Bell Potter now say :
"We believe that the technology works, but the commercial application of the technology is yet to be proven."
WEC had the "early mover advantage" - together with a great management/director team that held major share holdings. The "clean coal" dream got the instos investing BIG...however the TECH didnt prove.
WEC had a mcap of $1200 mill - interestingly based on a thermal coal price of about $70 (presently about $120) - WEC had nothing.
Anyway - putting it all together - assuming DFT Stage 1 is completed successfully as we logically expect (something left of field before?) - ECT present mcap of $7m has to be heading more towards the WEC one time mcap of $1200m
Tell me - how did WEC have a mcap of $1200 million when they had zip...and the thermal coal price was about $70 as opposed to the $120 now...
If the tech was proven - their WEC mcap could theoretically be double the $1200 million....$2400 million
The above shows the insto "eagerness" to invest in something they "believe in" clean coal - and drive it to "crazy" evaluations.
I'm looking at it this way:
* WEC have strong directors/management - weak tech
* ECT have strong directors/management - strong tech
New ECT Directors have kicked some major goals in their 5 mths...
Interesting Jan!
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Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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43 | 16855630 | 0.3¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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43 | 16855630 | 0.003 |
26 | 16475353 | 0.002 |
11 | 17969024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14631407 | 27 |
0.005 | 4809313 | 28 |
0.006 | 5972900 | 12 |
0.007 | 2628334 | 7 |
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