Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Or we may be producing less. which is all speculation built on the luck of communication. "
It's not really speculation though - it's going on the updates from our partners in Interoil. You can look at their figures and see that it has been decreasing month on month. It's true that they have other Argentinian interests so that could affect their numbers also , but given ECHO is so woeful at communicating we have nothing else to go on
The part about updates said the following,
"We take our disclosure requirements very seriously, and we keep the market updated as often as we can via RNS. You will know that there are strict regulatory requirements about what can constitute an RNS. The information has to be deemed market sensitive and that threshold has elevated as our market capitalisation has grown over the last year. We absolutely understand, of course, that investors are always keen to see updates so we do try and balance that interest with our disclosure thresholds. Please rest assured that wherever there is material news with which to update you, we shall do so."
I responded that given the market cap has halved since April maybe that RNS threshold has decreased again ;)
Just noticed a new investor presentation - FINALLY!
https://www.echoenergyplc.com/media/1525/2021-q3_investor_presentation_web.pdf
I emailed MH and Stuart Vernon (governance) yesterday asking for some sort of update on PR / communication... As when I emailed in February about PR/communication MH mentioned that an Investor Presentation would be released "soon". They didn't response to my follow up mail in February and as expected they didn't respond yesterday.
I think they have a disdain for shareholders...
I noticed ECHO filed this resolution yesterday from the AGM , perhaps an indication of the next news to come?!
https://find-and-update.company-information.service.gov.uk/company/05483127/filing-history
You are overthinking... the share price is just drifting on lack of news / PR / clarity, primarily due to atrocious communication from management. We should have at least a high level view of a plan (short/medium/long term) for turning on production / workovers / testing / exploration.