Member Info for Sausageonstick

I have a feeling we are not on Briana's Christmas card list this year.

I'll be sending a copy of Gordon's email to Roland, your choice if you feel frustrated enough to email Roland.

There is Raglan and Blue Mountains, but only one mining licence.

The mining licence is for Raglan that the current owners want to get rid of it because...???...??? (a) They are bored of it (b) there's not a lot of gold there (c) recovery of gold too expensive (d) it's producing A$10,000,0000 a year and they just don't know how to spend the profit?

Once all the Due Diligence / testing equipment is done, then the legal aspect, we may well be into November.

Now ECR have never been a company that just digs up the ground, washes it and gets gold out of the ground. We have all seen RNS after RNS how they talk about trenching, getting a drill on site to produce cores and then going to the lab for testing and when those results come back more testing will be done as the next steps. This is all justified by ECR saying they are looking for the best spots to start mining in. I believe once the sale goes through there will be a series of buckets full of dust go to the lab followed by a wait for a drill rig to get core samples, all under the guise of ECR want to identify the best place to position their washer, but all the time delaying the start of gold production. That will get them through Q4 2025 and more free shares (9,000,000+?) to those that get them (will the 'consultant' be paid in shares?). That will bring them to Q1 2026 where I think they will place again and this time I feel they may state that the money is needed to get Raglan into production and to apply for a full mining licence for BM (3 months +??).

Blue Mountains I doubt any commercial mining that requires a full mining will take place in 2025. They don't have a full mining licence and there isn't time to apply and Mining Department consider the application before the Christmas / end of year shut down starts.

How many shares did Nick get at the end of September 2025 (Q3)?

Gordon,

Have you sent that paragraph to Roland? ("with limited influence over operational decisions.") Shocking for him to negotiate his way into that position. He should resign in my opinion.

...soon or won't we be suspended?

Well the end of the first week of October ends tomorrow then Gordon. Anyone confident of (a) RNS being issued by close of play tomorrow and (b) Monsoon related delays pushing it on another month (c) Roland getting paid at the end of the month.

So the last placing raised £750,000

They are buying Raglan for a purchase price of A$1.1 million (approximately £0.53 million) plus any applicable GST

So adding the GST gives a price of A$1,210,000 (approx £600k)

So that leaves approx £150,000 left of the placing

Take out the legal fees, costs, expenses etc payable on the purchase of Raglan.

There isn't much more than £100k added to ECR's bank account, with what's left over.

Nov 2024; Subscription to raise £950,000.

Mar 2025; Receipt of A$225,000 Cash Consideration (approx £110,000).

When is the next placing to keep the lights on?

They also still need a mining licence for BM, as the mining licence applies to Raglan.

September RNS

"Due to continued monsoon-related delays, the Aakash 50T work over rig will now be deployed to the Cambay C-64 wellsite during the first week in October 2025 to undertake the installation of a sucker rod pump."

This is the first week with October in it, next week is the first entire week of October. Either way this time next Friday Roland will know if the rig has arrived.

RNS anytime before 4.30pm UK time next week then, nah, me neither.

Gordon, did you ask about WTF they are doing to earn their salary?

"Initial fieldwork commenced at the Bonanza and Morrocota mines last week. Further sub-surface works to identify ore shoots for initial targeting, expected to take four weeks, cannot proceed until adequate funding is secured. Once completed, and subject to funding, it is anticipated that mining can start in November. "

Fieldwork RNS expected by anyone else? Update on ore shoots to be included? Plus an update on November mining restart? Less than a month to the start of November.

Interesting to see how quiet David Burton is today regarding ECR. C'mon David, speak up.

Contact Roland via the publicly available email address

You were warned

2nd September

https://twitter.com/My_Other_Login/status/1962848977876931047

15th September

https://twitter.com/My_Other_Login/status/1967525786816070124

30th September

https://twitter.com/My_Other_Login/status/1973053658448216178

I've said for months if you haven't worked out what is going on here, figure it out quickly.

Every AIM company puts something like that in their reports.

Half year report

Dominoes....................... (last one is new to the list)

- General meeting - DONE

- Fundraise goes through 8th October admitted to AIM - Soon

- Further sub-surface works to identify ore shoots for initial targeting

- Once completed, and subject to funding, it is anticipated that mining can start in November.

- Nativo intends to allocate portions of free cash flow from mining and processing activities and future fundraises to Bitcoin purchases, and to hold Bitcoin as a long-term treasury reserve asset.

Something is going on 70+m sell, then all the buys. I can only imagine the seller was looking at the wrong weather forecast for Cambay!! Is the sun coming out over Cambay?

"Due to continued monsoon-related delays, the Aakash 50T work over rig will now be deployed to the Cambay C-64 wellsite during the first week in October 2025 to undertake the installation of a sucker rod pump."

Wednesday is the 1st October, should should we expect the rig by Friday or does he mean the first full week of October. #vagueRNS

...for instilling such little confidence of SYN in people that they bail out in what can only be considered a loss

Buckle up over the next months to 6 weeks.!!!