Surges...
The sp has been butchered - and the T/O motive seems to have legs...but imo its a no go for several reasons that Ive outlined in the past.
One that sticks out is - HOW would the Govt/ALDP panel view a low ball T/O playing out whilst ECT are in the never never "hopefully" building a "first of" high risk demo. Fact is the Govt would run a mile. The Govt NEEDS certainty...a T/O is the opposite.
Another is that THE reason the sp is 0.9c is because Monash have reneged on numerous promises. Major S/holders are aware of this and together with the Govt comment above....imo the T/O threat at these levels is zip....forget it.
Anyway...just a few comments on the trading.
The Govt ann yesterday CLEARLY stated the Vic/Fed Pilbara is a well thought out HIGH priority agenda that WILL now happen. Significant. The recent budget cuts have been re renewables - no where has anything brown coal related been cut. The 1:1 Govt for private $ arrangement still stands (Pas can you expand sometime?)... Prove Coldry at demo and the Govt will still match Monash etc $ for $ in scaling up to 2mtpa. Clear LT Govt vision that will be a massive incentive to Monash etc.
An election coming...its interesting that it has NOT derailed any b/coal Govt funding arrangements....clearly signals the Pilbara is going to happen.
So...the Govts have clearly stated that the TECHS are THE reason/key for the coming Pilbara - Exergen are listing...nice. Are Exergen THE reason for the Pilbara...? Did the Govt make such a dramatic statement yesterday based solely on ONE drying tech like Exergen...?
Regarding the 0.9 sellers. Im amazed, with 1,700,000,000 shares that there has not been MORE selling. A true "capper" would have say 10m sitting on 0.9c right now. Look at the volumes of the past month. Says to us that its ONLY hard liners/believers holding ESI now.
ECT are at the pointy pointy pointy pointy end of the Coldry story.
We can talk all day about the Coldry economics/who said this rumour...who said that.
Fact is $$$ talk - the buyers are sitting 0.8c...WHY do that if ECT is doomed - fact is... no ALDP and the sp is 0.5c and below imo.... (who ARE the 0.9 BUYERS of late...?)....and there are probably ~3-6 holders that could have killed the coy off over the last few months. What I mean is - if just one of these entities chose to start selling (they hold net ~30m shares)...there would have been an avalanche of sellers following on. Carnage...sp 0.5c in a hurry imo. Where would the future w/cap $ sp level be then...? Dilution...?
The above has not happened....and imo ALDP/Monash/friends/ will come good and its going to be happy days...
tick tock...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.929M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3 | 1.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 19401546 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 7720075 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 19401546 | 0.002 |
20 | 30219024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 7720075 | 4 |
0.004 | 11535031 | 15 |
0.005 | 4928289 | 29 |
0.006 | 5239567 | 10 |
0.007 | 2428333 | 3 |
Last trade - 14.47pm 08/08/2024 (20 minute delay) ? |
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