George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Finished shorting ECHO.
https://www.shorttracker.co.uk/company/GB00BF0YPG76/
https://twitter.com/AIMRANGER1/status/1382228236579565568/photo/1
This is mentioned as priority project by MH on the QA. Waiting on news. This will significantly increase production and revenue. With debit payment pushed back, Mcap is still less than 20M. It's a joke ! now that the manipulation is over, time to re-rate to a decent level.
"It is anticipated that once the pipelines are fully operational, gross daily liquids production will be restored to levels of between 480 bopd - 600 bopd (336 - 420 bopd net Echo). The actual level of production resumed will be dependent on reservoir behaviour and pressure build up since this element of production was shut in in April 2020. "
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=ECHO.L
Spiked for whatever reason, but a new base is forming at around 1.2 level. Sub 1p price is gone. Consolidation and incremental uplift from here gives opportunity for an educated decision to pick exit points without being emotional. Most important fact is debt is restructured, there is production and VAT rebate. In my humble opinion.
nyforever, don't mind him/her! We've seen all sorts before ! I hope you broke even and made a few extras for your patience ! I'm waiting for 2P on my ISA holding. It won't be long ! Next week, when new ISA allowance money comes in, we will get there quick.