EAR 0.00% 32.5¢ echo resources limited

H2-2017 Exploration Program, page-26

  1. 12,084 Posts.
    lightbulb Created with Sketch. 3151
    Great news, NST makes a bid for EAR makes a lot of sense. They both started in similar circumstances.
    The plant would have a replacement value of about the current market cap, so NST would be getting a very nice pick up sub 50c. The exploration upside is ongoing and the company maybe due some more drill results. The stock has be continually rising in a bad gold market and a 16% holding is substantial of course. The company will need to make an announcement soon on that article. NST also wants more (prob 19.9%) and that can be bought in the market. This feels like its all about to happen. dyor.
 
watchlist Created with Sketch. Add EAR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.