Agree with the sentiment. I took the opportunity to increase my...

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21/05/25

21:02

Post #: 79139310
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Originally posted by Timorlad: ↑

Unreal. Estrella locks in a deal to monetise 500 million tonnes of limestone — turns waste into cash — and the share price drops 0.1c?

REM is on the hook to deliver the 500 million tonnes sold.

Not theorised, not planned — sold. That’s performance-based structure at its best. And let’s not forget, this limestone is the overburden sitting right on top of the manganese. It had to be moved anyway. Now it gets turned into hundreds of millions in profit.

Do the maths — even at $10 tonne and a conservative 20% margin, you’re looking at $1 billion in net profit. And Timor-Leste is next door to Indonesia — low freight costs, massive demand, it all lines up.

But sure, let’s mark it down. Meanwhile, junk announcements with no revenue and no plan rally like it's 1999. No logic. No patience. Just noise.

This deal is real. The tonnes are real. The profit is real. The market will wake up — just not today, apparently.

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Agree with the sentiment. I took the opportunity to increase my holding by 10% — the deal makes sense and adds value without the usual hype.REM isn’t on the hook, but the structure rewards performance. Turning overburden into a potential revenue stream is smart.If Estrella sticks to the new mining code and progresses accordingly, this could quietly become a strong part of the story.

ESR Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.5¢		Change 0.001(2.27%)		Mkt cap ! $92.33M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.4¢	$67.08K	1.514M

Buyers (Bids)

No.	Vol.	Price($)
4	530050	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.5¢	27057	1

View Market Depth

No.	Vol.	Price($)
2	176505	0.044
7	1035223	0.043
7	972000	0.042
5	655955	0.041
8	1464905	0.040

Price($)	Vol.	No.
0.045	28745	1
0.046	649704	3
0.047	786929	4
0.048	183894	3
0.049	2170190	7

Last trade - 11.02am 16/06/2025 (20 minute delay)

ESR (ASX) Chart

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