Wow, ECS are killing it!
$2.8m in revenue in May alone. It's clear they can get past $30m in revenue p.a. with what they've got and they are still licensed to build another 9 tunnels which are cheap as chips! That's an additional 50%+ on top of what they are currently producing from the tunnels.
I think the update to NAB financing also answers the question about whether there will be a capital raise, the short answer is they no longer need it. They generate positive cash flow to sustain Ops and the NAB financing means they can continue their expansion.
I'm buying more while I can before the upcoming 4c.
Ann: Market Update, page-5
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.32M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $24.45K | 1.580M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2663429 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 235976 | 4 |
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| Last trade - 15.02pm 06/11/2024 (20 minute delay) ? |
| ECS (ASX) Chart |