Member Info for mentalmax

Not fit for purpose these labs atm really are they!

1/3 into our 'action packed' November... Surely something's on it's way or why say it?!

GLA

I wonder if the crypto market crashing will be the catalyst for a gold sector rally? That money has to go somewhere...

Licenses have been an absolute farce. Covid or not the Victorian Gov have totally dropped the ball. They even had a cash injection to help with it as I recall.

Pure speculation but it's conceivable that the Creswick rock chip campaign was related to discussions with a third party.. Confirming viable drill sites before making a deal etc. Rock chip sampling + the 'promise' of licenses being sorted before Xmas makes the mind wander.

Eagerly awaiting to know what AS meant by 'action packed' November.

Well thanks for that. 4 years and you pop up to **** on the bonfire when the SP is finally recovering lol

We've invested in AIM, we know the risks. May I suggest that you familiarise yourself with the latest ECR brochure and skim the new gaffer's CV, you may be intrigued.

Hopefully more of the same tomorrow chaps.

GLA

You're both right.

More shares in issue = higher market cap required as per calculation.

Speculative stocks rarely reflect actual (fundamental) value so we could it 6p if hype goes bananas even if the company isn't actually yet worth that amount.

Personally I'd prefer our SP to reflect a constantly rising fundamental valuation. Hype spikes inevitably crash so only good for traders really. If Haythorpe can emulate what he did at Crescent and ECR can be worth £100m-200m in time, we're all laughing.

Over 60 trades by lunchtime! ECR definitely getting more attention.

Great to see sentiment shift to the positive! Let's keep it up.. So much to look forward to here.

Penny's dropping but a long way to go. Placing was @2.2p and that was without all of the recent goodies.

1p cometh

.90 buys going in now so I think we will see a move soon.

Funding will come and I suspect it will be amicable. The HUGE takeaway here is that ECR now (pending completion) have TWO potentially commercial opportunities on the go. And that's forgetting Creswick and the newly ignited HR3.

Looking very good. No way should this be under a penny IMO

INTERVIEW - https://www.youtube.com/watch?v=UVaEYoFwFg4

The market is stood there gawping. Company making news and one trade.

Funding is the elephant of the room.

Just watched the interview.

'win win' as it is an OPTION to buy subject to proposed drilling to confirm economic/commercial 1-5m veins near surface that are indicating 1-20gpt. So the 200k we have put in is paying for drilling 'fee going into the ground'.

something to note.. Andrew said 'We'll have good news out of Lulworth' - basically giving the heads up that the preliminary work has been successful! fantastic.

'risked management' RE the deal. 'All upside'. recent geologist report confirmed 'further upside' - terrific prospect.

So if it all checks out post drilling, then what? RE money? Are we expecting to be at a much higher SP to place or is there a deal or JV in the offing?!

Exciting times, to coin the over used phrase. Today is an exception I believe.

'Alan Green seems to suggest all will be explained in the interview'

Was just about to say this as per the tweet.

Well blow me down, didn't see this coming! the market is stunned lol

I guess the jury is out until the interview is aired.

OK.. So just like you guys the FIRST thing I thought was how the F are we funding this then?! ECR know the pitfalls of a placing and have stated that no placings are due in the foreseeable (reply to Gino from AS I believe a month or so ago).

Is this linked to the Philly sale? purchase of a Victorian asset? JV?

One thing's for sure, this deal screams of Haythorpe's calibre. I'm eagerly anticipating the interview! Game changer indeed as Alan Green said this morning.

yes I was hoping for a mention of licenses by AH to back up what he said in the presentation.

I suspect it's a closed period due to the sale of the Philippians asset. the BOD will know a rough idea of the price.

Decent interview, very upbeat with a big smile. I liked his comment RE Blue Moon (potentially massive system). Fingers crossed.

Amazing how a month ago HR3 was dead, Creswick was out of favour and Queensland was a pipe dream. Flip to today -

Blue Moon - 'potentially massive' & likely commercial
Creswick - Bonanza grade, confidence rejuvenated with second drill heading out asap.
HR3 - commercially viable hit that warrants serious follow up
Queensland - way ahead of schedule with AH mentioning that recent tests have been successful (results soon).

That's more like it!

Attack on 1p surely imminent! About damn time!

Mr 152,707 bought in @ 9:55am and sold for a 10% loss a few minutes ago.

madness

Traders taking their beer money. Rise into the afternoon post interview all being well. Let's have it! :-)

Funnily enough I did think about you and your 500k tranches! lucky git! ha! Exquisitely timed.

Alan Green - ''Watch out for my interview with Adam Jones later this morning''

So in the next hour then?