I was re-reading the announcement regarding the coking coal facility and feel like I am missing something.
On September 23rd, due dilligence will be completed by ECSI and a decision will be made as to aquire this coking coal facility or not.
If they decide to proceed and aquire this facility, they will issue 300m shares at 5c each to Vigor, essentially aquiring the facility for $15m + a $1m payment deferred for 12 months.
So come the 23rd, ECSI could be worth 5c a share which is 150%+ from today's closing price.
Not sure what I am missing here.
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