Member Info for Rodney69

Drill rig expected to arrive in October - are we expecting commencement of drilling RNS tomorrow.... let’s hope!

Calm down Gino it’s almost as if you want it to pullback to prove a point. The only reason this is at 2p is due to the wider market mechanics - COVID / US elections. Would have held around the 2.2-2.3p range before drill rig news.

Anyway it’s created an opportunity that wouldn’t have been to either buy in the panic and sit on your hands or do both. Next week gets interesting.

Haven’t sold a penny and don’t intend to for a while yet. 3 trading days before drill arrives - RNS should be no later than Monday imo. Should have a detailed drilling plan too. Then it’s regular updates for 6-8 weeks at least. During that time finalising JV talks should well be back on. I switch off on the red days as it will soon bounce back.

Should be a good finish tomorrow chaps. Possibly the last chance to take positions before this starts to leg up next week when the drill starts turning. Good support at 2.4 too. Things should start to get tasty soon :)

Date for the "name the rig" competition closes Friday - clear to see the drill rig is still en route for delivery immediately after. Then we kick start a fully funded diamond drilling campaign to further prove up the exceptional results we've had before. Expect a continuos flurry of news for 8 weeks or so from then. This week is about taking positions on the weakness before the campaign starts.

Fully expecting 3p to be breached next week followed by 4p on expected good results. That should build a nice base for the JV talks that are in the pipeline and if Newmont or AngloGold make an offer as expected - double figures here we come.

Natural pull back today to be expected - huge volume last 2 trading days and from next week heading into a very news rich period. Keep your eyes peeled and try snaffle what you can on any weakness - take your positions before this really gets going.

A couple of points in relation to the financial position to clear up some of the points below -

- CB has stated a number of times that with £1.6mil in the bank the operations are covered for well in excess of a year. JV(s) will cover any large scale operations and add tremendous shareholder value.
- The recent financial report shows an operating cost in 2018 and 2019 in the region of £721k and £762k resectively - this includes a number of drilling campaigns during these periods highlighting the potential resource at a number of the licenses.
- Drill rig is owned and already paid for by ECR

This coupled with future reimbursement for R&D means the company are more than funded, as stated, for at least 12 months.

Also as mentioned previously - 450million shares are sat with a number of nominee accounts holding between 4.22% and 12.59% of the company, leaving approx 191 million free float (approx 30% of the shares in issue). Approx 130 mil have been traded over the last few sessions.

The 52 week high got taken out today - and with high volume and the pipeline of news to come, this all points to a significant rise over the coming weeks and months.

Another cracking day and as Dill states this is en route to double figures. Too much significant/company changing news to keep this back. Market waking up to the tiny market cap vs serious upside. Can see 4-5p in the coming weeks and with multiple interest a JV announcement will send this 10-12p for starters. Long and strong.

Sorry to hear you some of you have quite a high average. Mining exploration takes time many got spiked initially on GGP at 2.5p down to 0.5 - look at them now (if they held their nerve that is). My advice is if you are happy to keep it on paper for another year you could be very very well rewarded.

Jsmith - the company is at a significant point. Make sure you DYOR however a brief summary -

Licenses covering over 1000sq km in Victoria Australia where gold is really hotting up with some 14 companies on the ground rising to over 50 recently. ECR have had significant gold finds already over previous drilling campaigns in the last 3 years - this isn’t anything new this has been building towards where we are right now.

They have already had numerous interest from partners on multiple projects and have turned down offers due to the sheer potential they know they have.

Drill rig owned by ECR arriving likely next week with a fully funded drill campaign to start immediately. Victoria lockdown measures looking to be eased soon. 3rd largest gold producer amongst others have shown interest and completed DD already on Creswick and awaiting site visit - JV looks very likely to happen once they can visit. CB said himself “we are in discussions with 3rd largest gold producer in the world and they are very fond of Creswick”. Newmont applied for a license directly next door to Baileston too.

At £13mil mcap - drilling / JV’s / potential million oz deposits / proving up JORC resource / fully funded in excess of a year - there’s so much happening that in the short term and next 12 months I believe the company will see a significant rise. GLA

CB already stated they are in discussions - AngloGold Ashanti?? Already stated they are extremely fond of Creswick and other parties interested too. AngloGold Ashanti have shifted 30 more tonnes of the stuff than GGPs Newcrest. Market cap of AGA nearly $11billion!

Indeed Hawk likely to arrive next week and out straight into a large drill campaign across many licensed areas.

Probably closer to 20% trades of those not held in nominee account as mentioned before. CB has a proven track record of gold exploration and bringing into production. Creswick license very likely for JV with a big name and Baileston being drilled by ECR on a managed programme - prove it up further and their could be a couple of JVs coming our way. Not to mention Newmont snapping up ground bordering and close proximity to Fosterville mine. Upside is tremendous here

Indeed TS. I urge people to watch the proactive interviews on YouTube - especially this years and last. CB has confirmed they’ve had numerous offers on licenses already, also confirmed “been speaking with and proposing a deal with 3rd largest gold producer” (Newmont) and other parties interested. Serious assets, fully funded and a very experienced team - geologists with track records of huge finds, CEO and others with experience turning explorers into producers of large gold deposit mines. Serious upside here and market hasn’t realised that.... yet

Steady rises and consolidation indeed. You only need to see the huge surge in volume and what’s ahead to see interest building. On another note - 641 million shares in issue and if you scroll through the finances you’ll see 451 million with nominee accounts. 190 mil or so knocking about and I know a fair few holding a couple mil themselves, myself included. Steady rises over building a new base over 3p and JV will send this into double figures. My first target is 8-10p but going long I’m holding for 20/30/40p. Researched this heavily and built a large position in the last few months. GLA

PJ was in GGP early days and did exactly the same. They have a lot of capital invested in these companies at a good price so it’s only wise to de-risk (money makes money and all that). Normal behaviour. I was an early GGP investor and did well albeit didn’t go mega long, I followed from early days and this has all the hallmarks of the same. Except 20-30p here is still much less value than GGP. 1 year this will be huge mark my words

It’s called being in a trading range and has been since end of July/start of August. That’s the time to accumulate on the dips and build a position. Too much going on here to be trading it imo

Isolation has done me good made a pretty packet investing in companies with value

Gl all I might buy a few sub 0.3 for a quick trade before it bottoms out

Revenue expected as of the end of September, wait for it....... drum roll please....... £2.3 million. It’s ok though we have that bank right? 8bn?

End of September 2021, NET servicing fee to SYME - £6.5 million LOL

BB’s are for open discussion on the company. Feel free to follow the masses Plowright large sums into a company I guarantee most don’t have the foggiest how it works. Read a few of the RNS’ about the company financials and it paints a very different picture to £150+ mil market cap - and I’ve heard numerous times £1 being quoted LOL

Good one denzal. Anyone care to quote some facts though?