Member Info for TalkingSense

Sausage/Coco

As stated in the RNS the raise was predominantly for the purchase of Raglan.

As stated in the RNS the company has a cash pipeline that will currently last until the end of Q1 2026.

As stated in the RNS the company is looking to get Raglan into production as soon as possible.

Raglan generates income which then stretches out the cash pipeline beyond April (and may cover ECR running costs completely negating any further raise).

In this period a comprehensive resource and mining plan can be put together and the license applied for at Blue Mountain.

Potentially no further raises.

Gold now $3934- 20% over the figure used in the company's resource estimate at BM.

WRAP oversubscribed (investors confident this will rise significantly).

Funded until April 2026 (excluding revenue received)

DD completed at Raglan which looks like a cracking acquisition.

Stars aligning at ECR

Agree Cashking....The placing will drag on the SP in the short term. By the look of the volume of sales earlier in the week I would guess that a considerable chunk of those have been forward sold.

On the plus side it does look as if production at Raglan could cover running costs so the c65 million extra shares that were generated by the sh***y 0.2 raise (against a more reasonable 0.24 placing) could negate the requirement for a future 200m+ share 'running cost' raise.

In short, a crap raise price but for a great strategic acquisition that could negate future raises and may add value mid/long term.

Look at the corporate presentation video on that link....gives a great overview of the company (you will need the pause button)

"Bulk sampling during the site visit confirms coarse nuggety gold and grades that may be consistent with ECR's nearby Blue Mountain Project"

Is the market sleeping on this ???.....with a 60tph washplant we know the revenue projections at BM.....even a quarter of that revenue at Raglan will be a significant game changer and negate any future running cost raises.

A great overview of the company ans all it's assets .

https://x.com/Share_Talk/status/1973676317947138522?t=u1a-XMelZk42Zk5YI7ulRw&s=19

No problem B. (see what I did there...can't mess that up ;-)

Any thoughts on the new interview?

Https://x.com/martinjluke/status/1973709422527676826?t=0I35ev15RPkwCcxE0FH3ww&s=19

Https://youtu.be/D_wv3uQQ4MA?si=nU3YmUGEMQ1cj8Bf

Sorry, Bottmzup....not intentional (I'll pay more attention in future)

Oh, and gives an additional license

Absolutely agree BOttomzup. Once the deal is signed they can pretty much start production immediately.

As for the 0.2 placement ....Yes the price sucked, but if they needed the money quickly to ensure the deal (there were other interested parties) then the funders had them over a barrel.

If this had been done at 0.25 everyone (except the usual suspects) would be hailing this as a great strategic move and would be happy.

That 0.05 difference equates to around 65m extra shares or around 2.5% additional dilution.....which for the equipment, early production, negating of a future running cost raise (which would have been well over 65m shares), chance to optimise the washplant in preparation for BM and enabling time for a more effective mining plan to be put together for BM seems to me to be a bloody good move.

Https://www.youtube.com/watch?v=K9TyX1Dg2Qw

There were a few things we can take from the interview:

They are looking to start production as soon as possible at Raglan BEFORE they start production at BM.

Raglan has a mining license and all the equipment in place , so is ready to start producing once the contract is signed.

As they said in the RNS that the raise is not about running costs I believe they expect Raglan can make enough profits to cover ECRs running costs moving forward and negate any future raises for running costs.

They will apply for the license at Blue Mountain and (as per previous interview) will look to get this producing in 2026 (I would say Q2).

They will use the 60tph plant at Raglan and optimise recovery on the plant , which I would then expect to move to BM (the 25tph plant moving in the opposite direction).

THE DEAL: Seems a good one. The License was owned by two private individuals who may not have had the expertise, or fund, to take the license forward efficiently. Nick stated that the equipment value at Raglan is basically the same as the amount we are paying ....so they are getting the land for free effectively.

THE RAISE: 0.2p is disappointing (I think we all agree on that) , however if there were other interested parties there may have been a time factor which meant that the company had to raise funds quickly and there fore had to settle for the lower figure and came to the conclusion that an extra c60m shares in circulation was worth it for what looks like a shrewd strategic deal.

60tph washplant and other mining equipment that they can optimise in preparation for BM transfer.

Cost of project equal to equipment value....saves time effort and expense of sourcing new equipment

Produces revenue negating a future running costs raise

New project located close to BM

Looks like a good strategic deal.

I wonder if he and Cocopops are related (or the same person) 🤡

Well today was worth it just for this X post.

The halfwit deramper's point was p***ed on when he couldn't tell the difference between the Liver building and London landmarks. 🤣🤣🤣

https://x.com/SHARES_FTSE_AIM/status/1973386021510303925?t=fWcgb7UH9FLvUq0Z4p36Ww&s=19

Ok, Short-term reaction (hopefully for another 24 hours as I have more funds free tomorrow) ....this will return once things calm down and the purchase is properly assessed and push on with the 2nd set of BM results confirming the commercial potential there.

We'll it's been a while since we raised (I suppose all of you that have been shouting 'raise' since April had to get it right at some point).

At least the raise is for a new project and, in the short term, gives us the equipment we need for high volume alluvial mining at Blue Mountain so adding value on both fronts.

The market will come to realise this in due course and today's knee jerk reaction will calm down, with the fact that the operational picture has not changed and BM is progressing toward production.....if they do put that washplant into operation at BM then the company is predicting up to $18m a year revenue and there are no indicators to say that will not happen.

Jamesp21, I see you are back to 90% down . Personally I won't be taking advise from poor investors with a 2p average who have a severe chip on their shoulder and only turn up to talk the company down (and who have been banned from 2 Telegram groups)

Remember they picked up Blue Mountain for a similar amount of 'buttons' and there were similar questions initially raised around why they picked it up so cheap , but that is turning out to be a 'gold mine' (pun intended).

There is a couple of hundred £k of mining equipment included in the deal ( a 60tph washplant can't be cheap) so there are additional benefits of the deal above the land.

BM was considered 'worthless' by the old BOD , however a new approach is unlocking the value there and perhaps that approach can be repeated.

0.20 price for the raise is s**t,....there is no two ways about it and I cannot see why we couldn't raise nearer the 0.3ish SP at the time (last raise was at 0.3 when Sp was around 0.33-0.35).

Strategically could be a very good move with the high volume capable washplant available to utilise at BM along with some of the other mobile mining equipment that comes with the lease.

As for the new lease....I know as much as anyone else about it (i.e. nothing), however I would hope that Adam and Mike Parker will do a good deal of DD to see if their is potential to develop to production and it turns out to be a steal.

So short term s**t raise , but may enable better long term prospects.

Well that explains the sell off.

The acquisition does show where they are heading at Blue Mountain as it includes a 60tph washplant (as well as mobile mining vehicles).

I know that Cocopops (resident bb clown) previously posted about his worries of the massive cost of and time it would take to acquire all the equipment and this takes care of that in one swoop.....oh , and we get another license near BM.

So the 60tph washplant option seems to be the one they will be adopting at Blue Mountain (with estimated$18.5m annual revenue at current POG).

Pieces falling in to place