ECS Price Action, page-2435

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Rthek

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27/08/24

18:38

Post #: 75401079
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Originally posted by wolfk: ↑

Nan has shown ongoing frustration at the SP for a long time now.

I’ve brought up the point before that Nan has been continuing to add to her positions during dips, as well as on-market, in the placement and from AKs bulk sale. I’ve averaged her buys over the past 24 months to 13m units @1.93c per share ($252k total entry). So on that metric, Nan is down $82k on her investments.

Probably not many better indicators to a companies disconnect in trading price to it’s value when the MD is haemorrhaging.

Wouldn’t make much logical sense to throw away money like that, especially when you have the knowledge of expected sales and hold the pen able to ink new deals.

Plenty of shares turning over, anyone other than AK selling would be doing so at a loss. Capital raise participants down 37%. Myself included, were calling for a higher cap raise price, then Nan had eluded to the fact she was buying under 2c and we all had the opportunity to enter then (we were trading at 2.5c at this time). I hope that history repeats itself and Nan adding at these levels is a sign of confidence and value. It won’t take much to see ECS fly again back to mid 2s. Bells has it in their best interest to get it above 3c and exercise their options.

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Agree with you, there are only few holders selling out but the effect is huge because of the lack of market confidence in the sector. companies after companies are on the verge of closure, our regulations are a joke - Canada may dump its products here but no one is allowed sell in Canada. Hope our expansions restore our profitability.

ECS Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $23.19M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$669	37.18K

Buyers (Bids)

No.	Vol.	Price($)
13	3895124	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	1004544	2

View Market Depth

No.	Vol.	Price($)
13	3895124	0.017
16	4397863	0.016
14	6460973	0.015
6	1891428	0.014
8	1707819	0.013

Price($)	Vol.	No.
0.018	1004544	2
0.019	1279773	4
0.020	818251	8
0.021	1585441	5
0.022	670000	3

Last trade - 10.02am 03/10/2024 (20 minute delay)

ECS (ASX) Chart

ECS Price Action, page-2435

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