What I'm hearing is that a large chunk of the promised water contracts are coming through. Also the possibility of a large joint contract in N.S.W that wasn't previously mentioned. I'm told the other tender companies are aware they have lost the bidding process.
Possibly they are the ones doing a bit of buying.
On Enersludge - ESI will cut back it's expenditure. May announce another partner in Japan shortly, possibility of small plant in U.S and still in running for 3 in Europe. (I'm not holding my breath though).
I'm led to believe the current rally is due to water contracts and ESI returning to profit on the back of them.
this from another forum.
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| Open | High | Low | Value | Volume |
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| 0.2¢ | 52511638 | 16 |
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| ECT (ASX) Chart |