Member Info for mentalmax

''it looks to me like they have cut operational activity instead to limit cash burn''

Yea that's the kick in the teeth if accurate. Lower the chance of success by scrimping field costs in order to maintain gravy train salaries and fees for part time staff. Not cool. What can we do about it as investors?

It was Legal, a big L indeed.

While Victoria was Craig's baby, we move forward to a new era. let us not forget that Craig set the cogs in motion for Lolworth and passed the baton to AH unknowingly. It has been clear as day that AH has been itching to move on to Queensland since the get-go. ECR is far from over but today somewhat drew a line in the sand.

I have resigned to the fact that it may take a while to recoup, but ECR still has every chance of hitting a commercial find down the line. And if AH is correct, we could be in for a treat.

I'm all for a battery metals run.

Rx are you looking to buy or troll? or both? ha

So you were privy to insider information then Dan. You sure you should be making that information public?

Or he's telling the truth and we're about to JV with Tesla to mine a Li monster!

Hows that for a paid ramp eh Snippy boy?!

Hint at battery metals?

I'll not divulge too much but these results were known a while ago.

DM me babes

Thanks for that snip. Nice guy aren’t you lol

We certainly can't afford to be paying 'non core' members of staff high wages anymore that's for sure!

So ECR plan to cut costs 'in the field' to preserve capital.. I mean there are other ways! Elephant, room.

Still here Rx, not much to say that won’t be lost in a total wave of schadenfreude, nature of the beast.

Today is disappointing but we focus on the drilling ahead and hope to have better luck. That’s about all that can be said, we are an explorer after all.

Enough chips left to rebound but it’s getting serious now!

Haha that instant hit back at Ti.. 10000% Rx

I agree. As long as the money is well spent.. My point was that for all the tens of K spent on god knows what ‘extras’ for the BOD (on top of salary), we ‘could’ have upgraded our consumer facing side of the business, for example.

Don’t downplay a ‘snazzy’ website or improved media. Humans are hardwired to admire aesthetics and it can influence decision making. Proven fact. The more eyes that are drawn in, the more investors will position themselves.

I saw a tweet a week or so ago along the lines of ‘Oh I remember ECR, had a good run back in 2020, not heard anything much about it since’

Yet we are entering a multi project busy season. Apparently.

Anyway. We await a supposed busy period (don’t say action packed don’t say action packed!) So fingers crossed we can sail out of the doldrums soon!

Patience waning.

*put

I expect we will never know what the various consultancy fees were for. Certainly nothing that added a bean to the sp.

The consultancy fees were tens of thousands of pounds spread across the board. Heck, a decent web-designer could make a blinding website full of all sorts of impressive and attractive features for a fraction of that! And that would be far more appealing from an investor standpoint than I expect some of those fees were out through for!!

Haha Rx well I obviously don’t mean a cheeky raise session! Genuine meet and greet stuff.. shake some hands, turn some heads.

The amount of PR, media, investor relations and consumer based pitching ECR has produced over the last 12 months could honestly be boiled down to a weekends work. Obviously the meat and potatoes have to exist to produce content, but there is so much they could do around the edges! And don’t give me the ‘id rather they concentrate on…’ speech, that relates to the logistics staff & geo team… We have staff employed specifically for this stuff.

Some examples -

- Spruce-up and maintain up to date information on the website - A glossy website is attractive and appealing, particularly to new investors looking it. Current site looks cheap.

- investor Q&A sessions (perhaps once a month)

- weekly engagement on Twitter, ask questions, polls, name the rig etc etc - this will maintain engagement + massage the algorithm so future posts get better reach.

- on site/prep multimedia - rig commissioning images. Doesn’t have to be sensitive info but would keep investors engaged while we await results etc.

- attend a few more conventions/public events - pitch the Co more! All we have are sellers, we need buyers!

I mean that’s just off the top of my head.

I work with multimedia and content creation so perhaps I seem overly critical but I know this stuff. We are paying for it (so far by dilution!) so frankly I would like to see it improved.

Rant over. Over to you ECR ⏰

Good job we pay for PR eh 🤦🏻‍♂️

Anyone else feel like Jeff Goldblum here lol - https://youtu.be/FrmkO0OPxeM

I’m bullish and remain positive but I’m not making excuses for a very well paid crew! PR has been weak, hence the 4 trades a day! Nobody cares about ECR atm.