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7.69%

1.2¢ estrella resources limited

the fact that the option are underwritten means the urgency has...

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gapup

3,461 Posts.

43

04/06/21

12:03

Post #: 53647702
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Originally posted by Ty Cat Mac: ↑

What can one say: "it was a dog of a close!!" (just joshin' with you KD - too good a pun to pass up)

But it will bounce - eventually

Trouble is, we now have the interests of the underwriter's clients who want the SP kept low so the option holders don't exercise so those clients then get a cheap ride onto the register versus the interests of the current shareholders & option holders who want the SP as high as possible so they can exercise with confidence (Ncreen says 3c - that fills me with heaps of confidence, I don't think)

Directors have to ensure the information keeps flowing, otherwise they may be seen to be biased towards the interests of the underwriter (who has actually guaranteed the cash viability of ESR for the next 18 months or so) to the detriment of the existing share/option holders

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the fact that the option are underwritten means the urgency has gone

ESR Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.2¢		Change -0.001(7.69%)		Mkt cap ! $21.81M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.2¢	$56.87K	4.693M

Buyers (Bids)

No.	Vol.	Price($)
2	2655786	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	2732307	7

View Market Depth

No.	Vol.	Price($)
2	2655786	0.012
3	4000000	0.011
4	5762000	0.010
3	2332122	0.009
1	500000	0.008

Price($)	Vol.	No.
0.013	2732307	7
0.014	3482436	7
0.015	2803155	8
0.016	2274007	3
0.017	877864	3

Last trade - 16.10pm 03/10/2024 (20 minute delay)

ESR (ASX) Chart