Member Info for TalkingSense

I can see 2.25 being reached tomorrow as their has been quite a bit of interest spreading for ECR.
Cannot then see a drop to 1.4.
Charts are OK, but fo not take in to account the anticipation and delivery of news/deals.
This us s company on the cusp of transformational deals and I am with Dill in that I think this will continue northwards in the coming months and get in to double figures.

Can someone please ask James O to return ECRs gold ;-)

Drilling results ,site surveys and full bag testing as well as historical records and additional testing by experts to understand the structure of the gold deposit....but you know this.
Potential JV partners have also viewed all the data available and put boots on the ground to do their own analysis as part of the due diligence process before they make any offer.
Of course we don't know the exact amount of gold in the ground and that's where the JVs and JORC compliant resource estimates come in.
If we were at that stage we would be a potential half billion+ mcap company. as we hold 100 % ownership
However we are a £9m mcap company looking to get a partner for a % of the projects so we can add considerable value to the company over the coming weeks/months/years as the resource is proven up.
Now is the time to invest IMHO as we are at the start of what could be an incredible climb as Baillieston and Creswick both move forward.

Baldy, To be honest 1.65 looks like a steal as well!
More people will watch the various blogs and podcasts over the weekend and this is not staying under the radar for much longer.
ECR is so undervalued its almost ridiculous and this will correct upwards until the first deal is announced at which point I would expect a serious re-rate.

Have a good weekend and look forward to next week.

Cheers Jojos, I would like to see this in the mid/high 2's BEFORE an announcement, but it may come before we can get to that level.
I think it's safe to say that ECR has come out of the shadows now.

Yes, a couple of 1m buys as well.
Nice to see the shares being consolidated in to a smaller number of holders with larger numbers of shares.

As this is just the foreplay before any deal announcement.
I'm in the same ballpark with Dill on selling price as I think we will get to those levels in the future (how long?)

@ 1:46pm....MM signal?

That's assuming EUA get top dollar and not fire sale money!...way too risky
Just moved £3k out of here and in to the 'next GGP'.
Hoping to get a leg up there and then move the cash back in to here in time for the next bit of news.

Agreed, Massively undervalued,.
That's my £3k top up just gone though...looking at multiples from such a low starting point when news comes.
£7m mcap is ridiculously low for what we have ...and 100% owned...just crazy.

Loading up with as much as I can as and when funds become available and this is now by far the largest portion of my portfolio that I have ever had in one share.

Agreed Dill, I certainly wouldn't want to be out of this at the weekend :-)

#cliche

I remember an interview about a month or so ago when Craig Brown said that if ECR were trading on the ASX then the share price would be 4 x the price. And he made that statement before the update with the one immanent offer and 3rd largest miner interest. ASX understands the value of Australian miners better.
There is a growing consensus that we are massively undervalued at the moment.....this should wake up soon.

ECR discussed @21 minutes on the podcast below....sums it up nicely.

Some people trade and some invest.
Each to there own and good luck to them as they take their 20%.

I am massively confident with ECR so won't be doing any trading...just hopeful it stays at this level for a day or so as I will have more funds available tomorrow. ..top up time!

Nothing ever goes up in a straight line.
Price drop possibly to fill large orders or just those jumping on board recently without research (the herd) jumping ship.
So would not be surprised to see this level or positive by lunch...personally looking forward to the day where a 0.01 move is not even noticed (happy days)

One day nearer to the deal!

£100k in3 trades reported from yesterday

...undersold it ...GGP mcap is £455m.
just 65x our current mcap

Yes, Ballieston offer was going to be received last week.
The 2 interested parties on Creswick are doing due diligence.

So Ballieston will definitely come first.

And to put the potential here in to perspective:
GGP mcap is c£350m ….ours is currently £7m.
Not saying that we will get to that level, but you can see that there is massive potential...especially if the Newmont deal pans out.

Agreed Dill, and that's why I'm not selling a single share until a Creswick deal is announced (and then it will only be a small portion.
If we get that deal over the line we may be shifting the decimal point from where we are today.

But, let's not get too far ahead of ourselves.
Nice steady daily increases up to Ballieston news has been nice and hope to see this continue over the coming days.

F2S..I think the common consensus is that it is Newmont.
...Ballieston deal first though.

Hi Boffin, I think we are beyond that now on Ballieston . The horse has bolted as the offer should have been received last week.
At least the indication of finances means that they cannot low ball the offer and ECR have already rejected one offer and set out their terms.
Let's just hope that those terms have been met in full.

…..now where did that red dot go???