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This might’ve been mentioned already - but surely Martin’s £500k salary and bonus is excessive?! What happened to the cost cutting!!??
How many shares did he buy with that? Oh yeah, same as the other directors in last few years, none….
Losses widening, cash dwindling and still people think Martin is doing a great job - i'm still waiting for something to be delivered rather than kicking cans down the road and fund raises... And I can see a cash raise in not too distant future.
Disruptor1664 - i said there wouldn't be any 100% rise on that day, and that alot of recent shareholders would look to capitalise on any gains... That is what appears to be happening as there has been alot of selling
"Commodity price strength, including the very material increases in gas price recently announced, combined with the more than doubling of oil production following the ongoing infrastructure upgrades, provide a markedly improved and positive outlook for shareholders.
This is a landmark moment for Echo and I am confident that we can now drive forward and reward shareholders in the future.""
Is there been any actual CONFIRMED work-over work being done? There were pipeline improvements discussed - i think there is out for procurement, but this was only to get us back to the same production output as previously?
"Was this post no good to u joelebeau"
I'll be honest, I can't really make sense of what you are asking!
Yajnas1, regarding CL - god knows... Last I heard from Martin on the topic they were deciding wether to do anything with CL or concentrate on work-overs... And that was nearly 2 months ago