Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We did have the argument about the cost of setting up an AIM company from scratch and buying an almost defunked one n the cheap. Is £10M cheap? i've no idea on that but the bad smell of the past will linger. Being owned by an Investment group or bank can be very problematic when it comes to CapEx and taking on new ventures. The CEO seems isolated here being more or less on his own.
LOK: ECHO plc had the Market Cap at £580,000 / 100 = £5,800
It's Now showing the Market Cap at £557,920 which is 100% so 1% is now £5,879.20 Current 11.30am today also down -10.34%.
The debt figure and the cash in the bank is roughly as nobody really knows but these figures are on the net.
Just depends where you get your Market Cap figure from
1% is 1%
YTD Echo is down 47% as it is MTD
If you held 1% last month you owned 1% of the company as well (in theory) 1% of its bebts and assets.
Now your 1% is worth 47% less but you still own 1% of the debts and assets.
I'm sure an investment bank knows this, They buy and sell debt. We don't know their agenda but generally a PIs is a gamble. so £9k or £5.8k The tumble drier is at work turning large volumes around with most hoping or gambling that this can't go any lower. I do get that.
It is an impelling watch.
Isn't 1% of the MCap £5,800?
Currently Debt is about £11M so in theory your buying 1% of that as well as 1% of any assets and cash in hand. Call it a round £10M (granted the assets are an unknown)
So for your £5,800ish your getting £100k of debt.
But you might be on a winner
Nothing to add really. His wife might miss the extra cash.
As for Echo he's not set the heather on fire since his arrival. We will wait and see what he pulls out of the hat.
But he might need to pass that same hat around to raise some cash to do anything as there's not much there to spend.
He's just been painfully quiet since his arrival. Pretty sure in the interview they would of asked how he was going to turn it around.
So that's why he's done nothing here since he to on the role of CEO back in Nov last year.
The SP on Google is down 11.11% is that a half Nelson? Do you English have to stand on one leg or something?
Praise be CDif is obsessed
Have to say ABZ was a far better adversary. Try and give me something of note to bite on.
Tell me what Echo is doing? Tell me what the CEO is doing or his plan is going forward.
Give me a reason Peel holds 14% of a near bankrupt company?
The topic is not me or some idea you have about me. Focus don't stare out of the window.
Mr Bang one of us is down 8% ish today. I'm having a slow morning catching up on the world woes.
I'm said that echo are doing anything (or saying I'm not sure they were truthful in what the did say they were doing) in ways exploration or production. At least there was something to pick over.
I don't know anything about you or you investment here, but I have always been upfront and honest about my only holding which was a tenners worth for about 2 months. Cost me £25 in fees but it was worth it so now I can say I was invested and was a shareholder and I did it to show guys like you the Bird.
Leaving the fees out of it I made a profit.
None of what I say is a carefully planned anything isn't it that obvious?
The SP has gone from(taking a figure you found in 2019) 5.7p to today because of negative posts that are put on a social chat board? I think not.
I wasn't defecting anything I was correcting and stating the facts.
Have you been around long enough to remember the other TR1s that have come and gone over the years? Similar chat was had then too. But still the SP and Echo's fortunes tumbled.
£200k would buy you how much of Echo by % Mr bang
Sound smart lol I got a no mention in English which is evident. I just employed others that could spell.
I did say my suggestion was odd. Out of the box thinking.
Large companies often but loss leaders to try things out on so if it goes south they don't look bad and it doesn't affect their credentials.
For me having a live system to learn and test things on that if you broke it it didn't really matter. It's called a test platform.
Again £50k is a basic engineers annual wage. And you can still off load it to the PIs once used. It's a TAX write off at worst.
An expert in finance and a medical professional. Wow way to go.
It's all in my posts. I only ever bought £10s worth of Echo Shares purely to stop EBZ saying I wasn't invested. The mad thing was I sold them at a profit.... Less the 2 x £12.50 fees. But I did it to quieten the noise some make in here.
So I'm a retired disabled guy with a wealth of hands on experience in OnG and owning and running companies as well as being an employee and a consultant.
I would like to look like the chap in the photo but I find it bazaar that someone would go to the lengths of basically trailing the internet to find me. Just ask if you are that possessed.
Being disabled I do have a lot of time on my hands so being on here breaks up my day.
Someone needs to be here to keep the children in check.
For all the wittering that goes on in here there is not a lot of reality written. Plenty wishful thinking.
Most of you guys are just gambling addicts that only talk about jam tomorrow. You know nothing on running a company let alone oil and gas exploration or recovery.
So until spring arrives or my next trip abroad (60 days) which ever comes 1st your stuck with me.
2019 the SP was 5.7 whole pence Wow. 0.006p today
How many shares were in circulation back then?
I was thinking back then I was a divorcee too. Wasn't an England fan then either
Underabs55
Echo Energy BB not Tik Tok.
Focus
see this is a childish as it gets. so muppet post a photo of a complete stranger and you feel the need to poke fun at him because to you he is a comfortable size. now the chap may be sitting in a wheelchair at his wedding enjoying the best day of his life. but some thorn thinks he will sound funny but telling the world that he thinks this lad is over weight.
i could labour on about your poor upbringing and wasted education but i'm not that type of guy. are you ****phobic and anti semitic too? heave forbid if the guy was black or foreign.
keep up the good work.
well done india
And all the while Echo produces nothing but still racks up bills.
It's like feeding ducks
Do you guys all sit at the same desk?
You just can't help yourselves.
Count to ten and relax.
I hope nobody is paying you while you continue to waste your time.
For me it's like stuffing a dead animal.