Member Info for TalkingSense

There are no drilling results!!!
We will get Bailieston ground exploration results this month and that will be followed by a drilling programme plan.

Ground surface exploration results
Possibly with drilling programme.

Then Creswick JV

£14.5k and £19K delayed buys reported...that may be partially why they shook the tree this morning

Gino, If I remember correctly then 2 thirds of the total warrants were at a lower option than the current SP (CB interview las month).
Some have been exercised and we will not get any future notification of exercising due to the block listing RMS.
As you say the only way we will probably know is when we see a dip in the SP for no other known reason (i.e. today).

Personally will use these dips to top up further (up to my eyeballs in ECR now) , because the mid/long term is so strong and I will not be selling at least until we get the first set of drilling results from Creswick following a JV (and then only top slicing). Here for the full ride.

...is you can top up under 2p.
Did not think I would get that opportunity again (but rude not to).

Right Mr Brown , let's have those ground exploration results , or even better a JV deal :-)

I'm not going to get caught up in name calling (scholls are closed) so let's get back to where ECR is at the moment:
* Craig Brown said there could be up to $6bn of gold in the Creswick license...since that interview the increase in the price of gold means that could be $7bn
* We have FOUR interested parties for a JV deal at Creswick
* We know that one of those parties is Newmont, the 3rd largest miner in the world.
* We know that Bailieston ground exploration results will be released in August.
* We know that a Bailieston drilling programme will be released following this (suggests the GE results will be positive).
* We have c£2m 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 on the rise.
* At our last fundraising we were getting approaches from many companies wishing to give us funds (shows confidence).
* A Creswick JV deal could drop any time.
*Hundreds of thousands of oz's confirmed at Bailieston (CB interview)
*Ridiculously small mcap of c£14m (compare this to companies further down the process such as GGP).

and if DH is saying it you know how much credibility the rumour has ...LOL

Ibroxonia…..if you read my post it says less than 5p...... But thanks for the input

Agreed it's absolute BS. , No takeover here ...absolute fantasy talk (hate blatent rampers)
ECR are in an excellent position with the licenses they have. Creswick is a beast in the making and any takeover bid now would probably be lees that 5p.
Sign the Creswick JV and start the drilling programme there and get the Ballieston drilling up and running with results flowing and this will be way north of that.

Thanks Gino....good to have you back in the fray.

BeautyP...apologies thought you were Ok with Dill's re-assurance.
My personal view is that the vast majority of the warrants will have been forward sold as this has been the pattern with exercised warrants in the last month or so.
The MMs will drop the bid at the start of the day and sweep up some cheap shares (again a repeat of before) and then the SP will recover to where it started.....that's if it reverts to type.
I believe that the remaining warrants not yet exercised have been mainly factored in to the SP as we saw the drop from 2.6ish when the total warrant volume was disclosed to the current levels which seems to be our new base to build from.

This therefore should be a price driven by news moving forward.

All IMHO

Forgot to mention:
*Hundreds of thousands of oz's confirmed at Bailieston (CB interview)
*Ridiculously small mcap of c£14m (compare this to companies further down the process such as GGP).
* Dill is invested here ...and that's the clincher for me

for balance.....
*There are warrants outstanding.

You can weigh the negative against the positives :-)

Even more interesting:
* Craig Brown said there could be up to $6bn of gold in the Creswick license...since that interview the increase in the price of gold means that could be $7bn
* We have FOUR interested parties for a JV deal at Creswick
* We know that one of those parties is Newmont, the 3rd largest miner in the world.
* We know that Bailieston ground exploration results will be released in August.
* We know that a Bailieston drilling programme will be released following this (suggests the GE results will be positive).
* We have c£2m 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 on the rise.
* At our last fundraising we were getting approaches from many companies wishing to give us funds (shows confidence).
* A Creswick JV deal could drop any time.

....is 2.13 -2.195

not sure why the ask has been at 2.3 or 2.4 for the last 24 hours?

So Creswick's potential $6bn gold deposit is now c $7bn........happy days!

Exactly G-man, £14m with the licenses we have is unbelievable.
I don't think we will see a TO at this stage, however a JV with a big player would be an absolute game changer.

$2,040.10

Bottmzup, You win the maths prize.

My personal view is this will be 15-20p in 9 months if a Creswick JV is signed (the JV conditions/ %s will dictate where in that window we are) and drilling commences at Creswick & Balieston before November.

To save you time GGP is £534m....we are currently £14m

pepe, When we have a JV on Creswick and start to get the results from drilling in and also start to drill our 100% owned Balieston then I will be devastated if our mcap is a mere £30m.

Just look at GGP and other gold companies who are further down the journey and take a pessimistic view that our mcap will only be a quarter of theirs.....then you see the true potential here.