Member Info for TalkingSense

Cocopops, Provide the evidence Raglan definitely won't cover G&A (I haven't seen any)

Nick stated in a recent interview:

"There is a very real and very probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE !"

So the company seem to be of a different opinion.

Also the company have stated they aim to be in production at Blue Mountain in 2026 (again have you any actual evidence to the contrary).

HarChris, Yes the $7m is on the very conservative 0.12 b.c.m average which included the fallow areas they tested ...for production they are following the riverbed so should not have any large baron patches meaning higher grades.

Also the $7m is only Phase 1 ...they are already testing beyond the Phase 1 area to identify further resource areas ....Looks like Raglan will have more to give .

Morning Bottmzup. Restricting my answers to ECR related facts only and only when incorrect statements are made and not responding the multiple personal attacks (why I green boxed Failtosee(Spiked)).

No surprises in today's results...expecnses as expected.

*Looks like Creswick JV is progressing and could finalise soon.

Tax losses off the market (we expected that as more value against production)

* Company expect to have BM producing by the end of 2026 which is quicker than most expected (I was expecting late 26 /early 27)

* Further drilling campaign to come at Lolworth expanding the resource area and including diamond drilling for better structure insight.

* No financial pressures so company able to set these prospects up correctly for maximum returns (and no fundraises)

Coco, Yesterday you asked when you had got it wrong.

Didn't have to go back far...from you last post:

Asset value does not include Raglan (which has $1.9m of equipment and an initial $7m of recoverable gold in phase 1) so you made an incorrect statement: "Value down- although they bought Raglan"

Also the RNS states:

" the forthcoming development of the Blue Mountain Project which is expected to commence production during 2026. In 2026, for the first time in its history, the Group will be recording revenue and the returns from these two projects have the potential to cover all overheads."...so your statement "

BM takingyears to get to production, and they are still over a year away" is baseless.

ECR current asset values are well above Sept 24 and they are looking to have 2 PRODUCING ASSETS THIS YEAR.

ECR currently have enough funds to last well into 2027 so no financial pressures, no prospect of a near term raise, that financial timeline will be extended as Raglan alone is expected to cover G&A costs ...and BM will generate significant profits enabling faster progression in our other projects including Lolworth which is considered a District level prospect.

ECR have a defined runway of development with all the pieces in place.

Simple answer - No I don't agree with your statements Cocopops.

Annual report due in the next couple of days (and Raglan initial production figures could come any time);

Could get updates/ more clarity on:

*Raglan production (& Phase 2 exploration)

*Blue Mountain mining license progress.

*2026 exploration strategy:

- Lolworth gold/silver 2nd drilling programme

- Lolworth REE exploration plan (with partners)

- Creswick JV discussion progress

- Tambo south initial sampling programme

- Baillieston antimony drilling programme

* Kondaparinga license update

* Preparation/further mapping of Blue Mountain

We have £1.5m in the bank and production started at Raglan which financially gives the BOD scope to push on with exploration programmes this year.

Plenty of newsflow and progress to come through 2026.

Raglan

Tamer, Green box the troll.....If you give Spiked and the rest of the trolls no oxygen then they don't disrupt discussion and dominate the boards (that's what they try to do)

F**k me Chris....£2 a share and I'll buy my own island.....lol

Think you mean 2p.

And remember Nick stated in a recent interview:

"There is a very real and very probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE"

We may find out more in the next 72 hours (from this week's RNS)

"We also expect to publish our annual report later this week which will include a more detailed review of our strategy."

Isle, That would tie in as they calculated on a (again conservative) 200 production days a year so 300 oz would be 1.5 per day.

Personally I believe we will considerably exceed that as the included the baron areas in that 1.2 b.c.m , and we know they won't be extracting those areas and will be following the old riverbed in Phase 1.

A 60tph washplant will process around 33 bcm per hour.

Assuming a 10 hour day and 0.12 g/bcm (ECR's Very conservative figure) thats about 1.5 ounces per day.

At today's price thats around $7.8k a day.

$2K a day expenses leaves $5.8k profit.

21 days a month gives c$122k profit a month....and thats the low, conservative estimate

May find a few taking positions waiting for the strategy update that we should get this week.

Could provide a lot more clarity around Raglan production, BM license application, Creswick JV progression, Lolworth second (and maybe third) drilling programmes and new Tambo initial sampling...and maybe more (another Baillieston programme?).

£1.5m in the bank and production underway so plenty of scope for the BOD to progress projects this year.

Https://x.com/i/status/2028705150429520255

So basically your saying it's a good entry point (the number of shares you can get is irrelevant to the point) ?

Like saying your better off having 99 one pence pieces rather than 1 one pound coin.

Think you're stretching it there Tamer.

Let's get Bold Gold signed off in Creswick first.

More clarity to come later this week:

"We also expect to publish our annual report later this week which will include a more detailed review of our strategy.""

Another positive RNS with ECR continuing to expeand their landbank.

Not the blockbuster RNS some on Friday would have bought in for.

Another step forward for ECR.

Confirmation of first production at Raglan should be next RNS off the block.

Triple.

Point 2 - Running costs at Raglan are a$3000, which is us$2000.

So under 0.4 of an ounce a day required for breakeven.

Dailynewsforu,

Stop cross ramping ENET on multiple boards.

Desperation!