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ECHO Echo Energy Plc

0.0027
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Echo Energy Plc LSE:ECHO London Ordinary Share GB00BF0YPG76 ORD 0.0001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0027 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.0026 0.0028
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells USD 3.63M USD 6.25M USD 0.0002 0.00 1.07M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0027 GBX

Echo Energy (ECHO) Latest News

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Posted at 21/11/2024 08:20 by Echo Energy Daily Update
Echo Energy Plc is listed in the Drilling Oil And Gas Wells sector of the London Stock Exchange with ticker ECHO. The last closing price for Echo Energy was 0p.
Echo Energy currently has 39,768,375,407 shares in issue. The market capitalisation of Echo Energy is £0.
Echo Energy has a price to earnings ratio (PE ratio) of 0.00.
This morning ECHO shares opened at -
Posted at 18/9/2024 08:55 by helpfull
I have have read the RNS again.

I have changed my post accordingly:

That's 8g.

There are ~28g in 1oz.

At $2,500 per oz for gold that's $714 per day.

Or $260,610 a year.

Divide by 2 for a 50% interest and that is $130,305 to Echo Energy.

Or £100,000.

Take off production costs, transportation costs and G&A costs and that leaves very little.

For 10t/day, 5 x nothing, is nothing.

Echo Energy has a £1,000,000 loan (to be repaid next September) and €10,000,000 of bond debt.

A name change won't wipe that out.

Mug punters queue here.

Be careful.
Posted at 18/9/2024 07:45 by helpfull
2 tons a day at 4g per ton.

That's 8g.

There are ~28g in 1oz.

At $2,500 per oz for gold that's $714 per day.

Or $260,610 a year.

Divide by 2 for a 50% interest and that is $130,305 to Echo Energy.

Or £100,000.

Take off production costs, transportation costs and G&A costs and that leaves very little.

For 10t/day, 5 x nothing, is nothing.

Echo Energy has a £1,000,000 loan (to be repaid next September) and €10,000,000 of bond debt.

A name change won't wipe that out.

Mug punters queue here.

Be careful.
Posted at 18/9/2024 06:49 by different world
Some in the know were buying yesterday.

An excellent RNS this morning, not noticed by many but it's fill yer boots time in ECHO.

Steady positive progress being made, and everything valued at just £1m.
Posted at 16/9/2024 14:16 by gary38
A new ECHO low.
Posted at 26/8/2024 13:52 by knackers
See what news accompanies this week's AGM. Little of the old Echo Energy remains. Completely new team, direction and operational model. Need to hear the story first, so let's see what Birrell has to say, shall we.
Posted at 20/8/2024 11:46 by knackers
Expect an update on the ops at Tesoro around the time of the AGM. Looking fwd to that!New blood CEO and Chair new ECHO. Time for a name change phaps.
Posted at 01/8/2024 16:08 by professoraim
Echo dnt produce anything the rampers tried the "cln debt paid" will move like ukog rubbish but It hasnt and wnt This will go to placing price
Posted at 01/8/2024 16:03 by knackers
Gold at near record highs, up 25% on last year with inflation falling: GO FIGURE...Miners gonna have folk falling over themselves to lend them funds to expedite projects.What value Tesoro in a few months?Mouth-watering. Inspired timing this move by ECHO into precious.
Posted at 05/7/2024 21:11 by helpfull
Same old same old.

Conditional Convertible Loan Note (6/6/2024).

£80,000 at 94% of principal = £75,200.

Legal fees for the implementation of the CLN = £8,000.

Arrangement fee of 3.5% of the CLN = £2,800.

£80,000 - £4,800 - £8,000 - £2,800 = £64,400 is the sum paid by the lender to Echo Energy.

The lender has to be paid back £80,000 even though he only pays out £64,400.

Today (5/7/2024) £45,000 of the owed £80,000 was taken in shares at 0.0027p.

Equal to 1,666,666,666 new shares.

Selling at 0.0030p would garner another £5,000 on top of the £45,000 (although shareholders do not know when the selling will start or if it has started).

There is another £35,000 of the £80,000 loan to be paid back.

At today's price that would be 1,300,000,000 new shares.

Pro rata the lender could recoup £89,000 for a loan of £64,400. A £24,600 profit.

Or 38% profit on a zero interest loan, for a few months work.

A 228% annual interest rate.

Shareholders pay for the dilution.

It all relies on the mug punter, and there are many around.

Martin Hull and James Parsons are still owed £78,469 and £31,978 respectively for 2023 according to the annual results.

They might be beneficiaries.

Be careful.
Posted at 17/2/2023 15:34 by helpfull
Wow!

Lombard down from 21.96% to 20.92%.

That's 1,221,253,877 shares down to 1,163,753,877 shares.

A drop of 57,500,000 shares.

And look what it has done to the Echo share price. Can the share price withstand Lombard selling out completely?

Of course there are other people with shares to sell. Lombard was only €5,000,000 of the debt converted. There was another €10,000,000 converted to shares.

How low can this go?

The selling by Lombard et al is a sure signal to potential investors.

Be careful.
Echo Energy share price data is direct from the London Stock Exchange

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