Member Info for TalkingSense

Ramping this share on 10-15 other share chats will not make the SP go up any further here

In the last financial report the company assets were c£8.5m (from memory)
The current MCAP for ECR is c £9.2m
So at the current SP there is next to nothing priced in for any potential at our sites.

And since the financial report we have gained the Option for Hurricane and the last set of drilling results at Creswick has been 'upgraded'.

So from a potential upside here it looks on paper to be huge....any positivity should see the SP rise considerably.

I am really looking forward to see if the Creswick results to see if the XRF and soil sampling is indicating a good degree of continuous resource along the 10km (yes...10KM!) of potential strike length we have along the DMS. Also if there will be any indicators of how many of Adam's £20-£30m shoots of gold there may be.

On Lulworth results AH has hinted that they exceed expectation sand they have taken hundreds of samples (more that originally planned) which to me indicated that they have found something and are trying to map/locate the source.
Again this is a very sizable license.

Both the above large licenses along with the fantastic prospects at Blue Moon and Hurricane will need further exploration and therefore funds (or JVs....Creswick JV would be HUGE for ECR) so at some point we will need additional funds. My expectation is that a plan for further exploration will be put together after the results are received in December....they will then be costed and a fund raise will occur at the end of Q1 if the asset sales have not progressed and funds are required.

That's my expectation

Gino,
I think the implication that the raise will happen imminently was what some have argued against.
There is no evidence for this....but as you say in tour last post it will happen at some point...depends on asset sales.

Hopefully we will get the December results and the will be positive to give us a much higher Sp and offer price....and reduce any dilution.
The good news is we know the money will be used to drive the resource proving forward and create even more value.

It would be prudent to have a presentation prepared if the raise is required at the end of Q1...if asset sales do not progress as fast as hoped.
Contrary to the first couple of posts this morning a future raise would be an indicator of good results and the BODs ambition to prove up thd resource at one or more licenses next year utilising both drills ( or more).

The same people were screaming imminent raise in July.
Results in the next rwo weeks according to the presentation.

We know the results are coming on the Creswick and Lulworth sampling fronts.....I would expect at least one of the two before Xmas based on comments from the board.
I would expect hole 2 in Blue Moon to arrive any day based on the last result date and the length of time it took to drill hole 2.
I think that hole was closer to the original 2019 drilling sites than hole 1

If that doesn't work we will get Gino to don his spy gear and infiltrate the labs to get some dirt (pun intended) on them and get ECR bumped up the pecking order.

Paul1 deano....What are the possible answers to that?

From what I can see there are only 2 answers:
No - we will sell up all our highly prospective licenses in his jurisdiction.
or
Yes - we have to work within the rules of the territories we work in

Have you got a third answer? What would you like the answer and action to be?

I'm just over 1% now so plenty of room left (but no more funds :-)
3% is the first notifiable I think

Thanks for the drop...I'll have another 500k

https://twitter.com/Brand_UK/status/1600039129974132736?t=gdhCp8gDTZxYNn9s1w86dw&s=19

andersj.....I don't know if selling T & D will swell the coffers by much....lol

...also agree that the labs are **** around turnaround time

That's a silly comment..anyone underwater always has a choice to sell , especially if they are convinced that the price will go down further.
Agree with the further raise comment (as per my previous post) I believe that it will be end of Q1 barring further non-core sales.
I am hoping that one of the licenses has progressed and is such a good solid prospect that it warrents a decent sized raise to progress to Jorc and beyond ourselves....in that scenario we should be at a decent SP and be raising at a good price

Hi Armani,
Yes I know a few that have sold up as well, running out of patience and led by the naysayers.
I don't know about the happy clapping., I just have a little patience and see the potential here which is why I have piled in big time over the last couple of months and brought my average down from 2.1 to 0.8.
For me it's easy to see that news is coming over the coming weeks as thd BOD are 'pushing hard' for news still.
I was buying when you were screaming 'fund raise' in July and have already made a decent profit and feel there is plenty more to come.

Anyone who feels that a BOD is incompetent and stays invested in that company is a fool in my book.
I would not invest a bean unless I fully believed in the BOD.

Fosterville was mentioned once in last week's interviews.
Armani, I think we all agree we would like to see more Director investment...especially AH as the newbee and man in charge, but as you say we are in a close period so that cannot happen in the immediate future

As well as the conference, we don't know if there were any side meetings between AH, the accountant and interested parties on any of our non-core assets....Itagon or SLA.
On 19th July you were claiming an imminent placing as the accountant was on a trip....and that did not happen!

As for the 'can't find a good chunk of gold' statement...I guess the Creswick and Lulworth sampling as well as the remaining Blue Moon drilling results will back you up there or prove your wrong.

Obviously if we get an Itogon sale and maybe sell the house in Victoria then Q1 could be Q2 or Q3.
I would hope by then that the JV interest in Creswick has led to negotiations and we may get a free ride ...then we will massively higher than 2p and dilution will not be a material issue.

TBH I would expect a raise at the end of Q1 next year.
I think we will have around £1m in the bank, but with two rigs running concurrently next year the burn rate is obviously going to increase.
I think we will be well north of 2p by then as Blue Moon, Creswick & Lulworth results are all capable of moving the dial on the SP.

If the future drilling and sampling plans are going to add additional value then it will more than offset any dilution.
It's a fact that small mining companies have to continually find finance, be that from finance or additional share allocation...just part of the exploration roadmap.

I don't think it's imminent though ....the same suspects were trumpeting an imminent raise in June/July and were way off the mark.

Itagon sale ???
Value ???

Tamer, You do realise that 'Resourcing tomorrow,' is ghe title of the M&M event and not a promise of an additional interview?

Tamer, To answer your previous question AH says in the interview we are still drilling hole 4 at Blue Moon.
I guess that hole 4 is being drilled to a greater depth as they seem to have been on it for some time in comparison to the others?

By in Victoria I think he means Creswick as he said the drill was moving there next in the previous interview (perhaps Blue Moon has now declared itself as a separate gold rich state ;-)