depth discussion

The 2.6 l;evel is holding very well.

Its an intersting scenario to see a microcap hold its ground amongst a falling market for the last week.

There have been relatively no sells at 2.6 due to noone offering them up for sale. Actually, around 450,000 shares have been sold today in total.
This tells me that the momentum will swing in ESIs favour in the short term, after a day or so of green on the ASX and DOW.

The recent Matmor announcement came at a good time, just as the DOW tanked. The details held therein were a good reminder for all as to the long term aspirations for the company and its future position in a second new industry that it will create.
So we will have new industry one - Coldry
New industry 2 - Matmor.

These visions have added up to a very steady market depth and a clear support line has been reinforced as a result.

Good luck for the next announcement to take us back into the 3's. But for now, its relieving to see how the price is propping itself based on what is being perceived to be a solid future for ESI.

Cheers

L