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I did say my last post was yesterday but had to comment on this.
CDF- I think you’re looking at something on the website that has been there for a while. I don’t think
Echo will be looking in Argentina for prospects with the rate of inflation so high.
They are looking a new different projects. In my opinion chasing oil and gas requires a lot of money and not always a success as we have seen in the past.
Let’s see what they announce soon.
All the best,
i’m only posting as i can see there is unease at the moment with a sell off. like i said i had a good call with steve and there are reasons he hasn’t reached out yet. one because there is no news to say until they announce the new way forward. he will reach out soon as he wants to show what he can bring to the table. he specialises in getting companies out of the **** and back to a working business. he has so far stabilised echo and nos we await news on the new way forward.
i don’t think you will hear from chadster as i’m assuming he had a similar call to the one i had.
this will be my last post for a while… best of luck to all of us!
Muzzar - I had a good chat with steve ceo the other week. From the conversation i had i felt encourgaed that echo could be heading into a new direction with a new plan. Im about 95% down myself but have bought my avergae down well over the last year. I hope at some point that i can regain some of this money back but time will tell.
Its my belief we will hear something soon ( may ) about the next path for echo.
The change is left field and not what you think.
Personally I think change is good and moving into new territory could be what is needed.
What I like about Steve is he is here to sort out the mess and turn the business around. I hope he can do it, the foundations are being laid so far.
Ranger - to be fair he was very brutal and frank with the state of the company.
Safe to say if he didn’t take over and refinance then echo would not be here now, that’s how close it was.
Regarding the new projects, it seems echo are heading in a new different direction…
All I’ll say is give this guy a chance, this could well turn around yet. No golden tickets but a steady business making a profit, that’s what I hope to see.
I cant confirm but I would expect to hear something in the next four weeks.
I won’t comment on the conversation as I have done so in the past and have been criticised for it. if you want to know more I suggest you reach out to him or contact the generic email address for echo.
Overall my optimism for this company has gone from negative to positive. Fresh approach looks to be coming finally.
I had a positive call with Steve today. The guy is a no- nonsense to the point man. Like what i heard and feel the direction of the company could be changing soon. Seems to know his stuff and very different to Fiona and Martin.
Very approachable guy.
Looking forward to updates soon on upcoming projects.
These generals mean nothing, we do not have £25m in
Tangible assets for a start.
We need news on what’s going on, 6 months+ now and nothing, no direction just plodding forward with nothing but a 5% interest in an asset that generates hardly and profit.
Literally what the f*ck are they doing to justify any salaries?
Can we have an update echo is it an echo in the building as no one is home from what I see…
Just out of interest has anyone spoken with the directors recently and can share any feedback. I tried to reach out to steve but did not get a response. I haven't bothered calling martin as hes not ceo anymore. seems to have gone very quite here but wasn't sure if anyone had any contact?
I know chadster has and since then has gone quite., i would assume he has been advised this like i was along time ago but ignored there wishes.
Something needs to be announced soon. 6 months ago they said they were looking at multiple deals . It doesn't take that long to negotiate a small deal and get it over the line. Im assuming they have the finance in place... say something echo.. were all getting bored now!
If anyone wants a laugh look at these predicted sp forecast. would be minted if that ever happened lol.
https://valueinvesting.io/ECHO.L/estimates
https://walletinvestor.com/lse-stock-forecast/echo-stock-prediction
Best advice I can give you s don’t hang around when a spike comes otherwise you will be trapped line I was.
I will still take a hit on my money but it won’t be as bad as it could have been.
My original average was 14p!
I know of a guy on here that had a million shares at 10p, think he sold out around 6-8p otherwise I’d 100k investment would be worth around £40 now.
I’m telling you one don’t always believe what you see and read on here. Trust me on that.
Luckily I’ve made my money back on this loss so if I can claw any back on a spike than that will do.
I won’t be invested any longer than I need to be in heat as there all broken promises eventually
That’s the third adviser in a year.
I do also think there lining up for news as they look set to announce something.
Ive stupidly averaged down further from 0.103 to 0.054 so any spike up will help me claw back some money from this sh*t show of a company.
A spike will happen, always does on a positive rns. I’ll be taking that opportunity to recoup what I can.
Sitting just under the radar now, think that’s enough shares for me.
Gone a bit quite here?
News must be due soon, I reckon next week or after the financial year.
Chadster you’ve gone quite, I’m assuming the CEO has had a good chat with you hence why your not saying much now.