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33.3¢ echo resources limited

Think most shareholders would sell under .50 cents. Need results...

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cashken

2,192 Posts.

77

30/04/18

11:54

Post #: 32763967
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Originally posted by copperroad ↑

NST could bid soon, but they probably wont get the company if its opportunistic and sub 50c regardless of where it trades in the short term. I dont really expect them to bid yet.
The stock is here because the ongoing drill results still need to come out and the BFS is within the next 8 weeks. This seems to be around the basement for value imo, but time will tell. It certainly wont be trading here when they lock in the finance and BFS. That is when NST might top up or the stock re-rates anyway. Gold is still approx A$1750 oz.

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Think most shareholders would sell under .50 cents.

Need results from Julius to stop share price decline.

They put 40 holes into Lowlands, so expecting some exciting grades and continuation of strike from Julius North. High grade and could become a very sizeable deposit.

EAR Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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