Member Info for chablard

As we slip back into the red, it's not the kind of news to move markets. It boils down to the bottom line. Deals and cash.
That's the only thing that'll drag this out of the doldrums.
And those deals have to be strong enough to absorb the tens of millions of shares held by our three main sellers.
Like it or not.
ATB

24th Feb
"Oil sales to date in 2021 have totalled 17,600 bbls net to Echo."
8 weeks
So 2200 approx bbls/ week, or approx 300/ day

This is just a tiny step forward on a very long journey.

Think it's probably Chorlton as he has shown he's been willing to sell at these prices, whereas DT tends to wait for any rises in the sp to sell into.
ATB

Malkies, are you tell porkies?

Wow Aberdeen you sound just like me ;-()
ATB

"It's worth noting that if the EUR20 million is deferred to 2025 it will free up EUR1.6 million per annum (EUR400K per quarter) to spend on getting CL and other projects etc. moving."
It only frees up the above sums if it has the cash in the first place. By calling for a deferment it's obvious they can't cover the payments atm.

That's my fear aj, but like everyone here we can just hope she's been working her stockings off to secure something tangible.
ATB

"As a result, agreements are now in place for the restructuring of all of the Company's existing debts to defer all cash interest payments until March 2021."

Obviously echo were/are not in a position to fulfil this obligation, but do the bond holders want to foreclose?. I think not.

Everyone appears to be expecting great revelations from Ann in the next rns.
It could be just a repetition of previous ones that state ongoing talks are still going on and we hope for this and we hope for that.
Any major announcement is not a forgone conclusion it's worth remembering.
ATB

Just reaction to another jam tomorrow rns, pure and simple.

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Dry and sunny here in the Highlands. How's the garden coming Bob.?

Deejay. You should know better than not to say everything is a bed of roses here. "Great company, with a great ceo and news for sure next week".
I've been ****ged off for 18 months now for not towing the bb line. Water off a ducks back.
ATB

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Without news soon this will be in the .5's

Yeah , not a great day across the board, although RR has been on the up recently.

What you don't seem to understand Jay is that it doesn't help to just filter you because your bl@@dy heyho is there on every reply to others even though it relates in no way to the subject being discussed.
Really irritating.

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History tells us that we have several large share holders ( ex board members etc) that could sell and have sold in the past.
So to think DC is the only fly in the ointment would be wrong imo.
We have seen DT and CPI sell millions, and they also still hold millions.
It is imo these three that will sell into any rise .
ATB