Thanks for asking that question, and thanks for answering it Chris. It had been puzzling me too. This has been a nice little earner for me. Looking forward to the next announcement.
ECH - Echelon Resources
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Thanks for asking that question, and thanks for answering it Chris. It had been puzzling me too. This has been a nice little earner for me. Looking forward to the next announcement.
No worries guys. Echelon are still very cheap with excellent prospects. They have around 22 million cash on hand now.
Shares on issue will be 45,562878
Fully diluted Market cap is 57.5 million
Thats not bad considering they have around 22 million in cash. They also own 3.5 million IOH shares valued at 2.3 million.
Two very prospective projects with their Yeelirrie tenements and QLD tenements. Some of their QLD tenements allready have high grading uranium hits. Its a very good price atm IMO.
Sean K
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Yeah i keep checking ECH too Kennas.
I actually quickly clicked on this page of ECH then clicked the next one before seeing SOMEONE (YOU) had actually left a post here
Its been pretty dead hasn't it.
I reckon people are just holding tight until some ann are made about what they find up there.
That buy order of 50k has been sitting there along time.
I'm sure that this stock will takeoff once they do release some more info on their dirt.
I actually quickly clicked on this page of ECH then clicked the next one before seeing SOMEONE (YOU) had actually left a post here
Its been pretty dead hasn't it.
I reckon people are just holding tight until some ann are made about what they find up there.
That buy order of 50k has been sitting there along time.
I'm sure that this stock will takeoff once they do release some more info on their dirt.
Sean K
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This has completely gone off the boil, along with the rest of the U sector I suppose, which could have been anticipated. Come off even more than I would have thought! Ouch.
This is off 50%, ERN off about 55%, BMN off 40+%, MTN off 40%, AGS off 60+%
Many investors much be questioning their positions I imagine. Time to take a tax loss and buy back in? Hold out for long term potential. Or move on?
In the past with quality stocks that have corrected significantly, I have taken the opportunity to fix in some tax losses (if I've made some decent gains - and remember tax losses can be carried forward) and bought back in. Just one angle of attack. Each to their own...
Any other tactics out there?
This is off 50%, ERN off about 55%, BMN off 40+%, MTN off 40%, AGS off 60+%
Many investors much be questioning their positions I imagine. Time to take a tax loss and buy back in? Hold out for long term potential. Or move on?
In the past with quality stocks that have corrected significantly, I have taken the opportunity to fix in some tax losses (if I've made some decent gains - and remember tax losses can be carried forward) and bought back in. Just one angle of attack. Each to their own...
Any other tactics out there?
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To get a cheap exposure to uranium...how about JRL (Jindalee Resources)? they have 40% stake in EME worth $1.60...currently trading at $1.30.
that is a huge discount to the NTA not to mention other tenements, cash and shares holdings
I am tipping PDN will swallow EME. they have the fire power and the synergy in the Birqli tenement.
that is a huge discount to the NTA not to mention other tenements, cash and shares holdings
I am tipping PDN will swallow EME. they have the fire power and the synergy in the Birqli tenement.
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