Agree with you, there are only few holders selling out but the...

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Rthek

616 Posts.

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27/08/24

18:38

Post #: 75401079
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Originally posted by wolfk: ↑

Nan has shown ongoing frustration at the SP for a long time now.

I’ve brought up the point before that Nan has been continuing to add to her positions during dips, as well as on-market, in the placement and from AKs bulk sale. I’ve averaged her buys over the past 24 months to 13m units @1.93c per share ($252k total entry). So on that metric, Nan is down $82k on her investments.

Probably not many better indicators to a companies disconnect in trading price to it’s value when the MD is haemorrhaging.

Wouldn’t make much logical sense to throw away money like that, especially when you have the knowledge of expected sales and hold the pen able to ink new deals.

Plenty of shares turning over, anyone other than AK selling would be doing so at a loss. Capital raise participants down 37%. Myself included, were calling for a higher cap raise price, then Nan had eluded to the fact she was buying under 2c and we all had the opportunity to enter then (we were trading at 2.5c at this time). I hope that history repeats itself and Nan adding at these levels is a sign of confidence and value. It won’t take much to see ECS fly again back to mid 2s. Bells has it in their best interest to get it above 3c and exercise their options.

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Agree with you, there are only few holders selling out but the effect is huge because of the lack of market confidence in the sector. companies after companies are on the verge of closure, our regulations are a joke - Canada may dump its products here but no one is allowed sell in Canada. Hope our expansions restore our profitability.

ECS Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $19.32M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$68	4.553K

Buyers (Bids)

No.	Vol.	Price($)
15	3705477	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	421949	4

View Market Depth

No.	Vol.	Price($)
15	3705477	0.015
3	424285	0.014
6	1003961	0.013
4	700000	0.012
1	25000	0.011

Price($)	Vol.	No.
0.016	421949	4
0.017	1047611	4
0.018	902828	3
0.019	2051315	7
0.020	1224441	5

Last trade - 16.10pm 05/11/2024 (20 minute delay)

ECS (ASX) Chart

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