Currently viewing Global edition

Echoes of discontent

There may be eminently valid reasons for disgruntled shareholders at Echo Resources to be agitating for change, but as always there is perhaps really only one key consideration for keeping or throwing out incumbent managing director Ernst Kohler at next month’s shareholder vote. Namely, will Echo’s share price potentially be better off for a change in management or not?

At recent share price levels of A7-8c/share Echo is capitalised at about A$10 million (US$7.3 million).

That seems a tad incongruent with management’s oft made claims about Echo’s Julius discovery.