Member Info for TalkingSense

I'm guessing the £6k was for the independent reviewer of the Victoria technical data?

Never claimed benefits?

So you don't claim a state pension, take the annual heating payment or free TV license?....all state benefits

Tamer , yes they were talking about assay results

https://twitter.com/Share_Talk/status/1734893008766525913?t=BwjC8AC49G5zWXFVLusGuw&s=19

Have you got your brain on lease snd skipped a payment?

You are looking like a complete novice/fool with some of your comments (I.e. are they using Midas?...its a DD drill )

Looks like we will start to find out results earlier than expected.

The 'mid Q1' timeline seems to have shifted forward now with phase 1 of the drilling to be completed before Christmas and results due 'shortly after the holidays'......so early/mid January?

Yes, However if /when the ATO agree it can be transferred , then it is a massive game changer for ECR........that would be one RNS that would send the SP flying.

But as you say....just a number until that actually happens

Yep, That's what I said......We are agreeing too much lately (I am genuinely worried)

A$73m tax credit ....not a$73........lol

Notrex....I'll just clarify

ECR have a a$73 tax credit - That is a fact

ECR can utilise the tax credit at any point in the future - That is a fact

The tax credit is transferrable - This is not a 100% fact , however Doc has stated that the advice they have been given indicates that there are ways to make this transferrable.

Previously when discussed the credit was only deemed transferrable if you could prove continuity of ownership. So if MGA (the subsidiary of ECR who the tax credit is against) were subject of an RTO , this would most likely satisfy that requirement and leave LUX as an ECR company....so effectively MGA would be taken over and ECR get shares in the new company and/or cash injection and effectively jettison MGA , which would leave ECR with all the Queensland licenses which fall under the LUX subsidiary and ECR would then have a nice pot of money and be able to develop Lolworth.

Doc/Nick and there advisors may have also found another way that the credit could be transferred to another company. If this is the case then any deal involving this transfer could be a 7 digit deal which would significantly improve the companies bank balance.

Or we could hit gold at Creswick and keep the credit to use against future profits generated there or at Baillieston or Tambo.

Morning Notrex,

Agree that actions speak louder than words and the drilling is a positive step forward and better than sitting on their hands for 3 months waiting for the rain to stop in Queensland.

You can't just discount the tax loss....although it may not be an immediate impact on the balance book, it does hold great potential future value and if Doc is correct and it is transferrable then it is another asset.

I agree with you that an asset sell would also bolster the SP as it would extend the cash balance which is always a positive move.

Lolworth is shaping up nicely, drilling at Creswick, cash in the bank already to fund 'well in to 2024' and BOD salaries converted in to shares.....operationally they are getting their ducks aligned.

Treated myself to another 310k shares this morning to get my holding to a nice round number (OCD kicked in) and will continue to top up sub 0.22 as funds allow and if it stays at these levels.

Traders watch the SP

Investors watch the Operation.

The thing that was not picked up from the interview is the fact that they are convinced that the tax losses are transferrable.

Therefore if we do get to the stage that we want to offload all . or some of the Victoria assets under the MGA banner , then there is a c10m asset there for whoever takes the asset if they RTO MGA.

That or we keep hold of the tax loss if/when Creswick is proven up.

A win/win situation and quite a valuable asset

Evening Mentalmax.....I think Doc was alluding to the fact that sampling continued in to mid/late November, when some posters had stated that the company had saved funds by finishing all activity in QLD when Nick & Mike took two months earlier.

Sausage, You forgot to give the context : It was in response to the question "What does success look like and what does failure look like?"

Current SP level is a plus IMHO if you are looking to invest in ECR at a low level .

I've added c2.5m over the last month in the 0.2 -0.23 range and am no longer looking to trade.

This is a pure investment for me now so I am looking for progress rather than worrying about a 0.01 day to day fluctuation.

The drill is in the ground and we will get results in the next 8 weeks.

I believe there is one more set of Lolworth sampling results to come (correct me if I'm wrong) and we could get a disposal RNS at any time so potential for that time to be filled with more news.

All heading in the right direction operationally at ECR ;-)

Drilling started!

Well that was earlier than expected after yesterday's RNS.

I though we would be looking at the tail end of next week.

Good to see things progressing quickly ......results should come from the labs early/mid Feb

James, ...I was answering your "What news are you expecting?" question...I didn't mention assays

JV was in the 'could also see' list

Utilisation of the Tax rebate was one that can be added to the 'could' section.

Not in any way saying this will happen. (JV)...but on the flip side no-one can 100% discount the possibility

I won't try answering any of your future questions if all you're going to do is come back with aggressive posts

James, To answer your question, I believe there are still some Lolworth results due from the recent sampling.

Other expected news:

Confirmation drilling to commence at Creswick

Drilling results at Creswick

Drilling target identification at Lolworth

and could also see

Asset disposal

JV talks

Morning James.... 'MIGHT be something to discuss' so not a definitive statement.

It would indicate that news is on the way, however it didn't materialise in time for the interview.

So we should expect some fresh update /news in the near future.

Not exactly bad behaviour (you're being a little dramatic there)

Ok Bottomzup.....I'm sure you'll miss my 2.5 posts per day (I've posted 77 times over the last 30 days).

Your prerogative to filter who you wish.

Not yet, but looking forward:

Lolworth sampling results

Drilling to commence at Creswick

Drilling results at Creswick

Drilling target identification at Lolworth

and could also see

Asset disposal

JV talks

So nothing yet.....but plenty to come

I'm sure they don't .

New direction of the company and time to look forward and not back.