Since ESI’s Feb 13 move from 0.5c (MNM 15c at the time) ahead of the Feb 24 AGL 100% ann - to 1.9c now - MNM’s sp has hovered at 10-15c despite the “coy making” Exergen plant commitment and MtM ILUA.
Why?
Afterall we hear the talk that MNM are effectively a vehicle for Exergen - and some reckon Exergen are the tech driving the Pilbara.
Why has the market been rewarding ESI and not MNM at this time?
MNM has ann most of its goodies already that holders had long looked forward to... (Exergen JV/MtM ILUA) - JORC will be yet another fizzer imo...BUT ESI has not even STARTED announcing anything concrete YET (4 bagger already for some)...potentially MAJOR sp propelling multiple ann's coming rapidfire (imo its soooo obvious WHY you guys post all day here - you KNOW the potential...true?).
Regarding the GEAC MoU - AGL were always MAJOR s/holders...32%...now they are 100%. Do some folks realllly believe the MoU is now void considering the below? _____________
Kranky/bogs - bare in mind ECT/ARUP are factually spending millions at AGL right now and have been since last Oct.
Prior to Feb 13 ESI had no volume and no sp movement for many many months...then BANG and on Feb 22 a speeding ticket...AGL 100% Feb 24.
Kranky/bogs - is the above an amazing co-incidence/hoax or some elaborate P&D ?...OR could it be ECT/Monash/IMFA are indeed going to build on AGL turf?
Your thoughts on the above guys? Is the chart lying? Not interested in going around in circles - just give me a coupla hundred words (of the ~ thousand that you guys type every day) on the chart movements from Feb 13 on and the possible reasons.
tick tock...
ESI Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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