Member Info for mcfcnige

Next RNS will be LO below 3%

I have said this a few times but , there is a possibility that they could sell a big chunk to a new holder if someone new wants in?
Both parties would probably get a better price than on the open market?

It’s just dropped so maybe another chunk sold?

Maybe the meeting needs to happen before they can progress any new project?

Is this saying that the cash balance is £100000?

“As at 17 April 2023, the Company's UK cash balances are less than £0.1m albeit the Company expects a revenue receipt net to Echo of approximately ARS$ 135 million (c.£0.5m) in Argentina on or around the end of April”

I think the next few weeks will be pivotal for Echo, the share price will be be very volatile and know one knows what will happen.
I would hope there is some kind of plan in place once LO are out to provide funds for working capital and a recovery in the share price?

LO will be out next week

52 mill buy went through earlier, that’s not a punt

It will be very interesting once they get to 10%, it wouldn’t surprise me if there was a block buy to get them out.

Thanks Ed,

If they decide to change the company name I have a suggestion

CorShell. :-)

Well done NY, your hard work is appreciated.
With that info it shows that these sp levels are ridiculous.

Once the sp settles, it could turn quickly, just need LO out.

With the speed the share price has fallen, it wouldn’t surprise me if there was something going on behind the scenes and we get another RNS soon.

Ranger, you were right all along.
It’s very strange what’s gone on here, I wonder if there will be a block buyer for there remaining 5 or 10%

I think there has been another chuck unloaded.
Sp has just dropped further

SK said we were looking at weeks rather than months, let’s see what the next few weeks brings.
With the meeting next week, I would think the news flow starts soon.
Debt is only around 10% of market cap.

Hi Ed,
Good post, thank you for explaining it.
SK did joke that they didn’t want to be the next Exxon:-)
The new Shell will be just fine:-)

Hi Ed,
Thanks for explaining, let’s hope it’s at the higher end :-)
After suspension, does this type of transaction normally result in positive gains for existing shareholders?
You think if this new person has been brought in, it will be to finance decent size projects?

Thanks Nige

Hi Ed,
What are the implications of an RTO?
Would trading be suspended for a period of time?

Thanks Ed,
I must be honest, I thought we would have heard something by now on other projects.
SK mentioned a presentation for the end of March ?
Hopefully we hear something soon?

It looks like they are selling 2% per month