Not sure mate I didnt see that. Just thinking that we had $5.5m cash for memory. So capital raising doesnt make alot of sense, if they are drilling to grow their resource the share price should go up over the next 12-18 months and they can capital raise then at a much better price. Only reason I can see them raising now at 13.5c would be that the drilling is terrible but they probably wouldnt even know much about the drilling yet because it wasn't that long ago.
Thats why I think its going to be a big investor, and that would be great more money and a big backer should push us close to production
ESS Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
