Challenge is - once again - they will need funding, and with the current SP levels in reality they will really need Share Consolidation #3 to occur.
For any holders that have been here >12 months, this will wipe out a significant chunk of their investment. For those holding for 2 years or more, approx 80%+ of their investment gone.
If anyone gave credence to the lignite market and was looking to buy ECT, IMO there is no reason to invest now until after the company has proven the appropriate funding and resources to get it to production.
And in this - their track record is abysmal.
Trust is key - buty like you I watch with interest to see the next Punt Rd move.
ECT Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
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