Member Info for TalkingSense

Thanks Ace.
c100m warrants @ 2-2.1 may explain some of those multiple £10k sells this morning and some of the chunky trades yesterday if some of them are being exercised and topsliced??
If they are all exercised ….On the plus side it's another £2m in the bank for ECR.
On the negative side it's another 100m shares in circulation.

This share is going to be fun for the rest of 2020 & in to 2021.

I remember that 1.7 was the Directors option price for their warrants (why it was stuck in my head)

Thanks Diplomat...I know a third of all warrants issued were over 1.5p...can't remember the actual prices (too busy atm to look).
Someone is dumping multiple £10k chunks today by the looks of it.

Could some of those 500k sell blacks yesterday be the higher value warrant holders exercising and selling in to yesterdays high volume?The block listing RNS I covered the 1 & 1.125p warrants only and not the higher value warrants. From memory I think there was another tranch of warrants @ 1.7p (please correct me someone if I am mistaken).I know about a third of the total warrants issued were above 1.5pIt will be interesting to see if we get another block listing RNS at some point to cover the higher cost warrants.

Hi Crazyfund.
Sorry, was just stating what Craig Brown had said and not trying to get in to a p***ing contest..
Yes , I hold GCM shares which are a free ride (easy trading share). I hold other shares, but don't brag as what/how many shares someone holds does not make their opinion more or less valid.
£1.6m in the bank, warrants which have been exercised since and 42% r&d rebate gives us £2.5m+ to prove up the Blue Moon area in Baillieston..time will tell if that's enough
Let's agree to disagree and move on.

Good to have you on board and look forward to your input.

Think you may be optimistic on 5/6p by the end of the week.
But I'll never say never with some of the bull runs certain small miners have been on recently.

Craig Brown has stated the company has enough funds for their plans for the next 12 months...his words , not mine.
I said the rig would progress Blue Moon to a JORC. I am sure that they have worked out if they require additional rigs and would have budgeted accordingly (see 1st statement).
If they want to take it in to production I would expect more funds would be required, however CB has alluded to the ability to approach mining banks in Oz to reduce/remove further dilution. I'm guessing a JORC resource estimate would be a key component to get any such financing....thats further down the road though.

Hi Crazyfund
The JORC is initially for the Blue Moon area only. This was stated as a goal at CBs last update. I'm sure if required they will get in additional rigs.
The estimate for getting Creswick proven up is £20-30m which is why they are seeking a JV partner to take the financial strain.

The fund raising was in June/July for £600k (presumably to fund the new diamond drill rig).
Craig brown has repeatedly said that ECR are FULLY FUNDED for at least the next 12 months and therefore there should be NO MORE FUND RAISING in the next 12 months. We have c£1.6m cash in the bank.
The expenditure on drilling is helped as we can claim back 42% of exploration costs from the Australian Government.

Also...New Creswick, Graytown 1, Greytown 2 & South Creswick licenses.

A bit of reading to do !!!!

Just noticed a new license application on the website: Wirrate

You can also check out the new Mercator Gold website for more info:
mercatorgold.com.au

Hi Js.
A few things we know below:
* Craig Brown said there could be up to $8bn of gold in the Creswick license...since that interview the increase in the price of gold means that could be nearer $10bn
* We have twointerested parties for a JV deal at Creswick who are continuing their DD
* We know that one of those parties is Newmont, the 3rd largest miner in the world.
* We know that a Diamond drilling rig has been purchased to enable us to perform our own drilling programme with lower costs and more flexibility....the drill is due on site this month
* The Diamond rig lets us drill 12 months a year and is not weather dependent....and gives better quality results to progress towards JORC.
* We know that a Bailieston drilling programme which gives us a JORC compliant resource at Blue Moon is a priority.
* We have c£1.6m in the bank to fund the drilling so no more fund raining is required (and we get a 42% R&D refund for this spend)
* Gold is still around $1900/oz.
* At our last fundraising we were getting approaches from many companies wishing to give us funds (shows confidence).
* Victoria lockdown restrictions look to be about to be eased enabling site visits for potential partners.
*After these visits a Creswick JV deal could drop any time.
*Hundreds of thousands of oz's confirmed at Bailieston (CB interview)
*Ridiculously small mcap of c£15m (compare this to companies further down the process such as GGP).
* New licenses recently acquired and expect these to be progressed in 2021

Usually I would slam big predictions...
10p would give us a mcap of c£64m which is not unreasonable when you look at a number of other recent risers in the sector (and would be about a 13th of GGP mcap at the moment :-).
We have superb assets , potential JV with a major at Creswick and drilling to commence on our Bailieston soon.
And then there should be news form our new license in the new year.
So not an unreasonable assumption with a constant news flow over the coming weeks/months

If you think this is cheap ..ECR mcap only c£15m and have Newmont interested in JV
Apologies for the off company post...returning the compliment from an OMI one last night. (last one, I promise).

GLA here!

Looks like the consolidation @2.5 has finished...time to move up

OMG, Just looked at the UFO chart and they have 30 bagged since April (unfortunately I have no holding there).
Does show the potential in the sector at the moment!!!
When this pushes through 2.62 (which I believe it will this week) then it should pick up momentum and move to the 3's in quick time.

Drill due on site at any time for Bailieston drilling programme.
Restrictions starting to ease in Australia (just need inter state travel rules to slacken) so anticipation will build towards the site visit which is the final piece in the puzzle for a Creswick JV.

I'll take nice steady 5-15% daily rises until news...builds a new base each day and keeps the herd at bay.

No,Don't think I will. Mojo
Baseless ramping on Twitter won't help the SP.

ECR will take care of the rise by itself over the coming weeks/months without that crap.

Now move along from the board unless you've got something of value to add.

Its the inter state restrictions that are the issue. NSW/Victoria looks like its easing shortly.
WA /Victoria looks like its going to take longer.
So it depends who/where the dsite visitors are visiting from.
Newmont should have senior reps in most states..we don't know enough the other party are so cannot speculate.