Member Info for TalkingSense

Over $4500 😁

Getting ranty/ flustered there, my little BB clown.

", its all made up!" Like your posts .....Oh sorry to mention post.I know it's a sore point with your X and the postman.

Go to go now, but you keep trolling (you've nothing else to do with your sad life) .

Coco, You made all the baseless statement ....so not up to me to prove a counterpoint, that I have not made

The One and only statement made on Raglan PROFITS covering G&A made by the company is by Nick (that's on record):

"There is a very real and very probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE"

Raglan estimated (and it is estimated) grades being similar to BM (0.35 b.c.m) was a statement made by the company (on record)

The estimated profit of £186k a month is based on the above statement.

As you correctly said these are estimates and we won't know if there is an increase or decrease on these until we start production .....we do know that there is a 40% buffer in the profit estimate compared to what ECR need to cover their annual G&A,.

There has been no update on the BTC strategy since the last update.

We also know:

*We are fully funded to at least the end of 2026....the spectre of a further imminent raise is removed (FACT)

*The Raglan deal has been completed (FACT)

*PRODUCTION is expected to commence at the end of January at Raglan (FACT)

*Lolworth drilling results returned betted than expected drilling results with silver extending beyond the originally forecast area (FACT)

* Gold & Silver prices are both surging at or near record highs with expectations they will rise further (more profits/value) (FACT)

* Blue Mountain mining license will be applied for this year (FACT)

We have another A$1m of tax credits with the Raglan deal as well as our own 60 tph washplant and other required mining equipment (FACT)

*The company remains debt free (FACT)

Coco,

Can you provide where the G&A statement that Raglan will cover ECR G&A has changed (it has not).

Can you provide evidence that the equipment that came with the deal was valued at less that $500k (you can not).

Can you prove that the DD testing was done over a small area and doesn't give the company confidence of the grades (you can not).

Can you provide any or evident that Raglan has been overmined(you have just made that up)

So as accurate as usual with your post ....total lies

The £186k A MONTH PROFIT is an estimation and based on the information available (it is an estimate and we will see if the actuals come up short or exceed)

As Nick stated "There is a very real and very probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE"

Cococpops...(non shareholding resident troll)

The company has stated that through their DD testing they saw grades similar to BM (0.35 b.c.m.)

We know the capacity of a 60 tph washplant (the clue is in the name)

We know that they are looking at a 10 hour working day and working Mon-Fri.

So we can make an informed estimate of the PROFIT at Raglan at $252k /£186k a month.

And yes, I know that you are going to say that they could work a 7 day production which would increase the figure, and the 20% downtime is pessimistic so I may have lowballed the profit.

Based on the information provided by the company this is the estimated PROFIT ar Raglan....it will vary both higher and lower as gold grades are not evenly distributed throughout the tenement.

The company had stated that they expect the proceeds from Raglan to cover overall G&A (c£1m) for ECR and more.

Coco pops,,, another blatant lie:

A 60tph washplant will process around 33 bcm per hour.

Assuming a 10 hour day and 0.35 g/bcm (BM grades which Raglan is expected to be similar to) thats 3.9 ounces per day.....lets allow a pessimistic 20% downtime takes down to 3.1 ounces

At today's price thats around $14k a day.

$2K a day expenses leaves $12k profit.

21 days a month gives c$252k (£186k) profit a month.

Thanks Contrarian (I love AI)

One point to clarify is that Raglan is smaller scale from the point of view of it's overall size,

We have been told that the b.c.m. grades are similar to Blue Mountain (0.35 b.c.m.) and so the amount of gold produced should be roughly inline with BM when they are in full production. Just that the resource will not last for many many years like BM.

Just to put the current position in context:

Compared to a month ago:

*We are fully funded to at least the end of 2026....the spectre of a further imminent raise is removed

*The Raglan deal has been completed

*PRODUCTION has been confirmed to commence at the end of January at Raglan

*Lolworth drilling results returned betted than expected drilling results with silver extending beyond the originally forecast area.

* Gold & Silver prices are both surging at or near record highs with expectations they will rise further (more profits/value)

* Blue Mountain mining license will be applied for this year

We have another A$1m of tax credits with the Raglan deal as well as our own 60 tph washplant and other required mining equipment

*The company remains debt free

* The share price is up 20% in a month

Eloro, No Director in the history of AIM has ever stated that they are going to do a raise as it would be commercial suicide for good reason.

Let's play it through

Nick states in yesterday that we will be starting production at the end of the month and to secure ECRs finances we will raise £1.5 million via a share raise

Shareholders immediately sell their shares and the price plummets to 0.2p

The Investors turn around and say "we're not paying 0.27....I want to pay 0.16" and ECR are over a barrel and shareholders suffer massive dilution.

The price plummets further.

That's why directors never indicate a raise is coming , and Nick never said there would not be a raise (Doc dropped a bo***ck big time 18 months ago when he made that mistake) so you have not been lied to.

If you don't trust the BOD then sell up and move on as you're a fool to stay if that is the case. If you do trust the BOD to deliver then hang around and good luck with your investment (I think it will turn out well ! )

Baileysea, Are you going to post your trading history ?.....I thought not.

I admit I didn't see this coming (like you didn't see Raglan going into production any time soon...but it is).

Did I say there might be a small raise ...yes.

Was I wrong .....yes, much bigger than I expected

Does the raise de-risk ECR - yes, I can see the logic behind it.

So ECR are now fully funded for all activities and allows expansion /acceleration of some .....increase in activity at Lolworth would be great.

With cash in the bank any fluctuations in production will not put the company in a bind in the short-term now, and all production adds to the coffers giving us even more of a buffer.

I would have liked them to have waiting a few weeks as I believe it could have been delivered in the 0.3's.

Now fully funded for the year , can concentrate on maximising the revenue from Raglan , get the BM license sorted and advance with greater speed at Lolworth which as you know I believe will be a company maker/beast of a resource (not been a poor set of sampling or drilling results there yet ...silver, gold & REE). They will also be having another look at Baillieston for Antimony (not convinced on that one, but that could just be due to my lack of Antimony knowledge).

Wow, Didn't see that size of raise coming.

I guess this explains why this didn't bag on yesterday's production news (forward selling?)

Topped up a few more myself today....fully funded for another 12 months before any production revenue de-risks ECR moving forward.

I dont know why they didn't wait a couple of weeks when they could likely have got the placing away in the 0.3s?

Once the dust settles the negative posters won't have anything to bash (I see the non shareholding Clown is back after saying he won't post again on the board).

I agree Bottmzup. I expect there will have been a few who bought in the low 0.2s selling in to the volume today.

Also there will a few investors keeping their powder dry and waiting for those initial production figures.

Nick was very confident in the interview yesterday stating "There is a very real and very probable outcome that Raglan will cover ALL OF OUR G&A, AND A LITTLE BIT MORE"

However nothing is 100% until they get the gold out of the ground.....only a few weeks to wait.

Hopefully we will get an update on the Creswick JV or confirmation that the BM mining license has been submitted before then (I'm getting RNS greedy ;-)

For anyone new to ECR here is yesterday's interview where Nick gives a quick summary of a number of ECR licenses

https://www.youtube.com/watch?v=koi_IiM0cSg

Can you stop cross ramping PANR on other share boards....especially ones that have double digit% rises today

I calculated 4 oz a day as well, although I went for 20% downtime (added a little pessimism) and a 21 day month so $252k / £186k a month profit.

Either way easily above the c£90k a month G&A cost for all of ECR......enough spare money to look at other projects or swiss cheese Lolworth.

Nice to see the volume building as investors realise the opportunity here.

From Nick's comments in this morning's RNS

“Momentum across the Company has been pleasing in recent months, from strong maiden drill results at the Lolworth project confirming a gold-silver system, to completing the acquisition of the Raglan Project. With current gold prices sitting at historically high levels, the Raglan Project has the potential to be a profitable project, generating meaningful cashflow in due course that can be reinvested across the business.

“We entered 2026 with confidence and a clear operational plan. I look forward to updating shareholders as we move into production and begin generating cashflow for the first time in ECR’s history.”

Closetrader, It's alluvial so you are looking at volume. and that's why they've used b.c.m.

ECR have a larger capacity 60 tonnes per hour washplant.

Doing some math's I believe that they will produce between 0.39- 0.42 ounces PER HOUR ....at current prices and projected costs they only need to produce 0.45 ounces PER DAY to cover Raglan running costs.

Hope that helps.

My calcs:

If they deliver 0.35b.c.m. over a 10 hour day (Mon-Fri) with 20% downtime and $2k a day expenses then ECR will deliver around $252k (£186k )PROFIT from Raglan per month.

G&A for ECR is c£90k/month

New BOD showing they can deliver!

Should negate any raise requirements

If they deliver 0.35b.c. over a 10 hour day (Mon-Fri) with 20% downtime and $2k a day expenses then ECR will deliver around $252k (£186k )PROFIT from Raglan per month.

G&A for ECR is c£90k/month

Absolute game changer !!!!

Let's see if Cocobeans will reappear and apologises for his repeated lie about production starting in months.......Told you it was weeks!

Fantastic news and greatly diminishes the need for any further raises.

Absolutely stonking job by the BOD getting this into production so fast

***ECR - gold PRODUCER*** (that sounds good)