Not so much even the management, St Rizzo can only work with what he's got.
The lignite to clean hydrogen/chemicals 'company maker' that was a sure thing for the hydrogen revolution and would be the utilisation of the abundant feedstock that closed down regional mining /employment communities hoped for. Plus a site at Bacchus Marsh to showcase and demonstrate ECT's working technology to investors?
It required a processing train and infrastructure that was never built. ECT doesn't have the funds to do so nor is there any interest from venture capital to invest, despite the symposiums, conventions and presentations attended.
ECT is trying to scrape together enough money to get a kiln working, not to produce hydrogen (so they can't even run the useless Panasonic hydrogen fuel cells they expended money on for who knows what) but to produce char to try and sell to generate some income before it goes bust.
A green lignite to hydrogen/chemical refinery and technology park is what was touted to the punters.
How much would the share price be for that?
What we are getting is a char kiln in a derelict depot in Bacchus Marsh (if the capital can be raised).
How is that supposed to re rate ECT as a successful green industry producer and leader instead of being a small lignite repackager and char depot to increase the share price above .006?
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Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $93 | 40.51K |
Buyers (Bids)
No. | Vol. | Price($) |
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60 | 31018520 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 13974748 | 32 |
View Market Depth
No. | Vol. | Price($) |
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60 | 31018520 | 0.002 |
26 | 36001532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 9813441 | 31 |
0.004 | 7713019 | 12 |
0.005 | 3676859 | 23 |
0.006 | 3178567 | 7 |
0.007 | 918333 | 2 |
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