d day, page-50

What most fail to realise in this context is the issue of exchanging shares between stakeholders who are intimately involved in this process.

The very fact that price is allowed to go this low with such wide ranging developments around the corner only lets one speculate that several mouths are fed before news arrive.


To analyse such swaps it helps to look as well as the detailed trading.

The 8.5 mil buy added at 0.8 cent was put in place BEFORE the latest 3B came out. Fair to assume that this entity which placed the order was aware of what was to come.
An 8.5 mil bid is serious money for a small cap spec stock, no doubt there.
This bidder was in no hurry to buy at 0.9 asking price as he, most likely, was aware of what was to come within the next days.
The recent newsletter pushed price into 0.9, nearly wiped the line, just a day before the 3B, all coincidence?

Yesterday, briefly before the Arup dump, another 3 mil were added after an entire day of inactivity, interesting timing there.
If those buy orders were supposed to stack the buy side in order to trigger buys into 0.9 cent, they would have been placed in the morning.



Current trading is an obvious exchange between parties who either want to be paid now or want, on the other hand, purchase at bargain prices.

There are many parties involved in the BCE story and particularly in the ECT setup, not just Monash and Arup.




In my humble opinion, what we see in the moment are cheap hand outs to parties within the inner investment set up for coldry and its commercialisation around the corner.
( in my personal view, the fact that ALDP news were delayed by 2 to 4 weeks allowed yet another Arup payment and hence further handout to parties involved, we should look now at this process to be finished as soon as internal confirmation of the ALDP funding decision which points towards mid July )

Have we seen this before?
Plenty of times.



Compare falling share prices and stagnant price levels at ridiculously low levels before major runs on other companies, especially, but not restricted, to spec companies on the ASX.

This capital exchange practice will continue as long as it takes, there is nothing that common shareholders can do about this but wait for it to be finished and news to arrive.



My personal advice, buy on ridiculous dips, otherwise rest assured in your own research and let time pass up until funding details will be shared with the market.


In all honesty, what difference does it make whether we are sitting at 0.7, 0.8 or 0.9 cent within the bigger picture?
This future of coldry will be shortly decided regardless of our current share price, it is more or less meaningless as nobody in their right mind would trade ESI at the moment for pips.




The contrarion view in this context seems to be the intriguing momentarily, there would be no swaps and share exchanges ongoing if there would not be an enticing outlook ahead, there would simply be no buyers arriving at such regularity for the dumps from Arup.