Its too early to tell but two things about the volume of trading today:
1) It could be massively undervalued (I know use your imagination) and figures are not being provided regarding the revenue potential, these announcements are Year 10 school assignment level stuff, it could move and very very fast as it now is a relatively small amount of units on market and it would take just one serious buyer to move it hundreds of percent if attacked on market
Perhaps the Saudi connection have not done their home work and realised they could write a cheque and buy the entire entity for under two million AUD, imagine if they decide to start getting an equity stake whilst they can to maintain and assist contractual conditions post the initial 12 month trial agreement, sp will soar potentially????
2) Lets face it they are very cheap right now anyway, it dosent help old schoolers but for new entrants it could get funkadelic right now, so I am expecting serious day trading potentially but pre con levels are still thousands of percent away.
Moooooooo.
Getting interesting but I am not buying any more personally. Good Luck to All if this goes Wild it probably still wont save me though I am 26 cents away
ETC Price at posting:
0.0¢ Sentiment: None Disclosure: Held