Member Info for TalkingSense

AG,
I have been here for a number of years.
I had an average of over 11p with the old ECR , but did bag a profit as I sold the majority of my original holding during the Itagon bubble when the sp went in to the 70's (the government of Philippines effectively killed off Itagon's potential).

The 'old' ECR was a very different beast when PJ was running the company. His MO was similar to what it is in his companies now as in he scattered farm ins and farm outs across many areas with repeated fund raising.
Our main assets were in 'unstable' areas that did not support foreign ownership (Argentina & Philippines) and there was no great focus or game plan.
I just left my holding dormant for a couple of years as PJ moved on after a share consolidation and yet more fund raising.

Then Craig Brown took over.
He has provided some much needed focus and a longer term plan.
Assets have been concentrated in Oz which has since become one , if not the, gold hotspot in the world with a mining supporting government.
Craig's background of bringing prospects to production along with better focus and planning and the marginalisation of costly and inefficient assets like Argentina led me to invest heavily (for me, but small fry for some holders) over the last year and a half to the extent where I now average around 1p (boy I wish I had gone all in @0.5).
Interest from Newmont and other players has shown the quality of the resources.
With the purchase of equipment it shows Craig's experience and that he is looking to build a great company , rather than go for quick short term profit.
All in all the 'new' ECR is a completely different and much improved prospect from the 'old ECR'
I am very confident that we will see a great return over the coming months/years and that ECR will be a great success story...and getting back to 73p??? Well you've done the maths so who knows.

Hope that helps

has sneaked up to $1840

And Market musings podcast including ecr
https://www.pscp.tv/w/1BRKjBDNBajKw

And the Craig Brown interview from last week....I think that's the full set :-)

https://m.youtube.com/watch?feature=youtu.be&v=hTBNUNIoRlM

https://twitter.com/StockBoxMedia/status/1333333953877594113

Stockbox with Craig Brown

https://twitter.com/StockBoxMedia/status/1333312290905608192

Stockbox with Alan Green

I would watch the interviews and listen to the podcasts from last week to get progress on drilling, equipment, licenses.
The move forward as far as the possible JV is concerned is the lifting of travel restrictions between Victoria & WA from 8th December which will allow Newmont to o their DD site visit....and then hopefully they will be happy to negotiate(or finalise negotiations) on the terms of a deal.
If memory serves I believe the other party has now done their site visit.

Got to remember that this is a worldwide company with USA being the largest market.
Mobilising the grey brigade in the UK is just the start that we need...a long way to go.
And it's going to take 6-10 months to roll out the vaccinations fully in the UK (if we manage to go at 1m per week).

Kabaa
If you look at pages 4 & 5 of the BB history here you will find a number of links to recent interviews and podcasts

AD, A sign of things to come !
Once we get the site visit done we will be in 'JV progress updates could come any time' territory and then anticipation of a possible deal (and the SP) should steadily increase.

Nice to see steady progress over the last couple of days.

The ECR website is back.
I can't see any noticeable differences.....and still no sign of Tambo on the website.

Let's get the discussion back to the company.

Mojo,
Posting blatant ramping statements that are totally unfounded and untrue does not help your credibility or the BB.

Perhaps you should stick to the domain of Trump /your twitter account (free plug there;-) where truth is not really of importance.

Is a deal being negotiated- yes
Will it happen - hopefully (personally I believe it will)
Is DD/site visit to be completed once restrictions are lifted on 8th Dec- yes
Will there be further negotiations - probably.
Will the SP rise sharply if a deal is agreed - certainly.
Is a deal done - not yet.

Thanks for a good laugh today, calling someone else a baby and then posting the dry up Gino post cracked me up.

Yes, not working at the moment.
Mercatorgold.com.au is still up and running

...then what would be the MCAP of ECR?
obviously depends on the deal and who it is with (if we do a JV with Newmont I would expect the confidence /SP to be higher).

Looking at peer companies, they tend to be around the £100m (14p a share for ECR) range and I would expect this to be at the lower end.
If we got to £150m mcap then we would be in the low/mid 20's.

Of course once Creswick (and Bailieston) is proven up we could get much higher than that valuation.

Pure speculation and nothing is certain until a deal is signed , but does show the potential upside here.

For balance, if DD is completed and both parties do not make a final offer then it's back to 1p pending any Bailieston resource updates.

https://www.wa.gov.au/government/announcements/travel-victoria-and-new-south-wales-wa

Yes Usually a good chunk is forward sold.

Now we know where Craig got the money for the splitter and other new toys he was talking about in todays interview

Won't take long to burn through 32m.
And not all will be traded

Below link posted by Gino earlier.
Looks like WA should make a decision during the week and it looks like they could open up by next week.

https://www.watoday.com.au/national/western-australia/we-ll-remain-cautious-careful-mcgowan-hints-at-wa-border-announcement-this-week-20201129-p56ix2.html

Having listened to the recent interviews my takeaways are:
* DD site for the second interested party (assume Newmont) for the Creswick JV should take place in the next 2-3 weeks.
* We do not know how advanced talks with either interested party are so timescales on a potential deal are unknown
* There is interest also in a Bailieston JV with another party requesting data, but Craig is not keen to do a deal and for ECR to go alone on the project (I'm guessing this will be the case unless the other party makes a ridiculously good offer).
* ECR are purchasing further equipment to speed up the drilling and assay process so Bailieston proving up can be fast tracked through next year.
* The new license application has 3 other parties who have applied.
* Craig believes that ECR is massively undervalued.

Diplomat, Good summary.
It's not a done deal and there is DD to be done, that's why the SP is where it is now and not multiples.
As Craig has said in the recent interviews , he cannot really elaborate on details (he is no doubt under NDA).
So we can speculate that a deal will be done (and with 2 interested parties the odds are more favourable) but until it is announced it will not be priced in or 100% nailed on.
Personally I am confident, but nothing is guaranteed.