Member Info for mentalmax

They may have multiple updates pending but there has been 22 RNS’s since the board change and we’re sat at .23 bid. Kind of proves the market only cares about commercial grades. All else is jam tomorrow.

Wouldn't get too carried away with the whole shares in lieu of cash thing, nice gesture but you can't survive on magic beans forever. There's always 'consultancy fees' to balance the books mind.. Or will they call it something different now we've caught on.. how about 'fees owed by the Company in order to assist the Company in conserving its cash resources'

Right.. That's enough cynicism for one night! off to bed!

Lets hope we don't get another decent RNS in the morning, can't bare another 10% drop!! ha

I suspect in your dream world it does yes. $80tn JV

I think flannel makes it worse at this stage. Eye roll central. How many times have we heard the same script?! Put up or shut up time, it’s our money after all, they dilute and spend it so we have every right to be critical and demand more than jam tomorrow.

Well if results are good I guess we can expect another 10% drop ffs!

This share eh!

Generally positive interview although ultimately same old same old RE early days stuff ('indicators', 'gold present' etc). Not totally keen on the 'Lolworth overlooked' and presence of REM 'lost to the market - More like we were dead keen until ECR decided to do a 180. Although that being said at least they're cracking on and getting some drilling done in Vic.

'With a much bigger budget we'd ramp up operations considerably' - That about sums it up sadly.

Fingers crossed Victoria FINALLY shows some consistent commercial results.

LOL Ti, clutching at straws again I see. Has Rx been banned?

*their

It may be full of gold but the elephant in the room is funding it. IF Victoria shows encouragement they’ll likely keep spending there or they’ll be butter spread too thin. IMO best move would be Swiss cheese the DMS and JV Lolworth. Terms will be crap as any major will know we’re biting off more than we can chew but it gives us a chance.

Encouraging RNS but not changed the picture really.. Evidence or gold and REM at an early stage.

Really hope there Victoria ‘gamble’ pays off!

Bored punters and people paying tax bills I expect! No significant volume.

Rx been laid off I see, some peace at last!

I actually disagree, exploration stocks rise on anticipation. Then either significant rise or dump on news day. I suspect ECR will rise for the time being as the ducks align, then results will dictate the rest. AJ’s got to be in ten Hah territory though.

Gawd looked back and it’s now back level ffs. These RNS days have been shocking! Momentum building though, can see .3 shortly then who knows. We were over 1p last time we had a campaign @ Creswick so would be wonderful to gap up if only temporarily! Would give a chance for the brave ones buying now

To make a few quid for once! I agree RE the dead wood but goes without saying at this point.. Elephant in the room stuff.. They know it, time will tell if they have the bottle to act, the market sure knows it!

Shools have all broken up no?!

Decent news, keeps us afloat. Now let’s find gold!

Nice to see a little rise for once. More please.

Yea what ever happened to pockets of $10-20m up the DMS?! Was that a bit pump hype back in the day?!

Quartz in every hole! Nice carrot AJ! Here’s hoping!

Only worry is Southern Cross found the commercial gold 889.6m down and we’re punching shallows. Hopefully they’ll find a vein and track it down for 1000m! Ha

£6k for ‘fees’ to conserve cash reserve??

Just thinking aloud. IF this tax incentive is so mouth watering and lucrative, why has it not been utilized previously? Either it was a totally wasted bargaining chip and historic remaining BOD should be heavily criticized for inaction, or it's a bit of a red herring.. Time will tell I suppose.

IMO it's a catch 22. ECR would have to either buyout an already profit making business or amalgamate with an existing entity to actually benefit from the incentive. Now ECR clearly can't afford to buy out a profit making company (or at least one worth the hassle for the benefit), it would cost multiples of our market cap. Now we move onto another Co 'teaming up'/amalgamating.. They would indeed get a tax break on profit.. BUT for it to be in any way worth it for ECR, said company would have to share/divi a proportion of the benefit or business, otherwise what's the point.. When all is said and done, would it be entirely worth it? sure.. save some tax on profit by bunking with ECR, but oh dear, they want a slice of the pie we'd otherwise keep for ourselves anyway... If that all makes sense? lol

Again, just thinking aloud.

I never said anything about them drilling aimlessly Ti so wrong again.

Fair enough if I’d misinterpreted that part.. Armchair expert after all eh 😉