EAR 0.75% 33.3¢ echo resources limited

Looks like a bit of a gentleman's agreement between big holders...

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    Looks like a bit of a gentleman's agreement between big holders to sacrifice a portion of their shares to a party that wanted them. That's my reading of it anyway because I dont think any single person or entity owned 80m shares.

    The interested party would of course have acted through a corporate adviser so their identity would not be known by the sellers.

    Is it precursor to a takeover? No idea. But I find it hard to imagine anyone making this size of an investment unless that was their intention.

    Cdchi1
 
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