HappyJohnMARK JAKUBOWSKI is the investor with the option to...

HappyJohn
MARK JAKUBOWSKI is the investor with the option to purchase an additional $5,000,000 worth of ESR shares at 2c or at a 20% discount to the 10-day VWAP.
I believe that once the share price hits 2.3c, this would be the optimal time to exercise this subscription, granting MJ Ratta Investments Pty Ltd as trustee for the M and J Ratta Trust 250 million shares.

In my opinion, these shares could potentially be sold to WHA Holdings at a premium.

FYI below as stated by Estrella on the 2nd September 2024 "Estrella secures Strategic Investment to advance Timor-Leste Project"
The strategic investor has the option to subscribe for up to $5,000,000 worth of shares at an issue price equal to the higher of $0.02 or a 20% discount to the 10-day VWAP prior to the exercise date of the option, subject to shareholder approval.

Marks Investment has already increased from $350,000 to over $800,000, further has has the option to acquire a further 250 million esr shares while holding Spargoville as some kind of security