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could not agree more.
granted he has steady the ship, in Fiona's care we would have probably hit an iceberg and sank by now so i will give him that.
for me its seeing the results now. these next round of negotiations will demonstrate just how savvy MH is when dealing in contracts.
if he pulls it off then fair play and lets watch the sp rise, if he doesn't then are we still to stumble along like we have been for the last few years?
i think weve all said it before, once these as contract are announced this should the sp in the right direction.
the new prices alone will add +£millions to our bank balance per annum and hopefully at sustainable levels going further forward.
1p should be long gone in my opinion which this extra money and enough to focus on the workovers to further increase production.
Was juts going through so old rns's and had to read this one again for humor.
https://www.lse.co.uk/rns/ECHO/board-changesinvestmentopen-offer-name-change-og08jb80pljg7lc.html
i remember that day when the sp went up over 700% in one day.
The irony is that before they took over the sp was 0.65.... 5 years later we are below that.... over £25 million spent on projects during that time which we are now in debt for.
You have to ask yourself was the last 5 years really worth it?
I think there basically doing a time with the team in person so nothing is recorded on the online portal they normally do.
its being held at the slug and lettuce so nothing to get excited about.
Highly unlikely an rns will be out today by the looks of it as what else will they discuss there that we don't already know.
Just listened to that interview.
So they way i heard it was the "solar Project" might now be a dead duck as they shift there focus on santa cruz again.
I get why there doing that but all that money that was raise for the project was indeed a waste of time if its not actually spent on it..... what was the point? our sp was diluted further because of it.
Hopefully we get that spike on the gas contracts so i can finally get out of this sh8t show.
Hopefully the deals they negotiate are decent enough. if there good enough the sp should react in a positive way.
I'm just intrigued why they are doing another investor presentation tomorrow. something must of changed from the last game plan they sent out last year.
Its an opinion thats been right quite a few times. the likes of him and that malcy chap are paid to promote companies. If you believe the site they spout your better off listening to the rampers on here, they all talk bllocks.
Agree with you Chab.
Martin told me about the reason for the hold up on CL last year, I've posted it on here several times so its not new news.
the new gas contracts will no doubt double or even treble the revenue for echo so that will certainly help. In my mind there better off selling the asset in Bolivia and using that money to pay off the debt. We know they have interest in that area so in my mind it would make sense to sell it and whatever we recoup pay a chunk off the debt. There is no way we will ever have the funds to finance it so lets cash in and put that money to good use.
i haven't bought anymore, need 1.27 to break even and i believe with the contract news we will get this figure will be achieved. used to have such hype for this company when it first started. thought it would do really well... how wrong was i. want to put the money i have in here to better use.
its about time we see this move back to a realistic target. new gas and oil contracts alone would double even triple the revenue echo are receiving currently.
Been in here too long now so looking for an exit spike, hopefully that will be soon.
I haven't accused anyone. Iike i sad I I thnk.... that's not accusing anyone.
If I offended eaststocks then I apologies, it looks to me the only one offended is you which juts shows me you like to be in the limelight.
And to answer your question no I am not a police officer. I actually work in the oil industry and sell alot of it.
interesting rns for Coro today regarding opening up there Italian portfolio due to gas prices hitting a 700% increase in 12 months there. that will generate an extra $5 million free cash flow per annum.
I wonder if we will something similar reported here soon?
They did suggest oil prices could hit $150 and I firmly believe we are going to do that. In the last 5 days alone we have seen a 30ppl increase on the fuel price.
Boats with any Russian links are being turned away from the uk which has proven fun for me this last 2 weeks.
my advice for anyone living in the uk is to keep your cars/fleet top up.
oil touching $95 so looking strong. The problem we have is they will be working off a monthly average so it does take time to catch up. Also if they have fixed contracts in lace for oil how much are we actually selling it for?
Figures for January give us some confidence although these can change.
If we are producing more we will be making more profit, but we need to see the numbers!
I haven't spoken to Martin in a while. Martin and JP have not replied to my email so looks like they are in total shutdown to us mere mortals.