Ann: Quarterly Activities/Appendix 5B Cash Flow Report - Amended, page-7

Hence why I am genuinely interested in Ratta’s buying activities, which are pushing us closer to that 2-cent decision mark, Why?

The feasibility study will follow the drilling campaign. Honestly, I doubt that Estrella or Ratta anticipated in September, when the share price was at 0.5 cents, that we would be trading close to the 2-cent execution price.

The feasibility study is a subsequent step after drilling among other steps (refer to my previous post for the timeline to production).

I estimate the feasibility study will be completed in approximately 3 to 4 years, potentially around mid-2028.

By that time, I expect ESR to be trading at a significantly higher price than today or not listed at all (take over or bust) .

The issue for Ratta lies in the fact that the VWAP share price if everything goes to plan will be sitting at multiples of tadays price.
It's also unrealistic to keep a share suppressed for 3 to 4 years if things proceed as planned.

If a change in substantial holding notice from Ratta (currently holding 4.85%) is announced, it's time to Buy! Buy! Buy!