Nice post, I'd say Latrobe Valley is a 99.9% certainty for the 150K Plant. There you have Hazelwood, Yallourn & Loy Yang so take your pick. Coy has told us (some months ago) that they're in negotiations with all three of them, also John Hutchinson is known as Mr Latrobe Valley.
Now don't forget that ESI currently have a MOU with Hazelwood, not saying it's currently worth the paper it's written on but it's still an MOU. Coy is being very quiet atm and all lips are sealed which is the way it should be.
Something is brewing...................????
We're waiting for the Cornerstone Investors to be finalised, BFS to be completed and an MOU / Deal to be signed with a local Coy. All this mind you will happen within the next 3 months, all barrels are locked and loaded. With the above three events out of the way I'd expect a market cap of no less than 100 Mil, which would mean a share price of around 30 cents.
Many eyes are currently watching ESI, so far they're making the right noises but the market is very unforgiving. They've screwed up BIG time over the past few years but that's behind us now so let bygones be bygones. We retail holders can't move the share price only insto's and fundies can, they are dipping there toes atm but once they actually dive in, all I can say is hold on for the ride.
Exciting times ahead, I just hope they don't fcuk it up again.
Cheers,
TT
ESI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
