EAR
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0.75% 33.3¢ echo resources limited

Infrastructure good. Tenements good. Value good. Only problem is...

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  1. Crazy-Trader
    3,832 Posts.
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    31/07/17
    17:59
    Post #: 26193624
    Infrastructure good. Tenements good. Value good.

    Only problem is that the management lacks ambition. There has been so many opportunities for management to lock in a gold loan/hedge for the full +60k oz above $1600AUD, get things running, and use the $42m NPV from Julius to bank roll all this drilling.

    If management started up Julius, then the share price can easily push back above 20c. Or at leadt give a timeframe for production. Just to keep Bronzewing on C&M indefinitely poses problems.

    All this infill/re-drilling is a waste of time and money.

    Had my eye on EAR for a while, but until give a timeframe for production, I won't be buying.
    EAR Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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