EAR 0.75% 33.3¢ echo resources limited

Strategic approach

  1. 4 Posts.
    More good drilling results. Should see upward movement in the next few weeks and into the New Year as more results are released. Great to have NST on board as a significant investor. IMO, takeover is not on the cards for now, at least until the company moves to production in 2018, which was strongly alluded to in the substantial shareholder statement:

    "The Company's overall focus is to continue to deliver value to our shareholders and advance the project via the strategic approach we set out many months ago."

    By then, I expect the SP will be north of .60 which will make for a lucrative TO offer. Good luck all, wishing us a prosperous 2018. DYOR.
 
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Currently unlisted public company.

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