EGR 4.35% 11.0¢ ecograf limited

I think you have to stand back a bit on this one. Large...

  1. 361 Posts.
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    I think you have to stand back a bit on this one. Large institutional funds aren't going to buy at current SP after a big spike in a volatile market. There is too much risk for them. There has only been 1 day at a substantially greater SP than the raising price and there is no certainty that this will continue, stabilise or retrace. There has also been no substantially new news to justify this rise just a change in the EV investment climate and an awakening to the EGR story that we all know so well. What this raising does for us is to guarantee that the plant will be built and promote us from the ranks of wannabees into producers with a revenue stream next year. It is the prudent thing to do to take the money now and accelerate the raft of upcoming projects. There is more than enough here for the SP to continue its climb. My feeling is that there will be a momentary pause whist the significance of this sinks in and then we'll be back moving higher.
    https://hotcopper.com.au/data/attachments/2892/2892534-47b073d6ad476b557df66a7079eaba8d.jpg
 
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