RE: "EC is just starting !" Its final decent...?Today they announced to have closed "a first tranche" of a bit more than 3 million units through "General Research GmbH", that is a German IR company that does not have a particular good reputation.
This also means, that they imho have problems selling the shares on their home (Canadian) market, which would not surprise me, as the Canadian investors are usually doing a much better due diligence on resource stocks than my fellow German countrymen. I would (again) encourage everybody who intends to invest in EC to read the last couple of quarterly/yearly reports and pay particular attention to the miss-balance between exploration expenses and administrative costs such as travel, wages, office etc.
If they are successful in raising 4 million it will
a) hardly suffice to cover the outstanding debt and expenses
b) best at all support a very moderate small scale exploration on RZ
as the admin costs average +2mio/quarter.