Member Info for TalkingSense

One for the chartists (although a few days old): ECR from 37 minutes
https://www.youtube.com/watch?v=bEng_pxw41g

Levi, Not many warrants outstanding now. Must be about 30m tops sub 3p
And about 20m exercisable at 5p (lets hope we gave that problem soon ;-)

may explain the 6m sell yesterday

Another £120k in the ECR coffers

Nudging up towards $1950 (now $1947)

A high proportion...12 of the 68 trades... so far today are small for less than £100 which is very unusual (that's a lot of MM chatter if you believe in that).
Looks like this is going to drift between 3.8 & 4.2 without any further news.
A nice RNS or a tweet of 'Midas' on location with the drill turning would be well received this week.

Into the deep The drilling rig is to be used on the Baillieston license.
The JV is being discussed on the Creswick license.
Only delayed from July as Oz had interstate travel bans up to the start of December.

on the rise $1930....well up from the $1800 levels of a month ago

Morning Dill...I believe the odds are greatly in favour of a deal being done.

Time will tell.

Morning all ….and a Happy New trading year!!!
I wish you all the best in health, wealth & happiness in 2021 (hopefully ECR will take care of one of those).

Trek,
Absolutely agree with you that a bad deal is worse than no deal (I've heard that somewhere before ;-)
We have no financial pressures with the current funding and Baillieston drill turning (hopefully soon) will continually add value to the SP as results are continually drip fed to the market.

Craig has already shown that he is no pushover in negotiations and is prepared to walk away if he does not get what he believes to be true value (Baillieston negotiations earlier this year) so if a deal does happen we can be confident that it will be good for ECR. We know Newmont are "very keen" on Creswick so I am hopeful an agreement can be reached.

His vision for the company is very good and he has already taken two companies from explorers in to production so he knows how to play the long game and benefit the long term holders of shares in companies.

All looking good and news will come.
As with you I am happy to wait if required to get the best outcome and just ride the steady increase which I believe will continue as all 3 licenses progress.

...for balance a deal may not happen and its back to sub 2p.
However with two parties completing DD the odds are in the favour of a deal getting done (but not a sure thing)

Hi Jsmith,
The mcap is the key.
Currently ECR is at £27m.
If we do get a JV agreed on Creswick and keep a 25%+ interest then I can see the mcap easily getting between 90m -130m (14-21p) on announcement of a deal based on peer group pricing through the same process.
The details of the deal will determine if this is the case and we could even exceed this valuation if the deal is a good one or struck with Newmont as a deal with such a major may add a little premium.
Drilling results at Baillieston could add some extra sauce and also I would expect a boost if one or more of the applied for licences is granted.

What a waste of time on the board speculating on something that has not happened.

I'm sure positive drilling results or a JV will have an effect on the SP.

If the MMs short the s**t out of this and take it down to 2p following a JV announcement then I'll be on the phone to my bank manager to arrange a mortgage and plough in to take advantage :-)

Any 'shorting ' would only have a temporary effect on the SP and market dynamic will reign very shortly afterwards.

Has anyone got anything to actually comment on ECR today.

Of course you are assuming that the MMs are suppressing the SP in the first place.
Seen these posts on many shares...funny MMs always get blamed if a SP dies not rise as fast as expected, but are never credited with higher rises.
IMHO it is an urban myth and while it may happen it does not impact an SP to the extent some people envisage.
The distraction on a BB away from the actual company prospects and discussion probably has as much of a negative impact.

GB, If you've been watching for a while and that's your overview of the company then you are either deramping or ivesting in any shares is really not for you.

John, look at the RNS and that will tell you the date of the last agm and the financials.
And then look down about 8 posts on this board and there is a long list of interviews and reading links.

Should give you all the information you need to know.

In fat at least 9m of the 10m are buys.
The MMs have played the sellers over the last 48 hours like a fiddle.

The 6.3m is a buy

10m of late reported trades just popped up from yesterday

Hi Frank,
Glad to see you are on board.
I don't think there is much left to say as all the multiple plus points have been pointed out and the potential/next steps discussed.
Until there is another development there is not much to discuss and this board is not one full of benign chatter (thankfully)...except the odd subtle decamp or cross ramp :-)

Just checked and there are no planned lockdowns in Victoria.
A few cases in Queensland and NSW being cautious on the firework display .

ECR unaffected.