Member Info for TalkingSense

Agreed Dill,
If your investing for the JV then the daily fluctuation is neither here nor there.
I have a core position that I am absolutely not touching until after a Creswick JV...that's my investment.
I have traded a couple of £k on the bounces ...between 1.85 & 2.3 which has helped me to top up the core and I have also invested any freed up cash below 1.8 when I can (no brainer as an investment).
Those looking for fast money (a very high % of who end up losing money) are worried about the daily ups and downs as they usually do minimal research, got bored after a day of not making 100% profit based on someone's tweet and then move on to their next loss.
Each to their own.

Fundamentals and prospects here for a major upside have not changed and that's why, as an investor, I still have confidence.

About 5m warrant shares shifted today by the looks of it.
:-)

Matthew, Don't worry I am confident you will be nicely in the black shortly.
just under 4m of warrant selling today so far by the look of it so clearing a lot faster than the presumption /calculations at the end of last week.

If I remember rightly there was a TA support line of 1.8 which seems about right if you account for the warrant sell off which is artificially pulling that down.
Seems to be plenty of willing buyers when it dips below 1.85.
just need to clear the blighters so we can get some free flowing trading without inhibitors.

Another 1.5m shifted today already....hat's the main reason for the drop.

Hi lemonade, It's lucky that major mining companies base there decisions to invest millions of dollars in to projects on data and historical/geological data provided by the company.
The site visit is the last piece of the DD puzzle.

Whilst there have been no DD site visits we now that ECR has been on site carrying out the ground exploration and also they would be providing additional information to move the process forward.
We know that ECR have received JV proposals from prospective partners so the data provided must be good.

Nice to know your twitter id....Thanks for the info as I always base my investments on anonymous twitter feeds...LOL
Decided to go the other way though and average up by investing more this morning.

It's coming Jay. Just very unlikely to be within the next month as our prospective partners cannot do the site visit which is the final piece of due diligence.
Next piece of news which is due imminently is the ground exploration results at Baillieston , accompanied we expect, by a drilling programme (a comprehensive programme would be a boost).

Hillseeker,
Are there plenty of punters lined up or is there the cruise set who book a couple of years in advance plus a years worth of those who had cruises booked in 2020 but now are locked in with future cruise credit...and this is why 'bookings' are strong.
Interesting to see the future pricing policy as it will really peeve all those FCC holders if they get 125% of their original fare as FCC , but the fares double due to reduced capacity/availability over the next year or two. G
It's going to be a pricing tightrope.

And that FCC is not fresh income in to the company so they won't be making money on those bookings...the cash is already banked

An another 1m late reported today.

I agree Dill.
Be interesting to see the Baillieston ground exploration results as I believe that an 'ok to proceed' level report is built in to the SP.
Any above average report will see this rise, and also the extent of the drilling programme may also see a change in the SP.
Hopefully ECR will be aggressive with the drilling programme and fast track proving up the resource, especially in Blue Moon. With the warrants being exercised we should have enough money in the bank to ramp the programme up.
Craig said in the last interview we have enough funds for easily more than a year.
If we do get good indicators on the GE results and a good drilling programme this should go to 3p+.

Creswick JV is the king maker and 8p+ is the initial SP...as with GGP who followed a similar path , its either take the quick multibag or hang on for drilling results and see a steady increase over the next 12-18 months when we should easily be in double figures.

Prior to the next news the traders & warrant holders v investors battle continues on the SP.

Gino & clear....makes more sense

No, Hino did some calculations last week and I've separately done some and think we will bear this week.
Both include a lot of presumptions so assuming they will be cleared this week, but cannot be sure.

I am just topping up evert time we hit 1.85 so taking advantage when I can.

Let's just hope the Baillieston update comes sooner rather than later as that would create the volume to clear the overhang quickly.

Not sure if the company would give an update on the warrants more than 6 monthly even if a significant volume is exercised earlier?

The 500k seller is still hanging around today...They should be cleared this week paving way for a steady rise.

Good find Gino.
ECRs potential is getting publicised on more and more sites...word is getting out.

Like the fact that this is includef:
"Easing of industry and permitted worker restrictions"

Just need to wait for the proposed timeline

Comes towards an end.
Low volume ,slow day today.

Melbourne lockdown easing plan will be announced on Sunday.
Then let's have a nice Baillieston update next week?

Have a good one!!!

Popolo
The answer to your conundrum:
In his mind he is the former.
In everyone else's mind he is actually the latter.

;-)

And for balance what will the SP be if there is a case confirmed on board one of the first cruises?

Thats the gamble every cruise now.

Auc, Please don't ramp other shares and stick to ECR on this board.
Otherwise we'll send Lemonade over on your BB (and no-one wants that).

Just checked again to make sure and at about 7 minutes 40 in to the share-talk podcast:
"We do have majors with interest, so certainly things are going forward well"

They will put boots on the ground.
Need to check as final part of the DD that all the data and geology info they have been given is legit.

I would expect there are a number of unscrupulous companies that have massaged the facts...thankfully ECR is straight up so should be a final tick box exercise before putting pen to paper.