9 bagger since August 27, 2024Impressive SurgeSince August 27,...

9 bagger since August 27, 2024

Impressive Surge

Since August 27, when ESR was trading at 0.04 cents, we have witnessed an extraordinary 900% increase. This remarkable growth indicates that the story is getting out there, and the change in the top 20 holders suggests that funds, which may have had face-to-face meetings with Daws and Co., are positioning themselves before drilling starts.

Significant Investment

Nothing is a given, especially in exploration, but this investment prior to commencing operations in Timor-Leste provides immense relief for us individual investors. Over the past six months, I have never seen such consistent buying day in and day out. The chart is truly something else.

New Entrants in Top 20

The five new entrants in the top 20 may well be the result of the 125 million share raise through Barclay. It's impressive that funds and sophisticated money are flowing in. Even with the extra capital entering the top 20, outside investment beyond the top 20 has also increased. We might see more new names entering the scene in a month or two.

Effective Management

Credit must go to Daws and Co. for effectively spreading the story. They are due to present again at Ignite’s Investment Summit ( https://weareignite.com/events/ ) on March 26-27, 2025, in Hong Kong. This summit will connect CEOs of emerging companies across the resources, life sciences, and technology sectors with vetted Hong Kong investors for two days of pre-scheduled 1-on-1 meetings.

Future Potential

With a nine-fold increase to 3.6 cents, is it possible to achieve another nine-fold rise from here? Absolutely. Just imagine an eighty-one-fold increase from 0.4 cents to 32 cents. Sophisticated investors and funds are undoubtedly aware of the upcoming milestones.

Funding Strategy

Securing additional funding should be a priority. Perhaps raising an additional 5 million in capital at 5 cents would be prudent to further support exploration and development.
Im excited for the forthcoming drill program release, it will provide invaluable insights into where ESR believes the most prospective targets lie.

Below are the new entrants to our top 20 shareholders as of the 7th of February

New Dawn Holdings Ltd (Position 4)

• December: Not listed

• February: 27,351,345 (1.44%)

• Change: New entry, suggesting a significant acquisition.

Mr. Joseph Jay Morrison (Position 9)

• December: Not listed

• February: 21,798,798 (1.15%)

• Change: New entry, indicating acquisition.

Citicorp Nominees Pty Limited (Position 15)

• December: Not listed

• February: 14,497,008 (0.76%)

• Change: New entry.

HSBC Custody Nominees (Australia) Limited (Position 16)

• December: Not listed

• February: 14,401,364 (0.76%)

• Change: New entry.

Mr. Darryl Shane Edwards (Position 17)

• December: Not listed

• February: 14,147,453 (0.74%)

• Change: New entry.