Australia's largest stock trading and investment forum Australia's #1 stock forum

EAR

Click for more information

0.75%

33.3¢ echo resources limited

It will come down to how well it is managed, a great management...

First 22 Last

Share
Profile

Follow
CashedUpBogun

5,669 Posts.

96

03/07/18

12:00

Post #: 34104420
Share

Originally posted by Shamer ↑

NAV.,

At the time was the lowest margin miner in Aus. Or that close it didn't matter. Gold was sitting precariously at $1,600 and above. As such Bronzwing couldn't hold its own. Many, myself included were betting on a breakout back to and beyond the $1,890 high. But even a Hundred Dollars to the upside would have done the trick. I backed it all the way.

NAV had "secured" offshore debt (Canada) that was not friendly. They were unable to refinance, hence they were in trouble.

Their Plant, especially their fleet was unreliable to say the least. Eventually it all fell into the too hard basket.

I booked a loss exceeding $400k on it. To this day it remains my largest ever trading loss.

That being said. Though marginal, it was workable. The dynamics are much better now. Primarily the extensive truckable shallow resource defined, and being defined in the district makes this irresistible.

It's a Buy every way you look at it in my opinion.

Expand

It will come down to how well it is managed, a great management team with a marginal asset will always trump a marginal management team with a great asset.

Coxhell will be sending flowers and chocolates daily to Bill Beament. BLK shareholders must be devastated their project didn't get the same attention.

EAR Price at posting: 25.5¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 50 more messages in this thread...

First 22 Last

Add EAR (ASX) to my watchlist