Good posting NT.Invertedva, ESI has done well to survive the...

Good posting NT.

Invertedva, ESI has done well to survive the GFC. There were moments before the GFC when ESI was on very shaky ground (understatement), however the team albeit new team have made very serious progress from where they were two years ago.

If the SPV becomes "official" with Tincom, the turnaround has been remarkable. First deal is the hardest.

Is is smooth sailing from there? no not really. Is it a major de-risk? yes it is. After SPV all eyes focused on proving up the commercialisation on a big boys scale, will it be a success? will it fail? I dont know, maybe that caps the SP until that "hurdle" is cleared.

I wonder if the instos are sniffing around yet? maybe they are waiting for a couple more milestones. Until then I see the SP moving all over the shop and not for the faint hearted. As NT mentioned "the shakey ESI base does not preclude ESI from being a success it just means their success will be harder to achieve then it otherwise could have been" - hit it on the head in one. I just wonder what ESI need to achieve before it stabilizes and not subject to the p&d style trading, maybe it will always be subject to that, i hope not, but its a posibility.


Anyway, there has been some great posting without getting personal, thankyou to the contributers.

Wether we call it a p&d or just anticipation logic would tell you that we would expect a movement in SP on the back of potential good news b/w now and 18/11, the crew would burn the "midnight oil" to get spv details accross the line before meeting the otherwise angry mob, but logic has burnt me before.

I am confident that the mid to long term future for ESI is going to be great, i just hope not too great that its a win at all costs to the majors.