Could it be connected to a new project announcement - possibly in Armenia.
Just following the dots from the Chairman's address stating negotiations, a new substantial holder notice and a geo working for the overseas based and new sub. holder Wayne King Mining Corp Ltd.
check that here: http://www.geotask.net/clients.php
If not a new project then a hell of a dilution coming. Possible 300m new issue has been announced which could raise around $15m.
One to keep an eye on.
ECM Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
