Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Someone’s had a fun Sunday 🤣
💤 😴
I hope all had a good weekend.
So the 1st full week of March is here. Many have hailed The Last RNS as the New beginning (they may have used words like in the passed going forward and the likes) So lets give them the benefit of the doubt .
A clean slate with a lot of shares 17,000,000,000. The matter of bonds and a small loan and outstanding payments to BoD's or ex Full Execs we will put to the side along with the small assests.
So we have a clean company with 17 billion shares already.
What not there is already a drain on the zero bank balance as there are wages and taxes to pay along with the daily expenses.
What is Echo trading in? Exploration Production or something totally different? We don't seem to know ( Remember this is a blank canvas)
As some will know bidding for contracts is a costly business with no guarantees of success.
Lets say Echo gets luck and wins a contract or buys an asset or up and running company. How will they finance this?
Loans or asking the share holders to pay more? both will come at a cost. Even if Echo had no track record that would cost, knowledge of it's past financial history may be costly.
.
Oh I forgot to mention the Share Price.....
Not everyone sees that as a real indicator of how the markets see things. They seem to think the MM's play games.
I'm sure they do as NASA doctors images but that's where PI's make or lose their money.
So SB (the CEO of many Words) over to you..... You took this role on back in late November 2023. It was great to hear you spoke with Chubster the other day. After all he is a share holder of 4%. He would have been better off talking to the cleaner as he gleamed as much info as she has.
But I do thing you should really engage with your shareholders in general. By all accounts you have ruled out a few countries but the thing that was left in my mind was what kind of business or sector do you see echo targeting? As this is a new start it could be anything?
Lets us know on a Postcard or an RNS
Regards
The CEO needs to say something to those that hold the 17 billion share (granted these were issued historically and have no meaning on the New Echo going forward.
Chubster it appears you bought your shares in the past. The new vision is the way forward and That will start once the CEO announces the new future. I assume he has the future finances covered as the passed bonds aren't an issue nor the wee loan.
That is great news. It is great to see the wages of the 4 employees have been cut but there is no mention of a deal being struck on monies due to JP or MH while they lead many up the garden path?
I can't see SB coming up with a strategy and deal on his own there must be outside help from consultants and others to broker a deal on a new future that will need to be covered before a spanner is turned? The start or the movement of monies . You can't make a cake without the ingredients nor an oven or a stall to sell it from, all cost money.
Anyway weekend is here.
The SP is only down between 50-73% depending where you look since SB to on the Role.
💤 😴
He may well be honest trustworth and a determined person. But the SP gives us an insight as to how the many see things since his appointment.
This can be a cruel and unfair way of judging a company and their BoD but it does give a larger view than then even I or the 3- 4 fridge magnets that worship the future.
Thanks Chadster :-)))
Sounds very positive, like you am looking forward to the future of #ECHO !!
ATB
CDF1
Yes had a good conversation with new CEO.
Very honest, trustworthy and determined person.
He couldn’t give much away but did say not in Argentina and a few countries around there, so I’m guessing still in South America.
As for Bond payment that’s due 2032 nothing to worry about yet.
Current small loan due next year, that should be negotiated soon.
Interoil shares are locked in until June this year (was worth 400k)
Overheads are at very low with cut wages to preserve cash.
Chadster -
RE:-
Gonna give them a call next week.
Will ask about the acquisition in consideration
Did you call them this week ?
Christ - you can’t even get sarcastic humour right.
It wasn't a prediction. Anything short would only keep the lights on. My guess it would be far shy of £5M. But as I pointed out before . 5% stake in Santa Cruz will cover the broadband and phone bills.
My house is worth just shy of the MCap value and I don't need a CEO to run it. Even though the wife thinks she is one.
The resolutions will not affect me in anyway but you Helicks2 it will more than likely devalue you holdings along with many others. Which will be one of the 1st acts of the new (neer 4 months) CEO (yet to say hello)
Another Friday close of play RNS?
Mind put the bin out
And yet... here you still are, poking the bear.
You don't even know what's being voted on on the 12th. Still feeling confident of your £5m raise prediction? Still confident with your claims of ECHO harboring £10m of debt post-deleveraging - still un-sure of how to correctly calculate the market cap of ECHO?
lol - you're the biggest joke on here. full of the FUD.
Do you guys take it in turns to fill the kettle in the morning?
It saddens me to think this is as good as you can give.
Time is running out here as is the cash. (not mine).
LOL
As expected - more tripe :-))
Can this be right - a day without dropping? My £7.42 is safe till tomorrow at least.
I would respond to this but i'd like to see ranger post about them first to see if he actually is as 'on the ball' as he claims he is.
Will give it a day or two to post the resolutions in the event he doesn't post about it.
Ignore my ignorance but what are the 2 resolutions please
Hey that's true lol
Don't poke the wee bear, otherwise he'll start banging his drum again lol
With a keen eye for all things technical re ECHO i'm sure ranger's all over these resolutions...
Thanks Chadster for your helpful advice - contacted my broker & got sent the resolutions to vote on.
Votes now cast - nothing at all to fear with the GM update imo.
Helx2
Received the letter from broker today, I’ve requested my broker to appoint the Chairman of the meeting or another corporate representative to vote on my behalf.
There’s 2 resolutions to vote for, I’m sure your broker will know about it.
I have never attended a GM so couldn’t really tell you the proces.
Helx2
Contact your broker and they will submit on your behalf.
Hey Chadster - could I please ask you for a steer on how to submit your 'vote' - is this not undertaken in person at the GM on the 12th? Couldn't find on the webpage / RNS how you do this / if it's open to all holders or just the 3%+ club.
Lets all listen to the negative posters here (lol), because they know everything there is to know about the FUTURE of #ECHO and where it is heading !!
Lets not put any faith into the new CEO with a proven track record !!
Lets focus on the past and stay rooted & fixated on the doom & gloom of others and their personal issues here ..
Those who are listening to the same old tripe of others trying to dissuade really need to give their heads a wobble !!
Go with your own gut feelings, DYOR, and stay patient, this turnaround will take time..
ATB (genuine) Investors :-))))