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All human activities are not green. Zero externalities are the target if we are to be green. From energy industries to mushroom growers the rate of externalities is there for any one to see.
For the time being there is no obvious solution to getting green energy even if we are going to slow mother earth to get power. Mother earth has to find a way to cope with us or reject us.
I guess the only solution is to reduce the number of people on this planet till we found a similar one to move to.
Any way, by the look of it, mother nature is going to do it for us. Heat, Storms, food scarcity, fires, diseases, you name it.
I guess mother nature always wins. 1/2 billion people on this planet is optimal. We are 7 billions at the moment. Long way down.
This board used to be very conservative round 0.7p before the big spike. Now we have only the spiked and trapped ones with a new management who don't know what to look for. Der is gold in dem dem der hills or what?
what will be the raise price?
In mining in general drilling is to assess resources; gas, petrol, coper, gold you name it..
In diamond mining drilling is to locate the Kimberlite.
diamonds are formed 100 -200 km or more under ground. so if there are surface diamonds there must be a Kimberlite somewhere close. some diamonds on the surface must have being carried away by water.
In short: there are no diamonds without a Kimberlite 'deep volcanic tube that carried diamonds to surface'.
If there is a partner as CEO said then they will not accept sp discount unless it is for them. I can't see a good partner starting by doing that. They can supply some cash for management as a part of the deal.
Don't wait for the discount. we are already there.
I guess a raise when it comes it will be for managerial needs ~£500000 not more at a significant premium. the main spend will come from the likely partner to finish work to drill.
A partnership prevent easy entry to other competitors if spending need other sources of finance.
The know they can't buy GBP in open market as the price will rocket after buying the first 10% stock.
the current sp price is not indicator of GBP value.
With GBP mcap of 1.7 millions, a jv is more likely. Hold tight price won't fall sharp as some are expecting.
The need is not for large cash sum but expertise as well, drilling in these levels need skills.
GBP has to act now. No more waiting.
After the solar energy project it is time now for echo to go fully green in Colombia, as the coca prices drop, the land to grow caca also drops, hence echo can now grab cheap land and plant it coca. 'green' as it should be at least we get our share of the staff for free. Go on echo??
No chance eco would buy gbp as eco itself need a farm in. With Exon mobile in the north west deep waters, It is likely they would farm in gbp to reduce risk as gbp licence is next to their licence with less depth. eco could have a farm in with the same company.
In the Walvis Basin gbp is the most attractive as it reduces risk for deeper waters. 2.7 B is worth a farm in especially for our deep water major neighbour in the north west. If farm in is in sight cash raise could wait.
I think they should collect them and send them to prison for using inside info. They are the bunch from within stock exchange. The ones usually manipulate the sp for their favor.
Seen this before.
new investor invest at 1.25 pump pump and sell at 5 they made some cash.
the cash will be used to raise again at a lower price 0.5p may be.
boss has a rich and ready to invest friend.
even if it will make a success story after few years it will be in the hands of the financier.
with 3.5m loss this one has to raise again and again till they find a huge contract to save them.
if you are short on cash keep away.
The problem with echo is :
the managers are not field people: sitting in London office and call contractors from time to time is not going to generate any good results. I worked with contractors myself and if you are not standing by them and observing each bit they will magnify everything to eat out your budget with no results. echo will do the same with the new venture as well. the problem is in management.
How many time they need to raise cash before we can see any results? countless.
It will be dilution after dilution till the end.
Are we going to move north or what?
God lord, CEOs have no shame at all issuing new shares let alone those warrants and options a bonuses for themselves and their staff. We are just a punch bag for them.
6th tranche already? it reminds me of the ww1 tranches. How many of them we have to cross to be safe?
Thank you JONNO100.
here is one of their podcasts
https://www.google.com/search?q=Rio+tinto+graphene&rlz=1C1CHBF_en-GBGB951GB951&oq=Rio+tinto+graphene&aqs=chrome..69i57j0i390i650l4.5756j0j15&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:62680b31,vid:cSOGy3yi8a4
Graphene days are coming
MMs are playing a dirty game in here: selling to the public at 2.30 for £5000 and selling to themselves $14 and $5 at 2.00.
it does not make sense except if they want to show a flat graph and delay sp recovery.
The small trades are sp graph manipulation as they have no economic value in them.
Hold tight. don't sell your tickets.
The last share jump was not without news as some are thinking.
1) management change and we are waiting for the new action plan as promised
2) they already raised enough cash
3) the successful trial of the cement additive graphene with a major concrete producer, 17 May RNS.
you can just imagine when they receive the first order from this company or they decide to buy the whole business.
graphene does reduce the use of cement by 20% and reduce the carbon foot print by a major step as it will be required by law for global warming reduction policies.
Volume traded today 1.3% of share capital. Reduced volume is a good sign of a turning point may be tomorrow or after.
Vol Sold 1,653,846
Vol Bought 1,859,313
Zak Mir target of 4p may be realistic without news.
News of contract or ... the price could shout to a next level >10p