Member Info for TalkingSense

Looks like the M.O. for the day.
Watch your stop losses aren't inadvertently triggered.

Commenting on every trade won't make it go up any faster (I'm excited too!)
Nice steady start this morning and this should build nicely up to a potential deal update.

Have you been averaging down Dill?...it used to be 16p.
I think we will be making some of that lost ground up tomorrow.

Who knows, post Creswick deal and a few drills later and you could be in the black. £50m mcap may not be beyond us at that point.
Let's not get ahead of ourselves though and get Baillieston sorted first.

We don't know, that's why there has been no speculation on this one. We know that ECR laid out their terms.

Dill, I think the difference this time is that we know there is an offer on the table and it will be an improvement on the offer they rejected last year.
Let's hope it's good enough for us to proceed on and then we can get this company moving forward.

As for the details of the deal...well I guess we will find that out in the coming days.

Got to near 1.5 last time there was a sniff of a possible deal so would not be surprised to see this continue.
Then when a deal is announced...????

I hope that Mr Brown has checked his inbox ...Personally I would open the one titled "Deal Offer" first.
I don't expect any news immediately as the offer will need to be reviewed and then there may be some negotiations required (unless they give ECR everything they requested :-).
I don't think we will get a 'we got an offer' RNS update, but one will come when a decision on accepting/rejecting the offer is made.

Red dot watch continues....and now it can happen any time.

Tamer, I still don't see the potential upside ????? ;-)

and GGP mcap £452m...we are a 90th of that at the moment.

Morning Boffin, I think that in one interview it was said that it will cost $20-30m to fully prove up Creswick.
With a strike length of 7km I would think that part of it would be proven first and then start to be mined while they prove up the rest of the resource ...therefore the in the ground would be partially out of the ground and the value would start to be realised, although this will take a year or two.
I think that we will give a majority take (70-80%) to a farm in partner, lets for fun say Newmont, who will take the same % of the costs.
So they could initially prove up a half to a third with their £7.5m+ our contribution (so let's make it up to £10m) and then start mining then the real big value will start to be realised. If we start mining phase one then this will fund phase 2 (and some !!!)
And I can see that , if the resource is proven to the levels that we hope, that the partner would look to buy us out of our remaining share.

All pure speculation, but for a $5m mcap company , the scenario above would see ECRs share price in a completely different ball park to where it is now.

It will be interesting to see what the Ballieston deal offer is and if ECR get whatever they asked for (and prove all the naysayers who said we should have just taken the first offer last year wrong).
I am not going to even speculate on what the shape of that deal will be, but agree that a nice cash injection to help strengthen our Creswick resource estimate & bargaining position would be good.

And the gold price is expected to rise considerably over the next couple of years so the dollar figure may rise!

Thanks Brasso...I was unsure which is why I asked for clarification.
Now go and find someone else in the school yard to bully.

I lied...it is actually potentially a 8billion dollars resource @Creswick (still massive!).
Just over 5 minutes in on the link below on the Craig Brown interview from April...but woth listening through the whole thing

https://www.share-talk.com/craig-brown-chief-executive-officer-of-ecr-minerals-plc-interview/#gs.95kwap

Cheers Dill, and thats why my shares are going nowhere until we get a Creswick deal over the line and get the resource proven up to a good degree.
Even if there is only a fifth of that amount then we potentially have a £5m mcap company sat on a BILLION oz resource.....A little upside anyone?

From memory I think Craig Brown said there was potentially 5 Billion oz at Creswick (someone please correct me if that is incorrect)

Onedayrodders, we've hot to be hopeful that the confidence they have in our main licenses is well founded.
Baillieston has been proven up to a couple of 100k oz and in one of the previous interviews he was talking about a huge resource at Creswick. If Creswick is as big as expected then he is absolutely right to ditch the others and concentrate their effort on the main two.
If Newmont are sniffing around Creswick you would think that there is something incredibly substantial there.

Well its less than 24 hours after the interview so I would have been amazed if we had a announcement of a deal.
They are not going to open the email then immediately hit reply and accept.
I have to say Dill that your behaviour over the last day has been surprising to me.

F2S, Not news leaking out. It's Craig Brown stating that an offer will be on the table this week and updating on Creswick future potential deals. See the interview in the link below:
https://www.proactiveinvestors.co.uk/companies/news/923110/ecr-minerals--craig-brown-updates-on-talks-with-potential-partners-for-key-gold-assets-in-australia-923110.html

correction : 2 deals...not 3