Member Info for TalkingSense

For all those new here who want to research the company theyve already bought in to here are the BOD interviews from the last week or so that mention the potential a$75m tax loss credit utilisation, discussions, funding in place, potential deals and of course the recent strong results from Davey Road and imminent results dues from Kuboid Hill drilling.

Mike W

https://www.youtube.com/watch?v=HofbWGy13Ag

Nick (chairman)

https://www.youtube.com/watch?v=G4sJEHN8Nxo

Cashking, Yes, A couple of familiar names appearing from elsewhere ;-)

Good summary Daramuda

And the company did a lot of surface sampling so the data set has expanded.

Davey Road and Kuboid Hill are the first of over ten identified possible targets at Creswick.

When CB mentioned the approach a couple of years ago he hinted at Newmont.

...And they have the license directly north ofg our Baillieston license.

Remember Mike & Nick did say they had been talking to the neighbours.

Mental.....Anyone investing in the last 5 months is likely in profit.

only us LTHs are still currently in the red ...but I feel the tide is turning and sentiment and results are building.

The company is on a solid financial footing now, Davey Road results were definitely encouraging and the Lolworth results have been consistently strong.

Let's hope Kuboid Hill can continue the positive trend ...indications are good.

Morning All, nice to see this slowly building in anticipation of the Kuboid Hill drilling results and (as per Mike's interview) the potential of other news on the horizon.

Fully funded for 2024 with potentially more cash coming in from the property sale once the planning permission is granted so no issues on financing.

Https://www.youtube.com/watch?v=HofbWGy13Ag

This will quickly gap up from 0.3 - 0.5 so squirrelling away as many as I can (as funds allow)

In case you missed it....well worth a listen

https://www.youtube.com/watch?v=HofbWGy13Ag

Thanks Daramuda,

And definitely worth listening to the Mike interview from today if you haven't already.

Good grounded interview with plenty of positive messaging.

Https://www.youtube.com/watch?v=HofbWGy13Ag

No, I just focus on the operation and not the other noise that happens on this board (there is a lot of historical baggage that some LTHs are applying to their opinions)

Too many agendas have diluted/covered the great progress made by ECR.

If you look at the RNSs objectively from the last six months they are pretty much all positive, yet this board and the market does not seem to grasp the impact of the progress and results made (especially not helped by TI's constant ramping of every phrase uttered).

Take Creswick for example, 11km of the Dimmocks Main Shale (DMS) under ECR license and ten plus areas of interest already identified. The potential there is huge and we identified 41g/t in the first set of drills...and this one apparently is looking better.

There were companies that took a look (probably just and initial look , which CB blew out of proportion), but the data model there has been increased significantly since then will a lot of surface/rock chip sampling and now successful drilling programmes.

Then you have the $a75m tax loss that the company has been advised on and (reading between the lines of the interview) had discussions on .

And that's before you even look at Lolworth , which I believe will be the biggest value ...the stream and initial gold soil sampling grades there we incredibly good, but the market seemed to miss them completely. And the REE potential is potentially huge as well.

I'm just continuing to add as many as I can as the market will suddenly wake up to this and with a £4m mcap with multiple possibilities of game changing results it just looks incredibly undervalued.

Https://www.youtube.com/watch?v=HofbWGy13Ag

Mike was very bullish!

Https://twitter.com/DDS_DocHoliday/status/1758113980227199366?t=iqNeQlFVBQG_NfKrkwgncA&s=19

Looks encouraging

Nick and Mike really are in control of the company now.

there have been calls for DT to step down for a while...or justify his position , so this will be well received by those who have been invested in the company for a while.

Another positive step forward

We are c20% up from our lows of last October.

And no we have not found any confirmed commercial gold yet (if we had the 0.23 SP would be very worrying, lol).

However since October:

* We have stabilised the finances and have enough cash to cover all of 2024.

* We have expanded the gold footprint in Lolworth and had exceptional sampling results with trenching and drilling planned at Lolworth in 2024 to firm up those encouraging first results.

* we have had encouraging REE sampling results at Lolworth with more due.

* We have completed one successful drilling programme completed at Creswick (gold in 5 of 7 holes and grades of up to 41g/t).

* The second drilling programme at Creswick is underway and the COO has stated that the initial signs on the geology are more encouraging than Davey Hill (but we will need to wait for results)

* The company have indicated that there may be a way to monetise the a$73m tax credit that MGA has against it.

* We have the new KP license (next to Hurricane) in Queensland.

* The BOD are taking shares in lieu of salary and so have a lot of skin in the game (and shows their confidence)

* Nick has spent a week in Australia where he has held talks with a number of parties (about what we do not know, but it is a long way to go for a lot of jet lag and a jolly so I would assume there was a reason)

So operationally we are making excellent progress, and this has not yet been reflected in the SP (I would argue that the progress warrants a more the 15% rise) , but sentiment is definitely changing with the vast majority of investors and I believe there will be a tipping point/result that causes a re-rate in the SP in the near future....there are a lot of possible pieces of news that would lead to this.

Traders watch the SP

investors watch the operation

Nicepair ,

Are you genuinely that stupid?...lol

"if an sp is 7p and it goes up to 35p , how many percent has it risen ? Then if it falls back to 7p its the same percentage fall "

.....No, When it goes down from 35p to 7p that would be a 80% drop?

New username , but the same poster who cannot admit making a mistake (and who still gets caught making them regularly)... some basic maths lessons may hep you?

Now, perhaps you would like to post some actual comments about what's happening in ECR now, rather than your usual generalised pedantic, deramping and abusive posts

Notrex,

If a share goes down from 35p to 7p has it gone down 400% ?

You said: "they are down around 400 %"

How I'd do the tax losses/ how it might play out.

Let's assume Newmont ,who have the license directly north of Blue Moon/Black cat (can't remember which from memory) are interested in taking over the tax loss

Transfer over Creswick, Tambo and Baillieston from MGA to Lux (or set up another company).

BM/BC remains the only license ramaining under the MGA banner.

Newmont then do a deal to purchase MGA so we lose BM/BC but retain the remainder of our Victoria licenses.

Newmont get the BC/BM license which extends their existing ground to the south and also access the tax losses.

We get a nice £xm cash injection which massively accelerates our ability to drill in Victoria and Queensland and keeps hold of the core Baillieston and all of Creswick licenses.

This also gives us good communication with Newmont when it comes to potential deals/partnerships further down the line.

Just one scenario

"they are down around 400 %"

Lol....do I even need to comment.

If you feel that way Nicepair, then surely you are an idiot to invest in what you believe to be a inevitable loss making market segment?

GGPs mcap is still c£370m so still very valuable. It did peek at c£1bn , but you can easily argue that the market and investors were over enthusiastic at those levels.

Prior to their discovery (from memory) the mcap was down around the £10-30m level and the share price was easily sub 1p.

So the potential rise/fall of a company does depend on which point in history you take your baseline from (and what narrative you want to put forward).

Look back further than 2020 and GGP has 10+ bagged from those levels.

With ECR I prefer to look forwards and not backwards beyond the current management starting as the company has majorly changed direction and confidence is growing

Any investors in the last six months are likely in profit as the SP has only occasionally popped it's head up above the current SP.

Any investing prior to that are CURRENTLY sitting on a loss.....but things may change ;-)

Doc/Mike will be giving his thought on Cuboid Hill and other subjects in an interview being released tomorrow.