EAR 0.75% 33.3¢ echo resources limited

EAR chart, page-128

  1. 602 Posts.
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    The recent strong surge in the BGL share price ( and of course driven by the regular resource upgrade and the comparatively open Share Register ) is its strategic location and its strong appeal to either NST or Saracen (Sar) .

    In a sense , and in this current rising gold environment , BGL is still "the most attractive girl left on the dancefloor "...…..with Echo now having been swept off its feet by the strategic holding of NST .

    The addition of the Bronzewing Plant locks in the value to NST of both ECHO and potentially BGL ….so a similar move might soon be seen by either SAR or NST to do the same with BGL ie a strategic 10 %+ on market acquisition ? One might move and take a position , both FOR FEAR OF MISSING OUT and to thwart the other from acting first .??

    Would have been fantastic if EAR had been able to move to have Bronzewing operating already , and have cash flow and no debt ...but as they say , if my Auntie had a jack hammer , she'd be my Uncle!

    Either way ---action of this nature won't hurt the share price of Echo --on the contrary !

    A far fetched scenario , is that a third player ( or even Saracen ) tries to take a strategic position in BGL , and at the same time , also takes a stake in EAR which , altho way below Nst's current 23% , might be able to make NST come to the discussion table . Wishful thinking I believe !

    This is of course an EAR thread ..and not pushing any other barrows here , other that to attempt to look into EAR's future , in its own right or as an eventual component of NST .

    Cheers

 
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