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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.
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