Well so far the market seems to like it and I can understand why:
- Small discount (9%), fully subscribed, no free options to subscribers
- Production to expand to 13m tonnes in FY26 from ~6.2 tonnes in FY24
- Revenue to expand to $100m using simple unit economics from their expansion to 13m tonnes
- EBITDA to expand to >$10m
- Already profitable and cap raise will expand profitability substantially
- FY26 guidance puts them on a forward P/E of 3.22 @ 2.5c
Good thing they already own an excavator, bring on the new PCEs!
Ann: ECS to execute expansion plans following $4m Placement., page-5
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $23.19M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $52.85K | 3.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1331589 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 1154135 | 3 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.001 ( 5.88 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.8¢ | 1.7¢ | 1302808 | ||
| Last updated 14.42pm 15/05/2024 ? | |||||
| ECS (ASX) Chart |