EAR 10.9% 20.5¢ echo resources limited

EGO’s Rule the Day

  1. 1,440 Posts.
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    EGO’s rule the day, no flame for the peace pipe now!

    Share price now 9c and falling, a tsunami of change is coming. Current management has underperformed and shareholders are losing their shirts.

    After the latest ill planned and disappointing drilling update the Company after all costs will be close to insolvent. A short term loan with conditions by current board and management most likely in play now – this is a disaster. Very poor corporate management and governance to date.

    A change is required now, IMO. Share price heading into the 4-6 cent range, then a capital raising at a discount resulting in heavy share holder dilution.

    All non-associated shareholders will be penalized! Not good enough.

    Either way short term pain in the share price whilst new investors are getting set. DYOR, please.
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Mkt cap ! $126.7M
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Last update - 16.10pm 25/03/2019 (20 minute delay) ?
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