Malcy's comments20 May 2026 12:57
Overall the news here is better than expected, this is no formality but an educated decision based on subsurface work already done and as Gil Holzman says, it marks a significant advancement of the strategic relations with Navitas.
Navitas has moved swiftly into South Africa with big plans to explore, develop and produce and puts Eco into βan active and enhanced exploration modeβ. Work on the block has already started and will continue as well as analysing data from the wider region where there are a number of other assets and areas of interest.
This relationship goes from strength to strength, Eco gains cash, a strong and powerful operator and of course a highly valuable carry, exceptionally good news all round. The companyβs strategy of a material infrastructure developing across all its portfolio is happening in front of our very eyes. The partnership means that βwe are primed to leverage our combined expertise and resources to maximise our potential in the region and beyondβ.
It will come as no surprise that I am happy with this news and that ongoing flow of information to the market can only reinforce my target price of 150p and that despite impresive recent performance that there is....