Looks like Motley Fool have changed their thoughts on ECT and see the potential unfolding here.
http://www.********.au/2015/12/14/heres-why-these-4-shares-soared-on-the-market-today/
Finally, shares in tiny microcap Environmental Clean Technologies Ltd. (ASX: ESI) also soared 26% today after the company announced government approval to proceed with the usage of its patented low-emission MATMOR iron making process in India. While a positive for the company, it still has a long way to go to achieve profitability.
The main advantage, other than the significant reductions in CO2 generated during production of the crude steel via Matmor technology, is the much lower cost of the reductant used to convert iron ore to “pure” iron.
While Iron ore prices are indeed extremely low, and the technology is able to derive value from using lower grades or ore (fines, which sell at a discount), the different type of reductant (lignite vs coking coal) is the main source of competitive advantage.
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $892 | 297.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 16992765 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14181407 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 16992765 | 0.003 |
27 | 16742019 | 0.002 |
11 | 17969024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14181407 | 27 |
0.005 | 4809313 | 28 |
0.006 | 5972900 | 12 |
0.007 | 2628334 | 7 |
0.008 | 252213 | 3 |
Last trade - 15.58pm 22/07/2024 (20 minute delay) ? |
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