EOF 8.33% 3.9¢ ecofibre limited

The Spyglass, page-848

  1. 528 Posts.
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    I guess a lot will depend on this quarters results and how many more shares Phil Warner wants to off load, as he is sitting on a hell of a lot, if he is happy with his current bank balance we should be ok. I am hoping the price stays a healthy distance above the mid 50s, as Jefferson still have a few weeks to decide if they want to invest $4m+ in a rights issue at 55ish. That money would help the balance sheet somewhat and also instill some investor confidence, the year is marching on and at least one of the research studies Ananada have been doing is due to finish sometime this year which may well affect things a bit. I think there is quite a bit of behind the scenes stuff going on this year, especially with the varieties of hemp they are growing for seed, fibre and shiv.
 
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