Morning All
People have compared us to GL1 and rightly so with similar sized resource
- though we should take a look a their chart for comparison
We can see that theGL1 sp was hovering around the 40c level until the Cornerstone investor announcement early Nov which saw a re-rate to 60c level. thats a nice 50% increase here.
The rest IMO is all Li Price related from late Dec to now
GL1 had 15 trading days to go form about
60 to the ATH and settling on about 1.55- are they going to see consolidation at this level?
-
ESS has had 8 re-rate days so far - could this indicate a few more days of re-rate?
If we were to match GL1 Market cap of 274m we should be about 1.15?
However we don't have the cornerstone investor as per GL1 just yet
- so our current fair value is the $1.15 minus the value the market applies to a cornerstone investor.
IMO its still above where we are now.
GL1 Chart
ESS Chart
Have a great day today,
Dow and Nasdaq down overnight, not that it stopped us yesterday!
