Member Info for Sausageonstick

If the gold results are coming back early October, I'd say it is likely next week then, up to the 11th October. After that I woukdnt say it was 'early'

I wonder what happened to the crusher that was being installed?

Https://x.com/Belcourtoi/status/1841385428710019445?t=ojY-bJc0uu7BXOhoAfBHMA&s=19

Can someone tell me how he knows "either BP, Shell or Centrica are all keen to grab hold of biggest gas storage in UK"

Has it ever been stated / named in a RNS? Or is this another unsubstantiated statement?

Whilst the rns did indeed say 15 weeks, the rns also stated

"Some vein material recovered from the shaft development has been milled and panned at site, demonstrating the presence of gold. Samples of vein material have been submitted to an independent certified laboratory to quantify gold grade, with results expected in early October 2024."

It's the 1st October now, the results will arrive

Whilst the rns didn't state what the next steps are, I understand that the cores extracted will go off to the laboratory for (yet more) testing. Results will be known when they are known.

Remember buckets of rock samples have given a 2D analysis, drill cores will give the 3D perspective.

Let's see if ECR can get lucky and put their circa 10cm core drill in exactly the right place with every core drilled to get those superfluous adjectives rolling out in the RNS and subsequent interview with the ECR NED.

Remember they need a licence to produce gold and they only have an exploration licence.

ECR are not gold producers FACT.

13th September RNS

"Some vein material recovered from the shaft development has been milled and panned at site, demonstrating the presence of gold. Samples of vein material have been submitted to an independent certified laboratory to quantify gold grade, with results expected in early October 2024. As announced on 8 July 2024, results from samples also taken in the preparation of the shaft at Bonanza and from the Dorada shaft, yielded between 13.13g/t Au and 21.36g/t gold and had gold recovery rates of between 90.53% and 92.93%."

Results suggest there is considerable gold in the vein. First truck full of vein material off to the processor next week or so, according to the recent interview. If the g/t & recovery rates are the same in the vein material recovered from the shaft/vien that is also the same material off to the processor, then that could blow the bl oody doors of this next week !!

let's see what happens in the run up to the bell.

Are people cashing out of gold explorer ECR and buying into gold producer Nativo Resources? First truck load off to the processing plant next week or so, and cheaper labour cost in Peru than Australia. Remember folks gold at all time high 😉😉😉😉 Nativo Resources up 28% today

Interim results are out, so let's take a look

EnergyPathways raised circa £2,000,000 (before costs) on 23 December 2023

6 months later cash at period end of £1,173,492

So the have spend around £900,000 in 6 months, or on average around £150,000 a month

It's been another 3 months since the end of June, so with the same average burn rate they have spent another £450,000, so £1,173,492 - £450,000 = £723,492 or on average 4.8 months left in the pot until empty. So by Christmas (3 months away) will they need to think about funding this again?

Ben Clube, EnergyPathways' CEO, commented:

" This provides confidence that we will obtain the necessary financing to turn this vision into a reality for the benefit of EnergyPathways' shareholders and the UK as a whole. We look forward to an eventful year ahead as we progress the key workstreams to reach FID towards the end of 2025."

EnergyPathways currently expects that Final Investment Decision (FID) for the MESH project will be late 2025, with first energy supply commencing in 2027.

Chairman's Statement

" a great deal of DESKTOP work has been undertaken through the period to progress the MESH Project from concept into reality....Based on our dialogue with the government, the NSTA (the regulator) and industry stakeholders with whom we are seeking to finalise a project consortium" - so project consortium not finalised?....

"As a result of the acceleration of the more ambitious MESH Project, FID is now expected to occur in late 2025, with first energy supply in 2027."

"As I write, I am still conscious, however, of the ongoing challenge arising from the newly elected Labour government in navigating the energy industry landscape that has also resulted in a backlog and higher level of scrutiny regarding licence applications." Is this going to take longer than expected?

"As our MESH Project workstreams accelerate, so too will our spending" so maybe they will be spending more than £150,000 a month going forward?

"and we are presently reviewing all the financing options available to us to ensure we are funded through to MESH FID in late 2025 and it is the expectation of management that the majority of funding required will be represented by debt finance."

Read between the lines folks, get the brokers note that highlights how funding is required to keep this going.

Paid off, good to see that gone and any interest that would have accumulated.

Please can one of this guys mates tap him on the shoulder and say 'easy tiger, you're not helping anymore'

https://twitter.com/Belcourtoi/status/1839361521769738711

Just surfed the new website 🤯

Some solid information there

World largest O&G co

FTSE 250 company

World largest wind farm co

Provide 50% of UK energy

$1.5billion asset

#EPP will be worth £100m soon

So let's fact check it.

Website actually states, "one of the world's largest developers of wind power" so NOT the world's largest.

Website actually stated "one of the world's largest integrated oil and gas companies" so NOT the world's largest

The "FTSE 250 company" referred to is an engineering consultancy, EPP is after all AIM listed.

The is the best one "Provide 50% of the UK energy" Is this chap honestly trying to convince people that the Government / authorities will place in the hands of ONE company (incorporated 16th July 2021), 50% of the UK energy security. STOP AND THINK mate !!!!!!

I've no idea where the "$1.5billion asset " statement comes from, search the new website, I can't locate this statement.

New website also states "The MESH project schedule is to reach development plan approval and FID in late 2025, with operational revenues starting 2027. Project development is subject to the award of a UK regulated storage licence"

So still publicly stating the go/ no go is late 2025, and also states "reach development plan approval in late 2025" So the PLAN get approved in late 2025.

Let's stick to the facts, and don't get caught on the next Twitterarti spike !!!

Technical Committee Meeting?

From EnergyPathways X post

https://twitter.com/energy_pathways/status/1834508828504690898

From EPP's image in their own tweet

"Initially Marram gas will be brought to market......before transitioning to storage operations"

So they need to get the gas out first then transition to storing H2, but....

"The Marram Field......able to produce ~20mmscfd over 6+ year life"

So it going to take over 6 years to get the gas out before EPP can then transition to H2 storage

Therefore, the question is are they not producing hydrogen for the next 6+ years as they have nowhere to store it? For the next 6+ years, is this simply a non-renewable natural gas supplying company?

Remember the Final Investment Decision (FID) is late 2025. Good luck if you're buying in now.

Get your hands on the brokers note and read for yourselves how much funding their own broker stated is needed

Up we go again, steady as we go. No spikes here just a steady rise until the work over RNS comes

The 'work over has started' RNS could come anytime after that !!!

October next week, the commencement of the work over RNS could come anytime there after

TalkingSense

I'm sure as u are that this will come good, and I'll be cheering from the rafters just as you will be when it does.

However, the Board have to move ECR forward. This seemingly year long 'test, retest and next steps test some more' is just not impressing the market. Please don't say it is, just look at the share price.

The market isn't impressed with the interviews, the testing RNSs and the wink.

Falling through support now, next stop 0.2p on my chart

ECR have no jorc compliant resource estimate

What's the jv partner going to do, read the RNSs and work out the ppm/ g per t in order to buy in?

Come on folks, let's stick to the facts

TalkingSense

I hope just after you posted the "Sausage, You've made the 'gold price has no impact on ECR' argument many times. Obviously it does:" you took a look at the share price.

Down again, down over 3% today. You taken a look at the last 1 year graph

https://www.google.com/finance/quote/ECR:LON?hl=en&window=1Y

Down over 31%

So you tell me TalkingSense, cos I'm sure others investors are just as interested to hear your explanation. As the price of gold has steadily risen over the last year to a high and the ECR sp has steadily fallen over 31% over the last year. How the f u c k has the record high price of gold helped ECR??? Seriously, do tell me and others.

Oh and don't mistake cold hard brutal facts for a vendetta, facts are facts no matter how many tweets or interviews take place.

Remind me when the one to one chit chat takes place, which day?? 🤣🤣

Oh lordy!!!

Iammright, ECR are an explorer, not a producer.

They don't mine for gold as they don't have a mining licence.

Stop embarrassing yourself by in some way suggesting high gold prices rub off onto ECR.

What makes you think this is the low point? Final Investment Decision late 2025.