EAR 0.75% 33.3¢ echo resources limited

News: EAR Echo Resources seeks trading halt pending announcement on capital raising, page-6

  1. 6,287 Posts.
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    yes and going from the depth EAR is going to continue to head higher ....will EK sell his position ?
    very likely MR and friends will be soaking up much of this CR ...more dilution to EK and friends ...

    So EAR is being valued @ 34mill and maybe soon 40mill and to think PXG was taken over for 75mill and they had a Eastern Goldfields resource over 4moz (reserves 1moz+) and they hadn't even drill out their best of their tenements >>

    Now Gold has shifted up $150oz AUD since then ...still going off the current value given for EAR just on 200koz resources + good drill results ...and EAR is nearly worth half of PXG's fair take over value ...

    IMHO ...MR has been putting it out to investors of EAR that they will get MKO for a song ....so not just a small resource but a 80mill+ plant as well in time >>
 
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Currently unlisted public company.

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