Member Info for TalkingSense

Some people do not see the positives

All good dances start slow and build to a crescendo ;-)
One person selling does not an exodus make......notice you didn't comment on the 750k and 500k share buys on Friday?

Tamer, From memory Itagon was 65,000 ozs under NI (JORC) compliance, but that only covered part of the license area

I agree with you both.
We've hopefully moved on from 'understanding the structure' drilling and are starting to hit the 'red zones'
The last two BM drills are certainly ones targeting the prime resource there ....will be interesting to see the decision, on BM and Baillieston as a whole, post results.

Creswick is also targeting the area of the latest good sampling results.... Adam said in the latest interview they now know where to drill and can target more precisely.
They can afford the odd miss, but definitely need some hits over the next 3-6 months if this is going to gain some real traction.

rx, I think you will find that the larger shareholders (I own over 1% myself) have a full understanding of the potential of the company and that , as an explorer, it takes time to bring that potential to fruition as is the way with all explorers (you can't drill 50 holes in a day).
We are not worried about the SP on a daily basis and look at the longer term picture.
Today I have just commented on Lolworth, which if it was the companies only asset , would still make ECR and interesting investment opportunity...possible 1m+ oz of gold and Lithium , Tantalum and Niobium over significant strike lengths.
Then you have Hurrican with a significant number of near surface potentially commercial veins.
We will be back drilling in Creswick in the next week or so in the area the recent results gave us 1m @50g/t and they have already identified 4 or 5 other target areas to the south which they will be sampling. 10km of continual length of the DMS is amazing too have under license.

Any one of the three license areas above could be company makers, but it will take time and the SP will build as each of these progress.
And from a financial point of view we can easily fund all exploration activities, salaries and rigs through to 2024 and have potentially more funds to come so there is no time pressure.
All with a track proven CEO at the helm.

That's why the big investors have faith and are keeping their holding.
I'd be interested to see if there is anything I have stated that you disagree with.

RX, Absolutely correct that we need to prove up the resource.
The initial sediment testing is , to say the least , encouraging.
We won't see too much movement on Lolworth until April after the rainy season ....this should be when the second drill swings in to action.
Will be interesting to see if that gets sent to Lolworth straight away or if they will initially double down on Creswick drilling?

Not sure about the 'time is not on our side' comment....we must have c£1.8-£2m in the bank so can easily run two drill teams and other expenses beyond the end of the year (and with more cash potentially incoming from further disposals...and with a fair wind some warrants being exercised as well).
As AH said in the interview we are now at the point where we have the licenses, we've done the initial sampling and it's time to start proving up the resource.....The next two years will be the period where considerable value is returned to shareholders

No, Just thought I would steer the conversation back to the company and it's assets and prospects as we have gone off topic with the personal comments lately.

What are your thoughts on the prospects @ Lolworth?

*10km strike length for Lithium
*10km strike length for Tantalum and Niobium
* Excellent initial sampling results for gold
* AH keen to find sources (plural) of gold
AH in interview: It would be a company maker if we discover a 1m oz deposit at one of the sources (I think he is pretty confident that we will get a good resource there)

Sorry, I forgot the 10km strike length of Tantalum and Niobium at Lolworth that make up the rest of the 'potentially world class' resource there along with the 10km strike length of Lithium.

I only accounted for half the 20KM strike length of valuable mineralisation on top of the excellent gold results

P1D, The answer is no-one knows as we don't know the inner workings of ECR.
The Manchild (rx), I thought I'd give you a nickname as you seem to demean everyone else with one, has simply cottoned on to one negative thread and keeps pulling.
For all we know Mr Tang could be an integral part of the ECR decision making framework.

On the face of it we can question if this is the case....but his lack of visibility makes him an easy target and hard to justify.
He has undoubtedly been party to mistakes in the past .
I'm sure that questions will be asked at the AGM, but for now whining about his salary as little/no impact on the progress that ECR is making....and that progress is what will drive the SP over the coming months.

Seems to be lost that we have improved the results of the previous drilling at Creswick as well as discovering a parallel system and that we will shortly be going back to start drilling on this...and continuing the sampling on our now 10KM length of DMS under license. 4 or 5 main targets to be tested soon.
Then we have the property sale , along with the £900k raise must give us a nice c£1.8-£2m in the bank
The second drill is arriving any day and will be refit to start drilling the 'potentially world class 'Lithium deposits at Lolworth which also has returned multiple excellent initial pan sampling results for gold.
Then we have Hurricane on which DD is progressing well with it's near surface multiple veins.
All this and potential further disposals (Itagon?).
And a great CEO with a track record of taking a small explorer and 30 bagging the SP.

What's not to be optimistic about?

I think we can agree that everyone on the BB thinks Mr Tang's remuneration is 'generous' for what he appears to provide to the company. It would be good form if his role/salary justification was clarified at the next AG.

My personal theory is that he moonlights as an Estate Agent and his consultancy fee was his commission for the first sale ;-)

rx "Ouch - a 1M sell at 15:37:51 - somebody is likely taking a 20% ish loss on that " .....unless they bought mid 0.6s over the last few weeks in which case they have made a profit.

rx, I don't share your worries:
AH has reviewed and is disposing of the non-core assets that are deemed surplus to requirements.
He has also categorically stated there are no JV discussions since he started.
And I am not aware of any instances where there has been an attempt to 'pumped' the SP since AH began.
So I would say that AH has pretty good control of the Chairman and as AH put it....all the correct checks and balances are now in place.

Also to your previous 'silent running' comment ....We have had 22 RNSs since the start of August which is a decent and consistent newsflow.

So we kept 27 acres....makes the price difference more palatable.
£400k in the bank ...that's 50m less shares in circulation at current SP

Another £350-400k in the bank....half a Hurricane!

As his previous best turned in to a £240m company I'm sure we would all be VERY happy to see him proven correct.
Time will tell.

Andersj, That would be pointless.
He's just going to say that they had a couple of initial enquiries and investors got carried away.
He would probably add that he is never intended to be the face of ECR and that he does all his duties diligently.

What else would you expect him to say?
And the impact on the SP would be zero.

andersj - What or who do you currently have a trust issue with?
I think the latest interview was very forthright and put the 'JV' issue to bed (which was at least 2 years ago now).
As far as personnel are concerned the Andrews and Adam are the public faces of the company and there are no integrity issues with them.....or am I missing something?

You add no value ...so filter used

FFS Tamer.....how many RNSs are you going back to to feign knowledge?

SC & PJ both sent ECR down the rabbit hole and to the brink.
CB pulled us back from the edge an steadied the ship and also gave us Lolworth so deserves a lot of credit.
With regard to the JV I believe that there were a couple of initial enquiries and nothing more ...and these were talked up a little. He Actually did us a favour as there would be a lot more shares in circulation if we had raised sub a penny at the time (I remember CB getting slammed for the 2.2p raise...we' take that now)
AH is definitely the right man to take this forward...he has the experience , contacts, technical knowledge and a good business head on his shoulders. Armed with the best resources he's seen in 20 years in the business ....I have high hopes, but we will see how it plays out over the next year or two