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My view is that when Mike starting tweeting / issuing a RNS about if ECR needs to raise money to buy into helium resources, it put the market on notice about dilution. Until that is cleared up, without positive news, I can't see the share price heading and staying north.

Daddy

Don't talk to Gordon about patience!!!

Late posted, but you surely don't put £22,000 (in one trade) into a sub decimal penny share with having a sniff of positive news?

....the approval process

There are definitely people that know more than us, ie those involved in t

As much as I think it will be closer to the end of September, it may be that the work over date/ details is leaking out. RNS this week?

We can all see it's another "test results and more testing planned " RNS. They even state "Planning for diamond drill programme to commence" which simply means they are planning, nothing confirmed. If everything was confirmed, then it might be a case they say, we will be doing something, but it's not.

Also, why do they use three different way to measure the gold, g/t, grammes per b.c.m or ppm Au. Makes it very difficult to make comparisons between sites (for me), I wonder why they make it difficult to compare results between sites (for me)?

As you were folks.

Due to the need to get people and equipment into place, I'm still thinking towards the end of September.

Seems pointless to just post waffle. Nothing happening here it seems, come back end of September and then back at Christmas

I understand the irony of me posting to say no point posting.

Iknownuffin

We are still waiting on the source of you 65% claim.

Iknownuffin in both name and nature aren't you?

Made me chuckle over the weekend when I read a tweet re:ECR that stated "If folk can’t work out what’s happening"

Since the last placing

08 Apr 24

ECR provide additional results from its drilling programme at the Kuboid Hill site in its Creswick tenement.

Nest steps: ECR's next steps are to dry-blow bulk sampling of anomalous and broad mineralisation zones as described above.

07 May 24

ECR provide an update on the bulk sample results

Next steps: ECR is now also re-analysing the core from its earlier drilling at the HR3 prospect at Bailieston for antimony.

31 May 24

ECR provide the final bulk sampling results

Next steps: Initial plans include following up on last year's stream sample results at Butterfly Creek, Reedy Creek, and Upper Gorge Creek, where gold samples of up to 1395 ppm were reported. Soil sampling is also underway on selected ridgelines above these areas. Additionally, a sampling program for Niobium and Tantalum will be conducted on the eastern side of the project area this season

19 Jun 24

ECR provide the first gold results from photon analysis of rock chips

Next steps: All 56 rock chips are now undergoing duplicate analysis for gold by way of fire assay

3 Jul 24

ECR announce the latest results for additional testing for the critical mineral Antimony

Next steps: Previous drilling results from the Project are now undergoing internal review

11 Jul 24

ECR announce an update on exploration activities across the Company's Blue Mountain and Lolworth Projects

Next steps: The bulk concentrate samples from the trenching have been dispatched to the laboratory for gold content analysis

12 Jul24

ECR provide the fire assay gold results from the historic Duke of Cornwall Mine

Nest steps: initial hard rock trenching is planned for Gorge Creek West

01 Aug 24

ECR announce results from trenching and bulk concentrate sampling at the Blue Mountain Project

Nest steps: move to the next stage of metallurgical test work to determine the optimal method for gold extraction

06 Aug 24

ECR provide an update on activities at its projects in Victoria, Australia.

Next steps: Company is now planning its next steps which will include further evaluating the sub-surface levels of gold

14 Aug 24

ECR announce initial gold results from soil sampling at the Company's Lolworth Project

Next steps: soon begin stream sampling

30 Aug 24

ECR in order to diversify the Company's business, the Board is currently considering prospective investments in producing helium assets

Next steps: This will enable the Board to review potential opportunities in the helium sector in-house and therefore limit external overhead expenditure.

Just got a feeling, maybe folks have work out what’s happening.

I know muffin,

Where the hell did you invent the 65% since appointment????

Tamer,

Yes helium has gone up

As has the price of gold

You forgot antimony

ECR is neither a helium, gold or antimony producer.

If ECR wants to own helium assets,become a gold producer or dig up antimony, its going to have to pay.

"In addition, should any investment require the issue of new ordinary shares in the Company, such new ordinary shares will not be issued at a discount to the current market price of an ordinary share."

I'm pretty sure the "at a premium" was a reference to if they ever needed to a placing to fund the helium investment.

Question, does anyone believe they won't dilute (at a premium)?

Selan have to mobilise people and equipment.

Come back end of September, see what's happening, then come back at Christmas.

Once Selan start pumping out the RNSs things should move

Back on the 20th August I posted the following and got grief for posting it.

"Agree Mentalmax

When Doc Holiday states "we're not raising funds nor do we intend to" (presuming this is about ECR as he seems to have tweeted but failed to mention which company applies to - DOH!!!). Then the question has to be how long does that statement remain valid for? 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, 5 years (you get my drift). As it stands today ECR have no RNS'd revenue stream(s) and a large amount of work activities across a wide area of Australia which needs to be paid for. So if "we're not raising funds nor do we intend to", where are the funds coming from to keep the lights on if there is no revenue stream(s)?

I see from ECR's official X account they are showing a short video of three small gold nuggets in someone's hand. How much soil was processed to find those three nuggets?"

The question remains valid

When Doc Holiday states "we're not raising funds nor do we intend to" (presuming this is about ECR as he seems to have tweeted but failed to mention which company applies to - DOH!!!). Then the question has to be how long does that statement remain valid for? 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, 5 years (you get my drift)?

I have a feeling that we will find out the answer to that question soon enough.

So looking at the facts,

Back in September 2023 ECR RNS'd that they had raised £580,000 through the issue of 331,392,844 new ordinary shares in the Company ("New Ordinary Shares"), at a price of 0.175p per New Ordinary Share.

In December 2023, ECR sold a drilling rig & an excavator for a combined consideration of A$420,000

(Drilling Rig; A$350,000 of which Mercator receives A$53,000 on 1 January 2024, with a further A$33,000 due every month thereafter for nine months. Excavator; Mercator sold an excavator for A$70,000. These funds have been received by Mercator.) So the last A$53,000 for the rig takes place September 1st 2024 - this weekend.

Approx 6 months after the £580,000 ECR decided, for whatever reason, to raise, £585,000 before expenses through the placing of 195,000,000 new ordinary shares at a price of 0.30 pence per Placing Share. The Placing Price represents a discount of approximately 30 per cent.

Since the placing ECR has undertaken a whole load of activity

QUEENSLAND; Lolworth and Blue Mountain

VICTORIA; Creswick, Bailieston and Tambo

ECR have engaged the services of a tax loss company

Paid the fees to remain listed on AIM

Paid salaries including the £1000 a month to those Board members that also get shares as salary.

ECR do not have any other RNS'd revenue stream (other than the last payment for the rig)

Now ECR are "currently considering prospective investments in producing helium assets in the US.", particularly "recognised or historic helium production and access to existing infrastructure (a gathering system and processing facility) and are either: (i) in production; (ii) capable of near-term production; or (iii) able to process helium."

So how much is it going to cost to invest in a helium company with existing infrastructure (a gathering system and processing facility) that is either (i) in production; (ii) capable of near-term production; or (iii) able to process helium?

"should any investment require the issue of new ordinary shares in the Company, such new ordinary shares will not be issued at a discount to the current market price of an ordinary share" remember dilution is dilution, whatever the price

The key for me is "Given the roles of ECR's chairman and managing director at Voyager Life plc" so, in my opinion how I see it panning out

Just my opinion

ECR to dilute at a price above todays 0.26p to raise enough funds

ECR's Nick and Mike will pay Voyager (and in turn Voyager's Nick and Mike) for helium assets.

I'll leave you to work out who, after any potential placing and any potential purchase of helium assets, the winners are and who will be left carrying the can.

love the "Adam scrapes about in Aus like he’s on summer holiday at Lyme Regis."

Or 5% !!!

...until the work over RNS lands.

I agree Dan, for me, just my opinion, I think the market works / find its equilibrium , through supply and demand. Either there's a lot of supply, as has been noted by others someone maybe dumping shares or a lack of demand.

There has to be interest / momentum here to take it higher and 0.32p would indicate positive momentum returning. We all have ideas as to how ECR can generate that demand / momentum.

Back when it breaks 0.32p, until then bigger fish to fry