re: coldry is the best coal drying technology ... footyI have...

re: coldry is the best coal drying technology ... footy

I have not held any significant ESI holding since the great SP rise of 2006. I got caught holding shares in the original ESI, which went into administration in 2005.

I could not believe my luck when those dead and buried shares came back to life when coldry and matmor got parked in the esi shell in early 2006.

I still find it staggering that 190 million shares got created in ESI at $0.001 in 2006 when it was re-birthed, and within a few months punters were shelling out $1+ for ESI shares - i.e 1000 times the issue price of the new shares.

and the asx and asic did not bat an eyelid about that.

market gravity has taken 5 years to bring sanity back to the ESI SP.

with a MC of $5 million at 0.005 you can still make a good case that it is over-valued.