The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Looking for this to challenge/breach 0.25 this afternoon
Wow Notrex, You are on one today...replying to every post (can't let any positivity on the board cn we?....lol).
News flow due:
Lolworth latest gold sampling results
Lolworth REE sampling (I seem to recall this being referenced in a recent interview)
Drilling Contractor and Drill start date confirmation
Drilling Started confirmation (before Xmas)
Then Drilling completion and results (likely January)
Others that may appear at some point:
Disposal of Assets (rigs/ licenses/machinery/property)
JV (just for you TI)
Further drilling campaigns
So potentially a lot of news flow.
The main known news flow will of course be the drilling and results.....I expect the SP to rise as anticipation increases. Get some good results there and the SP will stay well north of where we are now.
Notrex's posts from today compiled in video: 😉
https://youtu.be/mLNrLI3OBwg?si=pOYVo6SCJnGMu59m
And that's the crux of the investing case at the moment Notrex (ignoring all the testing, drilling and positive results from Lolworth)....The SP is in the pothole at the moment and for any new investor/ topping up buying at these levels there is a great chance of making a decent profit even if it only get's to 'gutter level'.
For LTHs there is a way to go , but for new investors this is a pretty compelling investment to make.
To be fair Notrex, You said earlier today that the company MCAP should be at least the value of it's assets which as of the last financial report would mean the SP should be 0.35ish....an that's without the new KP license factored in .
That would account for zero gold as well....so no potential built in to that price.
Does seem very undervalued at the moment IMHO.
I do hate it when you start ramping....lol
Notrex, It seems to have replaced the mindless deramping crap we had to put up with for months ;-)
TI is still in the green bin (I assume he's still spewing immediate JVs and drilling on every license we own...lol).
It's pretty obvious to see those with agenda's on both sides on this BB...the skill is pulling out the valid points from both sides
C1p2D,
You've hit the nail on the head.
The 2019 drilling campaign results were extremely encouraging and improved with the whole of bag testing due to the nuggety nature of the gold..
The Creswick drilling campaign run earlier this year by AH (which felt like a bit of a last throw of the dice) gave disappointing results although gold was present in each core.
The nuggety terrain does mean that drilling is likely to be hit and miss on occasion , however there has been a lot of very structured soil sampling to identify where these 'shoots' are located in Creswick, with Cuboid Hill obviously being one of the primary targets identified (amongst 10+ targets we are led to believe).
The Pp is where it is as recent drilling has been disappointing, however IF the upcoming drilling finds a decent level of gold then the interest in a potential JV will be re-ignited. It was the potential of a JV that drove the SP to 4p last time so you would expect the MCAP to go to a similar level if there was confidence of a similar JV approach at Creswick.
A JV at Creswick with the partner doing the heavy lifting would free up ECR to spend it's efforts on Lolworth and continue the excellent progress and results that ware being achieved there .
Of course the other prospect moving forward is JV interest at Baillieston which is adjacent to Southern Cross and you would think also subject to interest?.
Plenty of possibilities ahead.
Nick Tulloch interview from M&M today
https://youtu.be/aatYg462DuI?si=3SbFugH9dcfknYTv
But if they hadn't got a second opinion you would have been screaming blue murder..... Already a post from someone today asking if Nick & Doc just made the decision themselves.
From a new Directors point of view getting a fresh pair of eyes on the data was a prudent move.
Must admit I give AJ some slack as he discovered Lolworth which I think will develop into an absolute monster asset over the coming year or two.
He does need to up his game/get better luck on drilling (depending on your viewpoint) in Victoria or the pressure will be on.
We know that they were getting second independent opinions on the assets so you would assume that they had some other geologists looking over the Creswick data to give it a second check
Dan , That's what the Q&A session is for. ....and why the change of plan from Baillieston to Creswick?
We should not bash or praise the decision until we know the reasons.
"Better not be because AJ wanted to walk to work! "......made me chuckle
Mental, At least this is a quick 2 week RC campaign so alot cheaper and quicker than AH's Creswick diamond drill 'shot' earlier in the year.
If they were using the 'in the neighbourhood' theory of drilling they would be at Baillieston which is right next to Southern Cross.
Let's hope for a repeat of the 2019 results and not the 2022/23 ones
As you say Dan, If we have churned (as most people believe) 100m+ shares then the SP has held up really well.
I still would like to know why they have switched the drilling plan from Baillieston to Creswick?
Could be one (or more) of the below:
- Interested parties for Creswick partnership , but need further data/confirmation of grades before talks progress?
- Interested parties on Baillieston as is, so it's pointless drilling ourselves when the partner will do it in future?
- After review Creswick is a better prospect
- Or other reason?
Rude! (lol)
How about putting some information /commentary on here about ECR , rather than general abuse and twitter conspiracy theories?
And I thought you would be putting (tic) on all your posts
(tic) ....lol
Funny how when you put something that's not correct that it's always claimed to be tongue in cheek....lol
Perhaps let us know by putting (tic) at the end of your joke posts?
Notrex, Ballieston is next to Southern Cross, not Creswick so that is definitely not the criteria.
** at least 10 additional targets @ Creswick
(from this morning's interview)
Cashking....They've identified 10 targets at Creswick.
Or did they switch from Ballieston as something else is happening there ;-)
Fair enough Dan.
In the asset summary RNS released a month ago they said they were looking to drill to the north of HR3.
Interesting that they've now switched to drill Creswick ;-)