>>The Directors of ECT have agreed in-principle with Monash Capital to make a placement of 300
million fully paid ordinary shares (ESI) and 300 million listed options (ESIO) exercisable at 2.0¢ on
or before 16 January 2014 for consideration of $4.0 million. ECT will seek shareholder approval
for this placement at a general meeting of shareholders, which is expected to be convened late
April / early May 2012.<<
Is this approved is it? As a shareholder I would not wish to 'give away' the shares at this price. Monash Capital are getting a HUGE discount to current SP. Yes I appreciate they should get a discount but 3 mil standard + 3 mil oppies all for 4 mil bucks. Hey... this is a rip off to shareholder. Granted we were half a cent not long ago, yet this offer put in when SP far above. Better negiators needed in this Coy IMO.
Regardless it been a good earner for 2012 to date. Big turnaround from sitting waaay below 1c for so long.
- Forums
- ASX - By Stock
- technicals
>>The Directors of ECT have agreed in-principle with Monash...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ECT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $12.68M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $7.166K | 2.052M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 20262941 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14017418 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 20262941 | 0.003 |
16 | 9142678 | 0.002 |
11 | 17800024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14017418 | 28 |
0.005 | 6082233 | 31 |
0.006 | 5339567 | 12 |
0.007 | 2995837 | 8 |
0.008 | 253913 | 3 |
Last trade - 14.38pm 20/06/2024 (20 minute delay) ? |
Featured News
ECT (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online