Yes - I read carefully the C note deal and realized that the combination of that and the lack of solid major shareholders meant there was no rush to purchase as there is (currently) no shortage of shares. That was a week or 2 ago. I am set in a core holding sense but decided to buy a few more yesterday for trading and it seems a little harder to access reasonable size now. I suspect we sit with buying interest around 2-2.4c and selling around 2.8-3.3c for a while and it will be relatively thin in between.
I'm absolutely sure this could trade with a diluted market cap of $100m+ just on the Tincom deal progressing but I suspect what is more likely is that 1 or 2 other decent deals need to be done on either coaldry or adding Matmor to the game and then it moves to a 200m+ market cap.
The key really is to take the short term cash flow issues away so people don't think like me and know there are shares available if you are patient. It is very hard to get ESIO now which is a good sign but we need a validation trigger to get the SP performing.
Some sort of deal with up front cash or a partner that takes an equity stake in ESI not the jv company will change the game meaningfully.
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $1.515K | 504.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 13357839 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 11826592 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
41 | 13339839 | 0.003 |
17 | 12832678 | 0.002 |
10 | 17300024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11099510 | 26 |
0.005 | 5651603 | 28 |
0.006 | 5239567 | 10 |
0.007 | 2764837 | 7 |
0.008 | 482213 | 5 |
Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
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