Member Info for Rodney69

Well well well she’s stirring and rightly so. Too much on offer from many fronts to hold this back now. Give it a few weeks and 3p will be a thing of the past. It’s coming guys!

Great point about Creswick Gino - 10p / £75mil mcap for a producer is beyond peanuts. Like you say it’s not just Creswick - I think Baileston will be an absolutely monster which is why they’re turning down offers left, right and centre.

Angoose potential upside here is massive. Lots of good and knowledgable investors on this board that I’m sure can add to the below but I’ll list what I can -

- Over 1300sq km of licensed area in Victoria Australia which is one of the hottest postcodes right now
- Recently took delivery of ECR owned Diamond drill rig and commencing a drilling campaign with news likely to drop any moment.
- Can assay on site in 24-48 hours as opposed to current 3-4 month waiting time, speeding up the process massively and allowing ECR to assay and drill new areas very reactively.
- Baileston license is where the drilling will start with lots of exciting prospects (previously drilled numerous times with good results)
- CEO confident to get a JORC resource confirmed.
- Baileston has already had numerous offers which ECR have turned down due to knowing they have much more value.
- Newmont recently applied for a license bordering here.
- Creswick license huge interest with 2 parties already completed DD and awaiting site visit to thrash a JV deal out.
- Western Oz have opened borders to Victoria as of a couple hours ago meaning site visits can now take place (this has been held back for about 8 months).
- CEO stated “one of the interested parties is the 3rd largest gold producer in the world and they are very fond of Creswick” - looks likely Newmont due to visit the site any day now ahead of a potential offer.
- The geologist who discovered GGPs Havieron now works for ECR and is extremely excited about the projects.
- Fully funded for in excess of 1 year and recent warrants add another £400k to what was originally approx £1.6mil cash balance.
- CEO has a track record in previous companies getting resource on multi-million ounce deposits and bringing 2 mines into production.
- Gold on the rise
- Victoria in particular seeing much more activity especially with big players growing from around 6/7 companies to 50 on the ground recently.
- £17 mil market cap which CEO stated is hugely undervalued as Fosterville South for eg are worth 12x more and he believes we have much, much better prospects.

There’s so much happening I’m sure I’ve missed more but if anyone else can find me a better looking company right now I’ll throw my house at it! Gl with your decision / investments.

I always like to keep my feet on the ground in this game but I’m getting more and more excited with ECR. This coming week should send us to the next level. A lot of people using the “next GGP” line on many stocks out there but for me ECR is going to be an absolute beast!

Totally agree mojo - I’m talking short term targets here. Believe me when I say I’ve got a large holding and I’m here for the long term. 20 / 30 / 40p / £1.... it has more than the potential.

What’s happened over the last 5 years in terms of the SP is sort of irrelevant here - ecr are now entering a new phase which could potentially blow the SP out of the water. Years of funding, acquiring licenses and drilling has led to being in a position where they have unbelievable licenses in one of the hottest sectors right now, gold price on a boom, fully funded with further diamond core drilling commencing any day, restrictions in WA looking set to lift Tuesday opening the borders for Newmont to commence a site visit, other JV interest in Creswick, multiple offers on Baileston, GGP’s geologist now part of ECR and the list goes on. Market cap incredibly small in comparison to many of its peers with ECR arguably having much, much better prospects.

Interest is increasing day by day as investors starting to wake up to the monster ECR could be. Fully expect 3p to be taken out this week and any sniff of Newmont arriving in the next couple of weeks then 4p plus on anticipation - JV complete and double figures is the next stop. Best opportunity on AIM in my opinion.

If you watch some of the recent interviews earthling the CEO has stated numerous times they are fully funded in excess of a year - more than enough to carry out drilling etc. - that was before the recent £400k added too.

Looking very strong here folks. Once WA give the green light on Victoria I fully expect to see 3p taken out. Holding long and strong.

Yeah I won’t be selling early here that’s for sure!

Just seen that Gino great news - all being well no rogue cases over the next week then we’re on! Whilst the JV talks bubble away let’s get that drill turning in the meantime!

@jack - I’m not unfortunately. Doubled my money and went elsewhere with regret for not holding longer. I won’t be making that mistake here and will be holding very long on this one

Warrants are part and parcel of junior mining companies. I was in GGP early days and they had loads. It’s funny I saw a load of block sells earlier today and wondered where they were coming from - most probably absorbed already. Won’t have much impact and more monies for the company

Feels like we’re hitting a new place with ECR now I’m expecting to see this build back towards recent highs, and with plenty of news to back it up this time. Interview this morning was very good - Craig very tight lipped about Creswick and really gives the impression it’s a done deal. Companies queueing up for a slice of Bailieston too.

Over the next 12-18 months I can see a significant JV on Creswick, JORC resource confirmation, cracking results on Bailieston then I think that will be next for an earn in whilst Tambo comes into play.

The next few months in particular I think we will see some great shareholder value. All starting to come together.

That’s it exactly jsmith - no issues with drilling whatsoever, all permits etc. are in place and we know ECR are fully funded well in excess of a year. Drilling due to start any day, but JV site visits will commence once restrictions are eased further - Victoria seems to be going in the right direction in this respect so I don’t believe that will be too long.

Added some more this morning and slightly averaged up - couldn’t resist. Fridays news was somewhat forced by investors getting impatient and really it told us nothing we already knew. Lots invested on expected JV news and expected to see that immediately hence the sell off on Friday. Most traders on AIM lack any form of patience and/or research.

Nothing changed other than closer to getting the drill turning. JV possibilities haven’t changed either but at least allow Victoria restrictions to ease first!

Smart money will buy the dips and sit on their hands. All looks good to me :)

I’m not one to relish in people losing money but I do want to say this - I gave some advice and asked some fundamental questions weeks back when this was 0.6. I expressed my opinion that fair value at current was sub 0.3p. I got absolutely slaughtered by most as no one could face any criticism for this stock whatsoever. I’ve been in this game long enough to have a pretty good understanding of the market. I’m not here to gloat, but simply to advise that fundamentals win - don’t get too emotionally invested it doesn’t work out well.

For the few that will still call me a “paid de-ramper” - I work full time investing and trading on the advise of my own only and it allows me to be pretty self sufficient.

Genuinely sorry for those that have lost money here - learn from your mistakes and there’s always other opportunities in the market. I’ve had plenty mistakes over my time but learning from them was the best thing I ever did. GLA

Would have been bad timing today that’s for sure. Gold has taken a hit today with the main markets having a boost but ultimately today’s news makes no difference - pre-pandemic or post-pandemic if ECR delivers what it’s hoping to the rest is just noise.

Yep Mercator Gold Australia is ECR’s subsidiary company. Smart move keeping all the licenses under this company too - makes it cleaner for any future sales / deals. Lots going on the background that we don’t even know yet as evident from POW RNS. New Mercator website launched only recently too - news rich period ahead!

Just get that feeling this is going to start pushing north soon. Really solid consolidation above 2p and news can’t be far off. Lots going on behind the scenes. Huge JV news in the pipeline and wouldn’t be surprised to see more than one. Prove Baileston up further then the original interested parties and maybe some new ones would have to put a fist offer in this time.

I did tell you weeks ago this isn’t going anywhere for a long time. It’s way overvalued and the market is showing that - there’s no conspiracy or games being played, they simply aren’t making enough money to warrant that valuation. But obviously and like last time - I’ll get slated for sharing that opinion.

ECR post daily updates on twitter and nothing today - I suspect news is very close. Might be reading into that too much but it’s unlike them so makes me think RNS being prepped instead :)