Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just gotta let the man cook...
21st February 2024
The company is pleased to announce that the enhanced payment for the DaaP of circa $4.5 million has been approved by the buyer. The exact amount will be decided at the time of distribution. The DaaP deal funds distribution will swiftly follow the license fee distribution. Shareholders are reminded that two separate payments will take place as notified before.
The company acknowledges the extended time frame that this process is taking however we are striving to complete all aspects as soon as possible. We would like to thank our valued shareholders for their continued support and patience.
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.
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.
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.
Lol what a pathetic attempt at a guilt trip - maybe you should spend less time moping / whinging on here and go do some charity work if you’re so keen to lecture others on what they should do with their money. Ffs you’re an absolute joke pal.
Um - how about, a clean slate for the business - 95% away from a failing asset + it’s related debt, a new, experienced ceo at the helm who is now 100% dedicated to echo. A share price at all time lows (attractive entry point for those with an appetite for risk) and already a few small raises taken care of.
Once the vision is shared (& hopefully it’s a good one) then this should fly. But I guess none of that is relevant to you?
Ranger - do you operate with only one eye & one ear open? Of course they need will need to raise cash to do anything meaningful. Would really appreciate it if you could put a pin in all the open-ended fear-stoking that seems to have become your MO. I’m sure we’ll be shared the details of the new plan soon.
Where’d on earth did you get the £5m from..? Think you’re getting ahead of yourself with your typically negative prediction. No one’s going to be on board with raising money / diluting holdings without any idea as to what the cash will be used for - they need to at the very least update the larger shareholders with the game plan.
I think we just need a steer as to the plan - don’t have an issue with raising money - we need to at this point - but what is the proposed direction? What do we want the money for & what’s the strategic direction?
Probably girdz & helx 1 (except of course they don't have that kind of money).
I think there's big money (5x +) to be made with a little patience here - depending on what news we get this could go far north of that - will be very interesting to see what type of project & location they decide to focus on.