the lind spark and the lignite conflagration, page-9

While everyone is so bullish on ESI I think it fair to add some perspective. The 20m finance line is secured throug equity, hence very,very dilutive. Also large option issue to come. People talking about how low the market cap is need to be aware of the potential massive number of shares to be issued. Plus, they are still a very long way from gaining all finance required and you should read the last two paragraphs in the annoucement. Now I'm not saying they won't get there eventually, but talk of share price moving higher in the short term is overplayed imo.