ECM 0.00% 8.0¢ east coast minerals nl

advanced project and ready to mine, page-18

  1. 1,279 Posts.
    ddx,you are correct people are waiting on the sidelines until the 3Cent shares are on the market.i know this because i am one of them.there will be plenty of these new shares being dumped on the market,i believe ecm shares will go as low as 4.5 cents in the cominng weeks, as that will still represent a 50% profit for those lucky enough to get the cheap placement shares,and will be too tempting for some to take.another poster mentioned he believes the market will chew these up in one day,i disagree,because there is just not the market depth to soak up these 87million shares at the moment.
 
watchlist Created with Sketch. Add ECM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.