esi future

Ive been watching ATI recently, no propping, no depth.... just solid relentless buying.

Very inspiring trading compared to our present ESI P&D cycle due to Tincom uncertainty.

ATI are a largely Viet based resource coy.

There is almost ZERO ATI hc posting...just obvious insto buying.

Their ann was 8/4. That was 2 weeks ago and the real buying just started a few days ago. Instos are the target...and ATI have their attention.

Shows what will happen with ESI once certainty with Tincom is realised. Instos wont be waiting for FS outcome...they will likely buy when Tincom show them the money....they wont want to be left with no exposure to something as potentially huge as ESI.

Oz instos have suffered immense shame for refusing to back FMG in its early stages. I reckon small instos will jump at it once Tincom money is done.

WEC now has a mcap of $850 mill. Hows that - $850 mill with a lousy 1mtpa plant in Indo 30% producing atm. They are managed well with a different product/market (and no Matmor)....but even so - instos will be lining WEC up against ESI for sure.

WEC predict 45mtpa by 2015 (Analysts say 2018)...ESI predict conservatively 15mtpa by 2015 (see recent preso). Matmor will be pilot planting producing by then as well.

WEC $850 mill...ESI $50 mill f/diluted. I reckon people at present are also not realising ESI and WEC are not competitors that define their destinies.

It puts to rest the idea WEC is two years or whatever ahead of ESI. They are not. They both primarily operate in a different market. WEC clearly operate with a confidence that sub bit is theirs. Well done. ECT clearly have lignite stitched up...Tincom/Poland etc.

WEC's time advantage on ESI is that ESI didnt snitch the sub bit market from them as well. Indo ESI deal highlights that. ESI can obviously compete with WEC in the sub bit - but a minnow can only do so much with lignite/Matmor as the objectives.

Seriously - once Tincom is funded Kos must employ, employ. Make a small placement at 8c to raise say $5 mill (oppie convertion) and employ, employ.

ECT/Intersuisse need to shine through here....roadshow, roadshow.

Anyway - ATI is a good indication of where ESI need to be...