Echo Energy Share Discussion Threads

[jameshendrix2023] 24/4/2023 12:24

Just added another 10m

[jameshendrix2023] 24/4/2023 12:22

Im in with 10m 0.006 target

[tomboyb] 24/4/2023 12:20

Kept mine so far Riding =

Small caps beginning to bounce -

Dyor and trade only -

[ridingthewaves1] 24/4/2023 12:17

You can buy millions for cheap

[ridingthewaves1] 24/4/2023 12:15

Robbie is dumping out he must have bought a shed load now dumping

[ridingthewaves1] 24/4/2023 12:14

It's done Tom boy no more

[tomboyb] 24/4/2023 12:12

1 billion traded -

[ridingthewaves1] 24/4/2023 12:06

Take profit

[ridingthewaves1] 24/4/2023 12:06

Br very careful

[tomboyb] 24/4/2023 12:00

48% -

Trade only -

[gregpeck7] 24/4/2023 11:56

Could go bonkers this one nkw

[tomboyb] 24/4/2023 11:47

800mill traded -

[tomboyb] 24/4/2023 11:40

cesspit trade look like moving up -

[tomboyb] 24/4/2023 10:41

270mill trade will be the seller -

[tomboyb] 24/4/2023 10:35

Cesspit trade -

[mebo2] 24/4/2023 09:47

Looks like the Echo decline is also affecting Coro pity both have one thing in common & that's Parsons

[tomboyb] 20/4/2023 15:20

RNS -

13.5% left to sell -

Lombard @ snails pace -

[helpfull] 20/4/2023 11:39

Bargain hunters.

It's like climbing back aboard the Titanic.

The mug punter is concerned about Lombard and the selling down of the shares.

There were 3,570,766,386 shares issued for the debt for shares swap at 0.45p.

Only about 1,200,000,000 went to Lombard.

The remainder went to debt holders who also took a haircut in the debt/ shares swap.

They did that because they wanted the opportunity to monetise their investment at any cost. What's happening with the other 2,400,000,000 shares?

When the mug punter realises his mistake and decides to sell he will be competing against some big numbers and the fall might be drastic.

Be careful.

[tomboyb] 20/4/2023 10:15

cesspit trade I suppose -

[ohdearohdearohdear] 20/4/2023 09:10

Very succinctly put Helpfull. If only Martin Hull was as succinct/honest.

[helpfull] 20/4/2023 09:04

Cash burn.

Look at any set of results for Echo Energy.

From the revenue subtract the cost of sales and then the administration expenses and you will get a negative figure.

The cost of selling oil and gas has been higher than any revenue (even at high oil and gas prices).

Echo have shut in wells because they are losing money on any oil they sell. Basic economics. Just like the Covid period.

With the downturn in Jan/Feb the problem was exasperated.

And nobody wants to take part in a placing because they couldn't sell the placing shares on to the mug punter at a profit because the share price is continually falling (especially with Lombard publicly jumping ship).

A vicious death spiral if there is such a thing.

Be careful.

[tomboyb] 20/4/2023 09:01

Get in get out quickly -

I'm sure a few will look to trade here -