"For a fairly positive ann' I was a little surprised by the sell down to .015c."
____________________________________
I can think of a few reasons for the sell down.
* market is expecting the "biggie" - saw the TH - thought this is it... and some got it wrong (or right depending on the "biggie" outcome)...?
* the heading "capital raising"...fear to begin with. Entire $2.5m now at 1.35c ?
* ann 2:55 -> trading 3:20 when holders thought it would be 24hr. Not long to read and maybe a dose of "herd mentality" crept in?
* tighhht ship ECT...no leaks? Seems market was caught unawares?
The definites from today are:
* HC/Alcatraz downrampers can never again ramble on all day with thousands of words (Im always amazed at that - I call it the "Frustration scale" based on the Richter scale) about what ECT need to submit to qualify for ALDP EOI $90m funding. They will find another subject. Next.
* ECT are serious ADLP Pilbara players.
* Monash are stillll here.
* World leading Arup chose ESI shares instead of cash. Why do that?
* ECT could have easily sourced INSTANT $$$ elsewhere - remember the entire $2.5m is NOT needed today...could be over a few months. Easy task.
* DFT is sorted....yipppee - this alone will excite some as its been many moooons coming. Remember the "co-incidence" of DFT 1 completion ~Apr and the sp gallop off 0.5...and AGL's 100% move at a similar time etc etc etc? DFT is the reason.
* There is an AGM line in the sand re the left field biggie.
* Never been a more interesting week in ECT's history coming (more like 36hr imo)...
ps...our votes alone (sent in a week ago) were enough to sink Res 1 - we have decided to rescind them on the AGM day. Our decision had nothing to do with this ann or any coming.
Nice work ECT.
tick tock indeed...
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