Member Info for Sausageonstick

Shouldhavedone,

When you say "Fully funded for 2025." I think what you mean is that ECR is funded for the 2024 programme of work. I've certainly never read anywhere where it states ECR is funded FOR 2025. Anyone ever heard that ECR are funded for 2025?

Does make me chuckle when people time and time again states "It’s been held back with excellent results by the mms". What exactly do you think the mm's are doing?? Is there some mysterious demand for shares taking place that the mm's are fighting against?

I've got to agree with Dan's statement, look at the fundamentals and the charts, my opinion is that ECR needs to break and stays above 0.32p. Just my own opinion based on my own interpretation of my own charts.

My view is when they say "due to commence in September" it means late September, if it was next week they would know the date. They have also given us a reason why it may not go ahead on time (flooding), although informative they are hedging their bets a little. Hopefully by the end of September they will be underway.

There's been news incoming for weeks!!!

Hopefully funding RND comes soon, the further this rolls into September and October with no news the cheaper this will be

Goldies messahevhecregers tobwas from the 2nd June!!!! Sonway before current financial concerns.

Email going into Rolandvand Briana. They can't leave this to ebb away. There is lots to update on

Not sure people think this is going to speed up just because Selan are in charge. They are a massive corporation that need to divert resources to Cambay. It's not going to happen over night.

Forget about this until Christmas 🎄

Been through what? The perfectly valid question is if ECR make a statement that they are not raising funds, how long does that statement remain valid?

As mentalmax states "A raise will undoubtedly be needed at some point, but yes hoped at a higher price"

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?

Not really encouraging a market with a 25% spread

If the buys dry up and sells take over we are heading down through this support to 2.5p. Time will tell but it might be a lot cheaper soon.

Ace,

"Assuming it is able to continue to manage creditors, it expects to have sufficient funds available to the end of October 2024." Assuming it manages it's creditors it can continue for 2 months, but with a loan can last longer

Dan,

Are you going to tell us why 43m volume is suspicious?

Again the ECR Board continue to give the market results from the 'buckets of rocks' they get tested and announce more testing, below is taken from the RNS today

1) Soil sampling has now been expanded

2) Outcrop mapping and rock chip sampling along these prospective trends is now also in progress.

3) Guide the next phase of mapping and rock chip sampling

4) With the expectation the findings will help define additional drill target

5) Prompting ECR to extend mapping and sampling efforts in that direction

6) Sampling of this dyke is continuing and dependent on rock chip results may offer an additional larger, drill target.

7) ECR field teams will soon begin stream sampling

8) We're now zeroing in on optimal sites to focus on as we continue work towards identifying the best potential drill targets.

Just my own opinion, and that is permitted on bulletin boards, but I would like ECR to announce via a RNS not a (re)tweeted message and interview with their NED, what is the plan. Are they planning on staying an explorer and just sell it all off to the highest bidder or are they going to spend the money / go through the process to become a fully fledged producer of gold. I personally am confused with what ECR want to be at the moment.

Back in May 2024 an RNS stated

"The Company values Mr Brewer's experience and expertise and is therefore pleased to have entered into a consultancy contract (the "Consultancy Agreement") with Gathoni Muchai Investments Limited ("GMI"), which is headed up by Mr Brewer, for the provision of his services as a strategic adviser to the Company on an ongoing basis. The Consultancy Agreement will replace Mr Brewer's existing service contract on similar financial terms, being an annual fee of £120,000"

We are 13.5 trading days away from the anniversary of Edenviles name change to Shuka. Shuka are paying Mr Brewer via his Consultancy company £120,000 per annum.

Can someone tell me what we got for last years £120,000??? As as far as I can see we've seen the sq root of FA in progress over the last year. Unless someone can point me to progress. From his X account he's flown here, there and everywhere, then step down from the Shuka Board.

Anyone have any idea what is going on with Shuka?

I'm convinced this will drift for as long as people think Roland and his appalling ability to hit self imposed deadlines has his finger in the pie still.

Once Selan start their involvement proper and SYN start reporting on Selan progress I think we will see people come back to this.

GLA

Wolfing,

I agree that patience is now needed. Patience for Selan to start delivering, which is why I say forget about this until Christmas 🎄

Just my view, but for me trust in Roland has been shattered. There was the tweet about something being completed in 4 days, then 4 days later tweeting again that itvwas still on going. Then there was the, matter of weeks, soon, imminent malarkey.

Now the work plan needs DGH approval, which I don't think was explicitly stated before the new wells can even start.

Once Selan start delivering like RNSing about equipment being on site and dates then this will move. My opinion is that where people (me) see that Roland still has a hand in things and/or Roland is waiting on DGH timescales. There is a lack of confidence, my mynview of course, but since SYN have explicitly stated the work plan needs DGH approval, the sp has been red

Carrot,

Unless Roland comes out with a blinder of a RNS, I think you might be right over this or next week

Thecm question is how much is this going to drop today?