EAR 0.75% 33.3¢ echo resources limited

What is wrong is their financing strategy. No sensible CFO/CEO...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 932 Posts.
    lightbulb Created with Sketch. 45
    What is wrong is their financing strategy.

    No sensible CFO/CEO publish a document that heralds fund raising without having it already lined up, moving into a halt and executing while in halt.

    The market sells in anticipation of CRs to finance their interest in a cheaper raising.

    What they have done is a rookie move.

    I bet they thought they would announce, price goes up and then they raise.

    OOPS
 
watchlist Created with Sketch. Add EAR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.