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Agree, Funding and new BOD remuneration to be signed off in the GM.

We will probably get a one paragraph confirmation RNS at some point today

Do companies ever do a one hole drilling campaign?

I've not seen it.

Yes Tamer. They will take the rig all the way from Victoria to Queensland, prepare the access track, take a couple of weeks to prepare the pad, fly the drill rig crew up and drill one hole (they may just about have time for one).

Then they will release an RNS with the result of one hole which the market will view as a pot luck result as one drill tells you nothing.

It could happen 🙄

Yes, Still absolutely no chance of drilling this year Tamer......same as it was, and for the same reasons give at the start of the week.

I do think we will have an initial drilling plan laid out be the end of the year for both Hurricane and Lolworth, ready to kick off at the start of the dry season next year though

Cip2d....That's what we need in the plan.....some drilling timetables..

Let's see what they come up with.

Lolworth Niobium 'bullseye' identified

20% of first batch of Hurricane rock chip sampling at commercial grades

New licence announced directly to the east of Hurricane

Second set of results show 'commercial viability' and drill ready sites identified

And that's just on the last week or so.

The positive results are building and we just need the BOD to release the review of assets and business plan to get some certainty on the direction of ECR for the next six months and we will see some decent movement here.

Not going to defend his on 1 or 2 of the other posts though.....it's like the anti-notrex (posting overly positive unlike your overly negative posts)

Notrex,

EOA was stating that ECR are in Australia as Panda1 was trying to compare ECR with ORR who are based in Cameroon so it was a valid point to make as a company's mcap in dodgy regimes shouldn't be compared with an Australian miner.

Didn't realise that you had been appointed the ECR BB police!

Notrex, Yes good results and I like 'commercially viable' and 'drill site ready'.

As you say the market has not reacted to this and the previously strong results, but there will be a tipping point where the results build and the awareness of the prospectivety causes the SP to rise.

c£3m mcap with Lolworth and Hurricane (and the rigs, Itagon, Creswick , Tambo and Bailliston looks and absolute steal....plenty of upside to come.

If memory serves you hit the sell button at 0.2 ....anyway that's in the past.

The volumes on the trades today are tiddly so I wouldn't read too much into small movements .

I think we are around the bottom at the moment, but it's everyone's individual decision when they hit the buy button (just don't miss the boat)

Notrex, It's below the 'average of 0.27' you bought at last time so maybe you will be tempted?

Hi Snip,

Not sure why my ability to interpret is lacking....you were defending Notrex and that's why I only commented on him.

I agree they are like two kids in a playground (or one with severe split personality disorder)....one seems to be like an over enthusiastic puppy who is incapable of writing an actual structured sentence.

The other just offers insults/childish nicknames and gets pleasure when he thinks he has the upper hand (which is not often apart from TI), has no independent thought and regurgitates other posters viewpoints.

I'll be there on the call....obviously not under TS.....We can play guess who is who on the BB.

Notrex, With your last few posts you've pee'd all over Snips assertion that you are not a bully!

He's let you down there Snip ...lol

Fair enough Legal...everyone has their own strategy (I was only pulling you leg by the way as you have been clear on only buying on drilling news before).

Personally I would be surprised to see 0.2 and expect it to stay 0.25-0.35 until further newsflow pushes it one way or the other.

I would expect some elements of the BODs strategic plan to be published within the next week or two (if not the full plan)

Notrex,

Nice to see that you have acknowledged that yesterday's sampling results were good ones....

an 11% indicated drop on 14 trades isn't exactly an exodus ....only another 30% drop and you'll be able to buy back you last sell for the price you paid.

c£3m mcap for the assets we hold has less than nothing priced in and we are still undervalued to assets of c £5m.

This will just drift up and down until the company releases it's strategy at which point the market will decide if they believe there is value to be had.

Progress is being made around identifying the drilling sites in Lolworth and identified and confirmed sites will be published in January IMHO with a view to commencing drilling in the next dry season.

While waiting for the plan we will just have to put up with you recycling everyone else's thoughts and watch the SP bouncing around on lower volumes (of course as it's being pumped there should be high volumes everyday...goes against that narrative)

Legal's target buy in price ? ;-)

Morning Legal, The financial stabilisation has got the jump from 0.2 to the current SP.

We are in a bit of a holding pattern and will be so until 'the plan' is released by the BOD.

We won't see any drilling this year at Queensland due to the oncoming rainy season and all efforts there will be the continuing honing in on the best gold site for gold drilling next dry season.

The RNS last week stated that they had hit the 'bullseye' for Niobium which would suggest they've identified (or will do imminently) the drilling site for Niobium.

It will be interesting to see what the plan is at Creswick/Baillieston from Dec-April and if this involves any drilling plans.

Will it?.....no-one knows and any speculation is a pure guess at this point.

Personally I'd like to see us get as big a sampling/data set as possible so it is data rich enough for a JV partner to have confidence in the overall potential and make an offer , but I don't know what route they will take or if they will decide to drill one of the vein systems discovered earlier in the year.

Until the plan is communicated or there is a significant RNS release this will probably drift around the 0.25 -0.35 region.

Evening Mental,

I agree that there is alot of activity on Twitter regarding ECR.

This could be one of a couple of scenarios.

1. The placement takers are some of the posters and will look for a P&D and out.

2. Doc has a lot of mates on twitter that are supporting his first foray into a BOD position by posting and have bought in a few million with a view of holding mid/long term.

We do not know if the high net worth individuals and institutional investors are posters on Twitter or not and have no indication if they are in for the long term or after a quick top dlice or flip.

So either of the two scenarios above is a possibility .

AR,

So Do you think the fact that the company had minimal financing which drove the price down and that problem has resolved could explain the SP increase.

Or the new licenses may increase the value of the company.

Or the improved communication and awareness of the company and its prospects.

Or the fresh new approach the new BOD is taking to the companies assets.

Or the commercial grades reported today.

No according to you its sll to do with the 'ramp' which of course no one has provided evidence of unrealistic posts (ramps) , but only omproved communication.

There is alwsys one (or multiple) poster like you who shows up with little/no knowledge of the company and writes off any rise based on news, as hype and bemoans any 'newcomers' who are sat on a profit.

You are kidding right Notrex.

"TS: The overwhelming grade average puts this into the lower-grade commercial".

1. You do understand that sampling is spread over an area snd you would only look to mine/follow the higher grade area so the overall "average" is irrelevant.

2. I'm glad to see you repeatedly getting the point that it is commercial grade and discovering a commercial grade resource is every explorers aim. I do wish you would stop pushing the point....Yes, Hurricane has great potential with these grades (jeez, I wish you'd stop ramping😅)