Spectacular jam tomorrow RNS today31 May 2024 10:38
Just checking in with ECR to see what the latest is.
Saw this tweet https://twitter.com/DDS_DocHoliday/status/1793959996436173168
LOL "visual ground findings" I guess Head geologist Adam saw some rocks on the surface, but then he said something interesting "at least get some accuracy" I find with LIDDAR data collected via an iPhone camera (resolution?) and app that 'some accuracy' is important !!!🤣🤣 Heaven help them, IN MY OPINION, BASED ON THE FACTS in the tweet where Doc Holiday states "Helps with future results based decision making" I personally wouldn't be confident in the iPhone LIDDAR data being of sufficient quality to feed into 'results based decision making', but again that is my personal opinion, so it will be interesting to read, when they finally turn up, the Duke of Cornwall results.
https://twitter.com/ecrminerals/status/1795363280753431026
Chief geologist Adam holds a sample up to the camera and says "can you see that bit of grey" to which the reply is "Mmmmm......great" What is the grey and why is it important to ECR??? Just seems to be suggesting to the viewer that they should be excited, but never gives the viewer the full facts.
Today's RNS is more of the same, jam tomorrow results stuff. Yet again, amazing that ECR are the lucky ones to find yet more gold in the bucket of rock samples they sent for testing. I bet those big gold mining companies are kicking themselves silly not getting in their first and buying up the licence before ECR got their hands on all those buckets of rock samples.
We will, just my opinion, have another round of interviews including with ECR's Non-Executive Director Andrew to promote the heck out of these results with the aiming of getting the market to react positively. So far today the market hasn't and my opinion is the market has just gone, blah blah blah more of the same.
Again the RNS shows just how thin ECR are spreading themselves and their money, they list the activities. Whilst they tell us "ECR is fully funded for its planned work programs in Victoria and Queensland in 2024." What that is telling me, in my opinion based on my own interpretation of that statement, is that they are not 'fully funded' for what that comes after the 2024 planned works. Exploration companies raise money, spend it in the ground, raise more money and on it goes until they get to where they want to be. ECR is an exploration company.
ECR raised over £1m in less than 6 months based on the RNS dates, when will the next dilution occur?
ECR remain an exploration company and offer no published plans on how/if it will become a producer.
I guess all that's left is to wait for the plethora of interviews and media tweets to come out over the rest of the day and see which one, Mike, Nick or Adam face the camera and spin the results.
Good luck all, back to bed on this one for a bit longer.