Ann: Quarterly Activities Report, page-23

I'm sure @Pauly56 would be referring to the s/p which was last seen between March and June 2018. Obviously, the post-consolidation equivalent s/p now for his holding would need to reach 25c for break-even.
There have been some decent indications, imo, that things are taking a turn for the better at this point in time which are mostly down to sector sentiment as well as having the recent over-subscribed placement.
The only downer I'm looking at is the condition of their JV's - mostly Egina. NOVO seem to be putting their concentration into their Nullagine project and they've already met/exceeded their financial commitment to ESS' tenements which seem (dyor) to cover 34% of the overall Egina area. Any 'Decision to Mine' seems to be a long way off, however, NOVO have recently recruited a new Director www.novoresources.com/news-media/news/display/index.php?content_id=439 so there's a chance he'll be having a good look at Egina.

So, what we're left with is having to go it alone on our own projects which should be a decent kick in the ass for management to get things moving with Lithium. Sinclair Caesium would be a huge bonus too. !