Wow another big dump right now, when 1.6s went bid with 2.5 million units, someone just dumped on them straight away. Has to be a top 20 holder.
Is interesting to theorise whats happening behind the scenes here, because Alex Keach is not a significant holder anymore or employed with the company, so it could be him selling now without having to notify market, hes not bound by verbal agreement, we will only find out when the updated top 20 is given to holders.
It is crazy to see the share price this low, with $6 million in cash, over $50mill in offtakes, and at this price only valued at $20mill. Hopefully this quarterly it shows we are back to cash flow positive, and we get buying back up to mid 2s, we need this seller to be done though, as there is a lot of sell supply and not much demand, order book is looking sick.
ECS Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
