IMO.....that's all Gibberish....
A market Cap of 48 Million for this stock is incredibly
undervalued, and without getting into a formal projections and valuations of the Co, which are always conducted on a extremely conservative basis ( paid for or not ), you might consider just 2 simple points, as simplicity is probably best.
The options on the books are valued anywhere between
12-16 Million at recent prices.
Indian partners paying
35 Million for rights to the techs in India pre commercialization at 51%.
There's
50 Million, before we even get started..
What would the Indians pay for 100% of the rights to the techs in India?
What are the 2 tech's worth commercialized in India.
Revenue / Royalty stream... from a 500KT low margin Steel plant, utilizing stranded waste product, and eliminating dependency on expensive coke. What's that worth, any idea? ...stay tuned
Domestic and Global expansion of the techs.....It's all in the agreements.
Let's not forget potential revenue locally, or the value of CoHgen in the LV...
What's it worth???...Considering the significant disparity between today's SP and the company's potential future worth, .....simply, I would say a hell of a lot more that what it is today..... and that's the exciting part.
An example of the types of SP runs in the market, ...PDN, which coincidentally had the same number of shares on issue as ECT, at it's peak during the U Boom, was valued at
5 Billion Dollars...SP of $9.58......do you get it
What about the India and the Indian Steel sector.....ECT's backyard so to speak.
Taking a holistic view, the fundamentals within India wrt to the improving Steel sector continue to move forward.
A couple of points worth mentioning..
Following the Chairman’s meeting with the
Additional Secretary for Ministry of Steel, Rasika Chaube, she presented to the conference in her closing remarks that,
“Indian companies are encouraged to JV with foreign companies, particularly those foreign companies that are able to support technology transfer to India in its pursuit of the country’s improving competitive position as the nation seeks to deliver an additional 200 million tonnes of steel output through to 2030.”Chairman Glenn Fozard commented, “not only does our collaborative project with NLCIL and NMDC meet 8 out of 10 objectives of the Ministry of Steel’s Steel Development Fund’s strategic R&D targets,
it’s also structured under preferred arrangements, as expressed by Ms Chaube, of the Government of India’s policy for technology transfer.”
This outcome is a testament to the collaborative approach ECT has taken in listening to its partners’ needs and then converting that into strong commercial structures backed by comprehensive legal and tax planning.
http://www.ectltd.com.au/shareholder-update-india-and-local-activity/Additional Secretary for Ministry of Steel, Rasika Chaube, also happens to be a Government Director on the board of NMDC..
View attachment 1344859She was also present at the recent Conclave in India promoting foreign investment in manufacturing of capital goods in India for it's steel Industry. Global capital goods cos sign 38 MoUs with Indian companies
The National Steel Policy - 2017 envisages creation of 300 million tonnes (MT) of steel capacity in the country by 2030-31 as against existing 130 MT
https://economictimes.indiatimes.co...ith-indian-companies/articleshow/66335278.cmshttps://www.business-standard.com/a...o-iron-and-steel-industry-118102301040_1.html"In view of the proposed additional capacity in the next 10-12 years, Indian
steel industry is expected to invest $128 billion for creation of new capacity," Singh said adding that India will have to import large number of critical plants and equipment valued almost $25 billion to meet needs of its
steel industry by 2030-31.
The Steel minister said spares worth over $500 million will have to be imported every year to meet the needs of India's
steel industry by 2030-31.
The opportunity offered by Indian steel industry must be utilised by the capital goods manufacturers, foreign technology providers and equipment manufacturers, he said.
"They (foreign companies) can set up manufacturing facilities in India on their own or through joint venture/ collaboration with Indian capital goods manufacturers," the minister said.https://www.business-standard.com/a...-of-steel-by-2030-31-govt-118102300862_1.htmlFair to say the Indians are getting pretty serious about achieving their goals, thank goodness ECT have done the hard yards and are on the ground ready to roll ....
And I like this one...
View attachment 1344907"Technology has to be eco-friendly today with least possible carbon footprint. This is an area where we need to choose technology that brings the best benefits to our country." - Sh. Goutam Chatterjee
Now if it wasn't enough that India is set to become the 2nd Biggest producer of Steel....they are also going to be the 2nd biggest Consumer..
India set to replace US as the second-largest steel-consuming countryhttps://www.business-standard.com/a...t-steel-consuming-country-118102401557_1.htmlIt's not ESI, but ECT are definitely in the right place at the right time, for it to flourish, and extract unbelievable Share Holder value.....HOLD TIGHT!
GL
Image Source: ISA Steel “Industry aims at taking India's steel production capacity to 300 million tonnes by 2030” Mr Birender Singh, Union Minister of Steel said at the launch of the ISA Steel Conclave in New Delhi. In a strong move to bring the steel market influencers together, Indian Steel Association and Messe Frankfurt India (MFI) launched the first – The ISA International Steel Conclave 2018. The two-day forum opened at The Lalit in New Delhi, bringing over 150 crème-de-la-creme delegates and speakers including steel industry giants from JSW Group, Tata Steel, JSPL, Steel Authority of India Ltd, Rashtriya Ispat Nigam Lt, Essar Group among others.
(20min delay)