I think the CR will be for 3-4 Mil with same current price +-10% , that would give ESH a good run for 3-4 QRs till the money start flowing ( but wont be enough by then ) & the main issue here with ESH , is the amount of Oppies (200MIL with 5C Ex price with only 6month to Go) - ( 10MIL AUD expected if those exercised ) , if those are not exercised ( i.e if the price didnt fly to 10C ) another CR should come on the end of 4th QR after this current CR , which will put more pressure on the SP , the only hope is to get 200K profit next Qr , 350 the following then maintaining that for a 3 Qr to prevent the 2nd CR and which might push the SP to 6-8C that gives good window to oppies holders
ESH Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
