Two posts this morning nailed it imo. Dave1968 & Vacre.
NMDC has had several recent opportunities to walk. They have not. They are committed, but must follow Board protocol. The order of paying the bond is irrelevant - we/ECT knew it was "imminently" required for financial close.
Look at the trading yesterday. Quite amazing really - about 4 billion tradable shares & only 3.5m traded after a perceived setback. There was no panic. Look at the rock solid top 40. I see the vast majority have been there the last 5-7 years. My point is ECT has a very solid do or die shareholder base - not just the top 40.
So ECT need the bond cash component asap. How?
ECT have heavily flagged ELF incentives. I agree. No further dilution & near instant cash. Hopefully ECT can shortly reassure holders that after providing the bond - that is it, no more surprises leading to financial close.
So what sort of incentives? ECT are clearly in a "do or die" situation, so who cares about ECT profiting from ELF interest? Irrelevant now. I reckon it should be zero interest with some assurances that there are no more surprises prior to financial close. Do that & I'm convinced that the loyal long term shareholder base will rise to the occasion. As some have stated, NMDC are clearly very interested in Coldry-Matmor All imo.
tick tock...
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $7.929M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.777K | 1.509M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
40 | 19958624 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 8945583 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 19958624 | 0.002 |
18 | 29450024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 8945583 | 10 |
0.004 | 10354078 | 14 |
0.005 | 5307835 | 29 |
0.006 | 4988567 | 8 |
0.007 | 2428333 | 3 |
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