Australian (ASX) Stock Market Forum

ECH - Echelon Resources

Thanks for sharing your research Chris.

Though i havent looked into ECH (besides skimming over what you have posted) but from my experiences also, i think you cant go wrong with low market cap explorers in the uranium sector. eg. EVE at 10c last year ($10million market cap), SAU at 17c early last year ($8million market cap).


No worries.

I just liked the fact they had strong radiometrics/cash at bank/some historic drillholes/small amount of shares on issue/close proximity to two large deposits..one deposit being the largest calcrete deposit in the world. To me that lit up in my head as being a cocktail for some nice SP gains.

All they need is some rock chip samples or some drilling results with decent grades and they will be through the roof. The historic results have allready proven to me that this will happen. This uranium bug is going to stay for some time so you still have time to pick some quality grassroot explorers with some grounds showing excellent potential. Thats just my opinion.
 
Sounds like the ASF members have been buying up ECH...

haha

Wonders never cease to amaze :rolleyes:
 
Think it was more likely the HC punters - it erupted soon after Chris's posting there.
 
Think it was more likely the HC punters - it erupted soon after Chris's posting there.

lol. I'm just showing people the light. This one has been running for awhile though..with no posts from me. The buyer and seller depth is looking nice.
 
Chris, hope you've posted on ERN on that forum...
Also, can you let us know before your about to post there, so i can do a quick day trade :D :D :D
 
Chris, hope you've posted on ERN on that forum...
Also, can you let us know before your about to post there, so i can do a quick day trade :D :D :D

LOL. I dont post to make a daytrade :)

This stock looks very promising. Dont worry Ive posted about ERN and BMN on that forum and others many a time. In the earlier days I was doing free advertising for those companies lol
 
Very very interesting company:

My thoughts:

4.5km airborne anomaly - looks very promising, and with further airborne radiometrics it will be refined up and made clearer what they have.

So close to SMM tenements as well. Already got some good historical drills. Land very prospective.

Yeeliree south - very prospective tenements there next to BHP's mega deposit.

Overall not bad for a $19m company.

As a result I have taken a position. I don't expect news flow until mid to late next Month on their Yeeliree tenements.

This looks similar to Erongo(ERN) but it is in Australian properties near established deposits and big names.
 
Consolidating atm after quite a surge in SP. Hopefully it holds around these levels and even can push slightly higher and hold in the 70's.

This is really more of a long term investment for me. I'm just trying to find a couple of greenfield explorers that I think have massive potential. Not expecting gains thick and fast but if they come i'll take them. It certainly has the potential to bring those gains in quick time with its current prospects.
 
This is definately one to watch now that the paladin/summit takeover will go ahead. ECH has some excellent tenements just to the North of summits grounds. PDN allready have a 50% interest in these Mt Isa tenements that ECH also own. Then ECH have highly prospective grounds under BHP's yeleerie deposit. Keep a very close eye on ECH.
 
Chris1983, what magic do you have? After your post,the seller are all backward. What is going on?
:confused:
 
No Magic..just fundamental analysis. This one has been missed as an extremely promising spec play. Now that summit has been taken over..who has the tenements to the North of summit..echelon does..who also has a % in those tenements...Paladin does..what happened recently...they sourced some extremely promising historic drillholes :)

They are in close proximity to two large deposits..with very promising radiometrics. I saw the low market cap/small amount of shares on issue/enough cash to fund their drilling campaign for some time and thought its a good buy. Good luck to holders.
 
This is a breakout and an all time high close. (learning some T/A from kennas lol). Low mkt cap will allow continual progression. Airborne surveys due to commence in WA yeeliree this week.
 
This is a breakout and an all time high close. (learning some T/A from kennas lol). Low mkt cap will allow continual progression. Airborne surveys due to commence in WA yeeliree this week.

Looking good. Closed at 76 and hasnt seen these price levels for quite some time. The depth below is also looking great. Only 4 sellers for a total of 35 k shares. They are all the sellers that were left at the end of the day. With a total class issue of 26,962,878 shares how many investors will be willing to sell?

0.760 1,500 1
0.770 10,000 1
0.850 23,000 1
0.950 1,500 1

I also would suspect the rise to be in relation to the radiometric survey. Below is the announcement in regards to the survey being carried out.

ECHELON TO CARRY OUT AIRBORNE RADIOMETRIC SURVEY OF YEELIRRIE SOUTH URANIUM TENEMENTS

Echelon Resources Limited (“Echelon” or “Company”) is pleased to announce it has entered into a contract to carry out an airborne radiometric survey over its uranium tenements located 10km south of BHP Billiton’s Yeelirrie uranium deposit ( Figure 1).

The proposed program is designed to significantly increase the radiometric data that is currently available over the tenement areas. Following a review of the region, the Company believes that the high radiometric response is indicative of significant uranium anomalies and the area covered by the tenements has potential to be part of a feeder system to BHP Billiton’s Yeelirrie uranium deposit. Field mapping in February 2007 indicated that a number of potential targets exist.

The Company has three tenements E36/566, E36/567 and E36/568 covering approximately 430 Km². The tenements have a distinct radiometric signature that compares favourable with known uranium deposits in the vicinity. The airborne survey is scheduled to commence in early April 2007. A total of 7,750 line kilometres will be flown at a line spacing of 100 metres. The survey is expected to be completed by late April with the results being interpreted by May. It is expected that mapping and drill targets will be identified for follow up later in the year.

The commencement of this program follows the previously announced increase in focus on the Company’s extensive exploration portfolio located in Western Australia and Queensland, which is considered prospective for uranium and gold/copper mineralisation.
 
Echelon is moving nicely continuing its upwards run. Just touched 80.

I must add they have have 3.5 million shares in IOH which is worth about 2.5 million and then they also will have 4 million cash at bank
 
Have I missed the boat on ECH? Has any bought at the current SP? Any predictions on where this run will end?
 
Have I missed the boat on ECH? Has any bought at the current SP? Any predictions on where this run will end?

These spec plays are never a sure thing. If you dont like risking anthing..best to stay away. Personally..when I saw BHPS radiometrics..and then saw Echelons..I thought to myself..these guys have a shot at something big. ENR and BLZ are also in the area so its pick between the three really. Nothing against those two other companies but I thought ECH was the best bet with tenements also straddling the Valhalla and Skal uranium prospects and strong radiometrics south of the yeelirrie deposit.

"BHPB's Yeelirrie uranium deposit, located approximately 60kms south west of Wiluna, is the world's largest calcrete associated uranium deposit with a published resource of 52,500 tonnes of U 3O 8."

52,500 tonnes and it would increase if they continued to drill out the Yeelirrie desposit. Now..assess the radiometrics on Echelons licenses. Their radiometrics are also quite strong. Looking forward to when exploration starts and the results from the Airborne Radiometric Survey.
 
Echelon is moving nicely continuing its upwards run. Just touched 80.

I must add they have have 3.5 million shares in IOH which is worth about 2.5 million and then they also will have 4 million cash at bank

IOH....
Hmmm those memories, i remember back in the early days i picked some up for about $2.85...
Of course chopped it not long after, but watta dog! :banghead:
 
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