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EAR, ECHO RESOURCES LIMITED
blacksheep
post Posted: Aug 27 2019, 10:41 AM
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Posts: 6,217
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In Reply To: blacksheep's post @ Aug 23 2019, 11:44 AM

Northern Star makes recommended takeover offer for Echo Resources
QUOTE
HIGHLIGHTS
▪ Cash offer of A$0.33 a share represents a 50% premium to Echo’s 20-day VWAP




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 23 2019, 11:44 AM
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Posts: 6,217
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In Reply To: nipper's post @ Aug 23 2019, 08:38 AM

NST seems the most logical acquirer We will have to wait a little while longer to find out since they've asked for a suspension.

QUOTE
The suspension is requested to commence immediately and to continue until before
commencement of trade on Thursday, 29 August 2019 or such longer period as is required
for the
Company to make an announcement regarding the potential change of control transaction.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Aug 23 2019, 08:38 AM
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Posts: 6,048
Thanks: 2167


QUOTE
Bill Beament’s Northern Star Resources said to be on the verge of making a bid for Echo Resources and China’s Zhaojin International Mining believed to be running an eye over Westgold Resources.

The gold price is still holding above $2200 an ounce in Aussie dollar terms, but Australian listed gold stocks have fallen off sharply through this year’s earnings season, with the All Ordinaries Gold Index off 12.4 per cent since hitting an all-time peak early this month.
FOMO?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Aug 20 2019, 08:36 PM
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In Reply To: blacksheep's post @ Jan 19 2018, 08:16 PM

In a trading halt - pending discussions concerning a potential change of control transaction.. Is NST making a move? Change in substantial holding from NST dated 18/12/18 shows they hold 22.74%

QUOTE
Echo Resources Limited (ASX: EAR) requests a trading halt of the Company’s securities pending
discussions concerning a potential change of control transaction.


The trading halt is requested to commence immediately and continue until before commencement
of trade on Thursday 22 August 2019.


Alistair Cowden was appointed Chairman on 1/8/2019. Long shot maybe Copper Mountain is a potential buyer?

QUOTE
He is currently a Director of TSX-listed Copper Mountain Mining Corporation,
a major copper-gold producer in Canada
, following its $250 million merger
with ASX-listed Altona Mining in 2018 where Dr Cowden was Managing
Director

https://www.cumtn.com/about/board-of-directors/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jan 25 2018, 04:38 PM
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Posts: 6,048
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In Reply To: blacksheep's post @ Jan 19 2018, 08:16 PM

Speaking on an investor call this morning, Northern Star (NSR) executive chairman Bill Beament said the investment in Echo reflected the company's belief in the gold exploration potential of Western Australia.
QUOTE
"We've long stated our strong belief in the exploration upside at and around our assets. We've also made no secret of our belief that there is a lot more gold to be found in Western Australia in general," Mr Beament said.

"Echo's management are doing a good job of presenting a business case to potentially recommission the large capacity mill at Bronzewing, which we believe will need a number of ore sources to be successful.

"The combination of all these factors means it's just common sense to position the business to have a seat at the table. That's pretty well where we are at this stage, there's nothing else to report on that front."
Echo owns the mothballed Bronzewing processing plant northeast of Leinster in WA.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jan 19 2018, 08:16 PM
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In Reply To: blacksheep's post @ Jan 18 2018, 12:04 PM

NST has increased it's holding in EAR to 19.19% via on market purchases between 12/12/2017 and 19/1/2018 - T/O?
http://www.asx.com.au/asxpdf/20180119/pdf/43qxxgs1cxmvd1.pdf

Back on 8/12/2017 made the suggestion when it emerged someone had snapped up 16.5% - that someone turned out to be NST and it looks like they've been adding ever since

Suitor buys stake in Echo Resources; Northern Star eyed
STREET TALK
Dec 8 2017 at 8:36 AM
Updated Dec 8 2017 at 8:36 AM
Read more: http://www.afr.com/street-talk/suitor-buys...5#ixzz54clIE99M

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jan 18 2018, 12:04 PM
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Posts: 6,217
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In Reply To: blacksheep's post @ Dec 18 2017, 09:05 AM

Bank of Nova Scotia has appeared on the register today with an initial substantial holding in EAR of 5.12% - accumulating from 26/10/2017 to 12/12/2017. SP up 5.71% currently @ 37c/share
Market Depth
58Buyers
2,955,089Shares

22Sellers
482,534Shares

https://www.shortman.com.au/stock?q=ear
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 18 2017, 09:05 AM
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Posts: 6,217
Thanks: 2204


In Reply To: blacksheep's post @ Dec 8 2017, 01:40 PM

Bank of Nova Scotia (Canada) has emerged as a substantial holder with 25 mil shares - 5.12% - accumulated from 26/10/17 - 12/12/2017 @ an average price of 23.89c
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 8 2017, 01:40 PM
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Posts: 6,217
Thanks: 2204


according to AFR someone has snapped up 16.5% - 80 mil shares - of EAR. Suggestion is it could be NST

Suitor buys stake in Echo Resources; Northern Star eyed

Read more: http://www.afr.com/street-talk#ixzz50dZIKC6k



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
melua
post Posted: Apr 30 2016, 06:01 PM
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Posts: 5,739
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In Reply To: bereal's post @ Apr 30 2016, 05:34 PM

Certainly looking stronger.

 
 


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