Ann: ESR completes $1.25M placement, page-2

First tick

I acquired more Estrella shares today, capitalizing on the secured funding through the placement at 1.5c.

The willingness of some to pay a 7% premium to secure a large parcel of ESR speaks volumes. Additionally, today's churn of 24 million in volume intrigued me and led to my next indicator.

When I see a substantial change of holdings announcement, which I anticipate shortly, I will further increase my holdings.

Another key indicator will be the release of a drill program by management. If drills are sourced and deployed to the correct assets in Timor, I believe we will witness investment flow from multiple suitors on results Management are clearly expecting.


This makes the current funding of $1.25 million extremely important. While this won't be the last funding sought by the company, I dare say it will be the most significant.