Member Info for TalkingSense

https://www.**********.co.uk/articles/alan-green-discusses-the-market-on-the-beach-ecr-minerals-echo-energy-2ce7cf1

And one from Andrew Scott
https://twitter.com/AndrewScottTV/status/1581910730961395712?t=cYa3BqaT8Y26C68WGY-2ig&s=19

You don't buy a second drill unless you are very confident !!!!

mikee_p....just those 500k and 200k buys that happened to come in just before the RNS (nudge , nudge , wink, wink, anyone got an inside line?) selling on with their quick profit.
Excellent news in the RNS and definitely something to build on

From the 11th August interview also worth noting that ECR has applied for additional licenses around Blue Moon....obviously very keen to get as big a footprint/resource area as possible.

Queensland, or initial Blue Moon results are looking good (they do their own testing prior to sending samples to the lab so they know what they have, they just cannot announce it until they get the official results) and they want to accelerate that to a resource.
Or they want to drill two of Creswick, Blue Moon, HR3 and Queensland.
So much potential and many strings to the bow and yet there is zero built in to the Mcap above the asset value.....a good time to buy if ever I saw it.

A great sign of optimism by the board showing that they believe we have the resource in the ground and a second rig will prove that up at greater speed,
The delay of the second rig was a little worrying, but the fact it has been confirmed is a great positive.
Also like that AH has negotiated a 'very preferential ' price for the rig as well.
Pieces are slowly falling into place.

BCB, Creswick has a 12km strike length.
Blue moon is not as big, and the extent of the resource is yet to be established....would be amazing if we can confirm the killer grades on the 2019 drilling and extend the known resource further

6 trades this morning totalling around £300 (no the k is not missing off the end of that figure).
The big money has certainly not arrived on the ECR trading floor this morning ;-)

I'm pretty sure he is safe

Yes, News on a couple of fronts in October and November.
HR3 final results also to come and maybe some more news on disposals....I think we will get something on the Danglay disposal over the coming months.
Things will certainly start to take shape and the AH ECR plan will become a lot clearer in the coming weeks/months.

Yes, AH and Adam seem to have got them working well. A good starting project for AH with his first initiative ahead of schedule.
And expected initial results by the end of October......the labs move a bit quicker in Queensland than they do in Victoria :-)

The naysayers have driven this down with unfounded rumours (the cash call/dilution one was the initial catalyst that proved to be wholly untrue)
Mentalmax's post (copy below) from the weekend summed the position up perfectly IMHO.
I've been happy to add heavily over the last couple of weeks and added another 1m this morning (the early 400k & 600k trades). Could not add in one tranche so I would suggest that there is no 'big seller' currently active , otherwise I could have done that easily in one trade.
Big rebound coming here this week I believe.

"Many waxed lyrical about the London trip being a sneaky raise trip, all in our heads.

End of the day/week, we sit at a measly 6m market cap! That values our acreage at sod all! The same acreage Adam & Co have -

- Identified an anticline structure that hosts gold (work in progress, admittedly not the most exciting at present)
- Found commercial levels @ Blue Moon & following it up as we speak
- Identified 'pockets of 10-20m' of nuggety gold @ Creswick with licenses pending
- Our 50k Queensland acreage (correct me if I'm wrong, I'm going off memory) was supposed to be valued @ 2m once granted. Elephant country! If Blue moon is a lottery ticket, QL is the Euromillions.
- Asset disposals still to come cushioning our already healthy cash reserve.
- Run by a guy who turned an 8m company into a 250m company in 4 years
- I'm sure I've missed a few things.

All for 6m. Not a lot has to go right at this stage for us to be back over a penny. ECR has had the worst luck and sentiment I think I've ever experienced but the actual investment case is still absolutely there. So while we speculate about Chinese Coups, phantom raises & end of the world scenarios.. Adam & Co are busy sampling rocks and drilling a hugely exciting prospect ('The whole of Victoria is watching')."

Where is the proof/ announcement HR3 is not viable...its not been said.
Where is the proof the Chinese or another major shareholder is selling...it does not exist.
A lot of false info here today

4 x 1m sells and all of a sudden the Chinese are deserting us (according to some)...LOL
We'll wait to see if a TR1 notification is forthcoming of if it's just a PI offloading.
I feel like Rambo at the end of First Blood , going in all guns blazing and buying as many as I can.
As he said "Nothing is over, you just don't turn it off!"

Really low volumes daily...only takes a few trades in one direction or the other to move the SP.....just more sells than buys at the low volumes sending it slightly lower each time.
Down this morning on £1200 of trades

P1D, No not in THR so no comment.
I must admit I have moved the majority of my portfolio (a higher % than I should) in to ECR as I believe the current price is an absolute steal.
A lot of quartz in those samples which is always a good sign ....surprised that no-one has commented on a 'glint' that they have spotted ...LOL

Paul1Deano, I think the main 'mystery' hanging over from 2019/20 is the Creswick JV.
CB claimed that there were just licensing issues to be resolved before a JV could be finalised.
The widely held thought at the time was that this was waiting for the license that 4 or 5 parties have applied for to be awarded. This would then clarify the extent of the DMS that ECR hold (from memory 7km or 11km depending on the award). Once this was clarified then final negotiations would take place.
A lot of time has passed (thank you GOA:-( ) and there is no knowledge if the JV offer/approach is still in play or not. Once the license is awarded(to us or another party) then we should get clarity on the situation quite quickly one way or another.
The other event that most investors have been waiting for since 2019 is getting the drill rigs back on Blue Moon which is hugely exciting and a potential game changer. There was massive delays as getting access to the land proved problematic.......but we are there now and the drills are turning.......now just need a little patience to wait for the results which will hopefully back up the initial impressive grades and widths and also give a better idea if the resource extends out further.

I'm sure that the news over the next few weeks will start to make the picture clearer.
I think we are at/near bottom so I've added quite heavily over the past couple of weeks (more today).
Just too many prospects and too much news on a number of fronts to remain at this level IMHO.

In the coming weeks:
HR3 final drilling results
Sail sampling - Victoria
Initial findings - Queensland
Drilling completed - Blue Moon

Other/Unknown timeline
Drilling Results - Blue Moon
More disposals to improve cash positions (Remaining properties, Danglay? & Argentina?)
Disputed license allocation
Next stage Creswick drilling commences
JV???
Queensland next steps

andersj, I think the drop also needs to be put in to context with the wider sector.
If we look at a number of other junior miners then they have followed a similar Sp trend. GGP (and comparison favourite on this board) for example has dropped 40-50% since the start of the year which is extremely close to ECRs share performance over the same period.
Calling out AH for not doing something and then not having an alternative for what he should have done (he can't just make good news up for the sake of the short term SP) is just not on IMHO and a few here have done that.
AH is interested in the long term future for ECR and I am happy that he is taking the correct steps to ensure we have the best prospects going forward.