We would love to hear your thoughts about our site and services, please take our survey here.
JV???????
So you think a gold producing company will swoop in and buy ECR that raised a £1,000,000 in 6 months and all it has done in terms of gold production is to send Outback Dave out with a shovel to fill up some sample bags and post a picture on Twitter of said bags. ECR hasn't got enough results for a JV partner to be interested
They are still waiting for results from 5th Feb RNS. I've said it before now they have raised a £1,000,000, delays will start appearing imho. First delay being the 5th Feb results.
Any JV looking will let ECR spend a ton more money and get closer to production before even thinking of picking up the phone.
Good luck, but once you strip away the ECR pumping that is currently being done, the value here has come from Twitterarti imho because with all the dilution, funds being raised and no gold the price should be a lot less than where it is today.
Why are people talking about the price of gold at the moment. The price of gold as we all know is cyclical.
ECR are not producers of gold. Mike has already stated this in the Sponge interview and as he stated ECR have never claimed to be producers.
The recent RNS stated
"The net proceeds from the Placing will be used to advance ECR's projects in Victoria and Queenland during 2024, specifically:
· Stream sampling at Baileston, Victoria
· Reverse Circulation drilling at Tambo, Victoria, where the Company has previously recorded 22g/t rock chips with Silver and Bismuth credits
· Trenching at Flaggy Creek and Reedy Creek in Lolworth, Queensland - trench across various outcrops followed up with Reverse Circulation drilling
· Reconnaissance for Niobium REE and Gold in streams over eastern tenements in Lolworth, Queensland where geological mapping suggests the presence of pegmatite intrusion that covers approximately 45km2"
So they will Sample, drill cores which are then sent away to be tested to see what is going on at depth, digging trenches then drilling which is then sent away to be tested and putting wellies on to walk up a stream looking/ panning for gold.
ECR have no stated plans to become a producer, no plans to create a heap leach, set up a dry blower, obtain earth shifting machinery or anything that would seem ECR to pull any scalable amount of gold out of the ground.
They do not produce and have no stated plans to even produce in 2024.
So why are you trying to whip up excitement with the price of gold today???? If ever ECR start talking about producing, then start creaming yourselves over the price of gold.
There really needs to be a sense of realism here folks. We already have the Twitterarti boys tweeting and retweeting each other in the run up to ECRs recent placing 🤔🤔.
At the moment all the know is they raised more than a £1,000,000 in less than 6 months based on the funding RNS dates and they don't produce.
Last placing September 2022, raised £1,015,000 at 14p.
How much is the next placing going to be at?
Did it mention timescales, because if people are getting grumpy about time taken for GoI then they won't want to know CCS timescales!!!
Roland won't have said anything market sensitive, so anyone saying different I would take with a pinch of salt.
Nice £13,000 buy.
It's been said before, but this all will kick off once Roland confirms GoI approval has taken place.
I guess there are people sat on the sidelines who don't have faith to invest until Roland confirms.
The question is how much will it go up by/ to?
£5200 buy just gone through at full ask. Anyone else expecting this to be higher by the bell?
I'm expecting the GoI approval before the 19th April, it seems a few others are also expecting it sooner rather than later. Third blue day on the bounce going into the long weekend.
Nice sized buys and a steady stream. Let's see if things build tomorrow
Feels like something is heading our way, nice stream of buys coming through. Up 8% building on yesterdays blue finish.
Indian election starts soon, I'm sticking by the fact Modi will put a political spin on it when it's approved so sonner the better for him.
I posted the below on the 15th March. I still stick by it, I still believe it to be a Zambian copper company.
Jason Brewer states in the (now deleted video) re: the acquisition that Marc Nully has lots of experience in the commodity in that region.
https://x.com/Shukaminerals_/status/1768581063155089490?s=20
Look at the Board Change RNS Nov 2023
Mr. Marc Nally is an experienced geologist and exploration manager with over 25 years of experience in mining and mineral exploration in Africa, South America and Europe.
Most recently Mr. Nally was a Non-Executive Director and consulting exploration geologist of AQSE-listed Marula Mining plc where he was involved in the acquisition of several advanced mining projects throughout Africa and consulting exploration geologist to AIM-listed Tertiary Minerals plc with a particular focus on project generation in ZAMBIA.
Mr. Nally was a founding Director and former Managing Director of Moxico Resources plc, a private operating, development and exploration mining company that recently commenced COPPER mining operations at its Mimbula Copper Mine in ZAMBIA. He was instrumental in identifying and negotiating the acquisition of the Mimbula COPPER Mine (which is located in ZAMBIA) and the purchase of the Kalengwa COPPER Mine. (which is located in ZAMBIA)
Additionally, Mr. Nally has been involved in various exploration projects and start-up mines in multiple countries, including Russia, Spain, Finland, Republic of Congo, Ethiopia, Indonesia, ZAMBIA and South Africa.
I'm gonna stick my neck out and say they are going to be buying a Zambian copper company. Game on folks
So was last year I thought
I think you will find it is 65K, 83K and 75K buys today.
This will move soon. I have a feeling people in the know are loading up. Shuka generally doesn't get three large buys like that in a day, so, imho, something big is heading this way. GLA
I'm not sure what is driving the up and down price movement other than boredom.
Spoke too soon
...Roland will be tucking another months salary into his back pocket this week.
I wonder what he has done to earn this month's money, maybe a RNS on progress wouldn't go a miss??
Time will tell.
There's a lot that could be updated on. Do we know if C77-H is still giving us an income?
Gordon, maybe ask that question to Roland?