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I'd expect something sooner, but does put things in perspective. I believe news will drop out of the blue much sooner, but if it's H1 it's just a few months.
That's not the worst case scenario.
And even in worst case scenario of no drilling until late 2020 or H1 2021, it's only 9 or 10 months away.
Abusing? U r the one abusing facts... the drop is nothing but a gift for me, I couldn’t care less as I still believe we will drill this year... good luck to u as well, cutting and pasting twisted truth lol more than welcome to look at my history, I don’t ramp this stock I always tell the truth.. the fact still remains that nothing has been decided and the markets are in turmoil so companies like eco are the most vulnerable to swings atm.. I’d be happy if we drop to 20p, will just keep buying as much as I can
Was always a bit of a bet 20 or 21 drilling but 21 has no guarantee. IMO the RNS is telling us predicted drilling program in 2021.
My eye is on TLW now! Who knows. Could change outcomes either way for ECO. GLA
The phrase kicking the can down the road springs to mind here. Gil sure loves a positive spin, but that is IMO the admittance that we won’t drill till next year now, despite trying to say we “might”. I actually agree with Pro; there’s nothing coming bar a left-field surprise that will raise the SP here. All just IMO of course
You have in effect 1 year of doing nothing now.
No way the share price will rise imo...........just going to be trickle of bored sellers over the summer as the share price drips downwards into the 20's. Dead money now for a year.....not many will want to leave it for a year dead in ECO. Most will sell out and use the money on other stocks and return to ECO most likely January 2021.
I note yet again that my predictions are way off. Really thought we might see 10% rise not fall.
Spunkin, abusing posters again I see. The excerpt is a new line. We know they are pushing hard for a drill. Still all to play for long term.
Good luck to you and James today. Big day of ramping ahead of you! : )
It's not neutral - that RNS is the AIM way of saying we're not going drilling this year.
so we were waiting for a consortium meeting by the end of this month as stated a few times in the last few weeks to finalize the drilling schedule for 20-21 only to read in this rns that "a final decision on further drilling activity and the overall budget will be made in the coming months."
no news out except that and a hint that drilling will be delayed till next year.
with no corona and the tlw financial issue I would expect a sp of around 0.50 at the moment, but as it is we can easily break under 0.3.
Eas, again copy pasting only what u want to see lol what about the paragraph where eco is pushing to drill at least one well in crat asap? Did u miss that part? Don’t be a muppet and post both sides of the story... the rns is neutral, nothing new, and considering the overall market conditions we could drop to 32-33p
Gil looks to be walking back earlier comments on drilling in 2020.
"While it is Eco's intention, and there remains the potential, to conduct a drilling program later this year, the need to integrate the new data learned from recent discoveries in the region into our understanding of the Block's geology may result in further drilling and appraisal activity taking place in H1 2021. However, a final decision on further drilling activity and the overall budget will be made in the coming months."
Fully funded, we are ready to drill! I can see a good blue day coming up here.