ecu drilling reports
I spoke to the company today and believe me they are as frustrated as we punters. Remember the directors of ECU own about 55% of the shares, so they certainly have their whatsits on the line. This is a good sign and I am always happy to invest in a company where the directors have huge heaps of their own money on the line. The drilling test rigs should be able to start drilling next Monday weather permitting, and currently all the boys are over in New Zealand negotion with the NZ government. Bottom line worst case is we may not see much of an announcement on Broughton till February, however the market seems to be sensing that the results will be bullish. There appears to be two large coking coal seams extending from the RIO Hail Creek seam.
ECU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
