Ecr Minerals Share Discussion Threads

[excellance] 27/10/2022 08:46

Oil
Today's news is odd, as it doesn't explain the funding or the reasoning behind the need for yet more projects. It does look like it'll be funded by disposals, of Danglay probably, and maybe some corporate deal in Victoria, or maybe just equity in ECR?

[excellance] 27/10/2022 08:40

Av
Fortunately I folded some time ago, nursing significant losses, but out of RMM completely.
RMM are suspended, boxed in by their own stupid finance agreement, tragic for all holders.

[oildon11] 27/10/2022 08:28

This is fantastic news guys!! Of course they cant say where they will get the money from they have signed an NDA over a sale of our victoria assets a blind man can see this!! Time to fill ya booooots

[oildon11] 27/10/2022 07:56

Things just got very interesting this is as good as any heads up that we are on the verge of completing a sale or jv of mercator gold for a reasonable sum. And we will more than likely move up to Queensland and focus on our 2 tenements up there.

[bob1995] 27/10/2022 07:55

Big fundraise needed

[avsome1968] 26/10/2022 22:00

EX what are you doing with your RMM holding stick or twist?

[excellance] 26/10/2022 15:56

Blue moon April 2019
2 metres at 17.87 g/t gold within a zone of 15 metres at 3.81 g/t gold from 51 metres in BBM007;
3 metres at 3.88 g/t gold within a zone of 11 metres at 2.42 g/t gold from 169 metres in BBM0008

[oildon11] 26/10/2022 15:23

ThanksEvery bit of blue will do haha

[oildon11] 26/10/2022 11:56

Can we have some more blue her please? Bit of blue for the blue mooon?

[excellance] 26/10/2022 10:46

Six weeks since blue moon started again, very exciting, but no guarantees of success as AH stated three times in the recent RNS, making the risk absolutely clear to investors.

Is he saying that the 2019 results were anomalous or even fake?

Is blue moon even relevant compared to HR3 and Creswick?

In order of importance or value to the company, how would we rank our assets?

[keifer derrin] 21/10/2022 20:58

not sure if this has been posted



ECR Minerals #ECR - CEO Andrew Haythorpe talks to Andrew Scott

[barony] 21/10/2022 16:10

At end of March, we had £1.2M and six month spend was £324K. That was before we got the property sale proceeds.

[barony] 21/10/2022 15:21

We had x cash and got $950k Aus at end of Aug, bought the second drill at $425k Aus - minus a “meaningful221; discount. We should have plenty of cash in hand until some time next year. Plus, we are trying to sell some surplus assets.
What about the Creswick licence?

[excellance] 21/10/2022 12:46

"The Group held £1,204,289 of cash and cash equivalents at 31 March 2022", and, "has now received the A$950,000 sale proceeds from the property at 177 Bassett Road" on 26 August, which is over £500k.

We have since agreed to buy the new rig on better terms.

We must have about a million quid in the bank.

So how much cash do we actually have available?

[excellance] 21/10/2022 11:05

What is our cash position post rig purchase?

I've lost track.

I'm not concerned about deals taking a little time, I prefer considered sales rather than fire sales.

Raising cash in these markets isn't easy, so we'd better prove something up in the next six months if we intend to place, get on with sale of assets, or maybe there will be another way to fund our licenses?

JV?

[barony] 21/10/2022 10:49

He needs to be more careful what he says. Our assets look great and we should still have plenty of cash.

[excellance] 21/10/2022 10:46

Many have folded, hence the low share price

We are heading into a recession, and money is tight, so sentiment is low in most equities as folk go to cash or yielding treasuries.

While news here is encouraging AH said the sale of non core assets was taking longer than hoped, and that cash would be very useful.

[snowyflake] 21/10/2022 10:24

I am neither seller nor alarmist.

[excellance] 21/10/2022 10:01

As AH says in the interview, investor risk appetite is very low, and there is palpable fear due to political and economic uncertainty

Do we stick twist or fold?

[excellance] 20/10/2022 20:15

And that's before we even look at the huge Lolworth license with its gold shows in streams.

[snowyflake] 20/10/2022 19:27

as did Adam Jones at the beginning of the Proactive interview dated 23 July last year when he referred to Creswick as the jewel in the crown. This was repeated more recently by AH as you say tamer investor.

In the latest interview Adam Jones seems to think, if I understood him properly that we have a resource at Creswick.

If the drilling campaign at Blue Moon enhances the the success in 2019, in addition to the northern part of the Bailieston licence we could have three resources capable of a mine/JV. In my view ECR is undervalued - higher than the capitalised 9.31 million this evening.

[encarter] 20/10/2022 18:26

Spike coming.