Member Info for TalkingSense

apologies Rodders , forgot to add the playful wink after the crayon comment...no offence meant

https://twitter.com/ecrminerals/status/1360215854177206275?s=19

Rodders, It's those big gold coloured bits at the top of the quartz...a similar colour to your yellow crayon.

Hi GettingBy,
Simply put he is looking to have a JORC resource which is a regulatory compliant estimate of how much gold there is in the ground. Once you have this you can assess the economic feasibility of mining and it enables finance to be obtained on better terms as you have 'proof' that the gold is actually there.

https://twitter.com/StockBoxMedia/status/1361034233142214662

8 trades of £50....MMs get their ducks in a line?

**the hole was completed at the start of last week

Assays were promised back in two weeks...and the hold was completed at the start of last week...….so maybe a week or less to wait for the first assay results.

If we get anything near Fosterville type grades early on this will double digit without Creswick JV......we can only dare to dream.
Interesting to see how speculation on drilling results and JV pushes the SP this week.

The block listing was purely an admin exercise.
We knew all the warrants have been issued....the block listing stops the requirement for the company to issue an RNS every time someone converts any of them ...and can simply issue one summary statement every six months.
So there is not going to be an avalanche of new shares on the 17th...it will just be another day drilling a lovely gold filled reef ;-)

Next news will be how they will amend the plans for the next phases without the 420m share issue cash....
….I guess that will come after all these millions of orders have been confirmed that we are still waiting for (whenever you are ready!)

Great news for shareholders that the 420m additional shares won't be diluting this.

I see the board offset the cheap shares they would have picked up with " However, the Company is reviewing the remuneration packages of employees across its subsidiaries, which will include the issue of a small number of options to those staff." ...........They don't miss a trick to feather their own nests.

Good positive outcome for shareholders though.

jsmith, I think that's your 6th or 7th "Is it going to dip?" post on ECR in a row.
I hope you get you buy in target soon ;-0
However if I were you I would get in quick as new license news or a sniff on JV progress and you would have missed the boat.
And now we will expect the first drilling results in a couple of weeks and Craig sounds pretty confident....there be gold in them there hills!!

correction **as economical to set up the mine

Trek, I think the main reason CB has drilled HR3 first is that it is at shallower depth and so a better candidate for the first mine.
Blue Moon probably has a larger resource, but is not as economical to mine....So I would think the longer term plan is to start generating cashflow from an HR3 shallower mine to finance the next mine....then rinse and repeat on to other areas of Bailieston/Tambo/ new licenses.

The 5 day lockdown might?? stop the drilling for that period (not sure) , but hardly a game changer.
JV discussions will be unaffected as this would be happening between WA & London.
First set of sample tests timeline impact unknown depending if they are being done in state (again worst case scenario is a 5 day delay) or out of state (unaffected).

So this lockdown is more of an inconvenience than a problem.

Block listing RNS.
117m which I think covers every warrant outstanding (might as well as he knows the 5p warrants will be easily in play within 6 months ;-)
Still 847m total shares so that's unchanged.

Decks now cleared from a warrant RNS standpoint.
Ready for progress news!!!!!

forgot:
MGA carries a $ multi million tax credit
Craig Brown has a track record of bringing mines to production

Feel free to add to the list :-)

Just going over it in my mind:

CRESWICK JV:
3rd largest miner in the world interested (CB interview)
up to $8BN potential gold resource (CB)
On site DD completed just before Xmas(CB)
Technical DD VERY favourable (CB)

BAILIESTON
Drilling commencing at HR3(confirmed)
We have our own rig, spares and crew(confirmed)
Drill samples have been sent with results promised to be processed quickly (CB)
Some areas of B'ston appear to have similar geology to Fosterville (CB)
We know we have a couple of hundred Oz @ Blue Moon (CB)

OTHER
We believe there are c100m warrants outstanding (posters calcs from this BB)
We have c£4m in the bank (confirmed)
No cash raises anticipated until at least end 2022 (CB)
We get 42% rebate for drilling activities from GOA (confirmed)
8 Licenses applied for (co. website)
Hope to hear about granting of some licences imminently (CB)
Looking to build own lab (CB)
Tambo licenses granted in 2020 in an area where our geologist did his 3rd year thesis (confirmed)
Shenyang holds 55m shares and are a £1bn company (confirmed)
They are supportive shareholders and 'have offered to build a mine' or provide assistance where they can (CB)

156 trade ...about to move with this MM code (sorry could not help myself)