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GGP having a rise today so think we may be seeing some LTHs there top slicing and moving over to the next big mover ...the lovely ECR.

Good news on the Covid front in Australia as cases continue to reduce.
Just need WA to open their border restrictions and we can get the site visit sorted...then on to the JV.

Should get a RNS or a tweet from the company (if RNS not required) this week confirming the rig is on site.
Hopefully also a more detailed plan for drilling.

Fair point

Agreed Daramunda.
And interesting timing just as the Diamond Drill rig is due to arrive.
Could be some updates next week.

Remember ECR only have 5 or 6 employees..and some consultants.
Not big numbers for the pie to be split between.

Should stop theose complaining that the Directors don't have enough skin in the game.

STRATEGIC FINANCING

From July 11th 2018 RNS
This is where the options were generated from.

ECR has secured a strategic financing raising £650,000 through the issue of 92,857,143 new ordinary shares (“New Ordinary Shares”) at a price of 0.70p per share to support proactive development of its existing interests and to enable the Company to engage with new opportunities, principally in respect of Australian gold and strategic metal exploration.

Each strategic financing share has a warrant attaching to subscribe for a further new ordinary share in ECR Minerals plc at a price of 1.125p within two years of the admission date of the above financing shares. Should the 5 day VWAP of ECR exceed 5p, the Company will have the right but not the obligation to force the exercise of the remaining warrants by issuing a 7 day notice of accelerated exercise to warrant holders. Any warrants not exercised during the 7 day notice period would lapse.

MANAGEMENT AND CONSULTANT OPTION POOL

The Company is to create a pool of an additional 25 million options at an exercise price equivalent to the financing warrant price or 1.125p per share.

It is proposed these options will vest immediately but will only become exercisable when the five consecutive trading day volume weighted average ECR share price exceeds a 1.75p threshold.

It is the intention that the Options will be allocated amongst the current directors, any new directors, staff of ECR and key consultants.

Where applicable the Options will be structured under a tax efficient option scheme.

Yes, Looks like one of the potential partners is flying in for the site visit so the interstate travel restrictions from WA to Victoria are the key to the JV timetable. Personally I believe this will be December, but the Covid situation is looking really good in Australia so could change.
Creswick is huge and the JV could be absolutely massive for ECR.

Bailieston drilling on Blue Moon up to JORC compliance is the plan we are waiting for and I believe we should get an upday on that within the next week and a half. Moving towards being a producer rather than a explorer is again a big move for the company.
Either of these in isolation would be an amazing prospect for an exploration company...and we have both.
And we are fully funded to the end of next year...and I haven't even mentioned the new licenses.

All good and plenty to coming over the coming weeks/months.

Just to add the gold price was c$1600 at the time so the $8bn would be nearer $10bn at todays gold price.

Here you go, the $8bn comment is just over 5 minutes in to the below interview.
As always, worth listening to the whole thing.

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

Up another $12
now $1929

If Drilly Mcdrillface/ Black & Decker / The ECR diamond drill is arriving at the end of this week or start of next week, then it would not be unreasonable to expect an outline of the drilling plan from the company at some point before the end of next week?

And another link with discussion on ECR's prospects (the second half is of the podcast is ECR)
https://www.youtube.com/watch?v=pJFdUfj8Bzo

https://www.youtube.com/watch?v=ckjZ8B4kO7Y
Above link to the share talk interview at the end of August and well worth a listen for new investors (and old).

A couple of highlights
We've been getting average grades of 15 g/t in Bailieston.
Around 5mins 30 We are fully funded for well over a year with our current drill programme with announcements coming shortly.
And we have interest from Majors (plural) !!!

Well worth a listen.

Has stabilised above $1900.

Now $1917

Once these warrants are cleared we have plain sailing (warrant wise ) up to 5p and then it's minimal numbers.
True value should then be applied to any news flow without hinderance.

On the plus side if 10-15m warrants were exercised yesterday that another c£250k in ECRs coffers.

Was the £182k trade you topslicing ;-)

SP seems to have been fairly consistent this afternoon.
It will be interesting to see if we get any chunky buys or sells, that have been worked through today, reported after the bell.

Read down today's posts...the answer is there.

The warrants are exercisable at 2 & 2.1p so they would not exercise them until the price was higher than that so they can make a profit or top slice and effectively sit with free shares.