EAR 0.00% 32.5¢ echo resources limited

Ann: Exploration Growth Strategy, page-17

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  1. 13,197 Posts.
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    Yes, you get the feeling the tail is wagging the dog here ... Putting pressure on EAR mgmt to delay funding plant refurb and producing its own cashflow(Which in its self would push the SP much higher) ... but instead, move quickly to secure assets close to the plant with NST backing the plan via large placements + scrip /merger deals (In turn moving to a controlling stake)

    from today's ann- "Near term plan"

    Enhancing the already strong forecast returns of the Yandal Gold Project (Project) by investing in near term resource conversion and focused exploration to further improve the production profile and extend the mine life ahead of future production(NST interested in whats south of their Jundee 1.8mtpa gold plant)

    and • Advancing discussions regarding regional asset and corporate consolidation(More pushing from NST)

    So merging/scrip deal with neighboring resources ...(just look at recent years movements where EAR reverse T/O MKO to gain the best assets now held by EAR) so who's next "Bullseye"or one or many of the doz gold permit holders in trucking distance to BZW?

    I've been buying HMX who owns permits on the doorstep of BZW plant ..most likely will be T/O if they discover and major Gold systems ..

    Looking forward to Qtr report and update on BZW Plant refurb ..

    Any sellers here are Idiots IMHO .. min 35c within the next several months
    Last edited by Sharetrader78: 29/04/19
 
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