50c is just blatant ramping SP3.
Fact - intersuisse report commissioned by ESI and paid for in ESI shares stated that if/when the Loy yang plant gets off the ground taking into account the revenue stream likely to be received by ESI a potential price target was 12c.
That is 12c before all the recent dilution we have had - so now it would be more likely 9-10c.
you could maybe factor in some hubris for other deals being announced but 40c worth of hubris is rubbish.
appendix 3b, page-39
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