EAR 0.75% 33.3¢ echo resources limited

Ann: Diggers & Dealers Presentation, page-14

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  1. 2,285 Posts.
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    Someone has been selling down since the BFS, and it looks like a fund or other significant holder. I would like to know who they are, and I expect in time we will see a "ceasing to be a substantial holder" notice.

    The figures did not look too bad to me, but there are others here who are more experienced with the financials than I am, and who's opinion I respect, like esh.

    Market cap of $90m, and NPV of around $140m - it seems some were hoping the NPV would be double or triple that number.

    Given the stats on the project, I'd like to know what a good (or at least reasonable NPV) would have been, one that some of the experienced posters here would consider more reasonable (without being excessive).

    For example, would an NPV of $270 (or 3 times the market cap) have been reasonable?

    Gw
 
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