Some have asked - why has the share price gone backwards since the June signing? Simple answer is the "tens of millions cash down " didnt follow.
Where does the "tens of millions cash down" comment come from?
May 10 2010
http://www.brr.com.au/event/65718/ect-signs-final-term-sheet-with-thang-luong-and-tincom-mr-kos-galtos-ceo
Thats May 10...was the "tens of millions cash down" a slip of the tongue? Huge figures for a microcap!
The signing was late June. Naturally, the Tincom $$ was expected then....no show.
15 Nov 2010 - ASX ann
"Project feasibility and localisation studies commenced following the signing of the License Agreement on 25th June and have received significant direct investment and resourcing from TinCom."
8 Dec 2010 - ECT newsletter
"the localisation study currently under way for our Victoria Coldry project....The design and engineering work for the Victoria Coldry project will run about $15 to $20 million."
_____________________
Id say - the "received significant direct investment" spent since June 25 amounts to a few million....and the " $15 to $20 million" all adds up to the "tens of millions".
So why wasnt the 8 Dec 2010 - ECT newsletter an ASX ann? Significant news the "$15 to $20 million"
These figures are hugely significant for a knife edge microcap - obviously Tincom are indeed quietly pumping millions into the ARUP led FS - sooner or later the market will recognise this deal as real.
Why did it take ECT 5 mth to ann the FS had started?
Some from MNM have asked - why this... why that?
The above is an example that says you have to do some real digging with this one unfortunately if you want to know the ins/outs...or... you take the short cut route and just focus on Tincoms ability to fund the project.
ECT website, BRR, HC are all good.
- Forums
- ASX - By Stock
- ECT
- mnm v esi
mnm v esi, page-36
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ECT (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $56 | 19.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 27047450 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11708368 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 27047450 | 0.002 |
28 | 33776532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 11708368 | 17 |
0.004 | 5782988 | 10 |
0.005 | 4226359 | 26 |
0.006 | 5155234 | 9 |
0.007 | 918333 | 2 |
Last trade - 15.59pm 29/08/2024 (20 minute delay) ? |
Featured News
ECT (ASX) Chart |