Member Info for mentalmax

True Gino.

The Craig Era is gone, RIP. BUT, let's not forget what Haythorpe is capable of (Crescent). With the greatest respect to Craig, speaking purely factually and without emotion, Andrew Haythorpe is a higher calibre person to drive the company to where we all ultimately want it. He's done it before!

Although my core holding is in my ISA, It's getting jolly tempting to buy some to trade (then add to ISA pot). down -11% pending Blue Moon results with obviously mineralised cores at twin sites.

Exactly Dan. The seller had ample opportunity to dump higher up and chose to execute the disposal EXACTLY when they knew it would spank us.

The only way I find this acceptable long term is if Andrew H has played hardball to our advantage. Once the 'attack' is done then the miserable sods can jog on and we can bounce back.

If ECR were able to 'get away' with stating that the 'phones were ringing off the hook' RE the JV then they can jolly well let us know if there is still interest pending licenses, WE HAVE NO IDEA. Private investors have waxed lyrical about their dissatisfaction with Tang, benefit of the doubt after benefit of the doubt.. It's an elephant in the room, yet no word from Andrew OR Tang (maybe if they ignore it we'll all forget eh). There, that's two BIG questions that don't have to be price sensitive that would show respect to PI's if answered.

We're all on the same side Gino, and although I don't go bankrupt if ECR goes to 0 I don't want to resign myself to expecting 0.045p unless EVERY avenue has been taken prevent it. We hired a PR guru, and although I like Scott, let's have some world class PR ffs!

Jesus 0.056p sell just gone through wtf.

Same at GGP to be fair, and countless others. Just because the SP is dropping doesn't mean the ECR team aren't getting on with the job. I do think that considering the erosion of SP, trust and sentiment they need to be more open and transparent with investors and answer uncomfortable questions AS WELL AS easy to answer cute ones. There was a promise of transparency but so far all Qs & A's have been more filtered than a Starbucks.

It just seems unprecedented to see a company's share price flounder on the brink of arguably their headline project. There is generally a build up of excitement then a drop if it's a duster.

They didn't exactly address the Tang issue either did they.

It appears Gino's 000 sellers are back with vengeance @ .06 - Feels like an attack at this stage as it's clearly a dump at a loss. Punishment for messing up the drill deal as suggested on twitter?

Really feels like a PI flush.

Yesterday ECR released an image of initial cores that almost certainly showed quartz, meaning similar structures to twin holes are likely but not confirmed. In any other market that alone would stir excitement.

I appreciate the comment RE small volume = bigger swings. Hopefully that'll be true the other way.

0.06p though ffs! from 4p.

Literally can't remember the last time we had a blue day. Market's just don't want to know. We have 500k buys, 1m buys go through with zero movement, yet they drop us 4% on a single 150k sell. Crazy.

https://twitter.com/ecrminerals/status/1575393992283459584?s=20&t=Y3qUbyKPFGATMlvGuEx5Og

Quartz?

*above bid sorry!

Could sell 3m above ask not so long ago and we didn't move anywhere. Wouldn't read much into it.

Any one of those turns out successful then it's over a penny surely, for starters!

26-Sep-22 10:08:52 0.6525 2,970,974 Sell* 0.65 0.75 19.39k

Looks like a PI finally called it quits. Caused the dip.

Not seeing those relentless 100k, 250k, 500k sells though which I suppose is a plus.

https://twitter.com/i/broadcasts/1LyGBqPEmvrKN - Alan Green giving the investment case and reiterating how out of touch the SP is. Nothing new for those who keep tabs but new investors may learn a lot about the company. He gives a decent overview.

I'm pleased to see that work in Queensland is ahead of schedule... 'ECR' & 'ahead of schedule' in the same sentence???!! ;-) Many assumed Lulworth would drag on and be a distraction but it appears that Haythorpe is sticking to his guns and blitzing it. Wouldn't it just shut everybody up if they find a massive soil/rock chip anomaly zone and send in MIDAS 2! fingers crossed!

I see we are red again ffs. The chart is atrocious but as Alan says in the above link, when they turn, THEY TURN.

GLA

License grants will kick start JV talks no doubt. Won't hurt the SP one bit!

I suspect that Andrew will be far less picky when it comes to partnering up. Craig was targeting 'top 5'. Andrew's credentials will serve us well RE negotiations I'm sure, he's no amateur. We just need to sort it!

Wouldn't be at all surprised if we partyer up at Queensland also.. Far too big for us to explore alone really. Let's hope for some decent rock samples etc.

Trying to remain positive. The chart makes me feel sick.

Tang's name is attached to the -60% drop unfortunately. The total management vacuum following CB's passing was palpable. Whether you read Twitter, LSE, ADVFN, shareholders are all saying the same thing. I always try and give people the benefit of the doubt. Tang has had plenty of time to redeem himself. It takes the biscuit that shareholders are suffering heavy losses while he is still being paid. And he's due another 10m shares if ECR finally moves north.

Time for action.

https://twitter.com/ecrminerals/status/1572572169770766336?s=20&t=LSkvrCCbpA9o1I1n8v0CEA

Blue Moon drill chugging away, good to see.

6--9 months (hopefully sooner), we should see -

- Completion of drilling @ Blue Moon + results. Could be a game changer.
- All HR3 assays back (most likely more of the same but who knows)
- Rock chip sample results back from Creswick + Queensland & drill targets planned (or even commenced)
- Licenses (before Xmas according to AH) - We were told these were the caveats to JV's. Let's see!
- Disposal of further property + non core (will put a fair amount of money in the coffers for Tang's pension).
- Additional areas of interest hinted at in the last podcast, so potentially new areas to look at (not that we have the resources mind!).

My personal hope is that we JV Creswick once the licenses drop, partner up to drill Queensland and retain a carry and continue to work at Blue Moon themselves for as long as possible to gain maximum value.

ECR has about the worst sentiment I've seen. But sentiment can shift in a heartbeat. My personal experience is dumping JLP at 2p when sentiment hit rock bottom (non stop raises, long periods of silence etc), only to watch it promptly rise to near 20p.

For those keeping an eye on ECR, the Blue Moon cores will be very telling. A decent twitter post could ignite the SP prior to assays.

GLA

That's the spirit Bitcoin ha!

I do wonder if our 'whales' are equally dissatisfied with particular members of the BOD. Would be interesting if they made their views known as their holdings hold weight.

Creswick really has been battered with freak weather.. https://www.abc.net.au/news/2022-08-21/bom-says-la-nina-will-increase-storm-risk-for-flood-prone-areas/101353786

We were told it would be drilled once the dry season kicked in, I guess rock chip sampling will have to do for now!