Australia's largest stock trading and investment forum Australia's #1 stock forum

EAR

Click for more information

0.75%

33.3¢ echo resources limited

Ann: Yandal Gold Project - Orelia Resource Upgrade, page-17

First 17 Last

Share
Profile

Follow
Jetballs

794 Posts.

6

20/06/18

10:15

Post #: 33818592
Share

Originally posted by copperroad ↑

Hi

I dont think NST will be all that influenced by their own share price movements. They probably have a criteria that focuses on things like contained ounces and grade more than that. Everything has a value.
The gold price got hammered on Friday and so did the dollar. The end result is that the Aussie dollar gold price actually went up to A$1724. Some are calling the aussie to hit the mid 60c range and that will be amazing for gold stocks like EAR going into production if the gold price is anywhere near this level. You can see that NST' s share price is slightly up today but the sellers in EAR still remain determined to hurt themselves. This weakness is a blessing for NST if they decided to play but i think they would want more ounces. If EAR makes a new discovery (likely over time) then this short sighted price action would be nothing short of awesome for them. I think the funds are assuming a massive placement and that wont happen according to the announcements, so they wont get set going into production at this stage. dyor

Expand

Copper,

Do you know if any drill rigs are on site at the moment?

Any news on Julies drill results?

EAR Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

CHW

Cleo adds Royal Women's Hospital to its clinical trial for ovarian cancer diagnosis

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 14 more messages in this thread...

First 17 Last

Add EAR (ASX) to my watchlist