EGR 9.62% 11.8¢ ecograf limited

I want to be optimistic/blue skies whatever But realistically,...

  1. 354 Posts.
    I want to be optimistic/blue skies whatever

    But realistically, I'm expecting a bog-standard cap raise 1-2 mil with no new information.
    What would be fantastic is significant capital raise from an interested party (cornerstone) at a premium of a few cps, but I just don't see it happening (hope I'm wrong).

    I'm a fan of the company, but it's plagued by the same lack of transparency with shareholders as all listed companies. Based on the figures from last qtr, I can't understand what they would need the money for if finance was imminent. I wouldn't expect a raise for the equity portion prior to finance approval either, which is not mentioned in the halt announcement.
 
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