Member Info for TalkingSense

"ECR and teh OCTO deal is dead"

Can you please provide any actual evidence to back up that baseless claim .

I'm getting clown vibes from your posts.

No, you are right James, as your last post shows you don't only post with a negative slant...lol

Hi James, There is a RNS released target date for the end of the week....as you know.

Some may invest in anticipation of the deal being done.

I did not say it will be done or that anticipation would increase.....you (as usual) jumped straight in with a negative view as usual.

I guess we will see what happens as the week goes on.

And I agree that the 2 x 27.5m trades were likely some sort of share movement/transfer.

Not much happening .......I think nearly everyone is on "wait and see" mode at the moment.

Will be interesting to see if this continues all week or anticipation builds.

The traders got burned at the end of Jan which means they may be more cautious this time around.

Hopefully that will allow a free flow of the SP when news arrives at the end of the week/ start of next week with regards to the tax losses......be it deal done, delay or deal off/alternative deal or parties....and that's the point, all options are in play as no-one knows for sure.

Cocopos,

What are the 'alot of hoops still to jump' to get the Tax deal done....I didn't know you had detailed knowledge of the process.

Please illuminate us....or are you making another baseless statement?

My dear disalusioned Cocopops:

"Octo deal is dead, let’s just announce that and get a better deal underway rather than all this nonsense"

Another baseless statement based on no facts whatsoever....In fact if you had listened to last night's interview you would know the deal is still very much on, and if it weren't thr company would have to release an RNS...which they have not.

With your repeatedly disproved statements you really are the laughing stock of the BB .....🤡

BBN,

And that's the separation point that some are failing to grasp:

Blue Mountain is funded ...there is no dependence on a Tax Loss deal for ECR to move to production.

Tax Loss deal money enables the purchase of further projects at rock bottom prices....there are a number of good prospects out their owned by distressed companies that are being forced to offload them to survive or just have not the funds to develop them. ECR may time this perfectly and pick up some bargains (from memory BM only cost £600k) which are very prospective and which they have the funds to progress effectively.

Ok, So as I understand it in your scenario:

You are assuming that the Tax deal will not happen, that BM will not actual produce and that Lolworth will not turn out to be positive (despite all 3 progressing) and there for the SP will not move in the coming months.

You are also assuming that the current BOD will leave quite soon.

Then you are assuming a new management team will come in, smash it out the park and quadruple the SP enabling the current BOD to cash in.

That's a lot of assumptions and a worst case scenario that let's the current BOD get their "complete pay day" (of course in that scenario the SP will still quadruple which will benefit all current shareholders).

I think in most likelihood BM will go in to production ....and even with the conservative productivity figures (£2.8m/yr minimum) this will cause a significant shift in the SP.

I also feel it is likely that we will sell the tax losses ( Personally I think Octo will complete the deal, but if not (as I'm sure you next point is they might not) there are enough interested parties that i feel a deal will be done this year.....causing significant movement in the SP.

And then we have Lolworth with both academic and Government of Queensland geological department partnerships, excellent initial results and drilling planned for this year.....sizing up to be a monster prospect (still early days).

So your worst case scenario for the current BOD to fail and make a profit means all 3 current SP movers need to fail, the BOD leave and the SP subsequently quadruple (shareholders win)

More likely (IMHO) is at least one or two of the current 3 SP 'movers' is successful and the BOD makes a profit as the SP significantly increases.

At the end of the day the BOD will only make a "significant profit" if the shareholders do too.

"But why so many- its a complete pay day as they could leave without actually having any success, some other guys come in and rerate the stock and yet they profit massively for executing absolutely nothing"

So how , if they achieve nothing are they going to have a "complete pay day" when they are paid in shares?....cannot see your logic there ???

Surely with options at 0.5 and 0.75 they would have to achieve something to get the SP well above 0.75 to "profit massively" in which case we will all be 300%+ (those of us with shares) better off than today and will also "profit massively"?

Cocopops, My sad little clown. Getting a little flustered and desperate today aren't we.

I hope they do exercise all their options as this would be likely done above 1p so 300%+ up from today.

They are not going to stop all activity at other licenses to concentrate on BM as they don't need all their resources all the time to do this and it would be poor management to neglect/mothball all the other projects.

They can still have another geology team running at Lolworth and do the pre-work and modelling required at BM without impacting the timeline.

"why is the octo deal falling?" Please show me one shred of evidence this is happening when the company in the interview say it is still on track.

The BM timescales have been set out that they hope to be in production by the end of H1 .....Have you any actual evidence that contradicts that?

"They need a mining person on the board and streamline everything into BM" - Mike Parker (you know him as Palmer...lol)

"why did teh placing only go to the ceos mate? " (flustered spelling) - Can you provide the name of this 'mate' the placing went to....or is this more deramping speculation?

Come on , let's have some actual facts , instead of you're aimless Trumponian rants claiming your biased opinions and baseless statements as facts.

Bottomzup,

Level headed summary there .

We have a lot of unwarranted vitriol about trust being broken.

The company said there would be no raise about 7 weeks before the raise actually occurred and there was A LOT of progress around Blue Mountain and the MGA deal in the interim period, the position of the company had changed greatly.

As you say it was a shrewd move as we only had funds at that point until early 2025 and Octo would have had us over a barrel in negotiations and any raise later would have likely been at a much lower level causing greater dilution.

Now we are finance for all activities for 2025 including getting BM in to production, have a strong negotiating position on the MGA deal (if it's not the right deal we can walk away, and we have other interested parties).

ECR are in a strong position to progress at Lolworth and BM, gain an income negating any future raises and getting the MGA deal over the line giving us funding for other projects/ partnerships.

Also I assume that those parties who had access to the data room can see data on all of MGAs assets , so increases the likelihood of a future approach for collaboration at Tambo or Creswick also.

The extended timelines did cause some traders to get burned (little/no sympathy from me) but for those holding for the more medium/long term the prospects have still not changed.

I'm very confident we will see significant progress on a number of fronts and the SP in the coming few months.

"Fact is the interest levels are low so confidence is low"

Cocopops, That's not a fact , that's your interpretation.

And yes all the derampers have moved on for now...except one

"Quiet here too, which tells me that 28th might be at risk"

Yes Cocopops, The number of posts on this board is a determining sign if the deal will complete or is falling through..🤣

🤡

$2937

(The BM £2.8m/yr estimate was based on gold at $2700)

Coco, Can you link the post where they said they had been offered better terms as you claimed.

Cocopops,

We know Octo have not pulled the trigger and Octo have not pulled out of the deal....so you don't actually know their position.

From today's interview it sounds like there are a couple of things ECR have insisted on that Octo need to comply with to get the deal over the line.

Today's RNS , although required to notify shareholders of additional interest, could also have been a shot across the bows for Octo.

Where Idid they say they had better terms (link please) or is that yet another made up quote?

Mike did say in the interviews they would consider other offers IF they were on better terms.

Cocopops/ Sausageisadick (never both seen in the same room at the same time)

You were prattling on about the same thing when the SP was 0.21 and you were screaming that it would be 0.1 before the end of 2024.

You have always just flipped form one perceived negative (with no evidence for your stated fact ....sorry, opinion) to another, to another.

You are undoubtedly the saddest individual on the BB.

Anyway enjoy your beans on toast for one this evening.

And with the options at 0.5 and 0.75 I hope they make an absolute fortune, as all holders will be hanging on to their coat-tails while you are on the outside looking in.

IBAB, I think the words are either sad, lonely, bitter and trolls......

.....or you may see more positivity return to the board now that the 12m buy has been worked. It could be job done for one or two 'negative' posters who may now be more 'invested'....lol

Cocopops: "So my question is that ECR have had FOUR other parties under NDA for 2-3 months- Why have none of these come forward given the dynamics of the market?"

Because they have been in an exclusivity agreement for the last 2-3 months so are legally unable to engage.

In today's RNS they have said they are engaging with other parties, but still are looking to get agreement with Octo before the end of the month.

Cocopops, " there hasnt been a solution for teh water issues yet"....you don't even know what the issue is or if the solution is simple like drill a bore hole (which given the location is the probable answer).

Easy to get a small scale operation up and running in 3-6 months.

The extraction equipment initially will mainly be excavators and trucks and a gravity fed system is standard off the shelf equipment.

Not exactly a bespoke build requirement although I'm sure they will make adjustments to maximise productivity.

While they are ordering/waiting/optimising the equipment they will be doing the ground penetrating radar and other methods to identify the best place to start the excavating so they are ready to go .

They can extract up to 1000oz before requiring a full license so no delay there as well.

Oh, and the property sell is c £115k, not the £60k you have repeatedly quoted (but you are not really one for facts).

Seems you are wasting a lot of your time here again today along with the full negative crew, I see the Sausageisadick login even made a guest appearance earlier.