Member Info for TalkingSense

Maybe

GEX is the most multi-board ramped share on AIM .

Wouldn't touch it with a barge pole.

ECR looking good today....could push through to 0.4 barrier shortly with the countdown ticking on the exclusivity period and the chance of a deal earlier.

Good morning Umelahi.

We may get confirmation that Tambo drilling has finished this week.

Within the next two weeks I would expect us to get either an update or confirmation on the Tax Credit deal negotiations.

Will that come this week? Nobody knows, but when it does there is going to be a significant reaction in the SP...and at speed.

If/When the deal is signed off expect an update on Blue Mountain to follow shortly afterwards, and that is going to be extremely significant.

Interesting times ahead!

Cattleman, They've been late reported ....they wouldn't want to show a bigger buy real time as it would have stopped them shaking more sells out.

Can't believe that anyone would sell at this point, but everyone has a strategy.

Definitely won't be getting their hands on any of mine.

Tax credit deal

Blue Mountain commerciality/resource/ plan

Partner on one of the projects for 2 yrs to be announced.

Tambo results

KP license awarded?

Plenty of news to come in the short term....and a couple of game changers in the mix there.

Is that an accusations of insider trading M0neyman?

Just the c30% up on the week.

Plenty of big news to come.

Have a good weekend all.....red dot watch commences again Monday ;-)

....but I cant....

"I wouldn't want to be out of this at the weekend!"

So Someone offloaded about 17m shares this morning before 10am.

SP has held well at 0.4 considering.

ECR seems to be growing a bit of resilience to some volume buying/selling and is actually moving on sentiment.

Let's hope Nick is making progress in Perth. Would be nice to get some sort of progress update (even nicer to get a deal) . Next week I also expect confirmation that Tambo drilling is complete and samples are at the lab ...and maybe another Adam video short

Don't forget his 'news that everyone has forgotten' ....which he is not going to remind us about now, but is going to confirm after it is announced......lol

PS . I know the scores of all Saturday's football matches....I'll tell you them after the final whistle.

And GEX 10% down from the price the last ramper was posting earlier this week.

Better off sticking with a company already drilling, with potential non-diluting cash injection and a potential near term production project.....if only we knew one of those..lol

Another GEX poster (Amy101) spamming other boards....10% down from the last cross ramp earlier this week.

These people really don't do genuine GEX holders any favours.

M0neyman ....I thought everything on X was true ?...lol

There are bears and bulls and traders on all forums/ platforms.

Best advice is always DYOR.

Watch the interviews, read the RNSs (i dont think ECR have had a negative RNS in the last 6 months....and they've issues plenty)

The Tax credit deal is being negotiated within an exclusivity agreement - FACT

Tambo drilling programme is due to end any day now - FACT

Blue Mountain has 91% recoverable gold - FACT

Anything on X ....not so much ;-)

"Plans are advancing for a sustainable gold recovery operation at Blue Mountain, leveraging gravity circuits to minimize environmental impact. The project may reach production readiness in early 2025, providing ECR with near-term revenue potential."

Text from the description of the interview:

https://www.youtube.com/watch?v=GnxITsBw2mM

Afternoon James, The interesting thing with Blue Mountain is that the orphan period may be minimal as the Discovery to investments period may be minimal as the funding may already be in place from the Tax Credit deal.

The gap to production could also be short as it is near surface with a standard/ relatively easy to se up recovery process.

The text below the last interview said the company were targeting production in the first half of 2025

And also Nick has travelled out to Perth.

We know he doesn't travel on a whim, and with the remarks Mike W made in the recent interviews i would not be surprised to see this agreed before the exclusivity agreement deadline on the 28th.

Both parties seem exceptionally keen to get this over the line asap.

Then it opens up Blue Mountain progression and a number of other project/opportunities.

Wrong board?

Should add to this a couple of other bits:

BOD:

Are taking 90% of their salaries in share......they have been all year and are therefore totally aligned with shareholders.

Nick Tulloch has flown out to Perth (Tax Credit final negotiations/ signing?)

Mike Parker has been added to the BOD .....He has a track record of taking resources through to production (brought on to get Blue mountain up and running?)....his CV is impressive!

Apologies for the rough and ready descriptions..Interviews and RNSs will give you more detail ;-)

As we have a number of new investors I thought I would give a very quick overview of the ECR assets:

Tax Credits;

- Obviously the asset of the moment, a$75m in Tax Credits held by MGA (an ECR subsidiary) . These are worth about £9.2m-£11.2m to any buyer in tax savings. We have at least 5 parties now under NDA with one in exclusivity. Mike W has hinted that a deal could be done soon. Any deal will need to include a or some non-core assets as part of the deal.

Blue Mountain - Alluvial at/near surface resource (easy to extract) estimated by previous holders to be 100k oz of gold Mike W hinting there may be more) . Can be easily extracted by gravity method and independent report shows 91% recovery which is excellent .....100k oz with 91% extraction at $2700/oz = $246m. Commercial viability and resource estimate is being worked on . Assume this will be funded by Tax Credit sale and are looking to go into production in 2025 making ECR self funding+.

Lolworth

900km2 license with excellent initial results for gold sampling. Pegmatites are on the license containing Lithium, Tantalum , Niobium and other REEs. A geological group from the Queensland state government is assisting with surveying as ECRs license has been identified as an area of interest. This has been desribed by the company previously as "A potential world class resource"

Tambo :

Excellent sampling results earlier in the year led to the current drilling programme which is underway . Initial signs look good with pathfinders identified....we await the results.

Creswick:

Contains 12km of the Dimmock Main Shale. There have been multiple drilling programmes here with the latest showing better widths of gold. The gold is nuggety in nature.

Baillieston : Drilling results were tested earlier in the year with excellent Antimony results, albeit at depth. Did stir a lot of interest.

Black Cat, Blue Moon, HR3 and Cherry Tree; We have drilled a lot at HR3 with so so results. Blue Moon had excellent initial drilling results , but a second drilling programme showed these did not extent......all of these may fall in the 'non-core' category

Kondaparinga - In the Hodgkinson gold fields and adjacent to the Hurricane project that they tried to sell to ECR for £5m+ last year . Good geology. License applied for , awaiting confirmation it has been granted.

Avoca (and a couple of others):

we sold this to a subsidiary of the company that owns Fosterville. we can receive up to a$2m in payments when milestones are hot. I believe that a resource estimate is due in Q1 next year which could trigger a payment of up to half that amount.

Property ;

We still have a property that is getting planning permission and we are looking to sell that in Creswick

Danglay:

We own the Danglay project in the Philippines which has a NI resource estimate. Unfortunately the political situation in Philippines means that foreign owned mines are difficult to progress ... so no value ther

With 5 parties under NDA, one with an exclusivity agreement and Nick Tulloch having flown out to Perth I would say the odds are really good