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33.3¢ echo resources limited

Hi @nordesmic, looks like you’re on the money. Monday’s block...

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PaleoBro

3,025 Posts.

86

25/10/18

09:24

Post #: 36252617
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Originally posted by nordesmic ↑

Not sure what can be said on the chart. The weakness has been pronounced even as some of the other small cap developers have started to stabilise. Maybe a double bottom in the offing now, particularly if my comment about 1832 weighing on it (and hopefully now out) is correct.

I haven’t been buying more EAR because I really only wanted to add the cream of the crop developers during recent pullback. To me that is WAF and DCN. One in the earlier stage is OKU, I have been buying there. Very little interest but one of the few exploration stocks I think with true multi million ounce potential.

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Hi @nordesmic, looks like you’re on the money. Monday’s block trade data is consistent with the prolonged large sell down through Canaccord (1832). Assuming that’s them gone for good now.

They’ve effectively moved from EAR into BGL.

Last edited by PaleoBro: 25/10/18

EAR Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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