RE: Am I missing something here ..31 Aug 2021 14:58
Same here. Market in general seems bizzairly quiet at the moment. Several of my stocks seem largely ignored despite major news pending. My guess is it's a combination of the summer doldrums with market participants on vacation and retail cash focused on altcoins and a few uber popular stocks. It's astonishing how WTE and ECO located next to the hottest exploration zip code on the planet remain stagnant whilst some other oil stocks have soared and on very little in some cases.
As far as ECO goes, Guyana is going from strength to strength and the company has more exposure than ever, Namibia is about to see its first drilling in years, and by majors this time, and ECO is not far off the 17p level it listed at on the LSE 4 years ago with the main 20% shareholder happy to back-stop the company at a premium SP of 24p.
Investments like this are never a straight line, but this has exceptional multi-legged potential for gigantic upside and patience here should be richly rewarded. IMO, ECO is a buy at this price, at buy if Sapote is a discovery and a buy if Sapote is a duster, just a different prices. Why? Because at some point I fully expect this to be many multiples of the current SP, I just can't say when and exactly how we will get there, but I'm more than happy to hold a good chunk and add as the story unfolds.
GLALTH