Member Info for TalkingSense

JTB, lol
Exactly..No one should listen to fools like us !!!

Which onion company is he invested in?

Yes, a slow day ;-)

"The stock market is a device for transferring money from the impatient to the patient "

Warren Buffet

AG ,Agreed, if people are in for the long haul why are they fretting about 0.1p here or there or if news comes today or next week. The quick way to a stressful life.

Another strong suppott base being established around 3.9 yesterday/today.
Going to be a fun couple of weeks watching the SP as it can fluctuate greatly over the Xmas period on comparatively low volumes.

Then we are in to 2021...or 'The year of ECR'

400m placing and 420m warrants
And people are trying to put s positive spin on this.

Not enough confirmed orders to fill the capacity of one machine.

No positive news here.

https://www.branduk.net/usd28tn-covid-bill-keeps-the-gold-bull-case-intact-for-ecr-minerals-ecr-and-the-new-victoria-gold-rush/

Yes, about 21m shares....big volume
Will be an interesting end of weeks trading tomorrow.

Breach 4p or more consolidation around 3.9?

I think he would prefer to go it alone, especially as he as said a couple of areas in the license have similar characteristics to the Fosterville mine (and he described them as "printing money"
A couple of months ago he alluded in an interview to raising finance with Mining Banks in Australia so that shareholder value would be maintained.
My guess is the roadmap is:

If we prove area's up to JORC standard in Baillieston it may enable that financing to enable us to start producing (this will be further down the road).
That and the 20/30/40% of Creswick we will hold with our (hopefully confirmed)JV partner in Creswick will make us financially self supporting and enable substantial growth with Tambo next on the conveyor belt and whichever of the 8 licenses we are granted being lined up....and any future projects we aquire

The problem is that if we farm out both on JVs then we would be subject to AIM rule 15 and would effectively become a shell company.
CB is not keen on that as he is wants to run a mining company.
Having said that it would be remiss of Craig not to explore all opportunities.
With Newmont holding their only licence in Victoria adjacent to Blue Moon could we do a JV only on that area of Baillieston without triggering rule 15????... I'm not sure (anyone?)

If you'd seen him swing a club, he definitely was NOT Gary Player!

Not sure if everyone noticed last nights RNS.
Craig Brown exercised c£40k of warrants , so has bought more shares in the company.
Shows confidence!

He would also say
"The more I practice, the luckier I get"

:-)

Still think this will drop to 1200 once the debt pile reality hits home. That's clouded in the vaccine fog at the moment but that fog will clear.

Fog trivia:
QM2 has the original fog horn from the Queen Mary and it is the loudest on a cruise ship in the world.

Nice summary on the podcast.
They compare GGP and ECR which is inevitable as we are on the same runway as GGP were 12-18 months ago.
I loved the way he almost put a future figure on ECR then caught himself in time.

Personally don't mind the comparisons with GGP, just don't want to know everyone's trading history on other shares.
Making money/not making money previously does not make your views any more or less valid.
And as my old man used to say on the golf course:
"A lucky golfer will beat a good golfer every time"

I hope you are all "lucky"

Thanks Q.
Always good to get some balance

God, you lot are so optimistic....lol
Can someone please post a negative on ECR

My guess would be that the travel restrictions lifting on 8th Dec means that there is now the ability for Newmont to do the site visit and JV process to progress.
This has brought more people an awareness of ECR and its potential.
Fortunately some of us spotted that potential before the wider audience.
The genie looks like its out of the bottle now though.

So GGP mcap is currently 50-60 times that of ECR.

Jack...interesting maths isn't it
;-)

Just over 5 minutes in on the link below ...but worth listening through the whole thing

https://www.share-talk.com/craig-brown-chief-executive-officer-of-ecr-minerals-plc-interview/#gs.95kwap