ECU
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3.85% 25.0¢ eastern corporation limited

why so cheap?

  1. denpal
    3,851 Posts.
    lightbulb Created with Sketch. 68
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    20/03/10
    16:45
    Post #: 6476170
    OK this looks ridiculously cheap.

    MC $30M, $8.5M due from sale of Broughton in a few months, earning modest profits from NZ coal operations, beneficiary of $37M AGL farm-in to 529P, 20Tcf target, making a bid to take over 100% of Galilee of which it owns 68% already.

    Chart shows positive divergence on RSI and MACD, doji on the weekly. Added to my watchlist.

    Interested in others opinions.
    ECU Price at posting: 30.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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