Member Info for TalkingSense

Yes, should see multiple drilling results, news on the 8 new licenses that have been applied for, Creswick JV updates and potential Baillieston JV updates over the coming days/weeks/months.......should be a game changing year for ECR

They are separate licenses, EL007537 is the license surrounding the two you mentioned.
So if awarded ECR would be the sole owner of the plot.

If you go to the ECR website: mercatorgold.com.au and click on projects you can see the map there and it will give you much more detail.

MJT - I think you are looking at the wrong licence EL007537 is the disputed one and is definitely listed against Mercator Gold.

https://earthresources.vic.gov.au/__data/assets/pdf_file/0018/642330/Report-3-Licence-Applications-202102.pdf

"Exploration Licence Application Surrounding the Ballarat Gold Mine
MGA’s exploration licence application EL007537 is for an area which surrounds mining licences MIN5396 and MIN4847 (which in turn contain the operating Ballarat gold mine). The application area includes the southern extension of the Dimocks Main Shale, which is the principal target of exploration at MGA’s Creswick gold project located a short distance to the north, the northern extension of the Ballarat East line and the depth extensions of the Ballarat West line. EL007537 is a competitive bid with three other applicants. Further information on EL007537 will be announced if MGA’s application is successful."

It's funny when posters put multiple negative posts on the BB and then complain that the SP has dropped because of negative sentiment.
They also constantly fret about a short term drop in the SP when claiming to be in for the long haul.
Must be a stressful life for those posters.

As far as the tweets are concerned ECR have always posted repeating posts for as long as I remember. It's just so that these is a constant presence on Twitter as it is more of a PR/awareness channel. The interviews and RNS releases are where the real news/update details are released.

Don't usually filter but nbul1 is in that exclusive club....adds nothing with constant 1 liners (thinks it makes a difference ..lol)

Nice to see a bit of blue today....I think we are oversold (but I am biased) and should head quite quickly back to/towards 3p+
Maybe a bit of positivity to end the week and set up for a red dot watch next week?

officemanager, think Herbie is well off the mark...cannot see it going sub 1p this week.
What do you expect the next bit of news will be?

Magoo, Agreed.
After a years worth of drilling results proving up 2 resources, (possible) JV on one or two licenses, 8 license applications of which we should get 4 or 5 and with no need for any fund raising this year I will be amazed if the SP is around this level at the end of the year.

Can probably use a chunk for the consultants to get the machine running faster for starters.
If business plan was 5m a month at this point then the 1m total orders will also mean a quicker cash burn.

Need those big confirmed orders....and fast to prevent another cash call (Ironic if they have to do a placing sub 2p)

Bergo, The £4m in the bank is the current position ….. recent RNS's and interviews will confirm this

Partypooper, Need to bear in mind that if they get up to full speed they will currently only be able to produce c1.7m masks/month if they continue to run one shift as they outlined in the RNS.
What this needs is large confirmed repeating orders to justify the MCAP and also to warrant changing the production plan back to 24/7 and 5m a month.

AG, Didn't you spot the 3 holes in the background and football sized nugget at the base of that tree?

;-)

Agreed DV, a combination of the get rich quick crew losing patience, CB 's "very soon" comment, junior miners sentiment and warrant sellers has pushed this down.
Can just as quickly turn the other way with positive news so will top up tomorrow and sit and wait.

At the end of the day people can 'blame' CB or anything else, but only one person owns the decision to press the buy or sell button!

or EUA...….lol

I think you are posting on the wrong BB...this is ECR not ECA

The buy is showing Trek.
Wish I had the funds available to do the same , but need this to stay this low for a couple more days for me to do so....SO STOP BUYING ;-)

No expiry date is specified on the Dec 2020 or July 2018 RNSs pertaining to the award of the options.

And Craig Brown has options over 10m shares as well (RNS 16th Dec). Plenty of 'skin' available.

"10,000,000 options which have been issued to Craig Brown, director & CEO of the Company as part of his normal remuneration and in recognition of his contribution to the Company. This completes the allocation of options from the management and consultant option pool announced in July 2018. The Options have been issued with an exercise price of 1.125 pence per share"

The bad news:
Mining sector is down
Results have not yet been published n hole 1
Some warrants may be being sold off?

Good News:
Indications that hole 1 results will be favourable with visible gold & in house XRF testing
Approached by a party seeking to JV at Baillieston
JV discussions ongoing @ Creswick awaiting a few legal & licensing details to be clarified/resolved.
Fully Funded until 2023 with c£4m in the bank
Got our own drill rig running 24/7

The fundamentals and potential here has not changed.
There is absolutely no indication that the drilling results will be bad.
And news could drop any time on Creswick/Baillieston JVs, license applications or hole 1(&2)

We are in exactly the same position we were in a week or two ago....It's payday Friday and I will be topping up as much as possible if it's still sub 3p

Last two are the most probable....and both are potentially very positive.

Bit of herd mentality here on the trading over the last couple of days..."sheep get slaughtered" ;-)

Possible reasons for drill result release delays:

* Not got them yet - We know CB has been sent the results (interview)
* Hiding poor results - unlikely as he would just release them and get the bad news out the way, also possibly illegal.
* Hiding good results so his mates can buy in - unlikely as illegal
* Hasn't got around to it. - unlikely as full year financials will not have taken much time up recently and CB has repeatedly spoken about his commitment to shareholder value
* Waiting for 'full picture' - possible that he is waiting for additional drill results to release a bumper RNS outlining the extent of the resource.
* Under NDA - possible that a JV approach for Baillieston has meant the implementation of an NDA which excludes the release of results.