that whilst the west are trying to be clever knocking the price back China buys whilst it is cheap " China’s net gold imports via Hong Kong jumped nearly 42% in June after a slump in May, Hong Kong Census and Statistics Department data showed on Monday. Net gold imports via Hong Kong to China, the world’s top consumer of the metal, stood at 30.887 tonnes in June compared with 21.781 tonnes in May, the data showed."

OK , who hacked Lochs account, own up ? ;-)

I am also aware that most warrant holders get their way eventually , don't know how it is done but expect it to test the previous high again at some point, wonder what will be in the RNS that does take it there?

That one is straight out of the shorters handbook James ;-). The amount of times I have heard from them how wonderful they are at providing liquidity in justification for them calling down a share day after day week after week has made me sceptical of their intentions :-0