ESR 0.00% 0.4¢ estrella resources limited

Last sold for 25mil before Dundas (?) into receivership. Had...

  1. 437 Posts.
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    Last sold for 25mil before Dundas (?) into receivership. Had contracts in Europe for supply. Was looking to employ between 150 to 200 local people and specialist workforce but never eventuated. Mallee bought company and their assets and looking to re instate production following their SH approvals. Found it interesting that CD had said what did in interview about acquisitions and therefore income stream (and SH value) as I have not heard this in the two odd years have held. I do like listening to CD talk about Ni and the Ni market and the uniqueness of CB. It's his jam, that's for sure

    Stability with the LME is something needed in short term for miners and explorer's. I am kind of not expecting this to do anything significant unless slay that Ni dragon, until FY 23/24. For that reason greatly reduced holding but back but should we go back to the low lows will grab some but if we arse new highs due to an irrational market or finding that 150thou resource then happy days.

    Good find and post. Thanks mate.

    Just a reminder too of just how vast and huge the area being explored is. Lots of room for elephants to hide. Going to test patience and that's the trouble with boss enthusiasm sometimes. Gets me dreaming when the reality is different, has me thinking it's closer than it is. That it's elephant season when it's duck season. These guys, still building the picture and understanding. Will come a time, just like CHN when the model indicates, drill here at this depth and they do and hit it.

    M-SC posted a video a while back of CHN. I remember them saying they could have hit resource 12 months before if they had just gone a bit deeper in one of their holes. Another thread, AOU or maybe SGQ a lad drilling on site recounted being something like 30m away from the hit at one stage and was eventually hit months and months later.

    CD has also said it's deep, so no surprises there.

    EV still a long way to go and Russia on the outer means both demand and supply are bullish for Ni/Cu/PGE. We also likely have Au.

    Last few years hasn't exactly been fun but has had its moments. There is going to be a time when the corner is turned, just want to still be holding if that happens and sane and of sound body and mind to enjoy it!

    Unprecedented I believe CD used. Certainly are interesting and unprecedented times.

    I am aware also, likely many who hold whose average up in the teens somewhere, as mine was. Hopefully, prosperity can prevail over time for all holders regardless of average and size of holding.

    Either way, lucky to be in lucky country. Off to swim with the Great Whites. Here's to a good quarter





 
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