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A very good point! I'd bet my shareholding that these are being flipped.
I love it when people put so much effort in posting on a stock that they 'think' is totally useless... it is such an odd thing to do... but hey, maybe they have nothing better to do...
I agree Sausage, If they didn't find gold there by the 1970's then they will never find gold anywhere else.
It's not like technology and gold locating techniques have improved in the last 50 years.
And they must have covered every inch of Australia during that period and at every depth.
I cannot believe that companies have spent billions prospecting in those 50 years when they will obviously come up with nothing new...........Fools the lot of them.
...........tax loss consultancy....... have asked for an update, don't think we will get one if a deal is being done
Thanks for the history lesson Sausage. Duke of Cornwall noted. Waiting on Blue Mountain (production which means value) and Lolworth exploration in east and possible link with a neighbour.
Who is ECR paying £6k to over a few months for assisting in 'conserving it's cash resources'? not Nick and Mike is it ;) (consultancy fees come to mind). Who is that money going to? it seems to appear whenever we raise for N/M's salary sacrifice. Sorry to be cynical but it seems somewhat paradoxical to pay to conserve cash? can anyone clear that up?
It does make me chuckle when people insinuate being next door to a company pulling large quantities of gold out that everyone with ground abutting will find the mother load.
The basics. The 1st Victoria gold rush started approx 1851 & lasted throughout the 1860s. In 1856 alone, the Victoria gold field yielded > 94kg of gold. Subsequent gold rushes took place throughout the years across the whole state of Victoria. With it came the old timers, Melbourne's population grew between 1851 & 1861 from 75,000 to 500,000. In the 100 years from 1870 to 1970, Melbourne’s population increased ten-fold, from 200,000 to 2.5 million people. With it the population of Victoria as a state grew massively too. There were 3 ‘booms’ of growth in the Victorian economy over this period, 1850s to 1890, 1900s through to 1930, & 1950s to early 1970s.
Commercial gold mining companies have moved in with technology to map the geology, move & process the gold bearing rock to even extract the finest grade gold with cyanide.
Why do you need to know this, well when people (re)tweet the following
https://twitter.com/BigBiteNow/status/1800450899132977542
& also the websites such as
https://www.firstau.com/projects/victorian-gold-project/ (scroll down to SWIFTS CREEK GOLDFIELDS)
You can clearly see the NorthNorthEast – SSW of the Snowstorm & Highland Chief prospects as well as the WWN – EES of the Haunted Stream prospect.
These gold rich veins don’t appear to cut across ECR’s EL007484 licence. Yes, gold will wash through the landscape, but the gold rich veins?
Ask yourself why in over 170 years since the first gold rush, with multiple gold rushes since, with 10 of thousands of gold prospectors scouring the Victoria landscape, with commercial firms scanning & mapping the landscape, why didn’t the old timers put hundreds of mines down on the now ECR’s land? Please don’t say it’s untouched ground! Why is it the big gold companies haven’t snapped ECR’s arm off to buy the licence. Is it because the geology? Not every piece of land has gold rich veins
I believe because, as the old timers identified, there maybe no gold rich veins going across ECR’s licence, the gold rich veins go around it as can be seen in the image accessed via the above links.
ECR say of the 56 rock chips samples, 37 have been Photon analysed for their gold content, only 8 came back with results above 5g/t gold from the latest Tambo Project exploration No other rock chip samples returned reportable results. Mediocre results, in my opinion. (note the table in that RNS, lists result over 0.5g/t).
Yes, ECR should find flakes & a few nuggets of gold, washed across the land, it’s Victoria after all, the biggest chance in Victoria of ECR finding gold is the Duke of Cornwall mine, closest to the Snowstorm prospect, but it doesn’t mean because ECR have ground near Southern X than ECR will find a motherload. It just doesn’t work like that, which is why they keep
Nothing exciting ....Just the share allocation in lieu of Salary for Mike & Nick that we already knew about.
And £6k of shares to a service provider instead of cash payment ......Nick is still watching the pennies.
Not to worry Talking Sense. I am less interested in ECR trying to build value via talk, inference and sentiment and more interested in the work by Jones and the team at Blue Mountain (he should be there now) where I and I am sure others would like to see a real result via a small plant, pilot project and seeing gold leading to production.
Morning Daramunda,
I'm sorry that "didn't do it" for you.
The link was to show the map which shows the Southern Cross licenses (including Sunday Creek) proximity to Bailieston.
I know the tweet was irrelevant as I was only trying to provide the map requested by Ivans and that was the map I found in the little time I had spare yesterday(just trying to help).
DO U MEAN A TEAM UP !
https://www.youtube.com/watch?v=8li75a-hxLQ&t=66s
TalkingSense - no disrespect intended but that does not quite do it for your exhibit relates to a tweet by MW which in turn relates to Davey Road which is the north east point of the Creswick tenement - see the map attached to the 12th December 2023 RNS found on the ECR website - investors - announcements - RNS - 12th December 2023.
As I read the Mawson/Southern Cross merger, the relevant asset is Sunday Creek which is south east of ECR's Bailieston tenement which is some way east of the Creswick tenement.
It may be that Alan Green is alluding to the possibility of a possible tie up of ECR;s Bailieston tenement with Sunday Creek - if so it might be useful to have a detailed map showing the two and distances etc. I do not work for ECR and do not have access to the required material.
.......ECR BOD could we please have and update?........whilst the shareholders are aware you cannot release any price sensitive news......just to know that the third party is still working on it and things are progressing (or not) would be great.......a projected approximate timeline ??
evans, i hope the map on the attached tweet shows you what you are looking for.
https://x.com/share_talk/status/1754449566655475832?t=****5vnmmktrfmwli68ouw&s=19
Since Alan Green raised the issue (no doubt to promote ECR) he might and could put together a plan to show both proximities. At the moment raising the issue of the merger itself and Nick Tulloch's "meetings" are no more than a "Just because".
Do we have a clear map showing how close their licence area in connection to SXG ?
ECR saying their licence is next to SXG
RRR also saying the same that their licence is next to SXG
BUT where can i see under 1 map showing both their licence area location?
Thanks
…….interesting 🤔
Mawson are merging with Southern Cross Gold. From Twitter this morning - ECR's assets are adjacent to Southern Cross too.
https://x.com/Alan__Green/status/1801142935729082823
Both Ant and Dec in separate interviews have not ruled out ECR becoming a producer of gold. Blue Mountain may be the start of the company producing gold even if on a limited scale. After all, imo every management to date has failed to create value. Ant, Dec and Jones may prove the exception and add to the available funds for exploration in Queensland and possible further exploration leading to production at Tambo and then in Lolworth even if via a JV.
"" Blue Mountain currently encompasses ‘a relatively straightforward alluvial gold system’ reported to contain at least 100,000 ounces. The ‘readily accessible’ system ‘presents the potential to accelerate the project towards “production-ready status” in the near future, subject to the necessary licensing permissions’. ECR says the site’s landowners ‘have expressed their willingness to work with us on the project which has further increased our confidence that the project could well exceed our initial expectations.’
Happy to have some of that...
….. https://x.com/dds_docholiday/status/1800451568640438738?s=46
It's another 1.82% away from your buy in price so that's good enough for me.
Have a good evening.