Being set-up for a takeover ?, page-6

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PaleoBro

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30/05/16

19:24

Post #: 17905343
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Originally posted by Sharetrader78 ↑

Well lets hope MR can now focus on MKO future

APPOINTMENT OF NEW CHAIRMAN Echo Resources Limited (“Echo” or “the Company”) is pleased to advise the Board has appointed Mr Barry Bolitho to replace Dr Michael Ruane as Non‐Executive Chairman and will take place effect immediately. Mr Bolitho has over 40 years experience as a mining professional. He has been responsible for the commissioning and management of a number of gold mining operations, both in Western Australia and internationally. He is a qualified Metallurgist with a Bachelor of Applied Science and Diploma of Applied Chemistry and has gained extensive experience in the executive management of resource based companies with particular emphasis in exploration, operations, project management, administration and corporate development. He has been an executive and non‐executive director of a number of ASX and TSX listed resource companies over a long period and has worked closely with financiers, brokers and analysts. In conjunction with Mr Bolitho’s appointment, Dr Michael Ruane will step down from the board of Echo to focus on other business interests. Dr Ruane has been very instrumental in assisting Echo to reach its current position as a well funded gold development company through his recognition of the potential of Echo’s highly prospective tenement portfolio, in particular the Julius Gold Deposit and is warmly thanked for his excellent contribution to the Company.

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MKO has that feeling that its being kept under the radar for obvious reasons so not expecting a great deal of promotion. However, we might be nearing a drill program soon.

MKO Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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Being set-up for a takeover ?, page-6

Top Stories

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Pantera begins drilling of maiden test well at Smackover

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint