Doubt is a funny thing..
So is the sentiment of a market in turmoil.
How many cringed just a little when they read the words ''on track'' in a market that has been a spiraling roller coaster ride of late....especially considering the current small cap sentiment.
It caused me to write a number of emails and 6 long phone calls.
The first 4 to similar sized holders and the last 2 to the co.
I spent from 3pm till 7pm on ect phone calls.
IMO.
The ''INDIAN PACIFIC'' is ''on track.'' and continues to build a head of steam.
The last sentence of today's announcements, state this.
''Track'' infers an unknown distance, but ON..infers that;
There have been no derailments associated with the market's credit paradigm realignment.
Yes,,, it seems a little strange that a strog vote at the egm for the Pacific funding deal as not followed fairly closely by an initial 500k draw down..
But the weeks following the egm were more than a little strange.
It was truly fortunate for ECT that the train was on the tracks and was in an extremely hospitable station gaining 4 significant fully loaded freight carriages at a time when earth quakes were effecting most freight distribution centres.
ECT ironically, has never been in better shape.
Most tracks of late have inferred a roller coaster.
Perhaps whistle stop updates will assure ECT share holders from time to time that they are involved with a goods train that only stops to pick up more laden freight cars, and is not a roller coaster.
Certainly, the board reflect anything BUT an amusement park side show, the likes of many a co in this sub 100 mil mkt cap environment.
An environment not suited to ect.
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Last
0.2¢ |
Change
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Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $1 | 406 |
Buyers (Bids)
No. | Vol. | Price($) |
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65 | 34296227 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 13986530 | 33 |
View Market Depth
No. | Vol. | Price($) |
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64 | 33996227 | 0.002 |
28 | 37002532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 9825223 | 32 |
0.004 | 7713019 | 12 |
0.005 | 3676859 | 23 |
0.006 | 3178567 | 7 |
0.007 | 918333 | 2 |
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