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

Ausdrill took equity for drilling services in GMR earlier this...

First 23 Last

Share
Profile

Follow
binwood

7,151 Posts.

2294

13/09/18

13:53

Post #: 35577137
Share

Originally posted by Smallybiggs ↑

Surely these guys have an ace up their sleeve. The assets are amazing, awesome team and fast track, low cost path to production. In my opinion this is an amazing buying opportunity. Tenements to the north and south of theirs, along the yandal belt are making others excited. Personally I suspect the bulk of the gold may be within EAR's tenements. The only issue is lack of funding for more exploration. If you look at the diagrams of Orelia pitin the Bankable Feasibility Study, the lodes appear to get thicker and deeper as they progress. I'd like to see them sink some really deep holes adjacent to the deepest (thickest) lode in the diagram. It could be a game changer. Deep drilling is super expensive. Has anyone ever heard of a drilling company being given equity, in exchange for exploration drilling, with a share of the possible return. @Pokerface @TheDean @airconditioner @eshmun @binwood @hoots ... I'd love to hear your thoughts on these guys...

Expand

Ausdrill took equity for drilling services in GMR earlier this year aswell. Just depends what terms drillers want to take shares on I guess. If it can be achieved with less dilution and loose shares than a discounted raise through a broker than I am all for it.

EAR Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

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

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

MIN

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

DUI

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

WC8

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

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

GRL

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

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

SIG

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

First 23 Last

Add EAR (ASX) to my watchlist