Member Info for TalkingSense

in my mind this company is only 3 years old as it has been taken in a completely different direction since Craig Brown took the helm (let's be honest this could have been easily wound up 3 years ago without any noise)
I also invested in the PJ days and was lucky enough to topslice during the Itagon bubble.
The old BOD had a scattergun approach and spread us too thin with questionable opportunities in unstable territories.

CB has done a great job concentrating on what has become the hotspot in the world of gold mining. He has systematically built the key licenses and has taken us to the brink of a company changing JV.
S*** performance of the previous board has no impact on the potential here.

Selling a brand is not necessarily bad news....reduces cash burn and generates significant funds if done correctly.
I think it would be well received by shareholders and would improve our credit rating and reduce debt.
Just putting it out there as a possible solution which must be being considered

dv, I am only talking about this week's rise, I think GGP has further to go mid/long term as it is proven up ….but the rise this week is based solely on the index listing.

Singer,
If no further shares are issued then a 30p SP would give us a MCAP of c£190m. That's about a fifth of GGPs for comparison. Not saying it will definitely happen, but not beyond the realms of possibilities.

GGP rise this week all based on the new index hype.
May have been overdone...and the 20%ers taking their money and running. Will be either 20p or 30p in a weeks time depending on the impact of the new index admission.

I look forward to next year when we are debating if ECR will be going to 30p or dropping to 20p :-)

If non-cruising extend further in to 2021 I can see Carnival having to sell off one of their brands to survive.
That option has to be being played out in a Carnival office somewhere.
Cannot sustain the cash burn through the whole of 2021.

The rise this week is mainly due to the listing expectation.
I can see this being either 30p or 20p this time next week depending if the listing and additional shares investment/buying that this will bring has been underplayed or overplayed.
Should be an interesting week ahead !

I agree Dill.
The potential here is ridiculous !!!
Nice to see a large spread discouraging the traders.
I get the feeling a large order is being filled in the background today....we will see.

who is that then?

The charts dont lie......

….but sometimes they have their fingers crossed behind their backs!

Against a MCAP of c£14m....you can see why I'm excited about the potential here

EofA,
Not sure what the large red numbers are (not on legend).
Could be historically mined gold?

I know in an interview in June Craig Brown stated he believed there could be up to $6BN of gold resource in the Creswick license (with the subsequent increase in the gold price that is now $7BN)….serious numbers!!!

Not sure. Would be in the annual financials I would think.
TBH , don't care and can't be bothered to look it up :-)

Also, As I am sure you are aware , a few of your posts have been removed as I reported them as being deliberately disruptive.
I'm sure that admin have also given you a slap on the wrist.
As always I am sure that everyone on the board will be happy to answer any sensible questions you have about ECR and look forward to you making some valued contribution to the board.

He hold c3m shares and I believe he has options for another 5m .
So £160k worth at today's SP when he exercises those options
If we get to double digits SP 12 month's down the line (as I believe we will be) he will have £800k worth...enough of an incentive.

The rise this week is due to the GDXJ listing...we will see on Friday if this is justified, overhyped or downplayed.
I think we will be OK though ;-)

Also don't forget you also have the costs of getting 1000s of staff from their home countries to the ships.
You cannot equate the fuel required to keep the ships 'ticking over' while laid up to the costs involved in sailing.

I went to Bournemouth last week and it is quite the sight seeing all the cruise ships parked off shore (Not just Carnival ships)

Could be:
* Victoria lockdown fully lifted.
*Confirmation of site visit dates/completion
*Drilling programme outline for Blue Moon
*Confirmation diamond drill is on site and ready to go
*Possible further approaches for Bailieston.
* Confirmation of proposal from the 3rd 'non key' interested party on Creswick
*More ground exploration updated
*Additional licences granted

....all the above could arrive before we start drilling.

hips = ships ...lol

Thriftygirl and the $600m a month running costs go up as you need to get the hips out of lay up, pay for fuel, staff, provisions, docking fees etc (and not all the fleet will be sailing for at least another 8 months)
The itinerates also need changing to less attractive/profitable ones in a large number of cases.
You have only half full ships due to capacity issues and only half of those are fresh money as the rest are on FCC.
alongside the extra expenditure and reduced income you have $12BN of debt (on top of what they originally had) to service.
This along with 10% dilution prospect of the new 1bn shares to be issued.

"We will emerge with a more efficient fleet, with a stretched out newbuild order book and having paused new ship orders, leaving us with no deliveries in 2024 and only one delivery in 2025, allowing us to pay down debt and create increasing value for our shareholders."

So still paying down debt in 2025...a long road to recovery