Member Info for TalkingSense

The 20 to 30 figure was given in a previous interview as the price to prove up the full 7km strike length along the Creswick license.
TBH no-one knows what JV proposals are being negotiated.
But with 4 interested parties and cash in the bank ECR won't be taking a lowball offer, that's for sure.
And if you take our MCAP against GGP who were in a similar position a year or so ago you can see the huge potential.

Trumpy ,
They do have all available data, however to complete DD usually they will want to send out one of their own people to do some testing and visit the site to see the site first hand.
I certainly wouldn't commit £20m-£30m on a few photos and surveys without getting one of my people to check everything out on site.
Should be a formality...but a necessary one.

And Craig said that the next update will come 'soon.
As originally due in August this should come in the first half of September and could drop (with the ground exploration results) as early as next week.

Short term traders will sell off with no RNS likely today.
Mid/long term investors will be bouyed by DD progress, funding reassurance, drilling programme to come and activity/possible new licenses.
SP will show who comes out on top

Drilling programme at Baillieston to be announced shortly.

2 lots of DD from potential Creswick partners completed ...awaiting site visits

Easily funded for another year including the drilling programme

Gold expected to rise further

Potential to expedite additional Creswick licenses adjacent to current licenses.

Tom,
Lucky we've got £2m+ in the bank so no time pressure.
Also 4 interested parties on Creswick JV so in a great position.

Consolidating nicely 2.3 -2.4 ready for the next leg up.

Will be interesting to see if we get some volume here this afternoon on speculation for an end of month update.

7,000 posts and claims to have never come across the chief AIM ramper….LoL

Comlleteg=completed

Agreed, 20p is not beyond the realms of possibility once they get a JV comlleteg and drilling results start flowing on Creswick.
If it gets to that level we are looking at another 6-12 months IMHO.
This easily has the ability to hit 10p plus before the end of the year.

Good summary Gino.
And the other positive from today's volumes is that we would have severely dwindled the warrant selling as there were quite a number of 500k and 250k sells again.
If we do get good news shortly then they will be cleared and not holding back any rise.

I'm still betting on GE results and a drilling programme outline first.
Any JV progress update would be a bonus (JV confirmation would be superb, but not expecting that this week).

I did chuckle when there was massive excitement on a 15%raise...those guys are going to wet themselves if/when a JV is announced. :-)

Be interesting to see if we get any chunky late reported trades today.
Although if it is true to form we may see some tomorrow

Tamer,
No-one has ever seen Dill and Docholiday in the same room.......
.....just saying.

lol

Another price monitoring extension @2pm (another to follow @2:05?)

Traders have not made a killing today at the spread has generally been kept wide so buying @2.12 this morning would not even yield a 10% profit as the bid had generally been below 2.3.

Having said that we have probably cleared out a few traders who bought in just under 2p last week.
And looking at the trades , in the last week about 32m shares have been traded in individual trade volumes of 250k and above so I would expect that a lot of the warrant holders have been cleared.

So today has cleared the decks in a few ways so that the SP can react accordingly to the GE results update.....
….and (whenever it comes) a JV announcement.

Still only c£17m mcap is a pittance for what we hold if a JV is announced. This will easily go to double digits once drills are in the ground and results start to come through IMHO...and may even get there on a JV if the deal is a good one.
10p on the share price is c£75m mcap (if all warrants exercised)

On today's podcast predicts 3 to 3.5p in a month or two...and that's just on the charts.
Does not take in to account the Ground exploration results/ drilling programme plan and possible JV news coming our way over the coming hours/days/weeks.

MKumar….We have FOUR interested parties in a Creswick JV.
On is Newmont, we do not know the identities of the others.

I was referring to fact that a PME RNS relates to the movement of the Sp ...therefore speeding in one direction or another.
It was not meant to be literal.
The good news is we know that if this does shoot up that we won't get a 'no reason' RNS as the potential raesons are already known.....it would be good to test that theory ;-)

First speeding ticket of the day