EAR 0.75% 33.3¢ echo resources limited

Ann: Orelia Delivers Strike Extensions, page-8

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  1. 6,851 Posts.
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    No one can help stupid and the sellers in this are class 1 players in the field. They have been selling as fast they can for many weeks against a rising gold price and rising NST buying. You dont often see this disjointed silliness, but welcome to the market.
    I really think its a slow burn to making money now. The $5m drill program has already hit the ball out of the park with a further 200m extension and its almost a cert that NST will eat this for above 50c once the program is completed. That should all take place within two months imo. Hence the headline -'No-brainer'. Its been right so far and the projects are only getting larger as we speak.
    No sleep lost, and i feel lucky to be able to pick up the discount. Even NST paid 37c for 13m shares.
    Please dyor and see what happens.
 
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