Member Info for TalkingSense

A decent week and we have the placement shares being admitted to the market on monday which should be the last barrier to announcing a deal.
Will be watching this continue north next week and start the serious business of red dot watch for potentially transformational deals.

Have a good weekend all!

Right on cue Dill...quite a few decent buys coming through in the £k's

Of course that will be after the placement shares admission RNS on Monday

Dill,
Sale of 1 or 2 licenses followed closely by transformational Creswick JV would be my guess.
And before you ask I'm not giving a SP guess.. I have my targets higher than 0.8 ;-)

Not got a clue on timelines for this but confident it will happen at some point and happy to wait and top up on dips if able.

One more time for those new to this chat:

https://youtu.be/0MtkNZoGUEU

Simmering nicely and a great combination of rising gold prices, multiple contacts from interested companies, great location surrounded by successful licenses, enough cash reserves for at least another 12 months and good drilling results.

What's not to like???

Even my old sparring partner (the king of copy & paste) LG has allegedly returned.

Red dot watch continues.

Nice little 1.2k profit in a day and a half for the 2.4m shares buyer/seller

Dill, In answer to your question:
Up ;-)

Now we've got the placing announced we can wait for the promised deals to appear in due course.
Funded for another 12 months plus and should get another R&D rebate at some point.

With cash sorted we will find out what ECRs future holds over the next couple of weeks/months.

I feel a little breakout is due this week on the SP..let's see.

Noticable that the 2 big trades @ 0.45 ish yesterday were a bed &ISA within a couple if seconds of each other.
I think the MMs do this as the 'share price' shown on Google and a few other platforms is actually the last trade price and not the actual share price.
This stimulates some additional trades (in this case as some panic).

Red dot watch continues...hopefully a disposal to give us some cash , followed by the game changing JV...let's hope.

B/up,
I think they had to pull the trigger early on this one due the email **** up.
Pity as it would have generated more interest on Monday rather than POETS day.

Another positive step however, and lets hope this data has already been shared with the prospective farm in partner and that is the next RNS.

RNS Out

;-)

Just looked and the email is dated 30th March....looks like someone from the company pulled the trigger to early on the email.
RNS may be rushed out today as it looks like it should have come on Monday, but the company may be forced to release early once they realise their mistake.
Chace to get in ahead of the game?

In an email from ECR

DISCUSSION OF RESULTS
Ferroan dolomite in wallrock and as quartz-carbonate composite chips was identified in five drill holes from MGA’s 2019 reverse circulation (RC) drilling programme at the Creswick gold project: CSR008, 010, 012, 013 and 014.
 
The presence of ferroan dolomite is a positive indicator of hydrothermal fluid pathways, particularly where associated with quartz vein material, and allows metamorphic quartz to be distinguished from hydrothermal quartz veins.
 
As only a small proportion of the total samples from drilling at RC Creswick were reviewed for this study, the presence of ferroan carbonate elsewhere cannot be ruled out, particularly in oxide material where the staining is not effective but in which oxidised ferroan carbonates may be observed.
 
Given the nuggety nature of gold distribution in most typical central Victorian goldfields, reliance solely on gold assays for exploration may be misleading. While any anomalous gold will be significant in conventional assays, the presence of low values may represent false negatives that might lead to the premature downgrade of prospective structures.
 
Recognition of wallrock alteration independently of gold assays can be used to map the hydrothermal conduits that have potentially carried gold and provide support for mineralised structures in which gold assays are erratic. Accordingly, routine staining of RC chips to identify ferroan carbonates during logging has been recommended by Dr Arne for any future RC drilling at Creswick.
 
Dr Arne has also observed that if the stratigraphy is consistently dipping moderately to the west there is hydrothermal alteration and associated quartz veining stratigraphically below the Dimocks Main Shale, roughly below the historical surface workings at vertical depths between approximately 50 and 120 metres. Quartz-carbonate veining appears to be associated with sandstone units in the deeper intercepts where ferroan dolomite has been recognised through staining, and so is compatible with many other central Victorian deposits where sandstones adjacent to thick shale units behave in a brittle manner during deformation to create a host for gold mineralisation.  Therefore mineralisation may not be restricted to the Dimocks Main Shale as the Company initially believed.

HIGHLIGHTS:

Ferroan dolomite in wallrock and as quartz-carbonate composite chips has been identified in five drill holes from MGA’s 2019 RC drilling programme at the Creswick gold project;Ferroan dolomite is characteristic of alteration around central Victorian gold deposits and indicative of gold-related hydrothermal fluid flow;The strong development of ferroan dolomite in some holes can further assist to delineate auriferous shoots in those areas. 
Craig Brown, Chief Executive Officer, commented: 
“We are very pleased with the results of this study, which show good indications of hydrothermal fluid flow related to gold mineralisation in a number of drill holes at Creswick.  Importantly, the variation in the results, with some areas ‘lighting up’ and others not, is potentially useful for identifying gold-bearing shoots. 
 
This underlines the significant gold exploration potential we believe exists at Creswick, where our tenement position covers approximately seven kilometres of the Dimocks Main Shale (DMS) trend, of which our 2019 drilling tested only approximately 300 metres.”

And should provide more confidence to protection farm in partners :-)

Great results from the alteration study at Creswick.
* Indication of good gold deposit
* more gold deeper/below historic mining
&
* The gold deposits are believed to extend further from the shale deposits than previously thought.

The results will also help shape future drilling.

All sounds positive.

Agree, still a great opportunity here.
SP movement is on small trades.
If you put a £5k order in this would immediately turn green.
I'm making small top ups occasionally (£300 at a time) and taking advantage ...not showing all trades on here