The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I'll have another 439k .....added c2m over the last couple of weeks as I don't think we are going to be in the low 0.2's for long.
Next set of Lolworth results due any time (Lolworth is shaping up nicely)
Drilling to commence within the next 6 weeks
Possible disposals to improve the cash book
NOTHING priced in to ECR at these levels and plenty of potential on multiple fronts.
Any of positivity from news or drilling and this is off to the races....Going to sit and wait.
Bit tetchy there Chipolata boy. I suppose four could be classed as a 'bunch' ....albeit still a small bunch.
FYI ....Re-iterating the RNS info and drilling plans
https://youtu.be/8P3NBq-LqfY
So the list below is six posters ....one of which is a Director of the company and one which is likely contracted to ECR (Stockbox).
So four other posters.....a small bunch (not exactly a twitter wide conspiracy)...lol
So the issues that were highlighted by the naysayers are starting to be knocked off one by one:
ECR running out of funds - Raise done with no near term requirement for a further raise.
ECR are not drilling - will be by Christmas
ECR cannot afford to drill - not true as this campaign and others are funded (as per today's interview)
ECR Directors have no skin in the game - Directors have extended their salary sacrifice for chares which will mean that overall the board will hold at least c£240k worth of shares by the end of 2024.
VIC is dead - not true as recent results from Southern Cross show that the area is very much alive.
All historic drill results for ECR were poor - What about the 2019 campaign and the improved whole of bag retesting results?
The BOD is ticking off the boxes and pushing ECR forward. This and the excellent results that continue to come from Lolworth for both gold and Rare Earth Elements mean that ECR is shaping up nicely.
Dan it's lucky that no-one on here was pushing the idea of a JV announcement being the next RNS then.
Good morning TI .
So all the naysayers were complaining that an exploration company cannot find gold if it's not drilling and ECR won't be drilling until the next QLD dry season....one in the eye for them.
Drilling before Xmas and results in Q1...and another 10 prospect areas in Creswick already identified.
No need for another cash raise any time soon.
Sounds like progress to me!
Norex One ramped does not a pump and dump make.
But hey, this is AIM...all sorts of shenanigans happen here.
Personally I believe that progress will be made by the company and the SP and there will be many ramps and deramps posted.
DYOR is slways the golden rule (I have)
FFS Tamer, Change the record will you.
A good days trading does not make a 'closed period' any more certain.
I 'would agree' that you are a mindless ramper who has predicted a JV deal at Hurricane and about half a dozen drilling programmes that have never happened.
I'm going to put you on the blocked list so I don't have to put up with your pathetic drivel...Jeez
AFTERNOON NOTREX, Some sustained buys this afternoon....and with decent volumes.
My feeling is that the seller is finally exhausted and we are free to run.
The Q&A next week will increase speculation that something is a about to be announced as they generally (but not always) hold these things after the release of news.
More people are tipping ECR to move upwards....This shows that the understanding of the potential of ECR is spreading or ECR is being ramped, depending on your own viewpoint.
You know I think we are well undervalued at these levels and any news will see a re-rate IMHO. But time will tell
💰💰Buy, buys and more buys today.
Looks like the seller may be done and some chunky positions being taken......just the start!
Ti, no-one was deramping ECR yesterday.
They were criticising you blatant ramping.
And you posts detracted from the positivity ECR is building and stifled any meaningful conversation on the BB, turning people off the board and having a negative effect...exactly the opposite of what you wished for (allegedly).
As you know I am a genuine holder, but I find your self indulgent ramping to be very distracting and off-putting on this BB. Read back yourself over the last 24 hours here and you will see what I mean...points scoring and no meaningful discussion.
The next RNS will likely be the next set of results from Lolworth IMHO.
AJ drew a blank on HR3 , but was that bad luck? They are looking to drill again just north of HR3 so I'm guessing they saw something they like in the geology mapping.
And AJ was the one who discovered/persuaded ECR to take on Lolworth which could be the major license of the company by some distance over the next year or two if results continue to pan (pun intended) out.
I did enjoy the Itagon spike though ;-0
Yes, closed periods are a nightmare when not announced.
I get the feeling there will be no more 'consultancy fees' now that Nick is applying his 'Scottish' approach (as per interview).
Time to look forward and not back....I get the feeling this is going to move tomorrow...the sellers look like they are running out of steam and buys continue.
Tamer, I have to agree that baseless or fanciful ramping does as much if not more damage than the derampers.
Doc was giving gge impression that there are possible deals being discussed and his sudden stopping if posts on ECR assets would lean in to that theory, but there is no evidence of the size , type or timeljne for any possible deal so shouting JV is a pure guess/hope.
.....and its pretty obvious, like kast time you claimed it, that you have not blocked Mr 1.38
Morning Tamer, some points raised:
All we know that they have received many calls about assets both in Queensland and Victoria.
Some of these calls are "interesting" and have "had follow up" and they have "sought secondary opinions"
We do not know if these are still ongoing, what they pertain to or if they are progressing with any of the offers/proposals/enquiries.
There is a long list of possibilities (some of which you listed below), however we do not know which licenses or on what basis.
For those who missed the long interview with Doc a couple of weeks ago ...this is definitely worth a listen.
https://spongeshare.com/2023/11/02/investor-meets-director-ecr-minerals-coo-mike-*******/
Also in the interview, when mentioning the proximity of Baillieston to southern cross Doc mentioned that there is a lot of interest being generated in the areas and some calls taken have included the Baillieston asset. He was very general and not specific on the content or outcomes as he is bound by what he can say.
The weird trade was the 3,002,456 share buyer late Friday afternoon who sold at 8:15 this morning for a £600 loss.
Must have been convinced that there was news being released this morning which didn't materialise?
Delayed 6.25m buy just shown up
It has to be transferred with continuity of ownership, so some sort of RTO deal for MGA would fulfil that requirement so I would expect a deal to be inclusive of all of Creswick, Tambo and Baillieston so that would be a very significantly sized deal.
Any deal that could accomplish the transfer of that Tax credit would immediately bag the share price IF it were accomplished.
Mental, Don't we all.
Another 10m chewed through already this morning and the SP is holding firm.