ECE - E-com Multi

[CATAPILLAR]

Has anyone on this forum got any Ecom Multi shares

 

[Albi]

There is no posting on this thread. It is now moving. I had a very small parcel. It opened at .007. I am doing reasearch as i find something interesting, will post it.

 

[philly]

ECE is now a mining company what a turnaround that is. I hope the Board know what they are doing. This is a brave new world for us shareholders. Anyone out there know much about the iron ore industry?? I know where the Pilbara is and that there is iron out there I guess so that's a start. Wait and see what the market thinks.
I hold a small parcel.

 

[lemontree]

The news seemed to be good, except one of the requirements for the option to acquire the Wonmunna and Uaroo project to go through is:
"ECE completing a capital raising to raise a minimum of $37,000,000 or up to
$45,000,000."

So either they don't manage to raise the capital and lose 2million upfront or they do succeed however leading to significant dilution. That's just how i'm interpretting the announcement. Anyone else have any insight?

 

[ASXStockSelector]

The news seemed to be good, except one of the requirements for the option to acquire the Wonmunna and Uaroo project to go through is:
"ECE completing a capital raising to raise a minimum of $37,000,000 or up to
$45,000,000."

So either they don't manage to raise the capital and lose 2million upfront or they do succeed however leading to significant dilution. That's just how i'm interpretting the announcement. Anyone else have any insight?

I agree with your statements and interpretation. The $2 million is non-refundable and in order to acquire the project the option must be exercised. The option can only be exercised if ECE raises between $37 - $45 million.