EOC 0.00% 37.5¢ endocoal limited

tinkler and eoc, page-15

  1. 9,933 Posts.
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    Yaqona, dataroom also openned to parties interested in potential JV for MDS and later down the track Rockwood.

    Very limited free float now as retail clients have mostly left post IPO disappointment. Additional raisings shortfalls have been taken up by instos/wholesale clients with 2-3 year view. Any recent action I reckon has in part been from parties in the know that have attempted to cap the price as they have tried to get further set.

    Tinkler has been able to spruik Aston to make it's valuation verge on outright expensive against peers. Moreover, their proposed projects aren't the cheapest in terms of capex/furture production which means the ROI/IRR can only be modest to okay. EOC directors made the right call as it would have severely limited the options and ability to extract significant future shareholder value.

    Anway we'll have some news shortly on MDS BFS. My tip is it will surprise on the upside.



 
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