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Interview link: https://www.youtube.com/watch?v=SMR3_30ZcOg
BH....I assume you mean antimony at Baileston.
Good interview with activity planned at Tambo, Baileston, Blue Mountain and Lolworth in the coming weeks.
Also the bulk sampling re-test results from Kuboid Hill (Creswick).......so plenty of new to come over the coming weeks/months on a number of fronts.
Also they've been having discussions with the neighbours to the east of Lolworth, so prospects of a future collaboration there.
And interesting they have taken on the services of a tax loss specialist to try to monetise the a$75m tax credits.
Thanks Scarlet, As informative as ever.
Awen', I would not be surprised if they release the results for the last two holes in conjunction with the whole bag re-test results of the original holes at Kuboid Hill.
My guess would be next week.
Operational interview released today: https://www.youtube.com/watch?v=SMR3_30ZcOg
Sub 0.3.......be rude not to top up at that price .....so I did ;-)
With you there Mental....topped up a few myself today
So many fronts that could see significant re-rate potential
- Kuboid Hill re-testing
- Further drilling at Creswick?
- JV potential
- Tambo drilling
- Blue Mountain progress towards production
- Lolworth sampling and trenching results (and then move towards drilling)
- Baileston sampling/drilling programme
- Tax Credit monetisation
Any one of those could be a trigger for a significant rise and we could have more than one or two of these firing in the next few weeks/months.....I very optimistic we will see some significant SP increases this year.
Yes, Baileston was where the JV interest was 3 years ago when the 'data room' was used.
I'd have another shot at Blue Moon (see if it extends in the other direction) or Black Cat....
Don't Newmont own the license directly to the north of one of those?
Blackhopper,
I agree. Blue Mountain is another license that has been attributed no-value/ had no publicity since we acquired it last year. But looking at the graphic you can see why the company believe that there is near term production potential there with the 3 areas of 'abundant au' and gold showing throughout the license.
Get a wash plant in at Windmill/Teddy Bear (great names) and pile through the pay dirt asap !!!! ;-)
Https://twitter.com/BigBiteNow/status/1782760145413369932?t=GPji4vtPLTA8bZI-VhiYQA&s=19
* Creswick potential is growing on each drill results (can see some JV interest there over the coming months)
* Blue Mountain looks like it's feasible for us to go alone in to some initial small scale production
* Lolworth trenching about to commence ....the sampling there last year was complete overlooked with one sample coming in at the equivalent of over 1 kg per ton (yes that's a kilo). The aim is to progress to drilling this season (before end November) The Lithium and REE will be explored further as well.
Tambo drilling expected this summer (I have no view on Tambo...a complete unknown). This was Dr Boucher's baby as he wrote a thesis on the area if I remember rightly.
So plenty of activity and newsflow to come.....ducks aligning nicely
Https://twitter.com/BigBiteNow/status/1782760145413369932?t=GPji4vtPLTA8bZI-VhiYQA&s=19
Nice illustration of Blue Mountain......"Abundant gold" anyone?😃
To be fair Swazers , you were saying it was bullish @0.34 and it fell to 0.29.
It's easy to be right when you say it looks bullish, but there is a critical support level.....then you are correct if it goes up and correct if it goes down.
At the end of the day this will trade in a range until newsflow drives the SP in one direction or another (like most AIM shares)
Https://www.youtube.com/watch?v=oSxWdOalvcc
*So the share remuneration covered a longer period so was NOT a salary increase.
* Blue Mountain could be better than initially expected with potential for near term production (but needs to be proven so don't get ahead of ourselves).
* Re-Iterated good results at Creswick with wider breadth at Kuboid Hill
* Another Stockbox interview with 'more detail' coming next week with Doc (another update/results next week?)
Dan , Absolutely the vast majority of shareholders (if not all) are extremely happy that the BOD are aligned with shareholders.
However this will not be their only jobs/incomes so they are not going without any salaries to live on.
I'm still trying to figure out what Andrew Scott is bringing to the party. I can only assume it's industry contacts which may take on the Tax Credits (if he does that he is worth the money).....otherwise we are paying a shed load for a couple of interviews a month.
Now let's get the Blue Mountain potential / update/plan details and those Kuboid Hill results so we can push on.
Don't agree with the getting things over the line comment....there has been plenty of progress in the last 7 months.
However I did notice the 30% pay rise which is a bit steep.
Nicepair, Didn't you post that exact same post when the SP was 0.2? 🤣
And at the end of the day charts are all well and good (and are sometimes a self-fulfilling prophesy ) , but ECR will ultimately be driven on results and newsflow.
Next news expected: Blue Mountain 'update'.. coming soon and Kuboid Hill full bag re-tests
From the style of the video it's likely to be of the previous owners activity.
Does show that there is gold present.
ECR is almost a victim of it's diverse portfolio.
If ECR owned Creswick alone then the current mcap of c£5m would be justifiable.
But then you add in......
Blue Mountain (could look good if the video foretells the update we are due soon)
Lolworth ....The results last year for gold sampling were stunning...yet the market priced in nothing (and that's not taking in to account the Lithium & REE prospects).
Baillieston ....results at HR3 were mixed , although the company seemed excited about the geology, And Blue Moon results from 2019 were excellent.
Kondaparinga .....should see some boots on the ground this year on the new license, and next door to the (almost £5m partnership) Hurricane license.
Tambo ....have no details on that, exploration has started
Itagon ....written off , but we may be able to offload (not expecting anything there).
And then we have the Tax Credits which could be worth as much to the company as the current mcap if they can strike a deal.
And all for £5m currently.....So much potential upside in so many areas over the coming weeks/months.
So trenching and sampling already underway in Blue Mountain.....and some nice colour in the trays/pans.
Looking forward to the next company update regarding the Blue Mountain license.
And we know all but AJ's salaries will be wiped off of that amount as they are paid in shares (AJ now not being on the board will presumably be paid a salary).
And they had previously stated that they were covered for all 2024 G&A....
So between the two statements they are fully covered for costs planned for 2024.
The scenario that would require the raising of extra funds would be if they took on new license/project during the year.
$2393....could breach $2400 over the next day or two
34 million share overhang share trades reported late last night.
....decks well and truly cleared now.