How is ESR trading at 2.3 cents? The situation seems nothing short of absurd.
WMA Holding FZCO funded the last capital raise through their holding company at 3 cents, a clear indication of the valuation they were willing to back. Now, Ratta or its nominee is positioned to potentially execute their option to secure 250 million shares at just 2 cents.
The incongruity here is striking, how can the share price plummet to this level, especially when the world’s largest exporter of manganese demonstrated confidence by committing at 3 cents through WMA Holding FZCO? It almost defies logic.
I’ve always maintained that Ratta holds the key to this entire scenario, and my belief remains unshaken.
A 20% discount to the current VWAP might pave the way for Ratta to launch a 250-million-share raid on the register via a nominee.
That’s a power play of significant proportions—one that could translate directly to a seat on the board. Bring it on!
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)