Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
2000boepd (including gas and liquids)
5x 10x 20x less… whichever way you say it, The share price is around 5% of the 1.2p it was on 1st April 2021. It’s currently at around 0.06-7p.
Production from Argentina since then has kept around 2000bopd or there abouts. Echo’s Market cap as we all know is only £3.5m now. Not sure on the exact shares in issue then but the current SP seems like a bargain if the company an deliver on their intended path of growth.
The production figures for Santa Cruz during 2023, are almost on the way to being consistent with years 2021/22. With production uplift, finance restructured and The company’s SP and Market cap being at least 5-10 times less than it was a few years ago at any given point.
Wait a minute I’m just doing my maths.
Figures for Argentina production in March down from February but still significantly up from
January. Production is up compared to last year.
2023 will hopefully see increased production and with new increased gas prices Starting in May, any new wells coming online will be a welcome bonus.
Will be interesting to see what Lombard does.
Not how I see it Goza. Debt cleared mostly , remaining on 2% until 2032.
Production estimates 40% rise from last year and on top 65% increase on gas price…. More news to come with the 30 wells in to production. Reserves and production on the increase. No debt burdening Echo.
Also the £15m debt restructuring has been known about by the market for a very long while and also at 0.45p per share
harl won’t recieve all the £1.6b which I feel new investors or day traders may think.. the amount Harl will get is game changing none the least
Surprised this hasn’t opened higher. Production will increase near term, rig sorted and 3 wells in to production in 3 weeks with 27 to follow. 27% increase in gas production is good with current prices going forward
Yes and some of figures suggested for licensing as an example for NXP002 in comparison to other drugs
Were mouthwatering . Upfront payments if agreed pre clinical in comparison starting at £62m and then moving higher if it happened at phase 1 or 2.
The overall payments if licensed pre clinical come to £300m through to commercial, plus and if in to phase 1/2 …licensing agreement…looking at up to £1b and beyond.
Big money industry, big money revenue IF a success.
The webinar for me was extremely encouraging for NXP002 especially. The data collected so far shows a great increase in efficacy compared to current drug treatments. The bar charts clearly showed 100mg has an incredible reducing effect of the disease from data so far.
Nxp004 looks very promising also.
Do any long term holders know of any contracts in the pipeline for the businesses they have or are involved in ?
I know many Lths have been shafted , been there myself multiple times. Going forward i here mentioned that the business looks good going in to 2023. Looks like a good opportunity at these levels?
Been on my radar for a while and After research over the last few weeks, I have took a position this week around the 3.6p mark. I watched the presentation the other night before the United v Spurs game. I was impressed with the outlook. I will be staying for a long while
As I said before I won’t be letting go of any of my large holding. Too much happening here I feel in the coming weeks. Company have stated they will update us on the process of a target for an Rto in the next few weeks… could easily be next week. Investors positioning here now, many of us are keeping hold of these shares
For them to take this direction, sell the assets, they must believe this the best course to go down. The £500k agreed to Chesterfield in shares at 0.65p is a huge positive with the SP at these levels. Chesterfield you would think see an upside from there. There must have been forward discussions happening. We’re the company already in discussions with a company for an RTO and the assets sold were part of the discussions?
Well I won’t be selling a share until I see how this plays out with news on a RTO. The company have stated they plan to update within weeks, they’ve said they expect to move at speed towards a transaction to benefit all shareholders. If all positive then the SP will rocket.
The comments from the ceo from the last two RNSs
We have set about searching for a new target company and business to pursue as we repurpose Dukemount. This process will commence and be undertaken at speed and we hope to update the market soon on the next steps for Dukemount.
And believing they are well positioned for the immediate steps for a transaction and will update the market in the coming weeks
I sense something is already brewing but it’s only my instinct but it all sounds encouraging
Another good read Rodger, most famous RTO in history is mentioned….none other than Warren Buffets Berkshire Hathaway….. something like that wouldn’t be too bad lol
https://www.ig.com/uk/trading-strategies/what-is-a-reverse-takeover-and-how-does-it-work--190605.amp
https://www.davispolk.com/insights/client-update/fca-publishes-final-rules-spacs-listing-london
Maybe this will help Roger
I’ve thrown it in this morning fellow Ramblers. Here’s hoping for positive re financing news to see us through this dark tunnel we are going through. As Andy Dufresne says in Shawshank. Hope is a good thing, maybe the best of things and good things never die. Our mining hats are lighting the tunnel we are in.
I can see light at the end of the tunnel. Can you?
Costs big money to get everything set up but once profits are shown to be continuous ….sustainable, paying any debt , All expenditures etc…. Once Ming gets to that state, guaranteed the SP will fly…. We may be around the corner from being fully funded and to be honest if we can then use profits to re invest in to other assets…. Great