it’s a bit confusing as saying final payment for the bulk sample was paid just after the qtr end for approx $130k yet earlier it says similar arrangement for the 418wmt will be based on April WAP. It won’t be much more to receive if anything, considering wat was received to date.
The confidential contract must have some thing further involved however the change of strategy now maybe suggests not. Initially my thoughts of a buyout or JV was on the cards, I certainly still hope so but becoming more cloudy recently.
The continuous delays of the DFS, the cash burn and yet still no outcome def does not deserve a pat on the back for management. 2 previous CRs to fund DFS and nothing achieved now except for an empty bank account. The whole management team need to step down now as between CB and Spargo, for such an apparently very experienced team, they have made a mess and truely f__ked things up. The only thing they haven’t got wrong is paying themselves wages.
Options once again looming to expiry and SHs going to lose out again. I would say if they do it is def end of this management if not the end of ESR
ESR Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)