Member Info for luckyorange

You viewers eh? So good you had to watch it twice lol.

I think the plan is to develop resources js. Initially it was to bring in a JV partner for Creswick , which is a current possibility . Whilst the partner is developing the Creswick 'mine' / resource then prove up Bailieston as a resource (in play now) and then focus on Queensland.
Craig did say 50k to secure the Queensland licences and worth 2 mill once they have them (due to the land grab going on in WA.
Price of gold still being played about with by paper holdings but generally the opinion seems to be that it will rise over the 2k/ ounce .
As most can see it takes some time to get a licence , go through certain permissions , book a drilling team etc etc ,
I have some admiration for the ecr plan to initially get the licences , have their own drills so they are totally in control of their own direction (other than maintenance there should be no need for downtime on the drill ) and owning on property so not at the behest of landowners in the areas that they wish to work ....

Long answer but the original plan is to develop Queensland not sell it.

Adam is a non exec and doesn't solely rely on ECR for his income , he has stepped up and is making decisions as well as putting himself in the firing line , all credit to him that he is prepared to do that . His role is science related and his excitement did come through (controlled of course) as what has become apparent is that what he gets excited about PI's go Meh....... and that is probably in the back of his mind :-)
Bailieston is currently in line to become a small resource but if they go deeper what will they find ? They are looking to go deeper and to the west at Blue Moon which is looking like another resource . DMS is a resource , no doubt about that !

Queensland , I think , is going to surprise to the upside considering the previous look at it by another company doing a bit of prospecting in streams and finding what they did .

Give your point of view here max and anyone else who is not happy .

https://twitter.com/luckyorange1812/status/1479027258325094401

luckyorange
@luckyorange1812
Replying to
@Brand_UK

@Alan__Green
and
@ecrminerals
Is there a reason for you not asking about the final 10 core results from Creswick Alan or a reason for the company not letting investors know? They seem reluctant to discuss it as do you, all very odd #ECR
9:49 AM · Jan 6, 2022·

l am getting frustrated that people sit back and criticise rather than get proactive .

Rod Bouchers last work for ECR was the RNS 22nd June "This announcement has been reviewed by Dr Rodney Boucher of Linex Pty Ltd. Linex Pty Ltd "

Since then Adam has reviewed results and Kristy moved up to Chief Geologist early August , so that makes 10 results from Creswick that we are unaware of (I think?).

I don't know if it was a falling out with Rod or a natural move as they had 4 geologists working on various aspects at one point.

·
Sep 6, 2021
#ECR - Core samples from Hole CSD009 at #Creswick

~ Logging and processing of samples undertaken at Bendigo core shed overseen by Chief Geologist Kristy Plieger
~ Assay work on samples reveals geology and mineral 'shoots'

Sep 20, 2021
#ECR - Drilling continues at #Creswick

~ #Drilling Hole CSD0013, adjacent to high-grade hole CSD003 and close to Brewing Lane property
~ Assay work on samples continues to reveal geology and mineral 'shoots'

Nobody checked ! Up to hole 13 before they moved to Cherry Tree.

19th July
Diamond drilling has just been completed for holes CJD001 and CSD005, confirming structures hosting quartz, parallel to and within the Dimocks Main Shales,
Started 006 on 12th July , July 26th 7th hole drilled , 8th underway , https://twitter.com/ecrminerals/status/1419599530211827712

That is all of the information if anyone wants to ask the question , there was some confusion at the time how many holes had been drilled if you remember and they moved to Cherry Tree .

'Aha' (throws hands back) a eureka moment in there, wonder what it was eh?

I'm guessing those Creswick results were rubbish , if they were something amazing then it would be in the price .

First time that he has said that the DMS actually goes through or is in the Brewing Lane (Creswick) property but it seems for the moment HR3 is the focus as there will be a small resource there and Blue Moon where there were good results before the landowner got a little difficult (for unknown reasons) , however , Blue Moon back on track is good news It skirts Delaney Road on 5433 https://earthresources.vic.gov.au/licensing-approvals/location-of-licences/licences-near-me#lat=-36.82739249999999&lng=145.0454087.

ECR completed drilling at the Prospect in 2018 and 2019, making a new gold discovery within the
Bailieston Project area. To date the company has drilled 1,718 metres (9 holes) of reverse
circulation drilling and 236.1m (3 holes) of diamond drilling. Significant intersections included:
• 15 metres (m)at a grade of 3.81 grammes per tonne (g/t) gold (Au) from 51m, including
2m at a grade of 17.8g/t Au (BBM007)
• 11m at a grade of 2.42g/t Au from 169m, including 3m at a grade of 3.88g/t Au (BBM006)
• 16m at a grade of 0.28g/t Au from 85m, including 1m at a grade of 2.15g/t Au (BBM004)
• 14m at a grade of 0.54g/t Au from 132m, including 2m at a grade of 1.40g/t Au (BBM005)
• 5m at a grade of 0.46g/t Au from 152m, including 1m at a grade of 1.94g/t Au (BBM010)
• 5m at a grade of 1.09g/t Au from 97m (BBM013).
The drill results completed to date appear to indicate that the host sandstone is thicker, and the
gold grades significantly higher, on the westerly section of the prospect. ECR plans to test whether
the gold mineralisation continues to improve towards the west.

Yes cash , they have probably gone elsewhere and left a token amount on the table here. Can't blame them with the pressure on the sp and wish them luck.

Thanks left leg , Adam is excited , all pretty low key until he spoke about the recently returned assays and they have finally resolved the permission problem with the Blue Moon landowner and will be getting back on there to sample and drill when appropriate . Further explanation of what the interest is with the reef system at Bailieston .

If there are shorts then they need some sells to close , interested to see where it takes us this time if the warrant selling is finished. Could be a protracted rise on the cards , through 1.50 and it's 2p.
You bought with perfect timing Polinvest

Bitty was going to give 'em a call , I think he has been interviewing candidates ;-)

Being walked down on low volume again , soon be another buying opportunity for those trading it.

What, no sellers , what is this trickery?

Iceberg sell perhaps max , that block listing totally took any information away from PI's and placed it in the hands of Novum.
Hidden only to benefit Novum and keeps the sp suppressed as PI's have absolutely no idea what is going on. The likes of Novum don't give a rats arse what the sp is , only the % they get on the sell and any short they may have open or shares that they are putting in their own pockets they will benefit greatly from .
However , because of the time scale that they have been hammering it down it may see a sudden spurt back up to the 2p area and the other positive? is that the warrant money will have been paying for running costs.

No idea , all will become clear I'm sure , it keeps Oliver with a full interest in contango which is the important bit.

New licence 6907 Around 4km of DMS strike length is believed to be within this tenement.
https://www.ecrminerals.com/ Website has been updated with Craig moving on for his seat on a board elsewhere, MGA and Lux yet to be updated

A lot of charts are slightly different cash , they are rejections at 1.10 (someone selling really cheap) I did see the 1.15 but not on the monthly chart (it was on the daily ).
Nothing is perfect but what it comes down to is if the selling dries up then the sp will go up for buyers.

1.1 low in November and December Cash , no third one .

I think a lot have crashed out of ECR over the last few months , hopefully all out that want to be out . If there are any cheap warrants left they won't want it to go any lower, if someone has a broker that they have a good relationship with then it may be worth asking them what the situation is , somebody will know!
I can't see a triple bottom cash ?