EAR
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0.75% 33.3¢ echo resources limited

Ann: Resignation of Director, page-23

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  1. Oracleyoda
    932 Posts.
    lightbulb Created with Sketch. 45
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    05/09/18
    14:47
    Post #: 35429695
    What is wrong is their financing strategy.

    No sensible CFO/CEO publish a document that heralds fund raising without having it already lined up, moving into a halt and executing while in halt.

    The market sells in anticipation of CRs to finance their interest in a cheaper raising.

    What they have done is a rookie move.

    I bet they thought they would announce, price goes up and then they raise.

    OOPS
    EAR Price at posting: 11.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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