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Blimey folks! talk about a turn around!

So in less than a fortnight positive results have all but resurrected HR3 AND Creswick. And the license info cerrainly implies we now dominate the DMS. No wonder we're shipping that new diamond drill over.

Some much needed excitement back! good times ahead!

Andrew Scott on twitter -

Adam's just arrived back at our Victoria HQ and will be recording a video today to discuss latest results. Keep an eye out for that!

Good to know. Will be interesting to hear Adam's take on the surprise hit!

Andrew H recording a video in the coming days (other tweet).. So plenty to look forward to.

let's have that interview ECR while the market is still excited about the latest surprise RNS!

Boring admin day to day stuff gets more airtime than a potential HR3 game changing result.

Let's goooooooooo

GLA

Let's be honest, most wrote off HR3.. Definitely a surprise end.. Like getting a shiny in the last pack of cards!

Some decent news at last ECR, real, tangible news that will move the SP.

ECR just can't catch a break can they!

last 2 - 3 years

Indeed... About the same amount of time the Victorian government has been sitting on our license application!

We were told that any JV discussions were contingent on licenses. Why would a third party want in if they don't know how big the pie is? encouragingly, Andrew said licenses should be sorted by Christmas, and with the new drill ordered (only needed if needed).. Things are finally getting interesting on that front.

Who knows! GLA

'As the CEO said we will not get the drill till we do .so whats the odds on Qweensland? Something has changed here.'

Very good point that I overlooked yesterday. When asked (thanks to Gino's question I believe!), Haythorpe specifically said that there was no use for a second drill at the time, and that it would be delivered when required. It seems that time has come which raises the question.. where and why?!

I expect further update as to where they're deploying it! Queensland looks to be progressing at fantastic speed so I wouldn't be surprised if it heads there as Haythorpe is chomping at the bit to discover his elephant!

GLA

Great development, more strings to the bow and earnings potential. I'd rather we use it ourselves to swiss cheese Creswick & QL though! BUT, perhaps we will JV one or both of those and not need our own equipment?

Not 20%+ type news but builds solid foundations.

I expect the land owner will get a % but it'll all be factored in. Money for old rope for them so they'd be stupid to turn it down.

I hold GGP and know these BB's compare the two ad nausea.. But as well as the depth factor, surely the per ton grade is a huge factor as well.. A huge width with 3gpt for instance is relative to a narrow width at 15gpt..

Blue moon hit high grades in 2019 so hopefully we can repeat that.

Agree to disagree Melville. If you did sell, you're just back to poke.

Self congratulatory gloating that reeks of schadenfreude there Melville1. You know for a FACT that Blue Moon is not the only play. Stuck your oar in because the SP is showing signs of recovery. But as TI points out.. Please keep it up, it seems to be helping the price!

'Thank goodness I got out'
'last throw of the dice'
'hasn't paid off '
'I'm afraid the games up'

Jog on.

Cheers Gino.

Anyone wanting a little comic relief should check Lees comments.. LOL

https://twitter.com/ecrminerals/status/1575393992283459584

Indeed TS, no proof, although certain selling patterns definitely look hostile! we could just be over thinking it.

Many waxed lyrical about the London trip being a sneaky raise trip, all in our heads.

End of the day/week, we sit at a measly 6m market cap! That values our acreage at sod all! The same acreage Adam & Co have -

- Identified an anticline structure that hosts gold (work in progress, admittedly not the most exciting at present)
- Found commercial levels @ Blue Moon & following it up as we speak
- Identified 'pockets of 10-20m' of nuggety gold @ Creswick with licenses pending
- Our 50k Queensland acreage (correct me if I'm wrong, I'm going off memory) was supposed to be valued @ 2m once granted. Elephant country! If Blue moon is a lottery ticket, QL is the Euromillions.
- Asset disposals still to come cushioning our already healthy cash reserve.
- Run by a guy who turned an 8m company into a 250m company in 4 years
- I'm sure I've missed a few things.

All for 6m. Not a lot has to go right at this stage for us to be back over a penny. ECR has had the worst luck and sentiment I think I've ever experienced but the actual investment case is still absolutely there. So while we speculate about Chinese Coups, phantom raises & end of the world scenarios.. Adam & Co are busy sampling rocks and drilling a hugely exciting prospect ('The whole of Victoria is watching').

My cheerleading skills have waned significantly due to an absolutely shocking 6 months chart wise. BUT, after a disgusting week where we sit at 0.055p bid, I wanted to take stock, figuratively & literally (I nabbed 175k this afternoon).

Have a great weekend all. Next week we recover. Interesting to see if Andrew Scott replies to you Gino, thank you for being spokesperson for the LSE board!

GLA

Does Andrew Scott currently run ECR's Twitter feed?

Ah! so it wasn't you dumping this morning bitcoin!

Agree Gino. A fair chunk of the SP decline can be chalked down to the self fulfilling prophecy of relentless PI bashing. At this level I think any Pi has the right to demand answers/a response (you yourself have tweeted) - But the drip post Craig's passing has been largely sentiment based. We have done a lot of this to ourselves, as you say.

Appreciate you having the b@lls to tweet Scott RE Tang Gino.. Will be interesting if you get a response.

It's not only the JV fiasco, it's the 80k + 10m@2.2p.... FOR WHAT EXACTLY? Signing off a few RNS's and overseeing an elongated HR3 program :-/

I hope he proves us wrong and works extra hard to restore trust (and earn his $$$). But for now, the mob (or peanut gallery as you put it) have spoken, frankly.

Blue Moon is the CURRENT hopeful Armani but don't be disingenuous, Creswick and Queensland have big potential and Adam is a great geo.

I ABSOLUTELY 100% agree with you RE trust issues however. I think It's time ECR stop dodging the inevitable and speak up either for or against certain idle board members. the negative energy is preventing excitement for Blue Moon.

Answer me this......does the share price suddenly stop the drill turning? does it change asset sales to fund future projects?

Nope.

Could be one of the large holders remember. Businesses are in turmoil across the nation for obvious reasons so grabbing back some £ from a gold punt isn't unreasonable. Means nothing to ECR's future long term. Just another angle (if it's not an attack!).