Hey Guzz, Having been invested in ect for over 10 years I am down quite a bit. However i am willing to support the company one last time, IMO the technology still stacks up, Matmor could be an absolute killer, Coldry still plenty of uses in the dirty coal world. Management have reduced costs after being blind sided by NMDC. They are now focussing on BM. Mr Selvakumar is onboard and is not getting paid till certain conditions are met, why would he choose to do that? How much does he know about our technlogy? Does that show confidence? NLC still keen, they could have pulled the pin after NMDC did, why didn't they? BM could be cashflow positive(could be earlier than announced, I think they have left wiggle room, but could take more than 12 months going on our history) and will demonstrate coldry on a commercial scale at 35kt per annum. While we are aiming at a commercial plant around 4 times the amount, 35kT still commercial. Update in January should give an indication of what is happening in India, SAIL have been mentioned in India news, hopefully it will give us an indication of what is happening and how close we are to progressing with another partner. Management are supporting the raising, top holders are supporting the raising. Why throw good money after bad? If we manage to get India back on track, where will the sp be? Above 1 cent? Should be IMO, and that is including the extra dilution. IMO ect is giving holders a chance to recoup their losses by getting in at the bottom. I will participate, how much depending on update. All this is IMO, from .1 cent every increment doubles your investment, is ECT worth more than .1 cent without India?
Lots to think about for current holders, late merry christmas all and wish everyone a happy new year.... hopefully 2020 is our year.
ECT Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
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