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Started: Sausageonstick, 2 Jul 2024 08:36
Last post: TamerInvestor, 2 Jul 2024 22:09
……😂😂😂…. .”I would have thought these tax credits would have expired as like UK HMRC rules?”
TBH this has been talked about since the MCR.l days....I would have thought these tax credits would have expired as like UK HMRC rules? But don't let's get too far ahead of ourselves......Keeping it real I repeat my post of today a.m.
"Clutching at straws for maybe £4m less adviser's expenses = £2m net......but every little helps. It would be nice to get sooome return to help mitigate my previous MCR/ECR losses!
GLA"
..........rxdiv.....it's "folks"......I thought you were a stickler for grammar?
So you are fully conversant with the "same" company tests under Australian tax law??? Lol.
Grasping at straws for a positive spin on signing up a tax adviser at the early stages.
So any mining company would be able to utilise the credit....There aren't many of them in Australia are there? ......lol
Grasping at straws for the negative there Sausage.
Started: cashking, 2 Jul 2024 21:20
Last post: cashking, 2 Jul 2024 21:20
Volume Building ……
News Building ….
Sp Building …..
Started: techguru91, 2 Jul 2024 15:29
Last post: TalkingSense, 2 Jul 2024 16:49
Some good volume buys coming in at the end of the day with a couple of 4m, a 3m and a number in the mid 1m's volume in the 0.29-0.3 price range. Mopping up all available stock.
The penny is starting to drop on what potential ECR has and it should be another interesting day tomorrow.
Who knows we may even get another '0.1 soon' one liner from SV ....lol
Enjoy your evening all !!!!
..........thar she blows
Techguru91, no, that's not exactly what's happening based on today's RNS.
The most likely realisable value from the tax losses is going to be a maximum of half the total. And there can be no guarantee that the right buyer can be found, given the special requirements needed to make a good match. Putting your wares in the shop window doesn't mean you get a buyer. But the idea is good and welcome.
Still not sure how anyone can be negative, bearish or selling at these levels
It has been broadcast today that we have $18m-$22m Australian US Dollars coming our way. Circa double our current Mcap. ts insane tyhe opportunity
Started: techguru91, 2 Jul 2024 09:28
Last post: BlackHopper, 2 Jul 2024 15:23
Nick and Mike... dara. Nick and Mike.
I would suspect the Tax Advisor will get a nice cut if they can make a deal...
BlackHopper/ NGC - The print used in today's RNS is not large and I may have missed the point you make but where in the RNS does it say that the tax adviser Argonaut is being in shares ?
Yes... they are paid in shares for a reason. They are not stupid!!
Maybe still realise that 1000% rise
I have only ever watched a ten bagger... never held one. I have been patient.... (oh EEE, oh Chill, oh GGP, oh KOD...)
Getting paid in shares really makes sense now…!
...........perfect post techguru
Last post: cashking, 2 Jul 2024 13:20
Meanwhile….Fully Funded For Our Work Program….(2024 )
Loads Of News To Come During The Course Of The Year …..
The Only Downside Is The Manipulators/ Chartists …….Other Than That ….Its Looking Rather Tasty …..
Will Already Have A List Of Suitors …..I Suspect….
Started: AmyStake, 2 Jul 2024 07:43
Last post: Jamesp21, 2 Jul 2024 12:04
Purely pie in the sky speculation. Why not just wait and see instead of guessing?
And those figures are Argonaut's figures , checked by the Nomad....and not ECR's.
Genuinely surprised this is still sub 0.3.....people will catch on to the significance of this eventually.
The figure estimated $18-22m......That's £9.5m- £11.6m
So if we achieve a sell at 50% that £4.75m to £5.8m.....with our current mcap around £4m
..........."The figure estimated $18-22m, we're advised an offer would likely be up to 50% of that."............unless a bidding war breaks out😏
............"One good question put to me today re #ECR RNS
" I thought you had already appointed an advisor?
Yes, we already work with a tax specialist assisting us on how best to sell/dispose of the ATL
This IB & CA is the next step (new partner) in potentially unlocking value (ATL sale)"
Started: swazers, 15 Feb 2024 23:59
Last post: swazers, 2 Jul 2024 10:34
"Encouraging Vol. ATM .....! :()
nothing like the sell off last Friday c.50m, however more than yesterdays c.4m and chasing Tuesdays c.12m.........! :()"plus yesterdays c.16m, plus todays (uptil now) a gnats over 28m..........! :)
All the best (add it up........! :()
Encouraging Vol. ATM .....! :()
nothing like the sell off last Friday c.50m, however more than yesterdays c.4m and chasing Tuesdays c.12m.........! :()
All the best (add it up........! :()
Lol
Oh the joys!
Morning Peeps.....!
Bluer now Tro........! :)
Dan1605.... now trading above the 50 'n 200 DMA's............! :()
All the best (with a lot of news/results to come apparantly.......! :)
Started: techguru91, 2 Jul 2024 07:53
Last post: Jamesp21, 2 Jul 2024 08:41
Get real. Nothing has changed other than we've appointed someone to get after the tax loses. Nothing is guaranteed.
This is going to explode higher
Started: BlackHopper, 2 Jul 2024 07:13
Last post: bankrupty, 2 Jul 2024 07:41
Clutching at straws for maybe £4m less adviser's expenses = £2m net......but every little helps. It would be nice to get sooome return to help mitigate my previous MCR/ECR losses!
GLA
All feels a bit wishy washy
Odds are slim to none anything comes from this, just focus on gold
Appointment of adviser to realise value from tax losses
ECR Minerals plc (LON:ECR), the exploration and development company focused on gold in Australia, is pleased to announce that it has engaged Argonaut PCF Ltd ("Argonaut") to assist it in realising value from the A$75 million of tax losses through the potential sale of certain of the company's Victorian assets which carry those losses.
Argonaut is an Australian based investment banking and corporate advisory firm focused on the natural resources sector with offices in Perth and Sydney. It typically targets corporate clients with market capitalisations between A$30 million and A$5 billion and has advised on, arranged and participated in excess of A$10 billion of corporate finance transactions over the past decade. With Argonaut's market presence in Australia, ECR considers that this appointment offers a conduit to senior mining executives, mining companies, institutions and other interested parties.
By way of an indicative guide to investors, current tax rates for companies in Australia vary between 25 per cent. and 30 per cent, depending on circumstances, meaning that ECR's tax losses could have a theoretical value to a prospective buyer in the range of approximately A$18 - 22 million. In practice, any valuation will be based on several different attributes of any buyer including its existing profits, type of business, ongoing profit expectations and its own assessment of how quickly the tax losses could be used. Taking these factors into account, the Directors are advised it is unlikely that any buyer would pay more than half of this theoretical value and even then, this is still a very early stage and specialised process. There can be no guarantee that any offer will be received by ECR.
Started: techguru91, 2 Jul 2024 07:24
Last post: cashking, 2 Jul 2024 07:39
Certainly is ……Sellers May Wished They’d Held On ….
"ECR's tax losses could have a theoretical value to a prospective buyer in the range of approximately A$18 - 22 MILLION." - Half of this would be transformational to ECR's ~£4m mcap.
Started: TalkingSense, 1 Jul 2024 16:30
Last post: BlackHopper, 1 Jul 2024 17:16
To be able to enter at this price after the progress made and road-map signalled by Nick and Mike.... well why the heck wouldn't you??
Looking forward to a 100% day. That is entirely possible here at this deflated level...
Nice solid end of the the day with a couple of c2m buys and a little tick up.
Started: ScarletVixen, 1 Jul 2024 11:47
Last post: ScarletVixen, 1 Jul 2024 11:47
DISCOVERY !
Started: ScarletVixen, 1 Jul 2024 11:35
Last post: TalkingSense, 1 Jul 2024 11:42
SV .....Is that technical insight, premonition, BS forecast or just being a prat?....hard to see from your in depth analysis there ;-)
...................
..................
Started: cashking, 1 Jul 2024 10:56
Last post: cashking, 1 Jul 2024 11:00
Just Look @ The 500000 cancelled Trade @ 0.25 …. Re Issued @ 0.24 ……Fu..ing Stinks ….
Just Pi..ing Folk Off .. …
Started: ScarletVixen, 28 Jun 2024 08:25
Last post: Dan1605, 28 Jun 2024 19:28
"All due respect to the Aussie gold hunters but they mostly ever find enough gold to keep the few people involved going for another year. They aren't trying to to find enough to keep a large group of shareholders satisfied"
You are missing the point Boffin, it's not about finding enough to feed shareholders it's about generating enough to cover M&A, initially.
TalkingSense is a parrot - Best added to filter of now 123 filtered
All due respect to the Aussie gold hunters but they mostly ever find enough gold to keep the few people involved going for another year. They aren't trying to to find enough to keep a large group of shareholders satisfied.
They are a bit like bronze age hunter gatherers living hand to mouth to keep a small family group fed and watered. ECR are trying to be modern farmers trying to develop their land well enough to feed cities of people. It requires a fundamentally different mindset and approach.
That's not to say either are guaranteed success but the two differing approaches aren't really comparable
Oh come come have some faith,
Our Chief Geologist is out in the field with state of the art equipment working hard!
https://ibb.co/dkprsyP
Thanks SV...informative as ever
Started: techguru91, 28 Jun 2024 10:06
Last post: BlackHopper, 28 Jun 2024 13:01
Just a thanks for all you sensible knowledgeable posts TS.... very good to have visible on the thread to counter BS
Good having a troll here to. Often a very positive indicator.
Plenty of progress and good news pipeline going forward.
What is the BB's knowledge of Nick Tulloch's last CEO post and SP effect? I know in detail. I was there. Look it up and ask yourself of you would like 500%, 1000% or 2000% gain?
ATB BH
Mental, Absolutely agree with the regular BOD review.... My question is what is AS adding to the company (surely he doesn't charge that much for interviews....lol)?
On the "I suppose they’re paying someone fees to help save money..?" ....the fee was paid in shares rather than cash to the consultant to save money....it was not a 'money saving' consultant (it was not clear language in the RNS) ....I assume the consultant was the Tax consultant.
I suppose all I’m saying is I want to see every pound and penny being spent optimally, and that every member of the BOD can justify why they deserve to be on payroll. Raises dilute the possibility of most of us lot hitting break even so anything to avoid that. I suppose they’re paying someone fees to help save money..?! that’s a start at least ;) good old ECR.
Last time you said that we promptly tanked 20% tech. Mugs game.
We could really do with a second geo as the Co has multiple fronts spread cross county. I think most shareholders would agree to swapping out less needed members of the BOD to pay for this. Could ECR work on a pay as you go system for pr for example? Bloated BOD and one main geo supposedly tackling every inch of Australia!! Don’t buy it.. Mike and Nick let’s reorganise and focus on practical boots on the ground instead of
Boardrooms and spin. it’s got us nowhere.
0.25p full ask for anything. Lets see if we get some traction next week. I'm expecting things to heat up
Started: daramuda, 28 Jun 2024 12:18
Last post: daramuda, 28 Jun 2024 12:18
Mentalmax - just to show us all that the subject of fees paid to "conserve cash" raised by you and endorsed by others including myself has been noted by MW, you can find an extension of the Alan Green/MW on X posted yesterday. In that MW states that the £6K fees were paid to professional advisers. What he did not explain is that these fees have been a regular occurrence and on one occasion amounted to £25k paid in shares; nor that the fact that the conserve cash fees were not stated in the various RNSs as being paid to professional advisers (the RNSs were silent on the point)
But at least one can see that MW at least is reading the bulletin boards - thus the views of commentators on BBs are being noted. Whether they act on them like increasing the market cap by production of gold time will tell. So far in my opinion talk has not worked.
Last post: TalkingSense, 28 Jun 2024 06:59
Daramunda,
You are correct...the neighbours to the east of Lolworth had discussions with MW.
A team has been doing some work on the east end of the licenses in the last couple of weeks (that was mentioned in another interview)..
Dan
Oh please stop, "we know who you are" I haven't stopped chuckling since I read it.
If Dan1605 you are referring to Blue Mountain I agree that we have historical gold bearing ground but I do not think that we have interest from other parties in respect of Blue Mountain (I may have missed something and stand to correct my view if you can point to that interest). I believe however that MW made a comment in an earlier interview that with regard to Lolworth the company had interest from an unnamed party or parties to the east of the eastern side of the ECR Lolworth tenement. That said if ECR can find a material resource at Blue Mountain (MW did mention seeking an "inferred resource" ) then we are on the way to production and making money which in turn would increase the market cap - a theme that MW keeps returning to. Well if he wants to see the MC increase then take steps to do so. But just as Jones may have been able to get going at Blue Mountain off he goes to Lolworth and we are not aware that any staff were left at Blue Mountain to further explore and deliver. I thus cannot see what management's plan really is. Accordingly I have sympathy with the cynical view of Sausage, whoever he may be and even if he has an angle with MW .
Of Course Sausage , As you would never stoop to ridiculing people :
"All this, in my opinion, excessive results gathering of testing and retesting is like listening to the Keystone Cops on the radio. Are Ant & Dec are turning into Laurel and Hardy?"
They are digging in BM where the 30 year old report said to dig. It doesn't take 9 months to read the report and the rainy season isn't 9 months long.
You are entitled to your view, and I to mine. Attempting (& failing) to ridicule me won't work either. It says more about the type of person you are, than it does me.
Last post: mentalmax, 27 Jun 2024 11:01
Ffs who’s dumping @ 23.5 that’s not helpful! fee $ being flipped?! I kid I kid!
Yep topped up this morning.
Easy pickings.
Started: techguru91, 27 Jun 2024 09:59
Last post: Santina, 27 Jun 2024 10:15
Me 2
And me ....never look a gift horse...... ;-)
Yep ….Couldn’t Resist Myself…
I've added a few million today. Someone wanted oujt and decided to smash the RSP. It is what it is. This just presents opportunity
Started: Chesh, 26 Jun 2024 08:06
Last post: daramuda, 26 Jun 2024 18:32
Thank you TI.
..........que, mentalmax........they only extended their stay because the digger broke down (sic, in a depressive voice).....😂
.............."We have extended a stay slightly given the positive developments #ECR ".........https://x.com/DDS_DocHoliday/status/1805858136294633910
Where did you get that from TI?
…….looks like they have extended the stay and works at Blue Mountain, I wonder why 😉
Started: Sunningdale1, 25 Jun 2024 12:19
Last post: TalkingSense, 25 Jun 2024 17:07
To be fair Sausage , You're so negative that if we shoved you in to a barrel with ECR written on it that was full of tits, you'd expect to come out sucking your thumb.
You have to go through stages of process to get to an inferred resource....first stage is to identify the gold course and the presence of gold in that course by trenching so you can guide the drills.
As far your 'leaching' theory is concerned, I believe that there is a processing plant nearby which was muted as potentially being utilised in an old interview, so no need to leach.
But as you have (self- stated!) influence on the BOD who knows, they may change their plans ...lol
Decent interview today. Confirmed that planned activities are funded through 2024 and in to 2025. Activity planned in BM, Lolworth and Tambo. Announcements (plural) over the next couple of weeks and discussions ongoing with other parties ongoing and making progress.
….. *scratches chin*……….. I didn’t think pricks had chins 😂…..
Would that be like the company that went bust that did gold mining in Greenland and just before it went bust manage to demostrate an entire gold bar - Like that eh
What is the point of saying they have had 14 years to achieve something when the new BOD has only been in place for 9 months? What has the previous 13.25 years got to do with them?
Also, Blue Mountain is as viable an option as any in the ECR portfolio, especially with a pilot plant available on-site and a willing land owner providing labour and equipment. But they can't drill it until it's been trenched. It's called process. As they conduct said process they are keeping investors informed and demonstrating that their efforts are starting to pay off. Again nothing wrong with that either.
Other firms would simply announce trenching and then go quiet for 6-8 weeks. Leaving investors in the dark.
Damned if you do and damned if you don't.
Ya welcome Sausage.........! :)
tomorrow........? might be a Vid show of Adam based on todays Vid where (I reckon) he states such........! :)
anyways, good to chat.........! :)
All the best (might just see a hand full of Gold, might see a bucket full.....! :()
one trench, 3m deep.......
Started: ScarletVixen, 25 Jun 2024 15:19
Last post: ScarletVixen, 25 Jun 2024 15:19
They have had 14yrs on and off to achieve something
Started: sprinter12, 20 Jun 2024 07:13
Last post: mentalmax, 25 Jun 2024 11:01
C1p2D that's bold. Only a few years ago we had £3m+ in the bank, CW/Bailey tipped to be the next Fosterville, Blue Moon all but commercial, drill holes were multiple times deeper etc etc
I admire the optimism but it really does feel like a boring season of Aussie G/H atm, I was certainly more optimistic back then! + my holding had an additional zero, ffs.
C1p2D
‘After 13 years in this share and bugger all so far, I'm the most optimistic about our chances I've ever been. ‘
“Bugger all so far”, that has got to be the understatement of the decade, as I have been here since the naming of that stupid midas rig , I’d use words more like catastrophe, disaster and shambles!
Anyhow onwards and upwards. As long as they don’t do a share consolidation we should get another run at some point, obviously there is no correlation between ecr and AU.
TalkingSense,
"Some people see fowl play/conspiracies everywhere and distract from the actual activities of the company." Then why can't ECR just name the recipient of the shares and put all this to bed. The longer they remain silent the more suspicious it looks to me.
Really not worried about £6k - that's just picking holes for the same of it.
ECR are finally, caveat *pilot*, going to try and get some actual gold out of the ground.
After 13 years in this share and bugger all so far, I'm the most optimistic about our chances I've ever been.
Show me the shiny!
I can't believe that there is all this furore over a £6k fee.
If we had psud cash instead of shares we wouldn't have even been notified.
Companies have dozens of these fees a year and few/not are ever declared in results/RNSs.
Some people see fowl play/conspiracies everywhere and distract from the actual activities of the company.
Activity has started at Blue Mountain you know...oh wait, a £6k bill paid, probably to the tax specialist for their services, is more important. Sack the board!!
This board does my head in sometimes.
Started: Chesh, 25 Jun 2024 07:44
Last post: PAUL1DEANO, 25 Jun 2024 10:01
I’ve not watched it for a bit, there used to be a mighty fine lady with a crackin’ ass on it. Is she still on?
Yeah except they get more gold out of the ground with a JCB and a metal detector :0)
Like watching an episode of Aussie Goldhunters,
Morning Peeps......!
https://x.com/i/status/1805489735114149971
"Head Geologist Adam Jones on the progress from Blue Mountain "
All the best (ya welcome.....! :)