Member Info for Rodney69

Doesn't seem unfeasible at all to be fair - we know CB already confirmed that one of the largest gold producers were "very fond" of Creswick and were unable to complete a site visit due to Western Oz lockdowns. He confirmed today that a site visit took place between 8/12 and the Christmas break and that the technical DD was "very favourable", and alluded to a big player in Western Oz, back to work from next week.

They sound keen to me - lockdown was around 8 months or so and they visited in a very small window. It's all down to whether the offer meets CB's valuation - very interesting times indeed.

STH's leaving from impatience creates great opportunities for LTH's to add. I'm locked in for 2 years ain't selling a single share and i'll add where I can too. ECR is going to be a monster I have no doubt about that. AIM is a very impatient place. Cashed up / drill turning around the clock / monster licenses. The JV will be the icing on the cake when that comes as you can bet it will be a cracking deal - CB ain't letting that go cheaply.

They originally had around 30% of the business at 1p. Made their money, sold their final holdings. 8% seller in the last couple of days that's a huge amount of shares and look how well the SP held up considering. Free to move now boom!

Books looking strong this morning - we could see a good rally soon. Just have that feeling some updates are coming this week - just a hunch.

On the 2 JV fronts you won't see that short term. Creswick is a monster and a JV will get done that I am sure. The question you have to ask is will it be a good JV? Well we know CB doesn't let things go for cheap and he's focused on shareholder value so it's in good hands there.

Bailieston will be drilled by ECR - then down the line I think certain areas will be JV'd whilst focus moves on to Tambo. Great business model when you think about it - gather licenses, drill yourself to add value, JV, rinse and repeat.

Some good summaries below and here's my view for what it's worth.

Let's face it the drill has taken longer than originally anticipated to get up and running and the market doesn't like delays - put on the positive side it has presented an opportunity to take a stake here at a cheaper entry point. I've chose not to sell anything as firstly i'm ultra long, and secondly news can land at any moment.

With no recent news/interviews the impatient will sell, and others will worry - add in the slight pullback on Friday on Gold and crypto going boom and lots of money has been moving into that. This is great for the wider market and believe me that money will pour back in. Gold will soon be the new flavour and will continue throughout this year. The problem most new investors will find is Thursday/Friday they will sell down positions to chase crypto after watching rise after rise, then once their original investments and gold stocks start to become back on they chase back at a higher entry. Weeks like last week are where you make your money on the markets.

As for ECR - I have no doubt there's a lot going on in the background. CB and team aren't ones for RNS'ing everything little thing that happens "we've had a site visit".... "we've attached one of the new drill bits" etc. etc. - but when they do RNS I have no doubt it will be full of lots to get us excited, and realise nothing has changed other than everything progressing as planned.

I have a sneaky feeling next week there will be some updates to get us back over 4p. Followed by another CB interview :)

Exactly that TS - some monster trades coming in now and the SP looks incredibly robust which gives me serious confidence. Consolidation around this level has been very strong as we're about to go into a news rich and exciting period. Feels primed.

The next level is pushing through the 4p barrier which is acting as good support (3.8-4.0) - personally I can see 5-6p range based on the below. However if there's hint of the JV we all want via an interview or elsewhere then I see this going crazy.

Either way i'm here for the long haul and i'll still be dropping in and out of this board when we're 10p / 20p / 50p.... £1

Drilling news shouldn't be too far away now - pure speculation but site visits from you know who could have taken priority in recent weeks with the lifting of WA lockdown... who knows?! ECR don't communicate rubbish like some companies and when they do update the market - it's generally pretty detailed highlighting everything that's been going on behind the scenes.

I expect it's the last few days or week or 2 to take positions - as once the news lands to confirm the drill campaign is underway, I fully expect regular updates and building excitement along with some CB interviews in between. Sentiment and the sheer potential upside will drive this into the next range and beyond.

Have been loading up here in recent days/weeks - wouldn't be surprised to see a strong move into the 2's shortly. Gino - good to see you here.

I’ve been building a position here in the last couple of weeks. Took some effort buying stock at times but gathered a good holding last week. LND still under the radar of most - reminds me of ECR Sept/Oct when I built there, except this should move much quicker and much earlier. Loads to get excited about in Jan and beyond. Have a good new year all

I’ve been pretty quiet of late enjoying the Christmas period and smashing way more whiskey that I should have but still long and strong on ECR. Price actions been really good and it’s holding and consolidating well around 4p.

We should get the drilling campaign kicked off early new year and hopefully a nice CB interview to follow to give us a taster of the JV talks. Have a cracking new year all.

6% even 10% down considering the wider market overreaction shows the strength we have building. Strong volume too. I’ve taken the opportunity just now to add to what’s already my largest holding and actually averaged up (very unusual for me) - but when nothing has changed and the market has presented a gift I couldn’t resist.

January looks like it’s going to be pivotal for the route forward to me - drill turning / results coming / JV bubbling. To quote paddy “sit on your hands” - doing nothing is sometimes the best move you can make in this game. GLA.

What gives you the impression based on the public knowledge we have that a JV would be done with a delisted company that moved into Fintech? The drilling programmes starting any day

I am indeed Kabaa and thanks for the recognition. Haven’t sold a bean - firmly sat on my hands and this is my largest holding by a fair distance. Don’t post much but keep my eye on the board. Operational update soon - SP holding well and consolidating and should see the break through 4p very soon. GLA.

Always good to get some balance Q - however I’ve provided some answers below -

“Can someone please post a negative on ECR”
My own thoughts are as follows.
~ No drill programme as yet. (Programme is designed and permits in place - HR3 is first target and drill will be turning any day)
~ Therefore no results. (Can assay on site within 24/48 hours, results won’t be official but means they can be reactive and provide regular updates to market on how things are progressing)
~ Possible JV will take place only on drill results. (JV is for Creswick. Drill programme is on Baileston)
~ Always with these companies fund raising is never to far away. (When cash stood at £1.6mil a couple months ago CEO stated fully funded for drill campaign well in excess of a year. Since there’s been around £500k additional)
~ CB 8 billion dollars on resource would be years down the line. (The drill programme about to commence will be looking to establish JORC resource on HR3 and/or Blue Moon - both of which they are confident they will get)

Hopefully that helps - cracking board this one lots of knowledgeable posters and good to get a balanced view - even with the balanced view it still looks incredibly positive.

Cracking day today and lots more to come. New director appointment with bags of geological experience - with him, CB’s track record of multi-million ounce resource and bringing mines to production, and Dr Rodney Boucher who sold Haveiron to GGP you’d be hard pushed to find a more experienced team. Today they have got the house in order in prep.

Drill bit turning any moment now - HR3 confident of JORC resource. Blue moon was a recent new discovery and confident of a JORC resource. Creswick bubbling away for what appears an imminent JV - we all know Newmont are sniffing and “very very fond of Creswick”.

Should be a good Christmas and Q1 2021 in particular should be transformational.

That’s the beauty here really - at around £20mil market cap and a CEO who will not let his licenses go cheap as proved by the numerous offers on Baileston that have been turned down (offers as recent as a couple of weeks ago too) - there’s multiple interest in Creswick creating a bidding war and the funded drilling programme at Baileston. Both should add significant value to ECR.

Short term I see bags - long term I see a fortune. I don’t post often as ECR for me is ultra long hold so intraday doesn’t concern me. I’ve been in this game a long time and have honestly not seen a better opportunity than where this company is right now.

Derampers etc will turn up on any board especially when the companies looking strong - either bitter they are missing an opportunity or want to try drive the price down to get in. The number one rule is literally don’t respond it works a treat - they soon get bored :)

Haha had a chat with Del he said give it a few weeks and we’ll all be reenacting the car scene when we realise how much we’ve made!