ECM chased up today.Their value based on grv and esmc call options was about 54 cents/share. Margin has certainly been greatly reduced today.
what about GRV their call opts are due to be exercised at around $3.40 and they are trading around $1.00.
Could this application of new cleaner technology to extract oil send Australian shale oil companies into orbit.
Not long to wait till we see who is involved in this transaction.
Lash.
boe call option, page-23
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