Going by the price action or lack thereof, the market wants and needs newsflow on what is an ambitious story. The business model is impressive but can our team pull it off is the big question?
Once the recording of the webinar is released, investors should be impressed with the discussion around the financing package - the due diligence and endeavours with prospective partners looks to be well in hand. Arne, the host, gives great commentary. I think the overall picture conveyed is is that things are finally on track, albeit that its going to be a long haul to production... but with that, a lot of milestone catalysts along the way.
As for the performances, I reckon AS needs to get on top of the pressure that's obviously being applied by disgruntled investors... it shows too readily. HR seems to handle it better by simply stating. "We are going as fast as we can.", which would be the case. Unfortunately, in this market, the heat is extreme and patience thin. The one big takeaway, for me anyway, is that we need someone like Arne Lutsch on the board to help articulate the Ecograf story to the masses!
EGR Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)