Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Shalamar, just wondering why this will open up once 10.5 hit? I seen countless similar posts when we "broke" 10p ask?
I'm invtested so hope you're right but we've been at these levels for some time now so not sure why it'd be "held" for so long
https://finance.yahoo.com/quote/ECHO.L/history/?guccounter=1
Have a look at the history of the share.
It changed and shot up to 18p on updated news when the share started attracting wider attention. People have slowly moved out since these days knowing that this was the ceiling.
The only thing that is concerning is FM jumping ship and the delays to results / sells prior to news dropping. No wonder she gave up her options when she left.
Why would I deramp something I'm invested in? We had a drastic rise in price in March 2017, roughly 400% before the consolidation, so not that long ago.
It had risen on the result of news of the acquisition of these licences. From experience, the price reflected the potential upside of these wells and would rise again on confirmed discovery. Unfortunately, no discovery and the price removes the upside drastically. What value should we be at, considering we're 500% up prior to these licences being granted?
Love the optimism Egg, but can you provide details of how this is under water? Some of us are LTH and, prior to the 25/1 consolidation of shares, the price was circa 1p. On the back end of the some licences and optimistic RNS', we're now circa 5p. Decent results at TA should see a further rise, but can imagine this has been partially reflected in the current % increase from the 1p days.
June 2018 - “Preliminary wireline log evaluation has now been completed, and a very significant hydrocarbon column has been interpreted between 1722m and 2220m in the Tobifera Formation.”
CEO, after constant quotes of supporting this, leaves.
EMS then coincidentally delayed 4 weeks around the same time.
Results come in.. 500m well of discovery is now a 4m well of water
Hmmmmm
“Preliminary wireline log evaluation has now been completed, and a very significant hydrocarbon column has been interpreted between 1722m and 2220m in the Tobifera Formation.”
Quoted from June 2018 RNS. Proof that LSE is purely a gamble and nothing else.
Very quiet and steady SP over the last month. It's been a month since they started stimulation on EMS. Has anyone seen any estimated timeframes for this to be completed? Surely must be due news soon or at least some sort of update?
@robdouglas - It was mainly aimed at the trolls on twitter and the people not happy with no news this morning, even though realistically we shouldn't expect any. Nothing against your comment re DS, and grateful for genuine updates.
The last update (see placing RNS) - "We hope to be in a position to announce initial results on the Djeno before the end of this month"
Since then, drilling has been slowed down due to pressure (according to a Whatsapp from DS!). So hold tight for now.
Heads up as seems some people need reminding.. anything on here except for an RNS is all a matter on opinion. An email on twitter can be very easily photoshopped. Seems excessive but some people don't have anything other to do than troll.
A lot of people were expecting big news this morning despite the company clearly stating 25th is the target date, and since then (if believed) have emailed saying there is pressure in the horizon so they have slowed down.
If all these buys have taken soo long, how do we expect the price to fly on positive news? Or are we only unable to buy prior to good news? O_o
No problem. IMO, assuming there'll be an update 7am tomorrow.
Just like to put on record I am not OilAndy on Twitter :) (who seems to be getting a lot of stick!)
Egg - I assume you're the same Eggy saying news at 3pm? is this news at 3pm sometime this year? Just wondering if you can use this source again to clear up the latest. Thanks
Deleted. What did it say and who posted it?
Missed the flight on Flybe a few days back, should have jumped in when it nose dived
Just letting you know I haven't yet sold my 1.2m position that I recently acquired. Just thought I'd let you all know for self comfort.
Being quoted 10.1 to sell on HL