Member Info for TalkingSense

Mental,

Of course it could be his mates supporting his first BOD appointment.

There have been no ridiculous '10p by xmas' or the like predictions on Twitter.

For me the reaction/updates there have been quite measured

Of course the steady (not spikey) increase in the SP during thd last week could be because:

* £580k funding has been secured which has meant the previous financial jitters about ECR have been alleviated.

* We have been told that the new investors have 'sticky hands' and are invested in the company in the long term.

* ECR may be regarded as undervalued with assets of c6m, cash of c£600k and a mcap of c3.5m

* Directors have bought in to the company by agreeing to a salary sacrifice by taking shares.

* The two new board members are taking 90% of their salaries as shares so only profit if thd SP increases....they are bought in to increasing shareholder value.

* The directors are doing a full review of all assets with a view to having a plan to put the company on a good financial footing and maximising the realused value of the assets moving forward.

* ECRs Queensland assets in Hurticane and Lolworth both have excellent potential and the improved communication and coverage has brought this to the attention of more people.

The above have all happened this week.

Or it could be the unsubstantiated rumours that ECR is the target of a spike that are being peddled (repeatedly with a lot of effort) by a small group of posters with no evidence to support their claims.

Hi Mental,

So you are advising that we shouldn't buy here as we will get caught on a spike, but you say of the spikers

" I suspect they will eye a bag from here? "

So by that reasoning we should all by now @ 0.32 and then sell for a c90% profit just shy of 0.6 before the spike shouldn't we?

18:59

"........just sayin, you have to keep track of the blockin.......LooooOOL"

That's alot to keep track of...especially at his age.

I would just say the BB is a much better place with green notifications instead of his abusive and repetitive posts (and he's probably daft enough to abuse me after this even though I can't read it) 🤣

Mental,

You have to take the article in context , by the fact that it is written by BMD who was described on the BB as Doc's mortal enemy a week ago.

I'm sure most are doing their own research.

Looking forward to the operating plan being published and then we can judge the BOD by their actions now.

Plenty of buys this week and the 9.6m buy after close sets us up nicely for snother push on next week after some consolidation today.

Mental,

So you've moved from taking a 'friend of a friend' posts on Twitter to blogs off the internet from 6 years ago for your sources of information.

Interesting that Brokermandan chipped in on the email trail at the bottom whereas I was told they were enemies..

.....oh yeah, that's right, a lot changes in 6 years.

Seems like a couple of poster seem to have personal vendettas against ECR at the moment with a lot of scaremongering.

And these were the same people warning us about a trap when the SP was 0.21.

As always all posters should DYOR, don't believe anything you read on a BB and use credible sources of information.

WOW!....just notices the 9.6m buy at the end of the day....someone's done their research ;-)

Nice little run of 6m shared bought in 15 minutes around 11:30.

Funny how these 3m share buys keep popping up this week .....someone is accumulating

I said it would have a little consolidation around the 0.3 mark.....good to take a breather and build a new support base ready for the next push on.

Next RNSs should be the first set(s) of sampling results (due now) and at some point the plan of how we are going to utilise the multiple assets we have and the operational plan for the upcoming months...that's the one that has the potential to shift the SP significantly up or down , depending on how it is received.

Legal

, Obviously everyone has to play out their own strategy, so fair play if that's your reasoning.

All I will say is that if (random number) 60m of those shares are going to be flipped to de-risk their investment then these guys will figure out a way to do that beforehand when they know the price is guaranteed to be higher than the placement price so they have probably already done most /all of that volume over the last week.

Personally, I'm staying in as I still feel that the SP still undervalues the assets and potential of the company.

Hope your strategy works out for you....and we may see you back in ECR mid Oct when either the dust settles or no 'flip' happens ;-)

Legal,

The first question that should be answered is do you believe Mike/Docs assertion that the PLACEMENT was taken by high net worth individuals and individual who have 'sticky fingers' and are looking to keep the shares for a mid/long term investment.

If they are indeed 'investors' then the ability to trade on 6th October is irrelevant as no/few of these shares are likely to be traded.

If you believe the scaremongers and believe that hundreds of millions of shares will be 'flipped' then it is an issue.

Although none of the actual shares can be traded until 6th October there are likely many methods that those shareholders could effectively forward sell the shares if they wished (and may have done this already).

From the RNS:

"I am delighted to announce that notwithstanding the challenging market conditions, the quality of ECR’s assets has resulted in this support from a core group of high net worth and institutional shareholders."

Is he lamenting that he sold for 0.2 ...after buying for 0.27 3 days earlier) , then said a raise would come at 0.1.

And then predicted 0.2 yesterday morning and lambasted those who predicted 0.3.

I mean he's so spot on with all his predictions I think he is a guru on ECR with his in depth reasoning and we should all be listening to him (if you haven't filtered him)......lol

I expect a nice consolidation above 0.3 and then hopefully another little push on tomorrow.

The first batch(es) of sampling results should drop any day.

To be fair Mental....The asset value alone does carry a SP of 0.4 so it was undervalued based solely on that.

As for ramping (and yes there are a couple who have joined the BB) it's not a P&D ramp with us doing 3 or 4 days of 30-40% in massive volumes.

This has been a steady daily increase with reasonable increases and newsflow so is ore likely to stick IMHO.

There will be some (as always) who will take their 20% and run, but a sensible and positive looking forward plan and some decent sampling results in the next couple of weeks could see this push on ...0.4 would have ZERO potential built in , so there is scope for much more.

Usual caveats

Someone is hoovering up multiple 2.5m and 3m chunks....all showing as 'unknown' , but definitely buys

Boffin , I've worked for a number of FTSE100 companies that bring in a new CEO and the first thing they do is perform a full review of the company when they arrive so Mike/Nick are just following sensible new BOD protocols .

We know that Mike/Doc has been involved with ECR shareholding and kept a close eye on the company for a number of years and was involved in the movement to oust PJ from the company (which saved the company IMO!) so he's not coming in blind and has a decent overview knowledge of the company's workings and assets , but will obviously want to get more technical advice and understanding before making any decisions on the future.

Mental...Don't worry, the battle plan is on it's way:

"Our primary objective is to ensure the Company is on a secure financial footing for all future activities, and we will be making a series of decisions that will be announced to our shareholders in the coming weeks"

Good that they have solved the immediate financial requirements, but are taking time to make an informed decision on what licences/assets to take forward rather than rushing out an ill thought out plan.

I'll take a view on being cynical/ being optimistic when the plan is revealed.

Nice 3.3m buy @ 0.3

Nice to see a steady sustained rise ....c10% a day steady as she goes so the day traders don't get their quick and easy trading spikes.

So the new board is reviewing the company with a view to setting it up for the future.

Here's what I would do:

TAMBO: Keep it - very early stage so can just spend the minimum amount and progress it slowly on the back burner at this time and assess its viability at a future time. It's not a big financial/time drain.

BAILLIESTON: Sell. There have been sporadic good results there and most of the gold bearing structures seem to be at depth. There is value there, but the cost and timeline of exploration is not a compelling case for ECR. Get some cash and future royalties.

CRESWICK :Keep, but set up for a JV.

Due to the size and geology of Creswick it will cost a lot for an extensive drilling programme so I would not drill there at this point. Spend the next 6 months expanding the data set as much as possible with as much grid sampling, lidar and other resource defining activity over as much of the DMS as possible so a prospective JV partner will have enough confidence to offer a deal giving ECR a free ride on exploration With say a 20% stake. A bigger partner can hen do all the extensive drilling/exploration and ECR can focus on Queensland.

RIGS: sell or hire out one and get the other up to Queensland.

PROPERTY :sell

ITAGON : sell(don't hold your breath)

LOLWORTH : This is where we should be focusing the effort...potential company maker. Get thd drill turning here and prove up both the gold and REEs asap

HURRICANE: keep. This may de drilled first if they are confident that the first reef will show commerciality. Would be a quick win for ECR and the SP.

BLUE MOUNTAIN: ? I literally have no idea or opinion on the potential here.

Just my initial opinions, we will see what happens following the review.

In that scenario the Victoria 'value' being the ability to sell and add cash / future royalties

Hi Mental, Mike said in the interview that they are evaluating Victoria as they believe there is value there.

IF they evaluate Creswick and Baillieston and decide that the geology means that the drilling costs to prove an asset would be too great and they decide to sell either (or both) and concentrate on the Queensland assets would this be viewed as a positive? (totally theoretical)

Love you too xxx