ESR estrella resources limited
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Ann: ESR secures Strategic Investment to advance Timor-Leste, page-6

  1. bkkrider
    122 Posts.
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    02/09/24
    10:20
    Post #: 75483377
    I think this is a positive. Sure, someone just bought a 20% discount on $5 m for the future but paid a 20% premium for the current $350k. Or did I miss something? I originally bought in for the Ni, that didn't eventuate but they pivoted quickly. $5m capital injection (subject to..) gives them plenty of options to continue in Timor but obviously a strategic investor is only going to front up more $$ on the back of results. Could get interesting in the coming months.
    ESR Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 6  Great analysis
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4.9¢ 		Change
-0.003(5.77%) 		Mkt cap ! $100.5M
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5.3¢ 5.3¢ 4.8¢ $233.8K 4.612M

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