Member Info for TrekMadone

Something is going on here. Canaccord are joint broker for D4T4 and they continue to grab whatever stock they can. We now have a 300p UT 10p above the bid!

Gonna go higher but we don’t know why. Yet.

Trek

Carib 14:57,

I’m on the same page as you. The long game is to force the accelerator at 4p if we get the 5 days vwap. Secure the higher % for Wudinna.

That is actually a minimal dilutive route than a placing as the warrants are always going to be there.

Big incentive for all to get through 4p.

There may or may not be a pull back this time. Investors know what to expect and if news drives us through 4p it doesn’t mean the warrants will be converted AND sold. They may be held as shares for longer term gains.

These next results could be very interesting and I maintain investing sub 3p gives you a min 25% cushion if that plays out.

Usual caveats

Trek

It’s a 570k buy. The 583k is a cancelled trade after it was posted.

Trek

Flipping phone - shouldn’t challenge.....

Trek

We should go through 4p pretty easily. Apart from the ops side investors would have had an op now to do the funding math. It’s pretty clear that Shenyang, as I posted earlier, want to trade out. Those who have DYOR will be aware that buying now gives you a 25% cushion from the accelerator(s). You are timing the licensing application and you have the ongoing JV negotiations in background + a lot of risk is now behind us. For many that represents a well timed entry.

You don’t even need to find anything from this level to get upside. But then the drill started on Balieston the weekend.

Drill, geostamp, sample with XRF, review assays, pop them (a collection) in the post to any independent lab anywhere in the world with lab time, review geo drilling model, drill repeat.

Assay results return from lab release results as needed.....

As opposed to.

Raise cash, get your samples, hire a drill, join the queue, need more money? Mark a grid. Drill. Get sample ready to transport to lab. Join another queue. Wait for results. Review results. Join another queue to hire a rig, need more money, review grid etc etc..

It’ll sink in eventually the autonomy, the postcode, the cash, and the team that makes ECR the best junior mining play in town Atm.

But that don’t mean we should challenge each other!

Usual caveats

Trek

Need to wash through 175 before any series moves manifest. Change the guard then off we go.

Trek

https://www.bbc.co.uk/news/health-55639096

Link sorry tooooo excited!

Trek

A large-scale trial of a new treatment it is hoped will help stop Covid-19 patients from developing severe illness has begun in the UK.
The first patient received the treatment at Hull Royal Infirmary on Tuesday afternoon.
It involves inhaling a protein called interferon beta which the body produces when it gets a viral infection.
The hope is it will stimulate the immune system, priming cells to be ready to fight off viruses.
Early findings suggested the treatment cut the odds of a Covid-19 patient in hospital developing severe disease - such as requiring ventilation - by almost 80%.
It was developed at Southampton University Hospital and is being produced by the Southampton-based biotech company, Synairgen.
A course of treatment with the new drug could cost around £2,000, which is not that expensive for a hospital treatment.
"To be viable it will have to represent good value for money," Synairgen's chief executive Richard Marsden said.
Covid: UK at 'worst point' of pandemic, says Han****
Two more life-saving Covid drugs discovered
Alexandra Constantin, 34, was the first person to receive the treatment as part of this new trial, after she was admitted to the hospital with coronavirus on Monday.
She has a young daughter at home she is desperate to get back to.
Demonstrating the treatment, the nurse handed her a nebuliser that makes the drug into a fine mist, which Alexandra inhaled as deep into her lungs as she could.......

Trek

Hi TS,

the Shenyang warrants are 2p and 5p. 6th June 17 RNS...

“ The directors of ECR Minerals plc (the “Directors”) are pleased to announce that ECR has completed the subscription with Shenyang Xinliaoan Machinery Co Ltd (“Shenyang”) raising gross proceeds of £553,564 from the issue of 55,356,391 ordinary shares at a price of 1 pence per share. On admission of the subscription shares to trading on AIM (“Admission”), Shenyang will receive warrants over 83,034,586 new ordinary shares in total. Of these warrants, which are valid for five years, 55,356,391 warrants are exercisable at a price of 2 pence per share and 27,678,195 warrants have an exercise price of 5 pence per share.”

The 1.125’s are separate. Agree with the rest.

Trek

Jsmith23... it’s in the RNS

““MGA’s exploration licence application EL007537 is for an area which surrounds mining licences MIN5396 and MIN4847 (which in turn contain the operating Ballarat gold mine). The application area includes the southern extension of the Dimocks Main Shale, which is the principal target of exploration at MGA’s Creswick gold project located a short distance to the north....”

I posted this this morning...

“Does anyone known how differentiation is gauged between applicants. The reason I ask is we are with this RNS demonstrating that we can move forward autonomously and we are in close proximity. The govt want to see plots drilled not sat on or pontificated over.

You see I think that is part of the objective here. Sure it outlines a plan and says we are drilling but it’s also a telegram to say we are ready to include EL007537. Maybe that could edge any differentiation criterion in our favour. And of course we are funded, irrespective of JV, which sets ECR apart from many junior Oz miners”

They have other applications as well

Trek

It’ll ‘blow up’ because it’s an end to dilution and selling pressure through conversions. Think of it as a stock overhang cleared.

Notice how in the interview today, well I did, that CB mentioned the Shenyang 2p warrants as if that was it. He didn’t mention the 5p ones. That was my only low light of the interview. I feel they have been deliberately obfuscate with the amount outstanding when they needn’t.

Fair play having a pop on Twitter Gino. Imo it strengthens one’s investment research and knowledge if you have the maturity to point out opportunities to improve. Doesn’t necessarily change an investment case but poor comms is all too common on AIM as if they think we’re stupid.

Spreadsheet updated. But as for Twitter no chance!

Rant over back to the footy.

Usual caveats,

Trek

Getting through them. The 2.1p warrants are pretty straightforward to track. They come from the 16-Jul-20 placing RNS. Glad to see they are converting early.

The 1.125’s are a pain. They should specify which 1.125 warrants they are. I assume these are from the 11-Jul-18 RNS. They are subjected to the 5p accelerator. If you have a few it makes sense to flip now as a JV could force your hand. These have until 30-Jul-21 as clarified in the RNS 9-Jul-20.

I may have my moments ramping a little when deserved but likewise the warrant comms are pss poor! I get this is our funding plan but my point is they know full well there are different sources for the same price warrants. They should specify clearly to shareholders from which pool the conversion comes from to make it easier to track.

Trek

Hi imperator

‘ Who knows what this could do to the SP, as the next landmark to wait for perhaps is the drill results coming back from this latest commencement of drilling (a month or so of drilling, then maybe another month or two to get results back given the backlogs in labs in Oz at the minute). please challenge my timescales if I am mistaken...’

The next ‘landmark’ will probably be the licence round. See my earlier post this morning or possibly the jv.

Re the assays. We don’t need the OZ labs we just need any compliant lab in the world that has capacity. With the xrf and ops lab on site, you delineate, label ‘geomark’ and pop the assay in the post. You don’t need the ‘equivalent’ of a lorry full of assay logs!

Bar a few investors already aware of ECR many have absolutely no or little appreciation of just how good this is here.

I am over 1m shares now. This is could be as good as ARB (my average 4.3p or Txp 17p and as good as ggp if not better 6p).

It’s those sort of scales.

With a fair wind this is potentially a millionaire maker!

Now that’s a ramp!

Trek

Yes great interview, probably the best one yet. Pleased to see he covered off Shenyang. As I suspected they want out. Probably why the SP is a bit agnostic to the news atm while it takes in that last conversion.

The RNS is clearly there to formalise to any suiter that we can if necessary go it alone. It also points towards the strong case that they have for the other licence applications.

It’s all in all a smart strategic move from Craig. I really like his approach and can do attitude and that we won’t be rolled over. This is all because we have money. In business an idea is often not just enough you need cash and terms else someone else will take it off you.

This sp lag is an ideal opportunity to top up. That’s what I plan to do. The gold is there, the mechanics of proving it are there. The Chinese will be out soon. The JORC will come at some point the JV. If not this one there will be other opportunities. POG holding up and Basel 3 to come. Don’t get much better imo!

Usual caveats

Trek

This is a good update. Imo There is too much to play out before any JV, both from ECR and from any suiter in terms of DD. A near term price pivot is the additional license application.

“MGA’s exploration licence application EL007537 is for an area which surrounds mining licences MIN5396 and MIN4847 (which in turn contain the operating Ballarat gold mine). The application area includes the southern extension of the Dimocks Main Shale, which is the principal target of exploration at MGA’s Creswick gold project located a short distance to the north....”

Does anyone known how differentiation is gauged between applicants. The reason I ask is we are with this RNS demonstrating that we can move forward autonomously and we are in close proximity. The govt want to see plots drilled not sat on or pontificated over.

You see I think that is part of the objective here. Sure it outlines a plan and says we are drilling but it’s also a telegram to say we are ready to include EL007537. Maybe that could edge any differentiation criterion in our favour. And of course we are funded, irrespective of JV, which sets ECR apart from many junior Oz miners

Trek

Hi Rookie, and the BB that may not appreciate the mechanics...

Buy showing as a sell...

Any spread of over an arbitrary 2% is pretty useless for gauging buys and sells. The LSE algorithm used on this page only gauges a buy or sell according to if the trade was above or below the mid point AT THE TIME IT RAN.

So here are some facts.

# The published trades here can be 15mins late.
# If the spread is wide, there is no way of knowing what side of the mid point the trade was.
# If a sp falls quickly, say bad RNS, sells will look like buys as by the time the algorithm runs it puts a sell above the mid point and shows it as a buy.
# If a sp rises quickly, say good RNS, a buy will look like a sell as by the time the algorithm runs it will be below the mid point so the buy looks like a sell.

# Furthermore it there is a wide spread you may find some MM’s are so far apart from the mid point so how do you know if it’s a buy or sell.?

# If you use interactive investor you may get a prompt, we have improved your order by £162 so your buy may look like a sell when published as there was one MM with a better book.

# or the stock may be illiquid and there is only 1 MM with the min so they push the spread out, I have seen 40% spreads on AIM, to deter trades. Volume and liquidity are key to gauging value.

The only legal change would be to not gauge if it was a buy or sell but for the most part they’re pretty accurate outside of the conditions above.

Trek

They have done well to deliver this funding. It’s either a result of the cost of hubris for not doing a farm in or because the asset wasn’t loved. The later we will find out soon enough. No matter how well they have done to get this far the dilution has really taken away the multibagger magic here somewhat.

That is pretty much stating the obvious! If P1 comes in peeps think that phone will ring off the hook. It may not. Look at TXP, in a normal market it would be facing a t/o now. That one is pretty much gold plated compared to BPC which is becoming a sprawl now.

Like I said they did well getting the financing and surviving, these were going when the Falkland’s campaign was in full swing a fair play they have survived! The put option is another innovative save but I think there are now better multi-baggers elsewhere. If it was that easy to find them we’d all be millionaires!

I am staying invested here but did derisk before the hols to buy HE1 which I think now offers what I used to look forward to here.

Still worth having some high risk BPC though as you never know!

Trek

Very surprised that’s gone in so close to the hols. I think they had most of it done last year, refined it and were waiting for now to submit.

Trek

I bought 4 lots today, flipped some ARB profit into here. I think a lot of peeps, self included have absorbed the weekend news as being if that’s the best alternative on offer then SNG is due a run. With news afoot we could see some bullishness for a while. The indi article definitely helped sentiment and that’s gonna be pretty much in the face for UK plc for a while yet.

Trek

Dill1,

17th Dec 2018 RNS....

“ECR Minerals has secured a strategic financing raising £680,000 through the issue of 97,142,857 new ordinary shares at 0.70p per share (“Financing Shares”); Allowing for the existing cash at bank and the funds raised today, ECR has sufficient working capital against enhanced operational plans, until at least Q2 2020; Each strategic financing share has a warrant attaching to subscribe for a further new ordinary share in ECR Minerals plc at a price of 1.125p within two years of the admission date of the above financing shares resulting in the issue of 97,142,857 1.125p warrants; Should all warrants be converted this financing would generate in excess of £1.77m before expenses for the Company; In addition, the directors of the Company (David Tang and Craig Brown) would like to subscribe a combined total of £20,000 in addition to the above on the same terms as the Placing, subject to the outcome of regulatory approval. A further announcement will be made if they proceed; Should the 5 day volume weighted average share price (“VWAP”) of ECR exceed 5.0p (five pence) the Company will have the right to accelerate conversion of any outstanding warrants;........”

We may be blown out of the water, but my point is not to unnecessarily use the VWAP accelerator and ‘flood’ the market at 5p. We will likely bang our head a bit but more so if you force conversions of those extra shares when we don’t need the money. Be patient and smart, play the long game and allow Shenyang to exit at least first.

Usual caveats

Trek