Hi SP3,
I think in this case the selling pressue is still Opes related.
The recent placement was relatively small and imo the lucky investor or investors invited to participate would have been carefully screeened beforehand by the corporate advisor who would be conscious to avoid what we typically see after a placement.ie sell down.
I think once that sell depth eases following Opes departure then the SP will rebound fairly quickly to the 10 cent mark and then upwards.
Nice board changes today. MD position change was forseeable and DB should add some unexpected capabilty.
No question things are shaping up very nicely.
But more importantly I'm looking forward to seeing who are these 'cornerstone' investors. This development/ann could in fact represent the first 'earth shattering ann' for ESI. (WEC enjoyed it with BHP investment)
Cheers,
Hi SP3,I think in this case the selling pressue is still Opes...
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0.3¢ |
Change
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Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.504K | 501.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 24264854 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 4715499 | 5 |
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