RE: Time to all work together... and blow this short up07 Apr 2021 19:13
I have to admit I’m a bit worried - I was in NMC a FTSE 100 co and when the shooters came and shot it down from £20 to £4 I thought it jd to bounce, turns out they knew the books were off and coming went bust - I don’t think echo is in that space but why would you take a short of that size unless you had info???
Very sad day ! Honestly thought the Q&A would be preceded by an upbeat RNS- then for Martin to give away anything other than “ we are tied to oil prices” is very disappointing and the market also thinks so. I do hope they crack on and get moving on the prospects as can’t be back in this place in 4 years time as the world will be going ever more green.
Have left a big slug in here and also popped a lump into trinity as it is lowest cost per barrel of production and cash in the bank GLA
That’s right although looks like The market didn’t like the update - I’m lucky enough I have got in very low so will pop some into Trinity to try nd get a bigger pot and come back in here later - whilst j think wi go below the dreaded 1p again it’s hopefully short lived and we will Get that re-rate we are long overdue! Gla
MM aren’t stupid -spook a few with a drop, mop up the shares then flog em back at higher prices later in the day - it will be choppy until about 11am, then stabilise with a claims back to 1.40 by noon! After the Q&A then who knows, significant climb hopefully