Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Don't need to beat 40g/t.....Any improvement on the reported Kuboid results upon retesting would be welcomed.
We don't need as high grades as Davey Road as the widths are much greater.
They are potentially commercial already so any upgrades will be very well received.
Https://www.youtube.com/watch?v=f9G-ETXip2o
Picked up from around Ballarat .....If it was off one of our licenses can we have it back please? ....lol
A lot of personal abuse on the board so I thought I would steer it back to ECR:
06
So, what do we have to look forward to in the near /medium term:
* Full bag re-testing of this week's excellent NEAR SURFACE drilling results which showed good grades at width and potential commerciality.
* Drill results for the final two holes at Kuboid Hill.
* Antimony testing of previous drilling
* An update on Blue Mountain (alluded to by Doc in recent interview) - we've heard nothing about BM since the deal was done.
* More details of the drilling programme planned at Tambo.
* Details of the sampling, trenching and drilling plan for gold at Lolworth (following up on the excellent sampling results from last autumn/winter that the market seemed to miss).
* Details of further exploration for Lithium, Niobium and other REEs at Lolworth.
* Next plans for drilling at Creswick
* Planning permission granting at Creswick property and hopefully a sale.
* Potential disposal/monetisation of the a$73m MGA tax credit.
* Potential JV?
Plenty of potential newsflow over the coming weeks/months and many "game changer" possibilities.
SV ....your ramping is even worse than your deramping ....ROFL (as you would say).
1p plus is a very reasonable target for the next couple of months if results and progress continues as it has recently.
The MCAP which Toffers alluded to with the 4.2p SP was c£30m and was mostly on the back of a rumoured potential JV.
That MCAP would be an SP of c2p based on the current number of shares, which will be achievable (and potentially surpassed) IF we get a potential JV or if we manage to monetise the tax credits which would significantly add to the coffers and accelerate activity on all fronts.
And Toffers....Yes Nicepair/Notrex/Adrian was deramping this at 0.2 and is just bitter that he has missed out on a 50% rise.
Forgot to add to the list potential news:
*Planned activity at Baillieston in Victoria
*Confirmation of license granting and potential planned activity at our new Kondaparinga (KP) license in Queensland which is adjacent to the Hurricane project that we declined a partnership in last year (would have been a cost of c£6m I believe to have signed up to that one)
So, what do we have to look forward to in the near /medium term:
* Full bag re-testing of this week's excellent NEAR SURFACE drilling results which showed good grades at width and potential commerciality.
* Drill results for the final two holes at Kuboid Hill.
* Antimony testing of previous drilling
* An update on Blue Mountain (alluded to by Doc in recent interview) - we've heard nothing about BM since the deal was done.
* More details of the drilling programme planned at Tambo.
* Details of the sampling, trenching and drilling plan for gold at Lolworth (following up on the excellent sampling results from last autumn/winter that the market seemed to miss).
* Details of further exploration for Lithium, Niobium and other REEs at Lolworth.
* Next plans for drilling at Creswick
* Planning permission granting at Creswick property and hopefully a sale.
* Potential disposal/monetisation of the a$73m MGA tax credit.
* Potential JV?
So plenty of potential newsflow over the coming weeks/months and many "game changer" possibilities.
If only we were in the FTSE ...lol
I know the possibility of an ASX dual listing was once discussed, but at this point in time the BOD will have no plans ....so AIM it is.
Agreed Cashking....looks poised for another move up.
Gold still flying as well $2357 ....crazy to think it was $1850 in October
ECR from 35 minutes
https://youtu.be/fYWFpxVyftA?si=9cLRmStUN9NGHIUx
Almost as if the SP was being held back to fill large orders????
lol
That's more like it !!!....A nice bit of width to the grades (which was what a few on here were asking for/wanting last week).
Should get the re-testing (and hopefully grade increase) in a few weeks along with the remaining 2 holes results.
An d some detail around the company's exploration programme both in Victoria and Queensland.
I have a feeling this is going to be a massive year at Lolworth.
Two high grade results of 8.87g/t Au and 8.06g/t Au over 1 metre.
Far more significant is the extensive broad mineralisation demonstrated in several holes where contiguous gold is present at 3.05g/t Au over 3 metres, 2.25g/t Au over 4 metres and 1g/t Au over 5 metres.
And always one liners with no substance from you SV
Now $2320.....Junior mining sector will definitely be gaining more interest as POG rises.
No all we need is some decent drilling results from Kuboid Hill to put us at the front of the investor queue (next week ??????)
That's the point Scarlet.....we are explorers and there is a lot of activity planned this year to prove up some gold .....If we already had the gold we would be 3p+.
The time to invest is before the gold is found and deals are done....or to put it simply.....now!
20m + traded today .....not surprised sub 0.3.
If only I had more spare funds :-(
Morning,AR,
The mission statement on the website is the same as the previous version.
On the JV front , there is no need to progress to a JORC resource to facilitate a JV.
If ECR get an offer it will be well before we have progressed to that stage (and I'm not sure ECR would be able to self fund to JORC themselves).
I see a cheeky little 10m buy showing up after hours....been worked through the day
Mental..... AJ's consultancy fees were on top of a £30k base salary which is way under market rate. His total pay of £80k is more like it and not unreasonable.
Other than that there were £1k of consultancy fees which was a huge improvement on the previous year's consultancy p*** take.
As for the £200k total salary , this has been largely removed as a cash drain for 2024 (apart from AJ who will be taking a salary now he is no longer on the board) due to the salary sacrifice.
Thanks Pauly, I'm sure Sausage will value your validation.
Sausage, We weren't privy to what was fond in the data room...I doubt if it was "f.a." they found as you put it, but it was obviously not enough for them to proceed ay that stage. The fact that there was interest is a positive , and the fact that there has been a comprehensive surface sampling programme and that ECR have commenced drilling programmes will only add to the data set that is held.
Obviously any prospective partner will be looking at the geological structures as much/if not more than the actual grades produced, and we don't know at what point the data would be sufficient to trigger an offer.
There is speculation of a imminent JV from some posters and it is just that, speculation. No-one knows what the timeline would be if an offer was forthcoming , could be a week or a year away.
Absolutely ECR are not a producer and have no immediate plans to become one (I never said they did "Read what is written not what you think is written." ;-) . As in the interview that would be a future consideration.
Also you said ECR have 'no gold' ....This is again untrue as the last drilling campaign produced up to 40g/t and Lolworth initial sampling has had exceptional gold grades (we will see if those can be backed up with the trenching and drilling over the coming months)
The activity that is planned, funds in place for the remainder of 2024, good grades in the first set of drilling and exceptional initial results (which I also believe have not been fully appreciated by the market) from Lolworth are what have driven the increase in SP over the last 3 months.
The MCAP of ECR is still really low at c £6m so progress/ good results in the upcoming activity can see a substantial re-rate.
As you said " He's going to take ECR to what ever price he sees fit, then he's going to decide to jump ship using the excuse someone else can take it further." ....Which will be significantly north of where the SP is now (I think he mention £25m-£50m in the interview) so if/when he does jump ship we will be in a massively better position than we are today on the SP.