Multiple offtake deals will be signed ONCE a Coldry plant is approved for construction in Latrobe Valley - so I assume anytime after July.
The market will initially re-rate ECT upon confirmation of a Coldry plant being approved. I dont believe the Share Price will be 80c on the signing of this deal. Maybe 25c would be a realistic number. 80c+ will only be achieved with multiple offtake deals.
I anticipate that 80c+ will be achieved, but I doubt it will happen this year...next year appears more likely...but this will depend on the quality of the new board.
Still a bit more time to accumulate before the broader market realises the potential of this stock.
movement at the station, page-16
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $2.902K | 967.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 17746080 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12856748 | 26 |
View Market Depth
| Last trade - 15.58pm 03/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |