Rupe
Given you are the most knowledgable on this forum I will address this question to you.
Any idea when ECT will close the shortfall raising given they have "significant interest"? Do you think the "significant interest" will is conditional subject to finalising a deal with Tincom or someone else?
What doesn't make sense is that they have "significant interest" and yet the shortfall is open for another 3 months?
Is is likely that the placement recipients is unrelated to Tincom?
The share price will never move unless the raising is completed.
What concerns me is that if the placement is completed by December, it is very likely there will be another raising early in the new year to pay for stage 2 (ARUP work).
I know you said there may be an announcement shortly, do you think it may relate to something left field such as a new plant development outside Australia?
So far you have predicted correctly (ie Tincom returning)....so given you're on a roll you might as well speculate more.
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tincom says yes, page-8
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