EAR 0.75% 33.3¢ echo resources limited

Hope not in some ways. I believe there is a large drill program...

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  1. 6,851 Posts.
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    Hope not in some ways. I believe there is a large drill program underway and its not in our interests right now. I am particularly interested in deeper holes and the many untested targets. We have seen only the top of this ore bodies potential so far imo, but time will tell on that front.
    They may wait for the holes and then bid with a little more certainty.
    NST must have made the commitment to buy 19.9%. They still have a little to go and it could be them rounding up today for all we know. The risk NST is taking now, is that some mighty fine drill results sends the stock on a tear and they have to stomp up. They have bought nearly $30m worth of stock, so its only a matter of time before they bid for it. The sellers have let the stock go to them for weeks and it made little sense to me. Some people are weird when its obvious they were buying after the first line was crossed. The chart grinds upwards etc.
    The other thing to watch is the gold price. If it goes hard, the price and pressure rises with it and vice versa.
    EAR is still cheap imo, the forwards potential is still well under valued to me. dyor and good luck.
 
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