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ECR Minerals: ‘Nuggety Nature’ of its Site in Australia gives Hope to this Hard-Working Gold Seeker

By Malcolm Stacey | Share Prophets | Friday 26 July 2019
Hello, Share Primers. Say what you like about gold explorers, there are a few that try really hard and deserve success. It’s a risky business, prospecting, but the rewards, if they come at all, can be dazzling. And it’s a reasonable strategy to have at least some fun money in this field, given the rosy prospect that some commentators expect on this scintillating website for a rising gold price.
I’ve previously brought  to your attention ECR Minerals. (ECR). I praised, among other factors, its diligence in bringing news to shareholders. I does it almost weekly and I do not find its releases to be too over-optimistic. Not like some miners I could mention.
To recap: ECR has exploration and development underway at 3 projects in Victoria, Australia. They are Bailieston, Crewick and Timor. Crewick is currently getting most of the attention as ECR claims it has ‘potential to host  a multi-million ounce gold deposit’.
We are told – and I believe this company to be honest – ‘There is plenty of long standing geological and anecdotal evidence supporting this view.’  In the winter, ECR did a lot of drilling at Crewick. Results exceeded expectations with quartz found in  third of the drilled land. (Quartz is a jolly sign, apparently).
But it was what the company quaintly describes as the ‘nuggety’ nature of gold mineralisation on the site that we’re expected to be encouraged by. If there are nuggets then it leads to the likliehodd of understated essays in the company’s samples.
The Aim-listed prospector has so many samples to test, it has rented a large aircraft hangar in Nagambie for the storage, preparation and drying of samples. They’ve also shipped in posh lab equipment to get the assays done.
And if all this is not successful, then the outfit does have the other Australian gold projects to fall back on.
Remember, gang, that oil prices are depressed at the moment. But as many analysts fear for the global economy, that might not stay pertinent for long.
And now let’s do some sampling of our own in the Punter’s Return.

Australia among top contributors to global mining deal value – Australian Mining

The global value of financial deals in the mining industry fell by almost 15 per cent in 2018 despite an overall increase in mergers and acquisitions, according to research from GlobalData.

Just over half (50.9 per cent) of the $US114 billion ($158.5 billion) value recorded for the year was the result of mergers and acquisitions.

GlobalData stated that the primary reason for the dip was a fall in capital raising through equity and debt offerings and a lower rate of acquisitions. Capital raising activities accounted for the remaining 49.1 per cent of value.

Out of 3000 mining deals in 2018, just five accounted for 15.8 per cent of global deal value. Each of these five deals were worth over $US2 billion each, with the largest being Tianqi Lithium’s acquisition of 23.77 per cent of Sociedad Química y Minera (SQM) for $US4.1 billion.

Despite the drop in global mining deal value, mining, energy and utilities were all cited as top contributors to a national mergers and acquisitions record in Australia last year, particularly in the mid-market sector (defined as deals between $10 million and $250 million in value).

Headline examples of mining merger and acquisition deals include OZ Minerals’ acquisition of Avanco ($418 million), South32’s acquisition of Arizona Mining ($1.8 billion) and Ausdrill’s acquisition of Barminco ($271.5 million).

The five largest countries in terms of deal value were China, Canada, Australia, the United States and Indonesia, which collectively accounted for 65.2 per cent ($US74.5 billion) of global mining deal value for the year.

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