ECH 2.74% 37.5¢ echelon resources limited

in the crosshairs, page-9

  1. 159 Posts.
    I'd prefer to see what the company does with all that cash by way of acquisitions, etc, which will take time. I can't see any particular justification for a divvi so soon after the last one, notwithstanding their embarras de riches.

    I also don't expect anticipate a significant augmentation in the sp soon (barring a nice bump if Momo comes up with the goods), my reasons being the state of the market, conversion enabling those with large appetite for NZO to have had a good feed, plus probably some will sit on the sidelines until NZO proves it is discerning in how it spends its squillions. But then, I wouldn't complain if it does!

 
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