These results just keep creating further pressure on these new investors to start taking a position now, we already know there was an investor who took a position last week when they were in Hong Kong/Singapore, I do recall a single order of 4.5m shares that started at 1.6 and kept increasing their bid throughout the day just to get in (so around $75k position alone), one would bet that was them.
How many other deep pocket investors from the roadshow are currently doing their due diligence on the company and may look to take a position? Let's not forget we have WMA and Ratta also wanted to take a large stake in the company, so I feel this will eventually just create further pressure for them as each wants to take a position buying on market. The company has the cash to get us through to drilling, and if we're pushed above 2c then it's highly likely another $5m will hit the bank. I do get some may be waiting for a drill to hit the ground, but at what cost if this continues to tick up week on week?
IP works continue out on site, and hopefully the permits could come sooner than we think. I see all this information just creating a spring which will eventually release and see another re-rate of this stock. Old Nickel investors have sold out, and it looks like we're getting a few larger holders who clearly see significant value in us.
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estrella resources limited
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $106.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9500 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 54392 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9500 | 0.060 |
1 | 11488 | 0.056 |
2 | 54300 | 0.055 |
1 | 40000 | 0.054 |
3 | 127200 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 697579 | 3 |
0.055 | 515001 | 5 |
0.056 | 120408 | 2 |
0.057 | 77000 | 2 |
0.058 | 200000 | 1 |
Last trade - 16.14pm 20/06/2025 (20 minute delay) ? |
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ESR (ASX) Chart |
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