Member Info for TalkingSense

EarlOf Aim, Thanks for the unwarranted attack.

If you had been on this board more than 5 minutes you would know that I do not believe only producers have value and that the potential that ECR has is not currently factored in to the SP...and that there are a number of potential 'game changing' events that ECR could have over the coming weeks/months.

Perhaps you should actually read some historical posts and wind your neck in !!!!

Zebbo, Most sensible post of the week:

"ECR would need to convert the exploration licence to a mining licence to legally go into production. To get a mining licence they need to prove a resource. To get a resource they need to test more buckets of rocks.

Exploration is NOT cheap in Australia. It is a wise decsion that the Board are reducing the risk of spending into a project by testing stage by stage. Something previous CEO's never did and blew alot of money. Unfortunately it takes time and patience."

But how is that relevant to Blue Mountain?

We have gone straight in with the pilot plants.

We will then do the metallurgy testing to identify the best method of extraction and confirm the commercial viability.

Then the financing/plan for production will be produced.

I think the BOD have been pretty clear in interviews that this is the path they are taking....unless you can provide evidence to the contrary.

Not alot (no) retesting there.

And only 2-4m depth. I know you've been concerned about depth before so you must be really happy about the lack of cost required to access the resource.

Another handbags at dawn day on the ECR bb.

EOA ramping away,

Sausage claiming testing is a bad thing ( Not many will give a loan or sign up for future JVs without evidence..."Give us some money, we think it's there" won't get the deal done....lol).

The 192 g/t headline number is on the concentrate so not really that relevant as many have stated.

The one fact that no-one has posted about is the fact that the resource is only 2-4m below the surface!!

Once an effective extraction method is identified they can literally dig it out using JCBs.

The main cost will be the extraction process, so the required grades needed to make this commercial are really low.

There is gold there, it's easily accessed...the only missing part is the extraction method.

Once identified and proven to be commerciality viable this will move at pace towards production.

They obviously want to produce at BM .

They have stated that they are going the metallurgy testing to prove commercial viability and identify the best method of extraction.

I think the intention is pretty clear.

Then they will become both , a producer with an income that funds the exploration work in the other licenses which they will prove up with a view in most cases to a JV or a sale.

Dan,

4 or 5 of those 7 months were thre rainy season where no work can be undertaken.

Also as I posted the recent sampling in Lolworth are in new areas not previously sampled....900km squared will have a number of prospects that require investigation.

As I've said many times, Lolworth is a potential beast.

Still continuing your vendetta against Doc then Sausage.

Just my view, based on what I see

Dan, Which tenement are you talking about?

The latest activity has been at:

Tambo- First sampling and looking to drill this year

Blue Mountain- First ECR sampling/trenching and waiting for metallurgy testing to determine commerciality and best method of extraction.

&

Lolworth - Testing new areas in the east and north of the 900km tenements with a view to identifying drill targets for this year and REE sampling.

So where are ECR dragging their heels and playing it safe?

I would add that I believe they should hurry up BM if they are able and get some production planning ASAP.

Of course they are aware of what discussions have already taken place and what demands prospective partners may have put forward around how much testing needs to take place/how much data is required before any sort of negotiations can take place, and they may be fulfilling those requirements.

The company have said they are looking to do drilling at Lolworth this year (will have to be completed by end Nov with the rainy season,).

Dara,

If selling the equipment was so obvious why didn't the previous management do it? We're you posting to sell the drill?

Blue Mountain is being rtested to ascertain the best method for extraction (unless you know the best one..let Doc know if you do) so not on the back burner.

As you are negative on the BOD performance can you give specific examples of bad decisions the new BOD made ?

Major Microsoft IT outage is impacting the LSE , airlines and other services worldwide (should have shorted Microsoft yesterday ....lol)

BH.....I can't believe you were ramping this with the higher estimate number.

The estimate was 80k to 100k oz

.........So at the lower end that's only $200m (minus extraction costs).......lol

Current mcap c£5m ;-)

Well the last 2 'black' buys of 2m and 4m shares pee'd on that theory .....lol

The black trades = c12m which would be approx. Tangs holding.

Notice the 50 trade?.......obviously not a signal and was a co-incidence the next 3 sells added up to 5m (???)

All Directors agreed to cancel all warrants earlier in the year so Tang has no share options to exercise,

https://www.lse.co.uk/rns/ECR/cancellation-of-share-options-2agsarbe6ruzcod.html

He only has his already held shares and 'salary shares' from the last 10 months. His holding was c9m in April:

https://www.lse.co.uk/rns/ECR/salary-sacrifice-admission-of-shares-and-tvr-p5owwcn62j153ey.html

So if he was selling he would have been sold out in a couple of days.

Is just a takeover of WH Ireland by Zeus Capital.

We've not moved to a new broker.

No 'indication' of anything else happening.

David Tang has left the company ....I know a lot of people have been calling for this for a while.

Hi Daramunda,

Not sure why the size of my investment is relevant..has no impact on ECRs progress.

Not hurrah hurrah...Just pointing out the potential here. Happy for your view if any of these events would not cause the SP to go 1p+ (mcap to over £16m)...each one is a possibility.

*Sale of tax credits

* JV at Baillieston (antimony)

* Confirmed plan of production at Blue Mountain (alluvial)

* JV with our neighbours to the east of Lolworth (we know discussion have been had regarding the potential REE resource to the east end of the licenses).

* Successful drilling campaign at Lolworth (MW has stated that we are aiming to identify drilling targets and drill at Lolworth before the end of this season (November).

Any ONE of these is possible before the end of the year and if two or more of those come to fruition then we will be well north of 1p.

*****Confirmed plan of production at Baillieston (alluvial gold) .....not Baillieston

This is an ECR board ....I'm not interested in discussing other companies (You should check out the turnaround at VOY that Nick has lead if you want to get the BOD backgrounds).

Back to ECR:

There are a number of potential developments , EACH of which could take the SP to 1p+ (mcap to over £16m).

*Sale of tax credits

* JV at Baillieston (antimony)

* Confirmed plan of production at Baillieston (antimony....ECR are seeking potential partners).

* JV with our neighbours to the east of Lolworth (we know discussion have been had regarding the potential REE resource to the east end of the licenses).

* Successful drilling campaign at Lolworth (MW has stated that we are aiming to identify drilling targets and drill at Lolworth before the end of this season (November).

Any one of these is possible before the end of the year and if two or more of those come to fruition then we will be well north of 1p.

That's why I'm invested .....Give me some of that Jam tomorrow (Yummy !)