ESR estrella resources limited

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Ann: ESR secures Strategic Investment to advance Timor-Leste, page-9

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bkkrider

122 Posts.

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02/09/24

11:44

Post #: 75485919
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Originally posted by nannook: ↑

Yes you did miss something Bkkrider. He has the option to put money in at 2c or 20% discount to the vwap whatever is the HIGHER. So 2c is the floor. Mind you the Nickel is still there. There just is no point in drilling nickel at the moment as you would not be getting any value for your results. We are fortunate enough that Car Boyd does not cost us much to hold and our Nickel rights at Spargoville cost us nothing to hold. The Timor Leste project is highly prospective and after having some key manganese players up there last couple of weeks the company is very happy with the direction that we have taken. Have a look at the maps and you will realize that unlike the majority of other Manganese deposits (apart from Groote Eylandt) our logistics are extremely favorable. We are also a lot closer to the end users than a lot of the other areas that manganese is mined. And above all our grade is very good. Our exploration costs up there are also very favorable as compared to Australia. We are excited to start the drill rigs turning. Go Estrella.
Shame Elvis left the building.

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Didn't miss the 2c minimum (4x current prices). That's telling us this angel investor is seeing the share price above 2.4c in the near future. Been a while since we've seen that number (and I'd have a nice profit at that level). Lots to be positive about for a change with this stock. I'm still on hold simply because I've seen 3 false dawns in ESR, not banking on a real one just yet.

ESR Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.1¢		Change 0.000(0.00%)		Mkt cap ! $104.6M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.0¢	$159.6K	3.126M

Buyers (Bids)

No.	Vol.	Price($)
4	216442	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	100269	2

View Market Depth

No.	Vol.	Price($)
4	216442	0.050
7	610496	0.049
6	343027	0.048
5	315725	0.047
2	550000	0.046

Price($)	Vol.	No.
0.052	14406	1
0.053	951000	4
0.054	600000	3
0.055	300000	2
0.056	670000	2

Last trade - 15.58pm 27/06/2025 (20 minute delay)

ESR (ASX) Chart

Ann: ESR secures Strategic Investment to advance Timor-Leste, page-9

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Ann: ESR secures Strategic Investment to advance Timor-Leste, page-9

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