EAR 0.00% 32.5¢ echo resources limited

Really interesting at the low end of the market, page-78

  1. 12,127 Posts.
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    The BFS is due any day/week now. The gold price is good. People will sell into tax loss and wont wait for the bleeding obvious. They think something is wrong, when its clearly not the case imo. The stock is oversold by an enormous factor. Euroz has a target of 45c without more drilling success, so the current price is nutty. It has far more to do with sentiment than value reality. AVB was 7c, and now 17c. That shows you how wrong markets can be , but it was not lost on OZL.
    This is the sort of price people will regret not taking advantage of imo. NST paid 30c for 93m shares and people sell it at 23c. I put my money on NST knowing more about value and mining that the fruit bats selling this and forgetting what its assets are. dyor
 
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Currently unlisted public company.

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