Echo on the Rebound

Echo on the Rebound

And now for something completely different, Echo on the rebound.

I believe that Echo may go through something of a very positive transformation in the next year, with a younger set of professionals and managers driving development and growth - this is a good thing, and something for investors to look forward to and support. It's true that development and production requires a different skill set than exploration, and certainly involves engineering skills and experience.

We may see youth and energy and drive and enthusiasm return to all aspects of the business, with some board renewal, and excellent quality young professional people coming on board - at least this is what I am hoping. Echo currently has a great opportunity for this to occur.

Looking at some of the figures, and the consultants currently working with Echo, we may even see a better DFS report, with 5 or 6 areas that could be improved even further on the already extremely good last release.

And we may see the price of gold rise at the same time, making it probable that we have now reached a share price bottom.

Overnight I have had the opportunity to do some more in-depth research, into some of the minutiae of Echo, and I'm a little surprised to say that contrary to what I expected to find, things are more likely to be turning good, especially over the next 6 months. This has been a pleasing revelation, and restored my hope. The DFS was excellent, but there are some potential elements in it, that with some tweaking, could make it exceptional. I hope the consultants are aware of these.

Today, I'm more confident on Echo once again.

I think that a revised DFS may provide 100k ounces a year for at least the first 3 years, with additional exploration potentially leading to this becoming a much longer 100k per annum period into stage 2. At least, from what I can see, the consultants should be aware of this potential.

And with a new CEO and CFO, and younger more dynamic people driving board renewal, Echo may be a very different beast in 1 to 2 years time, and more than likely, will be ramping up to 100k per annum production.

There has been much documentation and reading to go through, in a short space of time, but it's a little easier now to get a more balanced view of the company.

It's still a wait and see, but holds more hope now that previous, especially if they are able to unlock the full potential that may have been indicated by some of the consultant reports from years past. A new CEO with vision could potentially make this into a very profitable company.

Some patience will be required, but 2019 could become a significant year for Echo. Here's hoping.

Let's go forward now.

Gw