Member Info for TalkingSense

Lucky we have enough cash to fund into 2026...no cash raise required

On the board...a great hire with a wealth of experience...and another piece of the puzzle.

MW replacement announcement next week?

James previously said they would need to raise by the start of August (we have not!).

Standard derampers playbook...no foundation as cashed up into 2026

I remember PJ at ECR last time around ....and we still have Itogen

BM and BTC are the drivers here

£57k Buy just gone through.

C1P2D,

Chris, "Though BTC has only been in existence since 2009, the cycle is well established"

You cannot claim that a cycle that has run 3/4 times (with two of those in BTCs infancy stage) is a clear indicator.

Trying to claim that BTC will drop flys in the face of all commentary and opinion that is coming from respected commentators/experts.

The world of BTC has changed dramatically in the last couple of years with recognition that major companies and governments are looking to invest / have treasuries which could be in the $billions equivalent.....demand is going to rise more and more over the coming years.

When I say mid-term BTC will go up , I am talking consistently over the next 2-3 years.

Those companies that can accumulate bitcoin over the next 2 years will certainly reap the benefit.

And with running cost of only c£100k a month you can see how ECR will be able to build up a decent BTC treasury , cover costs and maintain 12 months cash in the bank as BM delivers .

Yes, Read nearly every market commentary and BTC is forecast to rise will massive uptake on bitcoin treasuries by major companies, and governments looking to have BTC reserves to hedge against currency fluctuations ....so BTC demand, and the price, will only increase.

BTC is only going up in the short- mid term

So in quick summary:

- They can only put up to 50% of profits in to BTC

- They must keep a years worth of running costs 'cash' in the bank

Good risk management.

So once BM gets up to production (even at the lower estimate) it'll take a few month's to get to the full year cash position and then we will be able to put 1 or 2 BTC per month in to the treasury.

Obviously if we are at the 60 tph end of the estimate we will be able to fill the required cash position in 3 months and put 3 or 4 BTC into the treasury per month.

A much better position that some of these companies that have set up treasuries and may only have the capacity to purchase one a year....we will actually be able to add consistently.

All the pieces are coming together here...added a few more today.

Re the Tax losses....if we do go in to the realms of 50-60ph production then those tax losses will be more beneficial to hold on to.

The revenue generated would easily offset ECRs overall exploration and running expenses so a 'lump sum' of c£4m wouldn't positively practically impact the operation of the company at that point.

Personally I would be very happy if they kept and utilised them.....but is a win win either way

Just in case you missed Nick's interview today:

https://www.youtube.com/watch?v=qIc7EPHukaY

Thanks for posting that for about the 20th time Sausage/Coco.

In an interview about a month ago Nick alluded to the fact that they were progressing the application for a full mining license....So that work is/has been going on in the background.

Coco/Sausage big news day so on both alias' I see.

When MW and Nick took over BM had sat idle without being touched for a year, Baillieston was only tested for gold, Tax losses were idle for years and the company has only a couple of weeks cash left in the bank and were on the brink.

Now we are near production at BM (absolutely no basis for you to state the drilling there is poor ).

Lolworth has progressed massively with partnerships signed...drilling programme upcoming.

Tax losses are in a saleable state (although we may keep them ourselves)

We have plenty of cash in the bank (again you imminent raise assertion has no basis in fact).

Antimony at Baillieston.

And the drilling at Creswick although he results were sporadic, have caught the eye of a potential partner.

Yes, MW dropped the odd bo***ck in interviews and carried some historic baggage, but he has left the company in a much stronger position.

Now we wait for the BM results, new BOD member announcement and possible 60 tph/license purchase to see the next steps (or leap) forwards.

Will be interesting to see if there is a step change on various ECR BBs as I have always felt there is an anti-Doc rather than an anti- ECR element to some of the negativity.

The operation is in a great place and BM results and production will certainly take the handbrake off the SP.

My guess would be an Australian based BOD member replacing MW... Makes sense logistically and could be the main reason for Nick's trip.

Cashing,

I have no doubt your maths is correct.

My rough estimate was a calculation based on £1 per pan which was framed as poor in the X post ( unsurprisingly framed as negative) just to illustrate that it is actually a good sign.

As you say the lab results will be key and exceeding 0.6 or utilising a 60tph washplant would be significant

I see Brownfinger is on X again complaining that the 9 pieces of gold is only worth about £1.

Doesn't he realise that's from only about half to two thirds of a bucket load of dirt in one pan....and we will be doing 25 tonnes per hour (or maybe 60 tph).

At that rate we would be around £12k-£16k per day in revenue for 25tph.

"The results are very much what we'd hope they would be"

And spending a couple of extra weeks at BM as they've identified further prospective areas.

They are making sure they do a thorough job...Looking positive

Congratulations in today's stupidest BB question!

Strange time to sell with Nick in Oz and BM testing underway.

Think they will regret that decision in he next week.

Must be looking up here.

On X Goldfinger deleted his post from yesterday saying poor news was due...and now he's optimistic.

I wonder which trade today was his buy in

Not really worried about the odd 0.01 or 0.02 daily rise.

I'm more interested in confirmed progress on BM which vould see 0.1 or 0.2 daily rises as thd story progresses.

News coming shortly on a couple of fronts by the looks of it