Member Info for TalkingSense

CB has no skin in the game...….of course except for the 4m shares owned and another 10m share options.

Anyone lucky enough to find a golden ticket to today's AGM?
Would be nice to get a summary of what's said as I guess we will just get the 'all resolutions passed' standard RNS after.

Has moved above $1750 for the first time in a while

Another reason we should get some clarity on what the £2m is for this week.
Craig is not going to want to stand up (all be it virtually) in front of shareholders without the extra investment reasoning being clarified as he would get slaughtered.

Wow, alot of discussion last night...I thought it was the weekend again.

Funding is to expand the drilling process so either another drill purchase or we are hiring another drill...no other way to accelerate a 24/7 drilling programme.

Could it be the no further funding required statement was based on cost projections with one drill only?

If we are getting a second drill is it likely that the first six holes were dusters and CB has suddenly become a gambler and wants to throw a second drill at it in the 'hope' we hit gold.
Or is it more likely that the results are good and CB with his experience knows that proving up a JORC quickly will massively increase shareholder value in the mid-long term and enable easier routes of financing moving forward when much larger sums are required if we take this towards production ourselves, or will give us a much stronger hand in any JV negotiations for Baillieston in the future (we know there have been recent approaches enquiring about Baillieston).

I don't know about you, but CB seems to me to be level headed and concerned with long term shareholder value and a company vision...not a gambler who ponders to short term traders.

GLA whatever your decisions here...my shares are staying firmly locked in.

My guess is that the initial results are very encouraging on the drilling and that CB is pressing ahead to get a JORC resource ASAP as this will open up future funding opportunities (as well as massively increasing the value of any potential JV on Baillieston)
I believe we will also do some drilling in Creswick (be that existing Creswick or extended Creswick) to fulfil licence renewal requirements or part of a JV requirement.

CB said in interviews last year that they had brokers queuing up offering to do placements/offerings for them so I don't think it would have taken long to organise it.
I'm guessing it's been about a month as that's when the new presentation came out...which I am guessing was aimed at supporting this placement.

No major skin in the game apart from the 4m shares he currently owns and the 10m share options he has.

AG, I believe it was POW that was one of the other 3 applicants on 7537.
PJ did his usual grandstanding in an RNS and stated that they were going for the license with 3 competitors where as Craig said in an interview that he would not have highlighted it until it had progressed (shows the difference between the two) .....Craig then followed it up by saying ECR were a proper mining company that did drilling programmes every year....subtle dig ;-)
It will certainly be an excellent result if we come out on top over the other 3 on that one.

If they release the first five drilling results I would hope that at least 3 out of the 5 are decent.
There will be the odd one that is not great as they are exploring the extension of the reef so when they drill at the extremes they may not fully hit the resource , but will have identified where it ends....all part of the process

Well someone is confident with a cheeky little 2.5m buy @ 2.5 this morning

Interesting to see if we get some crazy 'first hour' SP fluctuations after ALOT of posts at the weekend , both optimistic & pessimistic.
And if so in which direction.

Morning all...I see slot of you have been busy .
I've already speculated on the funding use and I think it's been covered at length over the weekend.
I expect that we will get the interview released today or up to Wednesday.
Previous interviews have been completed under NDA and then released a couple of days later, usually following an RNS.
I would therefore not be surprised to get another RNS very shortly...and hopefully some clarity.

Glittertip, He may have to look to acquire one or two more licenses if Baillieston and Creswick were both subject to JV agreements, otherwise this would trigger AIM article 15 which is something that the company has stated that it does not want to happen.

Still here, Have posted a couple of times., but lost in the many posts today (sorry if I repeat).
CB must have a plan and I believe we will get an update on this very shortly...and I expect it to be aggressive/advantageous otherwise why raise another £2m when you have £3.8m in the bank already.
That's one reason I'm confident the initial drilling results were positive as CB did state that if things went well they would look to add another drill (Jan or Feb interview) and here's the extra fund raise right on that target timeline.
Also extra activity could be part of the Creswick JV agreement and us putting our hands in our pockets/ sharing the drilling could mean that ECR keeps a bigger slice of the pie.

Yes, 2nd drill …..at least.
Additional money could fund 3rd drill and some R&D @ Creswick to enable a better JV % deal.

All speculation...it'll come out over the coming days/weeks along with the initial cluster of drill results and we could be in a significantly stronger position than today.

You don't raise and additional £2m , when you've got c£4m in the bank already unless you have a specific plan.
This will be revealed over the coming weeks IMHO along with the initial drilling results.

My speculation is that we keep a higher % of Creswick if we fulfil a share of the drilling/exploration costs than if we stood by as a silent partner on the project.

Fully expect to see an update with 'Midas 2' on order over the next couple of weeks.
Also expect to get the first cluster drilling results by the end of the month.
CB is taking the long term approach here and with the extra cash I can only surmise that we required some cash input as part of a JV, CB has negotiated a buy in on another license,...….. or CB is going to be very aggressive in proving up the resource and we could get Midas 3 …..now that would be interesting!
This will play out over the next week or two as I'm sure CBs plans will be revealed.

I would expect a drilling result RNS in the next day or two.
I suspect that they have been studying the results when planning the future drilling campaign and they would not be expanding the programme if they were dusters.
Proving the resource quickly was one of CBs stated aims and the second drill rig around mid year was also where CB was aiming, which this funding will enable.
Once proved up CB can start to realise the value of the company and also frees up future funding opportunities.
One step back to enable two steps forward in the future.

Or nothing else they are allowed to say !!??!!
I personally quite liked the slideshow as an overview document.