Member Info for TalkingSense

So the managements is rubbish and the resource prospects are rubbish ....And you are invested here.

Why?

That's the past.

What do you think about the Queensland prospects?

hi luca,

i'm struggling to see where we are 'not hitting gold' in queensland.

can you please share where the queensland prospects have fallen below expectations on the gold front.

we have a comprehensive sampling programme over a wide area that has been undertaken in lolworth to identify the source(s) of gold and we need to do this rather than send in the boys to a random area and start channelling.

you cant randomly pick a ridge and start channelling on the off chance there is gold....you need to identify where the resource is first....its a process.

in hurricane we have identified the reefs and have a drilling programme starting next month once access to the site is completed, so we will get better results than surface channelling there (previous channels have been dug at that site).

perhaps investors would be more positive if some posters and x (twitter) warriors stopped ****ging off the company at every opportunity.

what are your thoughts on the rees that have been identified...do you think that is an exciting development?

Or maybe wait until we have honed in on the resource further so that we get to the point where we have some more solid news and analysis to share with investors.

I feel we are not at that point yet with Hurricane and Lolworth.....

Once Hurricane drilling results start coming in and/or we have more focused results on the REE and gold prospects at Lolworth with more confidence of a resource then we can pass that confidence on.

Currently the signs are really good at both licenses, but we need some more meat on the bone.

Luca,

Agree there was an after RNS seller in the earlier part of the week.

8 trades yesterday only so I would suggest it is the minority 'selling out' and the vast majority watching and waiting to see how this develops.

Morning Notrex,

Yes, Still need a raise before the end of the year IF there are no assets sold.

Luckily we should have a slew of sampling results and of course drilling will commence at Hurricane in September.

I guess worst case scenario would be no upturn in the SP and us raising 200m shares @0.3 for another £600k to keep us going through the majority of 2024 which would take us into initial drilling on Lolworth and drill programme 3 or 4 on Hurricane and lead into significant value adding territory on progress.

Personally I would like to see us raise around the 1p (or higher) mark and raise c£2.3m though a placement of 230m shares.

Having that sort of money in the bank would significantly increase the value add potential with the ability to ramp up at both Hurricane and Lolworth and really increase the value of the company

A proven resource at either would easily see a £30m+ mcap (which would be 2p+ SP with 1,500m shares in issue) and the potential to go much higher (proven REE impacts to mcap=???)

Boffin,

I feel the rough long -term plan is to push on aggressively with Hurricane & Lolworth to prove up and create the value for the company.

And then once those assets are established and ECR value has increased with finance available then push on in Victoria.

Until the Queensland assets are proven up/producing then it's going to be concentrate on Queensland through the dry season and move to Victoria for some lighter infill work during the Q'land wet season.

The short/mid term high value is in Queensland.....with Victoria still having future value, but taking more effort/expense and so on the back burner.

Actually decent grades from only 27 samples.

Tambo is one for the ECR bottom drawer...back to the top drawer Lolworth and Hurricane licenses.

Notrex, At this stage of exploration it was as good as could be expected.

The 'moon shots' will generally only come after they identify the drilling targets, but we are 'a small step (for mankind) closer.

Nice to get confirmation of an additional REE with further testing for the remaining ones

Hurricane most likely to get ECR off the launch pad in the short term (or asset disposals will get the rockets firing).

Luca, Yes, The main resource is not expected to be located in the creek itself.

They are looking to locate the source(s) in the headwaters.

"The detail now provided by the numerous Gold, Niobium and Tantalum results generated from this work are enabling us to zero in on the sources and the high potential locations in order that we can delineate drill targets.”

Another positive RNS on Lolworth ...still no negatives.

Building nicely towards giving confidence in a resource.

Will be a slow burn, but there will be a tipping point through the process where confidence becomes high and the SP will accelerate.

Will the 'next result from our projects' due in the next week be the rock chips from Hurricane?

May take a few more RNSs, but confident it will multi bag Notrex as both licenses develop over the coming months.😉

Agree Nortex, This is a great entry point and timing with multiple results and activities over the coming weeks/months.

A couple of positive updates/results could easily see this double up from here. 🤞

Yes, where did the 80m figure come from?

The 8m seller was obviously one distressed seller who probably was desperate for some cash flow.

Otherwise it makes no sense to dump that many share at the point where we are waiting for results from both Queensland licenses including REE at Lolworth, and confirmation of the drilling programme plan/commencement date at Hurricane.

All of which potentially can trigger a major uptick.

Could just be dropped to fill a lot of buy orders in preparation for the next Lolworth results and the upcoming confirmation of the commencement of Hurricane Drilling in September ...or maybe disposal news.

Not yet ;-)

In the midst of all the Lithium/Niobium/REE talk at Lolworth one thing that has been overlooked lately is the fact that there is also the great potential for a significant gold find there as well.

In the initial sampling AH commented that two thirds of the 900km2 license area was "shedding gold" .

So if ECR can locate the sources of this gold then there is great potential there for the gold alone.

Lolworth is shaping up to be more than a one trick pony and has the potential to be a world class multi-resource project...as the board put it.

And we are sitting at a mere £5m mcap.........How much potential upside?????

P1D, I tend to find that most gold nuggets look nuggety ;-)

Awen, Another (very) small step towards giving confidence in the viability of Lolworth to be a major resource.

A long way to go , but all the signs are positive so far (unless anyone can point out any negatives on Lolworth?)

RNS last Wednesday and Thursday, and an interview last Friday.

No news Monday and Tuesday this week.......its like a news desert out there...lol.