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32.5¢ echo resources limited

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ASXcowboy

6,309 Posts.

522

17/09/18

13:29

Post #: 35646443
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Originally posted by speculator101 ↑

EAR is about as ripe for some corporate action as I have ever seen.
Of course, T/O discussion is probably the most posted topic, ha.

While I can understand that of the 800k+ reserves, only about 55% are really profitable right now, the simply fact is, that the plant is ready to do, the dirt is good (NST want it), and it could be in production in just 6 months. If that is not a bolt on acquisition then I don't know what is.

I am still really surprised why the likes of SAR is not making a move, or even the smaller end like SLR... The big piles of cash are doing nothing!

The company could likely be bought for less than $100m right now, with a decent script offer.

Well done to those able to make an entry at these prices. A headless chook is still worth something....
(bad analogy?)

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Fundamentally not a lot has changed since NST paid 30's for their shares. POG a little lower but still big AUD margins. My 12c average is an absolute gimme.

EAR Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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