Member Info for TalkingSense

How much exploration work had the previous holders done?

With all due respect Snip those answers are BS.

*Have you actually read the last 8 or 9 Creswick results?
*Itagon obviously has some value.
* The company stated in it's full year results that we have funding for all activities for the whole of 2023.

I'm always up for reasoned debate, but you obviously are not and are just being unreasonably negative

Snip, OK, So you can't answer my questions.

I believe I addressed yours ..obviously I cannot put and exact grade and width on what would take it over 1p as that's a ridiculous question....(what did you expect : 1m @2.2 g/t = 0.95p, whereas 22m @55.5g/t= 50p....lol).
If the market perceives the Creswick drilling results as positive then this will easily get above a penny.

Now , no more deflection...let's have answers to my questions

Snip, Why ask for my opinion if you are immediately going to disregard it?
Let me ask you a couple of questions:

Given the multiple recent RNSs containing upgraded drilling results, soil sampling and very strong rock chip sampling results at Creswick, what evidence (rather that 4 years ago....) would lead you to believe that the drill results at Creswick would not be positive?
If we get positive results and it is the first of 30+ veins do you not believe this would improve confidence in the company.
How much is Itagon worth?
Do you think that positive sentiment would be further enhances if the drilling at Hurricane is positive and the deal proceeds?
When do you think the next placement will be and why?

I hope you will have the good grace and answer my questions above , rather than do what a number of negative poster have done which is get abusive when they cannot provide a coherent answer.
Look forward to your thoughts.

I'm sure there are others who can answer all the questions posed today, but let me give it a go:

Hurricane:
The expiry date for the deal to be finalised is end October 2023. By this time we would have completed one or two drilling programmes there (starting June/July).
We will only go ahead with the deal if the drilling results are positive (if they are dusters we will walk away).
The deal can be funded by either the proceeds of the Itagon sale (as one poster alluded to this morning), inclusion in the placement that is assumed to be Q3/Q4 at the moment, or issue of shares.
Now if the deal is to go ahead (the drilling results being positive) then you would expect the positive drilling results would have had a positive effect on the SP and it will be at a much higher level to today (Snip, one possible path to the 1p+ SP) so the dilution would be at a much lower level than if this was done at today's SP. Of course if Itagon pays for it then no further dilution for Hurricane.

Snip, As I've already said the other immediate event that we have occurring at the moment is the drilling at Creswick at this will have a great material effect on the SP if it is positive (first of 30+ potential veins). Positive results there could easily lift the SP above 1p (that is still under a £12m MCAP).
the other impacting factors would be any more substantiated positive results out of Lolworth or a disposal of Baillieston ...I can't see how Baillieston can now be regarded as core with Lolworth, Blue Mountain , Creswick and Hurricane being the obvious focus of the company.
Baillieston has some value with the 'disappointing' last drill results at Blue Moon showing 6m @4.5g/t which is still very good. There are still 2 sets of results outstanding there. ...Personally I think we will dispose of part or all of Baillieston.

Snip,
Good to see that you are open minded to all outcomes of the drilling.

Snip, I think you are overplaying the immediate peril there.
There will be no raise required until at least mid Q3.
If we offload Itagon (or, if I am correct, Baillieston as well) then we will not need to raise until 2024
We have the Creswick drilling programme underway at the moment. So far the sampling results there have been very promising and we have identified 30 veins.
This should give a degree of confidence that the Creswick results for drilling will be positive which will have a significant impact on sentiment and the SP.
Also in June we will be drilling on Hurricane as well.
So there are two potential extensions to the raise date and two events that can 'correct' the SP significantly.

Need to update their 'About ECR' information....I'm hoping we are not still drilling at Blue Moon...lol

Morning all,
Quiet start this morning with just a couple of Bed & ISAs

We may get some more sampling results and news of the 2nd drill deployment over the next week or so (or maybe even an Itagon disposal?) so should be fairly steady here over the next few weeks.
All of that will be a pre-amble to the drilling results in a few weeks time....They will set the tone moving forward.

n.b. The options are only exercisable if the SP is above 3.75p for 10 consecutive days.
More incentive to get the SP to a higher level.

Cereus,
They were awarded options at 2.2p so have not yet bought those shares and you would assume they will not exercise those options until the SP reaches 2.5p+
The options are valid for 3 years.

So no they have not lost any money in this venture

Hi Melville, I think you were too busy berating myself and others and forgot to answer the questions I posed

What specifically in the last 6 months has changed your thoughts?
And what specifically are you trying to achieve with your posts?
Also can you provide one instance that I have ramped ECR in 2023?

Traders watch the SP
Investors watch the company

Obviously the Q3/Q4 requirement would be pushed back if we dispose of Itagon

Snip, I merely observed thst it had been discussed and did actually agree with you that a raise will be required in Q3/Q4.

It was 6 months sgo.
You were praising the professionalism of the new team (acknowledging that this is not the old ECR) and singing their praises.
Then you flop 180 and start harping back to old CEOs that have little/no relevance to thr current situation.

What specifically in the last 6 months has changed your thoughts?
And what specifically are you trying to achieve with your posts?
Also can you provide one instance that I have ramped ECR in 2023?

Melville, you actually posted the below less than 6 months ago (end of October 2022)
If you are now saying this is not your current opinion on the team can you tell us what specifically they have done that has changed your thoughts

"Credit where credit is due .This Ecr team are going about their business much more efficiently and transparently than the last bunch .The Ceo here seems a world away from the last Ceo who promised much but imo was out of his depth .His dangled carrots fooled us all . But under the current Ceo things sem more structured and much better managed .I have slated the previous management in the past and I don't regret a single word of it as it was justified. But Ecr look like a different company now and their sp reflects that .A long way to go yet but I'm happy that at last Ecr seem to be doing all the right things and seem much more measured and professional. The complete opposite to the former management team .Sometimes companies need a slating , especially when they tell mistruths and are incompetent. But from what I'm seeing here , that seems to be in the past now , so credit to the present team and good hunting for the future .I'm sure a lot more people are starting to look in here , and not just the long term faithful."

Snip, The finances was extensively discussed after the results were published and the general concensus was that another raise would be required in late Q3/early Q4 IF there were no further disposals.
In the results it was stated that we have enough funds for all 2023 activities.

https://www.proactiveinvestors.co.uk/companies/news/1012914/ecr-minerals-has-a-great-problem-in-victoria-with-deep-catalogue-of-prospects-1012914.html?rel=scroll

Haythorpe also talked confidently about the company's progress and its future.

"We're adding significant gold opportunity to the company in terms of land,” he explained. “Step one, is have the land.

“Step two is to confirm the presence of gold, which we're well and truly advanced on.

“Step three is of course to focus the drilling on finding a resource which ultimately can become a minable reserve and in due course, an operating gold mine."

So Melville harps on about '15 years' of finding nothing, however in October he admitted the ECR team were doing a better and more professional job than 'the last bunch'
Melville's praise for the current ECR team below:

"Credit where credit is due .This Ecr team are going about their business much more efficiently and transparently than the last bunch .The Ceo here seems a world away from the last Ceo who promised much but imo was out of his depth .His dangled carrots fooled us all . But under the current Ceo things sem more structured and much better managed .I have slated the previous management in the past and I don't regret a single word of it as it was justified. But Ecr look like a different company now and their sp reflects that .A long way to go yet but I'm happy that at last Ecr seem to be doing all the right things and seem much more measured and professional. The complete opposite to the former management team .Sometimes companies need a slating , especially when they tell mistruths and are incompetent. But from what I'm seeing here , that seems to be in the past now , so credit to the present team and good hunting for the future .I'm sure a lot more people are starting to look in here , and not just the long term faithful."

Another 1m buy come through (0.58)....the 'drop' could be a false one to encourage selling to fill these 1m orders.
Only one trade @0.501, the rest have been 0.537 and above.