Member Info for Zebbo1284

Not sure if it's an ECR thing or an AIM thing....junior Companies can say too much sometimes for hype. You have to question, does saying too much and knee jerk twitter reactions have any impact on the S.P? Frankily, releasing a decent RNS every 6 weeks with solid facts might be better than twitter ifs and could be's.

What is the deal with Madderns? Are they producing there? If so, wonder when ECR gets a cut?

Agree, ECR has many irons in the fire. Too many projects is also not good. You run too thin to evaluate them in detail.

Charles post shows hallmarks of AI.

And that is the grade also taking into account the worst of the dirt. Testing will show where the better stuff lies, saving time, money on digging. Testing is also producing gold in this case. ECR can legally sell all gold from this work.

On ocassion i will check in to AIM listed Companies closely associated with gold exploration in Australia.

I note RRR have a fair chunk of exploration ground in Victoria, but when was there latest developments there? I read that no exploration data has not been collected for over 12 mths. The Company seems to be spending money in a pit in DRC. There is not much hope here without a big change and get back to looking for resources.

Unfortunately the raise will affect buyers at the recent top end price. They will have to wait longer to sell out.

Let's not be fooled. Raglan is a turn key project. Blue Mountain is a prospect towards the last phases before Mining application. BM will need dams built, its own wash plant and equipment and staff to run ALONGSIDE raglan. These will cost money. I see it is better to raise now to move these projects along quicker, otherwise we will be waiting all year to build a piggy bank from Raglan to fund BM on a big scale.

Tired of this back seat driver. If you are not interested in investing or have investment here, why are dribbling? Let people have their own investing experience.

To accuse the Company of paying PR...you have to be living on another planet to not know marketing and paying promotion builds a junior company. The market speaks and ECR are delivering more than a lot of junior Companies on AIM (in exploration).

Coco, please put a link to the Twitter post you referred to.

Raglan renewal in 2027 should only be a formality. The environmental studies etc... would already be in place when the ML was originally applied for.

Blue Mountain on the other hand would require these studies for the initial ML.

G/t is often quoted for underground or drill results. It is based on density/mass. Easy when you dealing with a specific host material such as quartz. Alluvial material probably would very in mass due to different size rocks etc... cubic metre is more straight forward.

Wonder when Whitlow might start offloading? He is not on Board now. No disclosure.

Coco,

Perhaps we don't hear from Burton because him and Doc aren't privy to insider information anymore. Haha.

Nothing over 20 years? Plenty of changes in management and strategy over those years. Make judgement on the present. Lot of history with not good management. Hopefully we will see some gold production from Raglan this side of Xmas.

Looking at the past graphs of ECR, the 4.4p share price was a blip. Overall the trend is decreasing over a 5 yr period. The 4.4p was at a time when ECR bought their drill rig and the gold boom in Victoria was hot (due to Canadian investment and Fosterville). Only my thoughts.

Doing a bit of weekend research...i read that ECR sold their old Exploration tenements to Fosterville Sth in April 2020. ECR will receive future royalties on any mineral resources. Fosterville South spun out these old ECR tenements to Leviathon Gold. Leviathon are still actively exploring with a potential JV partner is developing a JORC resource. Does ECR still have royalty rights if Leviathon announce a gold resource?

Gold is over $6k per oz in Australia now. Maybe 0.1 bcm might be mineable

Are you saying there is the possibility of insider selling before the raise?

I have suspected this before when the price went towards 0.4p days before a raise.

I know for a fact there are a lot of small scale miners who have tried to run alluvial operations in Australia. Ever since the POG high. There are people with ground but no experience in mining. I am sure Adam and Parker have evaluated this project. Just wait for further information IMHO.

The message i get from the new appointment is ECR have better access to potentially other funds in the future.

What ECR lacks is practical mining people...engineers etc... for the upcoming next stages. They only have Parker on Board and look to have geologist Adam doing the hard yards in the field. Be good to have some experienced mining hands at the Board level. Just my comments.

The figures are based on an assumption of 0.6g b.c.m....

I am worried the Board are saying too much before the results for the current trials are confirmed....egg on face moment.

I would think ECR would have to lodge some sort of proof that a resource exists to apply for the mining licence. Probably why they are doing all this work atm. Could imagine there would be environment permits to get as well. Like others have said...probably formalities. Check list to fullfill.