The slabs shown in the announcement indicate it is not a big contract so the share price jump is not due to contract income but the potential market. At some point the share price will be determined by actual revenue and not by potential alone. The revenue stream will not take-off until the plant is operational () unless there are forward orders.
“We can now move forward as market momentum grows to establish the new plant with a view to commissioning a large scale operation by late in 2018 to early in 2019.
1,500+% return .... .0. 019c to now 0.30c EDEO, page-6
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.427M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $101 | 50.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 196998284 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 10443878 | 11 |
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| Last trade - 12.55pm 11/07/2024 (20 minute delay) ? |
| EDE (ASX) Chart |