Ann: Appendix 4C - quarterly, page-17

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striker11

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01/11/19

07:51

Post #: 41188327
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Originally posted by vdanv: ↑

What a classic moment for speculative investors to take a punt on what could potentially be a multi-bagger. The uncertainty is at all time highs, and so is the potential for gains with the share price oscillating between $0.001 and $0.002. The company isn’t easy to value at this point in its life, however history provides us with an indication of what the market values ETC at, give a level of market sentiment. Look back to the long lead up to NLC/NMDC/ETC tripartite let-down. The price typically oscillated between $0.008 and $0.0014, with highs exceeding $0.02. Add WTE into the picture and consider works conducted with the initial India deal (site and engineering, government approval, etc), this thing could turn quickly given the right sequence of announcements. In my opinion, the early hints of SAIL could be the start.

Views on the latest plans for the company

The focus on cashflow positive makes sense now, despite not necessarily making sense in the past. Looking at the position of the company going into the India deal the first time, ETC didn’t exactly have the capacity to achieve cash-flow-positive status given the embryonic position of Australian operations. IMO, that represented a riskier proposition for investors, given the absence of further development in Aus and failure to close in India would have positioned ETC in a concerning space.

Coming forward to the current position and management have identified an opportunity to position the company on its own two feet, effectively removing reliance on near to medium term deals. IMO, this removes a material element of risk from the proposition, and notwithstanding recently dilution, provides a pathway to reduced future dilution.

Needless to say I still hold and will continue do add going forward.

All In My Opinion

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There's a big difference between speculation and sheer stupidity.

ECT Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $6.343M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$27	13.64K

Buyers (Bids)

No.	Vol.	Price($)
8	2438275	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	15303561	23

View Market Depth

No.	Vol.	Price($)
8	2438275	0.002
27	35956532	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	15303561	23
0.004	8268019	13
0.005	3296859	21
0.006	3178567	7
0.007	918333	2

Last trade - 10.02am 11/11/2024 (20 minute delay)

ECT (ASX) Chart

Ann: Appendix 4C - quarterly, page-17

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Ann: Appendix 4C - quarterly, page-17

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