ECM east coast minerals nl
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i would say, currently, buyers are scared off by the...

  1. ddzx
    37,911 Posts.
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    05/02/11
    08:45
    Post #: 7846217
    i would say, currently, buyers are scared off by the placement

    the share capital traded on-market is only 174m and there is something like 87m new shares being allocated at 3 cents plus 43m options at 4 cents

    that is alot of shares and who knows how many of these broker clients are looking for a quick profit

    currently they are sitting on 200% profits and are probably lusting to cash in the profits

    ECM Price at posting: 49.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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