Member Info for TalkingSense

"The deferred cash consideration and convertible loan note have been designed to match future cash flow from expected production to make the Acquisition fully funded."

"the Company will still be able to proceed with the primary use of proceeds areas that were stated in the Company's announcement of 8 January 2026 and that the Company will remain funded to the end of 2026 EVEN WITHOUT REVENUES from projects in production."

Chesh,

And thr 26 tph washplant that is already at BM.

And in the past we have debunked those figures.

The broker note (I assume you are quoting the one from Feb or Nov) will be based on the 'very conservative' 0.12 b.c.m which nearly everyone posting her expects to be uplifted when actual results are released.

And as for the £1.5m (your made up number) ....1. there is some equipment already in place. 2. there is some equipment that can be moved or shared with Raglan & 3. They do not have to purchase all the equipment. They could initially lease some of the kit and then purchase as the BM profits roll in.

So presenting those two as 'Facts' is misleading.

As you state , once we have actual resource and production numbers you can present statements as 'facts' ...and not beforehand

Coco, You don't know the revenue figures so cannot make the 'won't cover G&A' statement

Also the '£1.5m for BM' figure is just one you've made up.

There was extensive drilling/testing on BM and those results and planning will not be done by the drilling team at Raglan.

Chris & Adam will have done/will do the analysis and planning at BM...from memory the resource area identified through drilling last year was 3 years worth of ground.

Coco, Can you explain how Raglan takes time away from BM as I'm not seeing your logic on this, Thanks.

Raglan takes one crew to run the paydirt.

BM isn't even in production yet and there was extensive testing last year and none currently planned.

Also, Absolutely agree with your earlier point that we won't know exactly what Raglan will produce moving forward until we get an RNS/Presentation/Plan ....we are all speculating.

Baileysea...Please provide all evidence that I am a paid ramper as you say ?? The problem with serial fantasists like you is you just make things up as you go along and believe these theories without any evidence whatsoever.

Cococpops, the plan was clearly laid out in the RNS of 26th Jan and 10th Feb.....and the 10th Feb RNS was accompanied by an interview where Nick stated the 2 month plan with testing of additional areas (Phase 2) and optimisation of the recovery process.

You still haven't answered my question:

Why do you care?...You hold no shares and have no intention of buying (as you have stated)

Cocopops, They did start very early February ....There were pictures and videos to back that up.

But why do you care?...You hold no shares and have no intention of buying (as you have stated)

As for local mining expertise.......You do know that Chris Gibbs is overseeing Raglan operations?

Chris brings over 25 years of international mining executive experience, spanning North America, Australia, Europe, Africa and South America. His career includes executive positions with a number of large international mining companies.

At American Rare Earths, he was instrumental in its transformation into a development-ready US rare earths company, which substantially increased its market value. At Argonaut Gold, he oversaw the Magino Gold Project from feasibility through to construction and operations readiness. Earlier roles with Centerra Gold, Barrick Gold and Placer Dome involved large-scale mine development, operational turnarounds and cost transformation initiatives across multiple jurisdictions.

Cocopops, Absolutely agree. The SP is saying that the wider market is unsure on the Raglan resource/revenue.

In Feb Nick clearly laid out that he had a 1-2 month plan that would involve the digging of multiple test pits around the perimeter of 'Phase 1' .

Yes, I agree that they could have done an immediate , dig and throw it through the washplant on Phase 1, but that could have been inefficient.

However (as Nick laid out) they made the decision to understand the wider resource of Raglan and come up with the most efficient plan for extraction over the medium /long term.

As someone invested for the medium/long term I am happy for them to take this more strategic approach and maximise returns.

As a non-holder why are you worried about the timeline (that they clearly laid out)?

Baileysea.

That's now THIRTY SEVEN posts in a row where you have commented on other posters or looked back years and not commented on the current or future operational prospects of ECR.

You make no meaningful contribution with comment on current ECR operations, hold no shares and have no intention of buying ECR shares.

Why are you here?

And your, I have to retaliate as 'They started it' defence that you usually post is the type of excuse my young kids would come up with.

Morning Coco (another non-holding deramper).

ECR are able to take their time and ensure that Raglan resource is fully understood and the optimium plan for recovery is identified as they are not under financial duress and have no need to raise.

Yes, they could have jumped straight into the Phase 1 area and gone straight into full production, but that would not maximise revenue I the mid/long term.

Instead thry very clearly laid out the plan in February that they would take a month or two to expand their understanding of the wider resource picture at Raglan and optimise the production plan.

Thry are doing exactly what they laid out so I don't know why you are stressing out about 'no news'.

Once the testing results are fully analysed and a production plan for the remainder of the year (and beyond) is finalised we will get the RNS(s).

You have no evidence to insinuate that results are poor because news has not been forthcoming for a few weeks.

They are simply sticking to their laid out planned timeline and will release the results when they are ready to be released at which point we will know the extent of the income moving forward.

Rory=they

(I must still have the Masters in my mind🙂)

Bottmzup,

Absolutely agree.

And as other posters have pointed out , we have had no full production plan (just the 1-2 month plan from mid-Feb that must be coming to an end) and no update on grades.

As other posters have pointed out the SP is relatively low.

Shows that no anticipation has been priced into the SP and thd opportunity is still there (we know Rory are recovering gold and not on a duster).

Once the results, 'Phase 2' expanded resource and future operational plans (and maybe a resource estimate) are released the the SP will react accordingly.

Some rough sums(happy to be corrected) based on ECRs VERY CONSERVATIVE 0.12 g/b.c.m which I expect to be significantly upgraded:

A 60tph washplant will process around 33 bcm per hour.

Assuming a 10 hour day and 0.12 g/bcm (ECR's very conservative figure) thats about 1.5 ounces per day.

At today's price thats just over $7k a day.

$2K a day expenses leaves $5k profit.

21 days a month gives c$108k profit a month....and thats the low, conservative estimate

Shareroolie, Can you put Geynwin in touch with your old maths teacher😁.

Gwywin, I wish those figures were correct, however I feel you are mixing up you g & oz and you bcm and g/t

Yes , ECR will be a completely different beast when BM & Raglan are both producing ( and I assume we will massively accelerate Lolworth exploration at that point).

Raglan predictions will be interesting ....If Raglan covers G&A + £50k a month then theoretically e could have c£1.8m in the bank if BM is ready to progress near the end of the year.

And for balance if Raglan is covering £50k less than G&A we would still have c £1.1m in the bank at that point.

Remember ECR already has some equipment that can be utilised at BM & Raglan (including the 3 Washplants - 60,26 & 10 b.c.m) so it won't be a full set of equipment that need to be purchased (and they may decide to initially lease some equipment at BM to reduce initial outlay).

It's certainly going to be a very interesting update from Raglan !

Yes, Non- holders still have time to get onboard as plenty of upside to come as Raglan production minimally/not priced in at these levels.

If the SP tells the story then 9.6% up today and 34% up for the last 6 months.......ECR travelling in the right direction.

If resource/production estimate shows G&A will be covered then the Raglan price in will re-rate this really quickly.

Nomlas, Either an inkling of a Monday RNS or just a build up in anticipation of the initial grades/ production figures from Raglan.

We know they are coming along with an update on the 'Phase 2' expansion of the resource area.

Not a question of if, but when the update will appear.

Bailey,

The company has been running paydirt since early Feb and have stated that they would be digging test trenches to expand the resource area for 'Phase 2' as well as proving the recovery rates for Raglan.

So not 'sod all happening' as you state.

Also thanks for the abuse (which was not a 'reply' as I hadn't abused you).

Just a matter of time until we get an RNS on phase 2/ recovery rates/next steps.

ECR have plenty of cash in the bank so can afford to take their time and test/analyse/plan for maximum returns.🤑

Actual holders here realise that is the situation and wait patiently.