Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I dont post much but still here and waiitng fin ther backgorund.
with the latest push on well production and enhancement i do feel we will see a push to the upside. People can say what they like about doom and gloom or its going to ten bag.
fact is the sp will do what it thinks echo is worth. with the news coming i can only see an upside IF the news is showing a postiive prodcution increase which is sustianble .
2023 should be a good year for echo and i only hope a positive one for all us shareholders. 1.27 is the magic numberfor me and i still beieve we will achieve this.
Have to say not a bad rns at all woth those figures.
Considering they have being doing uprgrades along the way, this is starting to show that production is in fact increasing. Be interesting to see next quater results as you would like to think these will surpass our current figures and get echo moving.
0.25 is the bottom, I do feel with good figures we can start climbing again.
Im not sure on thre contractors, i would assume they are paid in peso's.
As far as we are concnered for oil and gas sales, thats done in dollars.
the dollar is very strong at the moment so the exchange rate agaisn the pound would also look more ttracortve than it did 6 months ago.
if naything echo should be looking better.... finanically.
Just realised we are worth £5 million, forgot about those additional shares…..
We’re probably valued about right then, hate to say that but they have diluted the sh*t out of it for there own gain.
I’m just waiting for this proposed 40% increase and hopefully I can sell on the spike and get out of here once and for all.
Interesting read. What’s also interesting is the dollar against the pound ratio. As these were up to Junes figures, I’m guessing we may have closer to $1.5 million in the bank now (600k raised not included ). To think the company is only worth £3 million is laughable considering the debt restructuring and asset worth.
Surely a re-rate to around 0.40/0.50 would be more appropriate for the company’s asset worth now.
intersting to see this company has bought nearly a 5% share in us.
www.andinaplc.com
Our company is a local energy leader with two of the largest electricity utilities in terms of market share in Argentina.
Energy is our core business; we are involved in the distribution of electricity and regulated public services, we participate in the generation market by operating a hydroelectric power plant and now the company is focused on developing projects in renewable energy.
Results aren't really amazing yet they show promise that we are starting to head in a direction that might get this company back on track.
So much money wasted in interest and fees etc.
2023 is year they need to deliver
they better agree it as we have already converted the loan into shares.
Appreciated this looks a good deal on paper and it is, but for LTH's unless we buy more shares to average down were being shafted.
roll on the 40% production update and hopefully we ge a spike to i can finally get out of this sh*tshow.
https://www.***************************/echo-energy-receive-a-real-vote-of-confidence-from-lombard-video/4121077735
Whilst it’s a vote of confidence from the debt holders to convert and effectively slash our debt, we as shareholders get further diluted.
This is a mixture of positive and disappointing news depending on which part of the spectrum you sit.
Hopefully with the increase in production we will hit higher highs by year end.
I’m done with this share and looking forward to getting out
we are not down 10% so not sure what your looking at?
at least there providing an update on the program. Honestly people moan when there is no news then moan when they try an d provide an update, you cant win.
previous rns and this one has explained what they are doing and the time frame, you cant et much clearer than that unless you want them to draw a diagram.
to be fair ranger you have been correct.
However having no shares in the company makes me wonder why you bother at all posting?
each investor has made a decision to invest in echo for whatever reason they see fit.
Personally i will ride this out as i do see value here once production is ramped up. If we continue to get positive updates on this then there is no reason we cant see a rise, maybe even up to 1p.
It's ironic really that I've made more money in crypto this last month then i have in IRG/ECHO in the last 9 years but its all a learning curve.
Not sure if anyone is looking at crypto but Bitcoin, Ethereum and Solana are the ones to watch at the moment.
I have to agree that i feel echo is starting to sort itself out now from the bottom up.
Whilst I'm not happy with the current sp i don't believe this will go any lower then it currently is. if they can improve production in the time given by up to 40% then that will certainly help cash flow.
I used to be a big believer in this project, in the 9 years I've been invested in IRG/ECHO I've had two opportunities to leave with a decent profit only to get greedy and stay in for more.
Sitting on a paper loss like the majority, but i do believe i will get to my average which is still around 1.27. I still think we will get a spike when everything starts coming through.
its crazy to think i had two different plans for this money in the 9 years I've been invested. luckily i managed to do both plans without it so this is now a ride till the end.
I've seen posters come and go, I've spoken to Greg, Fiona, James and martin numerous times to understand more about the business. Its crazy to think it EMS was a success we would not be hear right now, most of us would probably be very well off it fact lol.
Rather than bickering here between ourselves the best thing to do it either sell up or ride this out. Ill be riding this out until i feel in a position that its run its course.
I wish all of us good luck and hopefully by the end of the year we will see a much healthier inpat on the sp
Good listen. if MH and the team can honor this project then we should see a good improvement going forward. happy to hold for the meantime. hopefully the sp by Christmas will look better than in currently is.
https://www.***************************/echo-energy-deliver-strong-quarter-of-production-with-plan-to-increase-further-video/4121071641