The last placement puts SP at a value of about 2.5c so possible for a bit more of a drop. Though long term the potential is great so I think 3c is a pretty safe entry as long as you can stomach a possible 20% paper loss for the short term. On the other hand no guarantee we'll see those levels.
Can't see a lot of news flowing until the final funding is raised so if you're in for a long term hold (1 year+) the next couple of months is accumulation time. Slow and steady. I think in the new financial year we'll see some interesting action.
ECM Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
