Member Info for TalkingSense

Cocopops, If you have any issues with the company you can always email the company and raise your concerns/ask.

Would save you the 100s of hours you spend on here cycling through the same concerns (valid & baseless).

For example , No-One on here will be able to say what Mike W is being paid for.

......The big question is: Why as a non-shareholder you actually care ?

The board is balanced with pluses and minuses discussed when you are not on the BB.

When you and Bailey (I see a green a green box has appeared) who post only negative posts in large quantities appear and abuse other posters if the post a opposite view it does not provide 'balance'.

"And this is just Phase I"

Suggests they are now on the main river bed.

Things moving forward nicely....RNS tomorrow?

The company don't need to raise any money so can concentrate on creating real long-term value and aren't worried about short term fluctuations.(they'll let traders sweat on those).

The company will do what's best for the company in the long term.....they'll take a few extra weeks to expand Phase 1 / Map Phase 2.

They'll release results when they have a full set of results to give a full picture and enable a re-calculation of predicted revenue.

Remember the BOD are mostly paid in shares so they have plenty of skin in the game and are interested in building sustainable growth over the medium to long term in the share price.

Never truer was the saying "Traders watch the SP, Investors watch the Operation" than the current situation at ECR

There's a very clear short, mid & long-term strategy that the company has laid out:

1. Produce at Raglan & cover G&A

2. Produce at Blue Mountain and generate significant profits

3. Use profits to accelerate exploration at Lolworth to provide a resource estimate proving a district class mining operation.

SM, You seem to be under the misinterpretation that they have not been producing any gold .

The processing plants have been running since the end of January and this has been repeatedly stated in RNSs, Interviews and posts on X where pictures and videos of activity and gold that has been produced have been shared.

The strategy has been shared that they are looking to map the additional resource by trenching outside of the Phase 1 area and will look to optimise the recovery process as they move into mining the Phase 1 area.

With £1.5m in the bank ECR can afford to take the time to expand the resource area, improve the process and understand a wider area of Raglan which is what Nick laid out in the RNS dated 10th Feb:

"Clear Path to Expansion

Importantly, the work completed to date represents only the initial phase of mining planned at the Raglan Project. The defined area has been selected to provide a conservative, clearly delineated starting point for operations.

Over the coming weeks, the Company intends to dig and process a series of test pits at the northern end of the Raglan Project area outside of the Phase 1 area. These test pits are expected to provide additional insight into gravel depth variability, grade distribution and potential extensions to the current mine plan, WHILST GENERATING CASHFLOW."

Your (repeatedly) making it sound like they haven't done anything, whereas they are proceeding exactly to the plan laid out previously.

The company communicated they would process 1000 tons of paydirt over the weekend with a promise of an update this week so we should find out more shortly.

SM , They produced a "Production Plan Underway" RNS on 26th Jan in which it clearly stated :

"Chairman Nick Tulloch and Directors Andrew Scott and Chris Gibbs will be meeting in Queensland later THIS WEEK TO OVRSEE THE INITIAL STAGES OF MINING AND PRODUCTION ACTIVITIES AT THE RAGLAN PROJECT."

& "review production progress based on early grade observations"

So they have clearly stated that production commenced at the end of Jan.... And they clearly stated that production would ramp up over time.

They have not yet provided any grades/results (I think we may see an RNS on Friday if not tomorrow on that front)....but have not broken any rules...unless you want to accuse Nick of breaking a specific rule

Cocopops, If Raglan is covering G&A then they won't be spending the £1.5m....that's what covering G&A means (and if they produce more than G&A then the money in the bank will rise).

Some of that will be required for BM set up (bearing in mind they have some equipment already at BM and there is some that can be moved or shared from Raglan ). They could also decide to invest in further projects or spend more to advance Lolworth quicker....it gives the company options.

Where did you come up with £1.5m to set up BM or is that a made up number? Please provide your rational.

Morning Chesh,

Yes, Likes the fact that they stated AGAIN that they are confident that Raglan will cover all G&A ......they have repeated this a couple of times so must be confident as they would be hanging themselves out to dry if this was not the case.

This would maintain our £1.5m in the bank which would enable us to accelerate projects or take advantage of further purchase opportunities.

Also confirmed that staff and equipment can be shares across projects and that Lolworth, BM & raglan can be run concurrently.

As Nick said at the start of the moonth , he has a good plan for the next 1-2 months, and they are running through that plan.

Testing pits look positive ....expansion of the resource area

And the 'very conservative' 0.12 b.c.m looks like it will be upgraded.

All coming together nicely.

& gold on the up again $4562

Morning SM, One 10m share seller reported late yesterday which would have dropped the price in a couple of low volume days.

Should get an update from Raglan over the next couple of days so we will have a better idea if the BODs confidence that Raglan will cover G&A is well founded.

I think a lot of investors are waiting for some numbers before jumping on board (can't blame them) , but I am happy as the repeated confidence on Raglan covering G&A and the fact that the test pits seem to be positive give me confidence that the resource area will expand and the ''very conservative' estimates will be significantly upgraded.

So a few points from the interview:

▪︎Confident Raglan will cover G&A !

▪︎Original financial modelling of Raglan & BM was based on price 60% lower than today (as I mentioned yesterday) so recent drop in gold is not an issue.

▪︎Diesel tank is topped up and diesel is already forward ordered to ensure supply.

▪︎Blue Mountain licence process is underway and confident BM will be in production in 2026.

If they are producing , they are commercially producing as they will be selling the gold (unless they are throwing the gold away).

We will start to get an idea on the amount of production and the grades and ongoing plans over the next couple of days prior to the AGM.

Nick's going to want to go into the AGM and investors meeting with some solid numbers and a forward plan , otherwise he's going to get torn to shreds.

We know the production will ramp up to full production shortly with Phase 1 and with £1.5m in the bank there is no cash/time pressure if it takes a couple more weeks.

All the noises coming out of ECR are that the test pit results are positive so personally I have confidence that Raglan grades will be upgraded and Phase 2 will be proven expanding the resource area ....and both massively increase the $7m gold resource already conservatively estimated.

Coco, They've been producing for a while now and you know it.

Should get the first indication of grades etc within the next 4 days.

The fall in the gold price does now mean we need to produce 0.5 oz a day instead of 0.4 ..not much shift.

.........thats for breakeven at Raglan (just to clarify)

Morning Cocopops,

Remember the original output figures in August were based on a gold price of $2790 so still well up on those.

The fall in the gold price does now mean we need to produce 0.5 oz a day instead of 0.4 ..not much shift.

Moving my entire trading pot into ECR today at these prices.

We know we will get some production updates this week prior to thd AGM and investors meeting on Friday.

Now this is what you call a slow trading day ...only £31k of shares traded (and they drop the price 4% ...lol)

As I've been saying for a couple of weeks, With the AGM and investors presentation at the end of next week I expect some initial results early/mid next week so that Nick can walk into both with a good news story.

Wow there is a load of interesting number being posted on here today.

* ECR monthly G&A is c£100k/month (that is correct)

* In 6 months time saying ECR will only have c£700k in the bank is nonsense as that assumes absolutely zero income from Raglan.

* The company have issue very conservative initial forecasts on just Phase 1 , and have also stated that Raglan income is expected to cover G&A and a bit more.

* So if it take them 2 month's to get up to full production ECR's balance sheet will be £1.3m and could actually increase going forward (subject to production levels).

* It will not cost £1.5m to set up BM (that is a made up number plucked out of thin air) and the company has already stated that some equipment from Raglan can be shared or mover to BM (i.e we have 3 wash plants....10, 26 & 60 t.p.h.) as well as other equipment

Apart from the current S.P. nothing has changed from the plan presented by Nick a month ago, test at Raglan to expand the known resource (Phase 2), commence full production on Phase 1, Generate income to cover all/most r more that G&A, Get BM license (aim before end of year), Mine at BM and generate significant profits, Progress Lolworth which is the state level company maker prospect.

Short term traders will take the opportunity of the lower SP entry (or lament their poor buy a week or two ago) , LTHs will just sit it out with some patience and wait for the initial results .

there is no indication that ECR are off plan, or results will be below expectation. In fact with the conservative initial estimation the odds are they will be well above expectation.

A lot of posts on here are distraction, pure trolling, or blatently negative slants with made up numbers.

ECR are still on plan.

Another little 252k shares top upadded to my post at these prices.

Https://x.com/i/status/2034541869284426175

Answer : The absolute valuation increased by over 20% to £13.8m or 0.42p per share

in your words those are "facts presented in front of me" so must be the true valuation. "The numbers are the numbers" and ECR is undervalued at current levels.