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I'd be very surprised if we don't see the mid 20s in the next week or two. New money is looking to take decent sized positions in Echo.

This looks like the start of the breakout we have been waiting for.
The fundamentals and technicals (charts) are in alignment and point to a significantly higher share price.

RNS out
RHA to be fully impaired in accounts.
Shares to be suspended!

Mr Roach strikes again.

I think the situation will be resolved very quickly. The Georgian economy is very reliant on the mining industry and the government is unlikely to want any disruption and loss of employment in the region.

EUA has a 35% share of revenue.
Production is scaling up and 221oz of raw platinum was produced in a single day this month.

ARGENTINA PESO FALLS 2.4% TO CLOSE AT RECORD 28.12/USD

Echo's revenue and cash holding is in dollars and operating/exploration costs are in pesos which will mean the company's funds will go a lot further!

I think we'll be trading in the 20s during the next few weeks. The market is starting to wake up to the enormous opportunity here

I think we could see a very strong breakout in the share price from here as fresh money looks to take a position in Echo after the excellent drilling results

I think whoever wanted to flip the shares after the placing would have sold by now

I'm surprised the share price isn't much higher after the last RNS.

"We are delighted that initial interpretation of our third well suggests a material and potentially transformational light oil column in the emerging Tobifera play of the basin, exceeding our high case expectations."

"Gross prospective unrisked oil initially in place for the structure on a Pmean basis is estimated at approximately 60 MMbbls (included in the recent Competent Person's Report produced by Gaffney Cline & Associates)." The high case p10 in the report is 117MMBBL so fantastic news if this is exceeded.

There's now way I'd consider selling at 15p. The RNS today is massive news for the company and the share price should be much higher. Look at what Malcy said!

I just saw Malcy's tweet: "Unable to write blog as no internet but this Echo find may need testing and it’s early days etc but even with some risk it could be a monster. Shares should have doubled imho."

Don't forget current production net to Echo is 1000BOEPD with 1/3 oil and 2/3 gas. Once the new wells at Fraccion C & D are put on to production it's going to be a hell of a lot higher which easily supports a much higher share price.

I'm certainly not selling. This is just the start of the re-rate. The company is worth far more given such good exploration success

Totally undervalued at the moment. It should easily re-rate to atleast 20p

I reckon the share price could double over the next week to the mid 20s on such a great RNS plus the company has already had good success on other drills

"We are delighted that initial interpretation of our third well suggests a material and potentially transformational light oil column in the emerging Tobifera play of the basin, exceeding our high case expectations. We can already consider results for this well to date to be very encouraging from a volumetric and value perspective." Note that Fiona says it exceeds our high case expectations. This is a huge well for ECHO!

BOOM. Fantastic news!

Yes, very positive presentation. I can imagine some investors will load up off the back of that at the currently depressed share price. It seems like a great buying opportunity at the moment with lots of newsflow to come. After all the share price is only down here because of the recent placing which was done for the right reasons as the company will save circa $7 million.

That's excellent news! It shows that they are very confident after the result of the flow test at the first workover and now want to start selling gas from Fraccion D as soon as possible.