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Morning Mental,

Yes , He should be able to see who has flipped the shares and not send out the invite next time there is a raise (which is not any time soon , as per the recent interview).

The best part of yesterday and today is that we are shifting some serious volume and burning through the placement shares at a decent rate. The seller is holding back the SP and it would be good to get rid before any good news arrives so the SP can flow free.

It is noticeable that Doc has only posted about his interview and Mines & Money and the wider gold market since last week.

The majority of his posts before that related to specific ECR licenses and progress. It does make me feel that something is being discussed or coming down the pipe in the coming weeks. What it is is anyone's guess, but I think there are a few hints in the recent interview.

Happy to keep topping up as funds allow in the low 0.2s and get the average ever lower. Once the overhang is cleared and we get news I don't think it's going to hang around here for long.

Up 7% when you forecast a drop and more importantly cleared 80m shares

Doc interview:

https://twitter.com/TheMoneySponge/status/1719728092950745401?t=ctMkekNaAYecdej0ri1x-w&s=19

IF there is a JV announced on any of ECRs assets then the SP will be well north of where we are now.

Southern Cross in to Baillieston would be the most likely IMHO and it would make sense from there perspective to look at an potential RTO of our Mercator Gold holdings as that would give them Creswick, Bailieston and Tambo....and they could make use of the £ms in tax credits with their discovery which is obviously commercial.

This would leave ECR with their LUX assets in Queensland.

That would be the dream scenario and would be a 10 bag from here (and the is a IF and not a prediction)

Another great observation/prediction 🤣🤡🤣

Dan, I think is was probably more around ditching Hurricane.

a$6.9m was way overpriced and in hindsight it does look like a sweetheart deal for the Placer Gold shareholders (I think AH would have been one).

ECR's sampling showed Hurricane was a good prospect, but way overpriced. I'm guessing pulling out of the deal led to AH moving on.

Actually, pulling out of the deal was another prudent recent move from ECR.

Mental,

I do respect your point of view.

I believe that the HR3 planned drilling is an extension of the previous drilling programme (as the RNS says 'to the north of HR3' ...I think it was TI who said it would possibly be deeper drilling (excited post?).

Wouldn't north of HR3 put us closer to the Southern Cross license area?

I absolutely agree (as I think all posters would) That we have seen instances of ramping by old BOD members (phones ringing off the hook springs to mind) , but this is a new BOD and they are taking a very pragmatic and measured approach to the business.

Lolworth continues to deliver....and that's just on the gold side. The REE also looks very good there.

They will have undoubtedly received offers/opportunities being new BOD members and with the Southern Cross results interest will have built in the area, although there is no guarantee that 'a deal' is being done.

I keep hearing that Doc/Mike are ramping' the company, but no-one has yet provided a single instance/ example of this despite me asking on many multiple occasions.

Doc did state in the last interview that ECR have enough cash for he proposed drilling and other activities and will not be 'passing the cap around' any time soon.

I do respect that some investor will wait for more concrete progress before investing and others (such as myself) will get in early and take the greater risk for the potentially bigger reward.

Snip,

You weren't 'bang on' with your imminent raise statement in April.

You weren't' bang on' keeping hold of your shares if you 'knew' they would fall (some would say that is you being idiodic if that were the case).

Saying a AIM share will fall and it happening is not a 'pat on the back' moment as you could go on all the AIM boards and predict a fall and be correct in the majority of cases.

Smacks of bitterness at making a loss.

Morning Mental,

So you are saying no-one is allowed to have optimism in the new BOD as ECR have failed in the past.

I don't think anyone is saying this is going to be 4p again in the near future, however there is a realistic chance that this could easily bag from these levels given a positive update, start of drilling campaign, JV announcement or other step forward.

Would a £10m mcap be out of the question if a JV were announced on one of the Victoria licenses? ...I think not (that is not saying a JV will happen, it's just an example).

Again , the past does not dictate the future on ECR and any new investors have a decent chance of a very good return.

I continue to add steadily at these levels and have brought my average down considerably and although down at the moment , I am confident that I will breakeven, or get in to profit over the coming 3 months.

There will be activity including drilling at Hr3.

Lolworth results continue to be very good....I think that's 7 or 8 good results RNS's in a row there (the market will wake up to this at some point).

Creswick still has 12km of the DMS under ECR license and there are many areas of interest that have been identified (and we have had one positive and one Ah throw the dice negative drilling campaign there).

So plenty of possibilities for those who don't dwell in the past.

Morning Snip,

"Who has been dumping all these shares in the last couple of weeks? Surely it's the 2 Directors cashing in their monthly salary. "

I don't believe that their shares for the quarter have been issued yet so that is a factually incorrect statement.

But don't let that get in the way of your usual rant.

***Cannot be discounted (sorry, phone typing)

Hi Nicepair,

The current mcap is c£3m and at the last annual report ECR had assets of c£6m so it looks like ECR is undervalued at the moment , especially when you look st the multiple encouraging results from Lolworth which is shaping up nicely.

You are criticising TI (who I admit gets a bit excited) for using information BOD members are giving in interviews and saying this is not reliable...Do you have any reason to believe Nick/Doc are not being truthful?

Whereas your 'facts' are that past CEOs have not delivered on their promises.

It is unusual that Doc has nog used the hashing #ECR since last week having previously posted, sometimes multiple occasions on a daily basis.

It is possible that something significant is j the pipeline (I'm not saying it definitely is, but it cannot be didcohnted).

Time to start looking forward Nicepair.

Wrexham were in the National League for 15 years but they looked forward and not backwards and upped their game and got promoted to the football league.

Now neither Nick or Doc are Ryan Reynolds , but they are injecting new ideas and a new direction.

We all know TI gets a little excited and screams JV at the drop of a hat and I'm not defending that.

However is is strange that Doc has not posted a #ECR post since last week so there is a possibility that something is brewing in the background.

If you haven't, I would recommend listening to the Doc interview and you can see why TI's excitement this time has some chance of being warranted.

and if you missed the long interview with doc last week ...this is definitely worth a listen.

https://spongeshare.com/2023/11/02/investor-meets-director-ecr-minerals-coo-mike-*******/

some points raised:

the bod are frustrated that they feel some posters on the company are based on "judgement of past endeavours" and the new bod have not been given a chance to implement the changes that the are making....he acknowledges that they will be judged on the outcome of their results moving forward.

hurricane was in their opinion overpriced with a value in the region of a$6.8m being applied to it. karaparinga (kp) is 2.5x the size and they believe that kp can be advanced as fast as hurricane could have been.

being new bod they have received many calls about assets both in queensland and victoria. some of these calls are "interesting" and have "had follow up" and they have "sought secondary opinions" .....read in to that what you wish.

also when mentioning the proximity of baillieston to southern cross doc also mentioned that there is a lot of interest being generated in the areas and some calls taken have included the baillieston asset. he was very general and not specific on the content or outcomes as he is bound by what he can say.

lolworth: since sept the bod feel that they have had positive update after positive update but this is falling on deaf ears.

they believe lolworth is shaping up to be a legitimate asset , it has easy access for drilling and they are looking to move forward on to drill target generation.

For those that missed is amongst the noise.....TI noticed this from the September RNS...had fallen under the radar:

"Further work at the HR3 prospect at Bailieston tenement EL5433 is planned, including a soil geochemistry programme and follow-up DRILLING to the north of HR3"

https://www.lse.co.uk/rns/ECR/asset-overview-and-evaluation-8fh67hoj07qp25l.html

You still can't get your sub 0.2 by in target though Mr 1.49.

Looks like they were filling those 12m buys that have gone through this morning.

Well I'm more confident now.

The last time Notrex predicted sub 0.2 we hist 0.25 the next day...lol

As notrex said on Friday

"Furthermore, it clearly demonstrates that for a gold exploration company a turning drill and positive drilling results are all that really matter - the rest is just noise"

So Notrex is saying that the drilling is a good sign that the positivity is returto ECR.

I do wish he'd stop ramping so blatantly.

10m + sells on Friday. I believe we have nearly exhausted the overhang sellers snd with everything that was included within Doc's interview there will be plenty of positive output from the company and this will rise nicely over the coming weeks.

Good spot...This flew completely under the radar:

"Further work at the HR3 prospect at Bailieston tenement EL5433 is planned, including a soil geochemistry programme and follow-up DRILLING to the north of HR3"...............................https://www.lse.co.uk/rns/ECR/asset-overview-and-evaluation-8fh67hoj07qp25l.html

First small trade this morning - 435....first two sells = c4.35m shares

Next small trade - 439 ....next 4 sells =c4.39m shares

While it's quiet:

https://twitter.com/MrTimCallanan/status/1720344263362539725?t=cYHGCa1x24Nwz5JZaZBLQw&s=19