EEL will install its Turbine on the 17/5/02 only 14 days away.. expext some media at the Gold Coast "Green Waste to Energy" Facility.
Recent low volume down trading I believe has been in an effort to coax a large share holder in to an off market trade which to date has been unsuccessful. (The games people play)
I think EEL with it's new finance arrangement, its $8,000,000 fee which is due for the completion of the Dalion Coal Gasifiation plant in Asia, as well as the successful launch of the Gold Coast Power Plant will see EEL stock move north over the next 2-7 weeks.
The power to be created from this plant has been facilitated by ENERGEX and has been on-sold to Energy Australia.
Assirt Equities valued EEL shares at $2.10 per share before xmas if the company could secure finance and establish the proposed plants. Well its all happening (see company announcements).
I am looking forward to a much higher trading range in the near future..
