EAR 0.75% 33.3¢ echo resources limited

Ann: Equity Raising Investor Presentation, page-3

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  1. 3,832 Posts.
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    - Raise $3.2mill @ 16c per a share 6months ago. To accelerate exploration. +20mill shares issued.

    - Proposing to raise $4-5mill @ 10c per a share. To "accelerate exploration" +40-50mill shares to be issued.

    - BFS outlines it would take ~$18million to get Bronzewing fixed and Juilus up and running.

    At this rate the next capital raising will be issusing +250mill shares @ below 7c.

    Really fortunate i didnt buy into this a few months ago.
 
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