Where does the SP go from here?

With the Financial year end of sale well wasn’t much of a sale, where do we go from here??
There are predictions of 5c 2c 10c etc etc – nobody really knows but looking at ECT’s history we have never been this close!!!!

Wind back a couple of years ECT got to 10c+ on the back of the Vietnam Deal ( much less Shares on issue and no money from the Vietnamese)
We got to 3c+ on the back of the dreaded Monash Cornerstone Investor ( no money except the $500K that into the never and was never spoken again).

Move back to 2018 July we have an Agreement with 2 Indian Billion Dollar Entities to build a huge R&D plant in Tamil Nadu which will potentially Morph there current CARD facility and looks determined to make this project work, there intentions also include building a $300 million dollar Commercial plant if the R&D plant is successful:

• TPA signed tick
• MPA signed tick
• Sub Agreements – was August now the coy is determined to have them done by End of July.

“I’m pleased to report the drafting process has continued its momentum over the past few weeks and is currently on track to meet our mutually agreed timeframe of 31 July (2018).”
Potentially to have financial closure in this timeframe is compelling as it will be different from the previous stops and starts as this time we will have billion dollar entities providing the funds for the plant -  $35 million for the project.

Think it’s safe to say Game on!

Fingers crossed!

Cheers

M.oz

PS Noticed for the first time the ones in Exile have potentially brought back in. After years and years of downramping even they have seen the light lol.