The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Abzzba, what is yuor bases on 2024 being a good year? weve only just entered 2023.
Echo will need serious investent for it to achieve anywhere were it needs to be for most of us LTH'S to get our money back.
The irony is ive made more in crpto in 10 months then i have made in echo in 9 years....
Im currently 99.4% down, slghlty more now with this drop. I will never invest any more money in this share and will have to ride it out until the end. My shares are almost worthless.
I count myslef lucky in a way as i didnt invetst all my money in this company but nearly did , I know of a few that have invested £25k+ in this company so there losses will be just as great.
We will need something matriel so get this SP back up to where it needs to be. They can start with the Campo drill as that did seem promising.
Good to see progress but it will take something like campo drill find to get this share going again. I said in a previous post there will do a share consolidaton to make this look more attractive but then will possible do a rinse and repeat. Im staying in a little longer then making a decsion as this is just bumbling along now with no upward trend on the cards.
There probably doing to to stop this company going into the ground. they have an active inteerest in this too.
company value has halfed since the new shares have been in issue.
could be a good appointment abd maybe a in a future Andina could take a majority share .
either way we have a long way to go.
Cornsland i feel your pain too. This has been an expensive lesson for me too. I m 37 now and bought my first shares in IRG i think when i was 28/29.
I actaully work in oil and thats what first attraced me to IRG. Greg the old ceo wasnt a bad chap but lost his way. They had that italin assett that could have made alot of money.
I also remeber the day echo annouced its takeover, this share went up 700% in one day. that was the time i should have sold out as i was actaully in profit a couple of grand ! However i believed the crap about the golden tickets and that this share could make us alot of money..... it didn't.
I would regualry speak with fiona and i had no idea that she really didnt know what she was doing blowing £25million in the back ground on this tapi aike project that was a bag of ****e.
I have also spoken to martin numerous times and i do think he knows whats he is doing but he has come in the project that is not going to recover to the heights it could have gone.
I agree a share consoldidation will come i reckon back to 500 million in circulation. That wil make the sp look more attractive. but then rinse and repeat on the shares being issues down the line.
honestly im so fed up with this share. I know of someone that put his pension in here and has lost much more than me.
These people really dont understand how it affects the normal working class. we invest in good faith only to be let down.
its such a shame to see as this company could have done really well.
My average is 1.27. bought my average down from 14p. I can tell you know i will not be buying anymore shares in this company as im better off flsuhing the money down the toilet.
to give you an idea of how long it will take for you to get your money back, Ive been in the share so long that i met my partner, got married to her, had two kids who are now 5 & 7, bought a house, had 3 different cars.
Honestly write the off or cut your loses.
Im staying in for a bit longer then possily selling up. Might use the money i make on a family day out to alton towers as that 's what will be probably left by the time this share finishes what it is doing.
quick return..... iv ebeen in IRG/ECHO for 9 years..... Think ive waited paitently enough.
Whilst your comments are valid its the cause of ther previous ceo that has put echo in its place. if MH had that money to begin and we invested wisely then i do believe we would ahave been in a much stronger postion.
howver we are not and have 5.5 billion shares to prove it.
Dont get me wrong as a business model its not dong too bad, howver the LTH's have paid the price for this.
The board arent intersted in shareholder vlaue. this is now a lifestyle company.
Honestly im so disspointed in how this company has turned out.
orignally 360 million shares in issues and once vlaued at £80 million. several years down the line we have 5.5 billion shares and are worth £8million..... 90% drop, incredible.
For a long time i was very upbeat on echo but my patience with them is on thin ice.
the actual echo project is not a bad one, its just shows how bad the company was run originally and the £25million that was spent was wasted. Fiona and the team literally did a woolf of wall street and blew it on high risk, high reward projects.
Us long term holders now foot the bill with delays and "share holder value crap ". since martin took over the sp has gone from around 4.5p down to 0.14p..... share holder value my ****!
no chance are they goign to take us over. they were off loading shares beginning part of the year. wouldnt suprise me if they do the same again.
5billion share sin isuse now but hey ho at least echo is valued at 13 million which we havent seen in a while.
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.