Member Info for TalkingSense

Yes I do

Yep, And you invest in a explorer for the future potential....you invest for the jam tomorrow.

Funny you should bring up the JV and % g that a company retains.

GGP retained 30% of Havieron and their mcap is c£380m so giving away a % is in no way detrimental to an SP as the majority partner takes on most/all of the expense of exploration in the JV , but you get a good slice of the profits.

Our mcap is c £5m ( a 76th of GGPs) at the moment so plenty of scope for it to increase as we continue to prove up the resources at Lolworth....I'm not suggesting we will get to £380m , but even a tenth of that right now would be a 7 fold increase to where we are now......Plenty of potential at ECR.

Yes, Like GGP at Havieron

Link to the full video;

https://youtu.be/_T0-65AU254?feature=shared

Looking to farm out Baillieston

BM moving towards production. Looking to move towards a resource estimate to secure funding without shareholder dilution.

Tax loss credit discussions and analysis for disposal have been going on for months, and in my opinion Doc sounds very confident that this will result in a sale.

Up to you if you take the COO's words with a pinch of salt and believe anonymous posters on a BB instead......I know who I'd put more faith in.

Https://youtu.be/_T0-65AU254?feature=shared

Https://x.com/DDS_DocHoliday/status/1811656246971269268?t=mL9YduBWLmxC9750dQYNZg&s=19

Right on queue...Watch the last 40 seconds....alternative funding methods and no placing to fund BM production (Sausage) and will obtain a resource estimate (Ilovesushi).

He answers all your questions

Ilovesushi.

So with you logic every gold or mining exploration company is uninvestable...lol

Yes there will have to be further fund raises but the question is when.

At the moment we are looking at end 2024.

Sell the property and we are looking at mid 2025

Get the tax loss and we are looking 2027 or beyond.

One thing that may bring the dates forward would be if BM is to go in to production and needs a cash injection, but with the promise of income the SP will not be sub 1p at that point (and they would be able to borrow against that income so funding may come from other credit avenues).

Have you any evidence that we are not funded in to 2025?

James, There will likely be future placings, I think the issue is the insinuation that one is imminent which is extremely unlikely.

As we are funded in to 2025 it is unlikely to happen until late this year , and if we get additional income from the property sale this will likely be Q1/Q2 next year.

If a deal is done for the full tax credit then a placement may not be required as this will give a significant war chest and will enable BM to be put in production to negate the need for future raises.

Well Sausage, If you post hundreds of negative posts , mostly with tenuous reality/facts and hide behind this by saying it is only 'opinion' , at some point someone is going to agree with one.

Although on the point of getting one of the of the projects to provide an income stream I have always agreed with you.

BM is the best bet on this in the short term. They got on this asap after the wet season and have sent the samples away for testing.

So they are moving on BM as fast as possible.

The two pieces of positive news from today are the good initial grades found at Tambo ( and the confirmation that there will be a drilling programme there as a result) and the proving of the photon analysis which is a great step forward in speeding up grade analysis in the future.

Instead of having to send samples to the laboratory and waiting 8 or 9 weeks like we have had to over the last couple of years, we can do the photon analysis and get the results in days.

this will significantly speed things up moving forward and enable Adam and the team to adjust plans quickly if required as they have the information faster.

Looking forward to the Blue Mountain analysis results and see what the next steps are there.

Of course it's jam tomorrow.

If it were jam today we would be a producer and the SP would already be 2p+

That's the whole point of an explorer, you have to go through a process and identify and locate where the gold is and if it's commercially viable.

Do you want them to spend a couple of hundred £k blindly digging up BM or do we want them to locate where the richest soil is that's commercially viable and start extracting there?

these things take time.

And todays results will speed up the process as they have a quicker process to identify gold grades which this proves is accurate.

The buckets (bags) of rocks can be accurately tested in days and not weeks now.

No problem Alak,

But can you confirm that in your last post you are accusing the Directors of ECR of illegally posting on a public BB under an assumed identity.

Alek,

"Are we where we are , despite several reasonably good RNSs, because of possible sellings from them"

That is a 100% untrue statement....no Director dealing RNS has been issued.

"What happens when and if they do decide to sell, for whatever reason? They could potentially collapse the market."

then

"And, I don't know exactly how many shares each of those guys hold"

If you knew you would know that all of them selling as a volume would not "collapse the market" as it's a small % of the overall shares.

If all directors sold all their shares in ANY company, then the hit in confidence this would cause would collapse ANY share.

But as this is an extremely unlikely scenario in 99.9% of companies (including this one) then it is a mute point.

Not pathological support.....just calling out unsubstantiated negative BS.

Sausage, the increase in the price 'today' (and trend up over the last couple of years)gives a confidence that the gold price will rise as predicted by many to well over $3000 in the next year or two.

This also encourages investors into gold stocks including ECR as their future potential worth increases.

Also as you are aware both Nick and Mike have alluded to the wish to get Blue Mountain producing so the gold price may have a direct impact on the ECR share price soon.

sausage, so if the gold price collapsed to $200 you think it would have no impact on ecrs value?

of course the gold price (and projected future gold price) matters to ecr as it aims to be a producer in the future.

also it impacts the valuation of ecr licenses/assets.

man , there are some **** poor negative arguments on this bb today

Alak,

They have not sold....there would have to be an RNS for any director dealing.

Secondly they are not on extravagant salaries so don't own a huge % of the company between then ....so IF they did decide to sell their shares it would not 'collapse the market'

A little scaremongering with no basis there.

Doc has tweeted that the shares were issued to the group back in 2023 .....but they are not being submitted until 17th July 2024

Obviously good news if these were already allocated and sold last year as no risk of a mass offload on 17th July.

I'm confused , surely you would have to submit them when they were issued (going to lie down now)?

So Panther have allegedly disposed of shares in ECR which ECR have not allocated.....no RNS with the submission of the share that I can find.

Very strange

Looking at the RNS from last year on 5th April the shares were not allocated at that time ....the key phrase being "if the condition precedent is satisfied" which I assume has not been the case until now.

There was also no announcement that the 32m shares had been applied for trading t that time or since (until today's RNS).

So Panther could not have sold their shares at the time as they did not have them.

"Proposed Acquisition of Blue Mountain Project, Queensland

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia is pleased to announce it has today entered into a conditional agreement to acquire, through its subsidiary Lux Exploration Pty Limited, a 100% interest in the Blue Mountain Project, Queensland, Australia, which also includes the Denny Gully Gold project (the “Proposed Acquisition”). The total consideration under the agreement is GBP200,000 which is to be settled by the issue of 31,913,196 ordinary shares at a price of 0.6267p (being the 30-day VWAP prior to the date of the Agreement), if the condition precedent is satisfied."