Member Info for Sausageonstick

C'mon, make a market and this is away to 0.1405p !!!

I'm wondering which day this week the GoI approval signing confirmation will leak.

I just can't see any other reasons for Roland to go to India other than to be part of some GoI approval signing/ photo opportunity. Then on to a site visit.

$2,500,000 in SYN bank account by the time Roland gets home from India?

Make a market!!

Nice if we can hold the 15% rise today and break the 0.1405p tomorrow.

Nice to see, and we've got the rest of the week to build further. Roland flies next Monday.

What with England playing at 5pm today and GoI approval coming, for me, interest will build from here.

Dan

Oh please stop, "we know who you are" I haven't stopped chuckling since I read it.

They are digging in BM where the 30 year old report said to dig. It doesn't take 9 months to read the report and the rainy season isn't 9 months long.

You are entitled to your view, and I to mine. Attempting (& failing) to ridicule me won't work either. It says more about the type of person you are, than it does me.

Sprint, you literally took the words right outta my post, but I agree

Talking Sense,

They could easily have gone from soil sampling to setting up a heap leach / production scale washer in Blue Mountains alluvial ground's in 9 months. It doesn't take the Aussie Gold Hunters 9 months to set up production that generates, in some instances, more than $1,000,000 a season. They go into an area based on data, set up the production and get on with it, so I disagree with the "No- company is able to get from soli sampling to hard rock production in 9 months."

All this, in my opinion, excessive results gathering of testing and retesting is like listening to the Keystone Cops on the radio. Are Ant & Dec are turning into Laurel and Hardy?

I've challenged SYN on it's 'a matter of weeks', 'very soon' and 'imminent' approach to communicating / marketing with the market.

Would have been much healthier to set a long lead time and just get on with GoI approval.

July 8th for Roland going to India, not the 6th

That's the problem Gordon, we all end up just saying nothing to SYN and waiting just another week and another week.... At some point Roland has to deliver or explain what the hold up is

For imminent, for me it would either be the week before Roland goes to India or the week Roland is in India. After that imminent doesn't apply.

Correction, down 7.84%.

They have been in the job 9 months and what does ECR have to show for it? Sold equipment, shut an office, spoke to a tax expert (paid a tax expert?) and sent samples to the lab. Where's the gold?????? Apparently they have a data room, that they wanted a potential JV partner to read and sign up, why don't they use this extensive data room to find a location to start production.

My opinion is they need to announce what the plan is to take ECR from endless sample testing in to production, including timelines and even if it mean diluting to raise the money to buy the equipment. The market isn't being fooled, in my view, by the endless talk from the Board about what may lie ahead.

9 months in the job and is this the first time they have actually set up any type of production?

In theory local Blue Mountain landowners could assist, but would you not have to pay them? Although for a few months ECR gets a monthly payment from the sale of equipment, the money they have will need to be stretched over all the projects across Qland and Victoria.

More samples from Blue Mountain are being taken, the trailer based trommel and sluice are hardly going to find commercial quantities of gold. I literally don't understand at the moment why ECR just don't identify an area based on the data they already have and set up a wash plant or heap leach and get on with production. The continual need to jump around Australia testing and retesting buckets of rocks, will at some point soon, in my opinion, just not add anything significant. Economies of scale I guess, you have 500 test results, what would the 501st test result tell you that you didn't know, type principle.

I still feel, my own view, that the blue mountain gold results will be compared to the 30 year old report, with ECR saying something along the lines of, we have increased the amount of gold found (since the 1980s report). Let's wait and see but the testing here, there and everywhere approach isn't setting the market alight as we see again. I also notice the mass media scattergun approach to every single announcement seems to have been turned down some what. Maybe ECR are realising that few are getting sucked in saying the same thing to multiple people isn't adding anything.

Down over 5% today so far as we expect more money being spend on more buckets being sent to the lab.

My view, but something gonna have to change within ECR to excite the market, I'm not sure if that is methodology, production or personnel.

I suggest you directly those sensible questions to ECR or Doc Holiday, but ECR need a revenue stream if they're to stop further dilution in my opinion

The market should also know, if the market did it's reading, that SYN issued an RNS 14 days ago to say it was borrowing £400k and not diluting. Anyone suggesting dilution is just deramping and anyone believing should give their head a wobble.

For me now at some point next week this will begin to build in anticipation.

I love his openness and just tell it as it is approach, which maybe the ECR Board are pulling their hair out (obviously metaphorically speaking)

So, according to Adam, they are getting a few more samples this week. Great!!!!!!!!!! More samples to go for testing, yay!!!

Where they are digging now is based on a 30 year old report from the 1980s, where small scale alluvial prospecting took place. It being the last place actively looked at, so the last place people took gold out of the ground. Would it not be better to look in the same alluvial plain but where people haven't already taken the gold out in the 1980s.

Here's the bit I liked the best, Adam said that all other ECR assets were hard rock operations, takes a lot of time, needs drilling and a lot of other stuff. It's good to know that these Blue Mountain alluvial deposits are the assets that are going to be the quickest to exploit, whereas ALL other ECR assets are hard rock and take a lot of time (to exploit).

Whilst I don't wish to to seen as a negative Nelly, I'd like to add that it is positive to see them digging and running a small trailer mounted trommel and sluice plant with a bob cat loading the small amount of dirt they are processing.