Ecr Minerals Share Discussion Threads

[excellance] 26/8/2022 15:27

So..
We've sold one land holding
Two more are for sale but no movement
"One or two" non core assets are being sold, paperwork being finalised
Some other non core asset sales are being discussed
The second drill rig purchase has been put back because we don't need it and can't afford it.

We are looking for 2 to 5m intervals of 5-20g/t ore, and blue moon has shown that from just a few holes, but Bailieston so far has not...assays pending.

[oildon11] 26/8/2022 15:25

Ecr is currently drilling at both the baileston and creswick projects????? Are we???

[excellance] 26/8/2022 14:11

Cash received.

[excellance] 26/8/2022 12:31

Yes it will.

Creswick is likely to be similar to Ballarat mine, for miles and miles, but it isn't easy to mine and requires a lot of cash which we just don't have.

Diamond drilling is inappropriate for this nuggety type of geology, but it does show where the quartz is.

Yes, please farm it out for a free carry, and move on.

[pete_edwards] 26/8/2022 12:26

The licenses at Creswick should be in by year end according to Haythorpe. Unlike Craig who seemed reluctant to partner with anyone non major, I think Haythorpe will shake hands with a suitor if it means we get a decent carry. That will be monumental for the share price for sure.

[pete_edwards] 26/8/2022 12:22

My slight worry is that the new proposed drills at Blue Moon are away from the geochemical anomaly zone. I think Adam said that the drill should intersect it on the diagonal, but it looks as though these are pathfinders to see if the gold extends past the 'known' discovery zone. Helpful for establishing the underground map and future focus yes, but not great if we need bumper grades for an share price re-rate. I may have it all wrong though.

[excellance] 26/8/2022 11:42

Blue Moon has had access issues with landowners.

After 4 years they allowed us to drill 4 holes on the road at the fringe of their property.

If those 4 holes are good then they say they'll let us drill more, but I'm not convinced that they'll be happy about us building a mine, that question is for another day.

Maori may yet prove up a viable system to mine, but I doubt it'll be prolific and will likely be a small scale operation by someone else.

Creswick is beyond our capability, and we desperately need a partner with cash and a clue how to unlock it.

Lolworth is pie in the sky.

[lewisquartz] 26/8/2022 11:32

So WTF aren't we going hell for leather at BLUE MOON.
It's dragging on and on.
Im with you and I know you've been here for ages as have I .

[excellance] 26/8/2022 11:26

The directors are just employees, they hold very little equity and just get paid to explore which is exactly what they are doing.

Who actually owns the company?

Who are the illusive majority holders who the directors report to?

When Adam was asked about what Lolworth meant to him, he said "five years work".

For me it's Blue Moon or bust, I'm not holding beyond Blue Moon and waiting another five years.

[lewisquartz] 26/8/2022 11:23

spot on Pete E. carrying too many passengers at the expensive end . The only boots on the ground should be the crew and Adam and AH .
can we get someone other a than Green and Scott promoting ECR as it aint working.

[pete_edwards] 26/8/2022 11:04

Talk on the LSE board of more transparency RE directors. Haythorpe needs to trim the fat if he's serious about cost savings. Paying gravy train directors while we languish at .75p is unacceptable.

[lewisquartz] 26/8/2022 08:23

trevor george davenport any ideas on his back ground ,is this another pay packet for nothing can anyone tell me who or what he does for the company saw he on the directors

[targatarga] 25/8/2022 23:25

I remember buying these years ago. Yes, I lost enough to hurt. Still they dig holes/raise money and spend money. A lot of hope over time.My question is how long can they string the punters along. Rinse and repeat!

[pete_edwards] 25/8/2022 16:38

Last roll of the dice at Blue Moon...

Guess you've never heard of Creswick and Queensland excellence? Jewel's in the crown apparently!

[excellance] 25/8/2022 16:32

I'm guessing that the assays are "the same as the others" as Adam said in his last interview.

In other words they are pants like cherry tree.

Last roll of the dice at Blue Moon...

[pete_edwards] 25/8/2022 16:21

WTF is going on here?

1p base said Haythorpe!

[oildon11] 25/8/2022 16:21

We are done for here Screwed again more than 50% down since AH took the helm on an already damaged share price.Great work BODThanks

[excellance] 24/8/2022 17:29

Bruising placing at GGP.

Retail holders screwed again.

[excellance] 24/8/2022 15:43

On the chart above, it suggests all trades today are sells, but that is clearly not true, so I expect a large buy order to emerge in due course, maybe after hours, maybe later in the week.

News due very soon, and could be great, or not...

[excellance] 24/8/2022 15:39

Some good twitter interaction between Gino and AS.

AS says the directors can't buy shares because they are privy to price sensitive details of discussions re the strategy to divest none core assets.

I assume that means Danglay.

[excellance] 24/8/2022 12:34

Something very odd going on here.

There must be some orders being worked in the background, news ready to drop tomorrow perhaps...?

[excellance] 24/8/2022 11:52

Nerves of steel required, and patience...

[excellance] 24/8/2022 11:26

Are those 750k trades buys or sells?

[excellance] 23/8/2022 15:00

Looks like about 1.5m buys v 4.5m sells, absorbed into the market.

The question is, are those sells being dripped onto the market as fast as the market can absorb them, and is there many more?

Maybe news will reverse the current dip...?