Member Info for mentalmax

Well we are now @ the 52 week low. Market not interested in presentations they need results.

Your opinion Gino fair enough. It's hard to be overly positive at present as the SP is dictating emotions. SP aside, ECR have at least 3 potentially commercial prospects based on data and past campaigns. It's like we've revealed 3 diamonds on a scratch card so we know we have a winner.. But yet to scratch off the amount. Queensland is that extra bonus bit you get on the limited edition ones lol.

You still about Bitcoin? Any word from your mate in Aus ;-)

Once those licenses drop I think Creswick will get very juicy indeed. We can’t manage it without a JV so providing those multiple $20m DMS pockets can be proven up we’ll be laughing.. Oh and then there’s the anticline that’s looking like a solid resource with continuity, Blue moon about to get spicy, Queensland around the corner (elephant country).. over a mill+ In the bank with more on the way from disposals. What’s not to like at a penny eh ?!

1.02 trades are buys btw.

Knowing now that the ENTIRE BOD flew over... It does raise the eyebrow.

Proof will be in the pudding as always.

Solid presentation that, just finished. Nothing 'new' so to speak in terms of data but thorough enough to really gauge what Andrew is excited about and where the company is going. A few things I picked up on -

- AH is definitely the guy for the job! no doubt about it. Level headed, measured, intelligent and able to answer questions (notably the one about the top soil) confidently and impromptu. Clearly focussed on delivering substantial results rather than faffing around poking holes in everything.. With a particular focus on cost saving techniques and time saving. Good stuff.

- Bailieston - 'Some of those other areas about to be granted'. Interesting. Current material in labs looks 'very positive'. Strong hit ratio, ability to predict and get gold is strong. BLUE MOON 'in the money in terms of commercial mineralisation' - Needs backing up but again, great stuff.

Creswick - This actually encouraged me the most I think.. Many PI's have speculated that Creswick could have been a busted flush.. But Andrew seems very excited about it, calling it a Jewel in the crown later in the presentation, seeing it up there with Queensland for BIG potential. So Creswick is very much game on! Been unfortunate with an anomalous wet season but work will start ASAP. Bulk sample techniques to be used to better understand nuggety geology which will give a better understanding of true potential. Standard drilling doesn't show true potential. Licenses will be granted before year end (next few months).

Lulworth - Andrew's baby. Loads of visible gold. 'Sensational scatter of mineralisation' He can't wait!

Enough cash until mid next year, Philippines 'missing' from presentation so obviously being sold to add to the coffers + they can concentrate on the core job & reduce burn rate.

Only few criticisms would be the length of Q&A's was tiny (there may have only been a few questions I suppose). No mention of the extra drill rig (which if they plan to hit multiple regions 'aggressively' I'd have thought it would be important to get that delivered asap, or at least comment on it). Not entirely sure it was worth flying from AUS for but at the same time it was a good gesture for the BOD to meet and greet UK investors and an excuse for Andrew to give a thorough and detailed slide show presentation, which he did very well IMO.

The SP is crap. But the potential is huge. Feeling much more positive after watching.

GLA

PRESENTATION - https://www.youtube.com/watch?v=l943WSH-jZM

Checked YouTube, proactive not posted anything. I'm assuming it was recorded?

Did anyone here attend?

Very positive that ECR have dispelled raise fears, I think that was what was dragging us down. Could do with some more results popping up though! very few and far between albeit recently positive.

I think we all need a cuddle after this week Gino!

It'll be interesting to hear the (dare I say it...) meat on the bones RE the UK visit. I assume it'll be recorded and posted for those unable to attend like myself.? That would be greatly appreciated.

IF they've flown around the globe to slightly embellish on what's already been said on a number of recent podcasts then ffs.. And although they have said that they will be answering questions, they can't legally divulge anything out of the public domain anyway, as it would be price sensitive.

It would be fantastic if we get a further update that they can seriously elaborate on or they are in London to sign a deal or two (wishful thinking!).

RE Craig, yes it is a sad reality that perhaps a fair bit of what he hyped will be sold. Opinions differ of course and we will never know the outcome of CB's direction.. It just obviously differs from Andrew's. I have no idea if the AUS property market is the same as when it was said, but I remember ECR saying that the value of the properties have increased, so at the very least we should have some additional profit to spend on mining in addition to the original $ release.

The market has pretty much evaporated ALL of Craig's 'hype', so as AH says, we are on the ground floor. Still all to play for but ffs ECR let's have some good luck! It's been a dreadful year or so!

GLA

Well Colin and Phil won’t be happy!

Snip if you don’t know the answer to that it’s worrying frankly. AH has been vocal about possible non core disposals in every recent interview.

Clarity and results.. chase the labs up! Chase the license depts up! No more complacency, be ruthless ECR your company depends on it.

As does our hard earned.

GLA

I’d say it’s pretty clear the market is worried about an imminent raise. The meet and greet has perhaps caused more harm than good as PI’s are speculating that the BOD plans to pitch to funds etc.. I agree, clarity needed here as peole are assuming the worst case scenario, as usual!

If they aren’t, perhaps it’s worth making that clear to the market, as it’s causing PI’s to assume a low ball raise is brewing, which would be crap.

They have over a mill and non core assets to dispose of so they’re anything but desperate for cash so I’d hope they aren’t fishing just yet!

Hopeless sp action! Won't be a nice meet and greet if we are sub a penny will it :-\

I mean it's the usual of course.. Nothing's changed etc.. Need to get some more results out, target red zones, hassle the GOV about licenses (deplorable delay!), director buys? some PR.. etc etc

Let's go ECR!

ECR about to pitch to investors that the share is a buy. Perhaps they could demonstrate this, literally?

Somebody is chomping by the million.

Also, crypto markets down, no wonder we’ve dropped, ffs.

*our

Looks like are 1m buyer is mopping up weakness today.

Armani, Looking at the report there is sufficient funding to take us through to the latter half of 2023...based on current spending.

This.

We have our own rigs, land and access. Expenditure will should be minimal relatively speaking as now we are set up to turn our acreages into swiss cheese.

I like this.. '...enthused by the possibility of developing a resource at both the Bailieston and Creswick projects'

They clearly think we'll have enough gold for resources at both.. Queensland will be the elephant play with (hopefully) company making core work being carried out in Victoria.

Interesting to see if we get any further updates between now and the London meet.

GLA

A glimmer of blue! Hopefully we have bounced off the lows for good now!

Meet up on the 6th, they’ll want to be out of this price zone by then surely?! News anyone??

GLA