ECT have indeed been through the blender wrt CRs and there's far to many shares on the register now; a consolidaton is needed; but saying that, ECT have made much greater strides than IK has managed with MNM when you think about what they propose to bring to the table; it's been a long road for ECT shareholders but I do think they will be rewarded , but they may still need to endure some further frustration; Matmor isn't going to happen over night , but I feel it will get a few medium to long term investors excited enough to positively impact the SP and shall happen soon enough.
The Foz sure has had an impact since his arrival, but that relationship with Menzies has hung out like dogs balls and people can say he stepped down from GW etc etc and so everything is hunky dory ; but human nature lights the skeptical thoughts up and how the pump ,dumps , accumulate, disperse seemed to tie in perfectly with T20 head releases and zero option T20s just stank I reckon.
10:1 consolidaton would do a lot for the stock ; taking those big arsenal holders of 60-100 million down to 6-10m and culling those 10-15m dumps which just ground many a medium / long termer down in the end causing them to walk.
Saying the above , I think ECT are on the cusp of something that's either going to make massively or break the company and because 'matmor' is potentially such a disruptive technology and NLC have publically stated their intend in moving to the steel stage , whilst also knowing that results thus far have been impressive.....well it's not hard to think that this thing could be absolutely massive; blending that thought with how ridiculously manipulated it all seemed a few months ago; something just smelled. Those deep in the know we're soaking up and bedding in I reckon , but personally I had enough and walked after that BS ann of 'financing' which ended up to be a Monash part II.
It's all about funding with ECT now; would I invest based upon a favourable decision by the Aussie government to provide tax rebate etc to ECT; no not a hope.. they are nothing but a bunch of fools... I mean, take the ALDP circus... millions of dollars in funding on the line; gave it to the Chinese who fired it back and then tripled lignite mining tax lol!
Would I invest based upon ECT management , what they say and what they promise ? Nah; but the tech Matmor is something that will make fools look like geniuses ; whilst the only genius is Keith IMO. ECT will probably just fall on greatness based upon one mans passion for science.
Mantle ..... Blooms ; I see absolutely zero future for Mantle, especially with IK on board. It defies belief how that guy is still running the company; he doesn't have a clue ; zero communication with shareholders ; story followed but CR and so on. Exergen have moved on; there not going to be any LV project , Dice is never going to to happen. Norton is a joke and the star is totally uneconomical; seriously , who is going to invest in (1) lignite (2) an oil tech (3) an abandoned gold mine resurgence project.
