EAR 0.75% 33.3¢ echo resources limited

Ann: Company Secretary Resignation, page-28

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  1. 5,669 Posts.
    lightbulb Created with Sketch. 96
    Meh, EAR is going down the toilet. Paying $100M would be a huge error in judgement and the market would crucify them for it.

    As a long term NST holder I'd rather they pumped $100M into fast-tracking exploration into their Tanami tenements to establish another 300koz operation.

    That would take annual production to +1.2Moz/year, and have a far greater impact on the market cap. Even the announcement would pump the stock over $10 because the market knows NST delivers on promises.
 
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