ESR estrella resources limited

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

  1. 122 Posts.
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    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.
 
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