No chance, at least not as quickly as you think. If you think so- then what's the basis of such a steep rise in SP?
A 10c share price would value this company at a near $500M market cap. There's no way I can see that happening anytime soon, at least not until construction is well underway and/or the pilot has commenced with favourable results looking likely. Even then, unlikely.
Keep an eye on the market cap, for that's the price tag the market is putting on the company. As a shareholder... I am happy to be proven wrong but one thing the SP has going against it is the amount of confetti out there in the ether- there's almost more ESI paper than there are neutrinos.
ESI Chart Discussion, page-46
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $100 | 33.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 19062147 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12731463 | 25 |
View Market Depth
| Last trade - 15.59pm 05/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |