Member Info for TalkingSense

*for clarity
* gold lode (if we get it I may dub it the God lode though...lol)

Apologies for the poor typing

or clarity....the gold lode is only part of the 10km strike length....there is possibilities of further lodes/ gold deposits along the 10km (they have already identified other targets).

A 10km god lode would take this over £1 per share...and that ain't gonna happen in Creswick ....LOL

Cheers RX, Not sure about the new investors as they won't have any emotional baggage that some older holders obviously have.
If a resource is part/ fully proven there will be plenty of new investors.

Here is what you would term a ramp/ I see as a possibility.
If Creswick were to get the gold lode proven and with 10km of strike length I could easily see this get to at least a £50m-£150m mcap. It will obviously take time and a lot more drilling to get to that stage and even if we have to do a further fund raise (lets go nust and say another 400m shares to get to 1.5bn ....just plucking a high number out the air) then the SP could get to between 3p and 10p on Creswick alone......and then there is Lolworth and Hurricane coming along behind.

We had the pessimists view last week...so there is the optimists view

We had the

With the current SP the MCAP is actually less that the asset value of ECR in the last half year report.
There is absolutely nothing priced in for any positive news here.
£7m market cap is absolute peanuts.

Look at the value of explorers who then have a proven resource and you'll see the potential here.
It won't get to it's full potential overnight, but it will certainly shift quickly on positive drill results.

Bloody hell Tamer....it's a few buys...you don't need to ramp the **** of it every time there is a little blue.
There is no evidence of anything to do with Danglay

Not relieved RX....I know where this has the potential to go.
In the interests of balance (which I know you are passionate about)....
Last week we discussed what the SP would go to if Creswick were not a success.
We didn't discuss what the SP would go to if all the current evidence pointing to the gold lode were proven??

Let's have your thoughts on where we would be if it were proven

I suppose you could class 3 x 250k sells is numerous at a stretch???...rx , I take it you are not a data analyst.
PMSL

My screen says up 4.35% on the day...funny, you didn't comment on that

recovering from his busy weekend schedule no doubt ;-)

I assume that you agree all my points are balanced and correct as you are not questioning any of them specifically.
They are a little more cautious as I am being careful not to post too optimistic answers and be accused of ramping.
I believe that what I have posted is balance and addresses a lot of points that you raised...it's the way that the BB should work with balanced debate and respect for each others point of views.

I think we've debated the points enough now and we will be just going over the same points with opposing views again and again so we will move on.

Let's see what the next due set of sampling results bring over the coming days.

Rx,
1. It is very obvious that the company has taken a new approach under the stewardship of AH and is a different beast that it was under CB, PJ and those before.
If this was a 'lifestyle company' as you seem to be insinuating then they would not be undertaking the non-stop drilling activity, mass sampling (stream, soil and rock chip) and drilling activity and would simply do the minimum work and cash burn to stretch out the salaries ....this obviously is not the case as ECR are an exceptionally active company over the last year.
3. The level of rigour is above what you would usually expect to enable better targeting....I doubt you are impressed by much.
4. Yes, the parallel system is yet unproven (as is all of Creswick) ...this is why they are undertaking the drilling programme. The sampling (both soil and rock chip) can however give a degree of confidence.
5. This is where AH's experience cam in ....he ordered the re-testing as he felt the previous results did not reflect the full results (another example of better rigour and a more professional approach)
6. Have you insider knowledge on the Philippine's value....not sure if that will be monetised by a sale or a JV ? As for the property sale, we did get less back although I believe we kept part of the land which may explain the difference.
7. Yes they are doing sampling, but again this was done to a very high volume for extra rigour and the results have exceeded expectations.
8. A 10km strike length give plenty of scope for commercialisation and this will obviously require further investigation and modelling against whatever the Lithium price is in future.
9. Again the company will take a commercial view on this when the resource is better understood.......AH did describe these both as 'potentially world class' .....obviously both these have a way to go before they are proven, but the payoff could be huge.
10. The econd drill was 'mothballed' under the previous CEO. The current CEO has evaluated it, got it for a discount and it is being fitted for it's required use going forward. Should hit the ground next month...another instance of the new CEO moving thigs forward.
11. see 6
12. The drilling is being undertaken as we speak. I believe they were on hole 2 last week.

Time to look forward and not live in the past.
Potential is not something you see in the rear view mirror.

Rx, This is the problem....You make bold statements like 'undeniable inadequacies' , yet when asked to give examples to back up why the current management team display this you are unable to and revert back to the pathetic and often repeated 'look at the share price' argument.
If you cannot back up a statement , don't make it.

I do believe in the current BOD and here are a few reasons why:
* I believe (and many have acknowledged) that the new BOD are taking a more pragmatic and professional approach to running the business.
* they have raised £900k which means that ECR are funded for all their activities through 2023
* They have undertaken a much more thorough and rigorous soil sampling and testing regimen at Creswick to enable a more targeted drilling campaign.
* As a result of this testing they have identified a parallel system at Creswick potentially adding more value.
* They also ordered the whole bag re-test of the previous drilling results at Creswick which significantly upgraded the results.
* They have and are in the process of disposing of non-core assets to generate more cash and enable the company to focus.
* They have undertaking comprehensive stream sampling and rock chip sampling at Lolworth which has given extremely good results 'exceeding expectations' for gold.
* They have identified a 10km strike length of Lithium on the Lolworth prospect
* They have identified a separate 10km strike length of Tantalum and Niobium at Lolworth
* They have completed the purchase of a second drill rig at a discounted price to enable cash generation or to be utilised by the company.
* They have identified a potentially excellent project at Hurricane and are in the process of completing DD.
* They have increased the company shareholding of the Danglay project to 90%.
* They have started a long awaited drilling campaign at Creswick and have identified 4 or 5 other potential targets that they are soil sampling at the moment.

The above is not a fully comprehensive list , but shows the great progress and more professional and rigorous approach that the company is taking.
What AH has done is to target and progress the Creswick project, while providing excellent initial findings at Lolworth for gold and identifying the massive potential for Lithium, Tantalum and Niobium at Lolworth and progress the testing of these prospects. He has also identified a prospect at Hurricane with multiple prospectively commercial areas.

Rx, Can you give examples of their undeniable inadequacies and multiple failings.

Hi Daramunda, I'll try and answer some of your questions(my busy weekend schedule has a break ;-).
They chased the Blue Moon extension based on the evidence that was available from 2019 and the extension did not pan out as intended as we all know.
Blue Moon is not a total bust with one duster out of 13 and the other latest hole had 6m at 4.5g/t which is actually an excellent grade and width. There uis potentially still value at Blue Moon although it's not the company maker some had hoped for.
Creswick is a totally different beast. AH has been in control here and the small interval soil sampling and rock chip sampling has been undertaken to better identify drilling targets with more confidence by more rigorous and data led preparation.
This sampling has also identified the parallel system (triple system in one case).
So AH has definitely improved the rigour of testing and drill target preparation and it gives me more confidence that we will see more 'hits' in the current drilling campaign.
The results will prove if this is correct or not.

I don't know which he was most proud of ...is there a point you are making?....still waiting for your reasoning that he is not a good CEO

Snip, So are you basing your entire view of AH on one quote you've picked up somewhere from a previous company BB?
And that company (Crescent) went from $8m to $250m valuation.....so the shareholders did very well (funny that the same sort of comments are being made here ;-)

Surely you can give better reasoning for such a bold statement?...try again

Snip...Can you elaborate on why you don't regard Ah as an 'A list mining CEO' ...be good to get your insight

C1p2D....That's why I said "if you invest now".
Sorry you're average is so high, although that is totally irrelevant to ECRs prospects

Get to 2p and that's a healthy profit if you invest now!!!!

And I think estimates varied between £1m & 1.3m in the bank so no immediate raise required.
And with the second drill rig coming on line we have the ability to generate some additional income if we desire.

The next raise won't be until after we have a good idea on the DMS and parallel systems so SP could be at a different level to now....we wait and see

Rx...Read the description:
PDMRs are all persons discharging managerial responsibilities, not just directors
As the CEO AH certainly falls under a PDMR