It looks like the market expected the JV to be at least 50-50 or a split in FYIs favor. Instead FYI got 35% of the JV. That or something else in the ann wasn't to the FYI holders liking... I can't say that I know enough to say if it is a motivated tour to the basement or not.
From Ecograf's POV though it looks like the HPA agreement is now with a joint venture which is 65% controlled by Alcoa. Alcoa is a major aluminum producer and FYI is still a small cap. I am not sure if that is better worse or netural in Ecograf's POV though.
Ann: Enhanced Anode Coatings for Lithium-ion Battery Market, page-51
Add EGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.015(14.3%) |
Mkt cap ! $54.48M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 12.0¢ | 10.5¢ | $85.61K | 760.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 24094 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EGR (ASX) Chart |