Can I just throw this into the mix Timor Lad. After I read this morning announcement I understand exactly what is going on.2. The Drilling Program is Make-or-Break
The most pressing issue is the lack of a finalized drill plan. Investors need to know:
Why has a drill plan not been released? Because it hasn't been approved Timorlad to drill.
In this mornings announcement they said "drilling & trenching request in with government, waiting for approval". Once approved the company should be able to offer a timeline for all shareholdersWhy is there no clear timeline? Wait til the approvals come thru Timorlad
Confidence in Permitting: Little to No Communication
Daws' local connections in Timor-Leste should provide an advantage, yet there has been no substantial communication on permitting progress. Delays in securing these approvals could stall operations, leading to investor uncertainty. ESR must provide immediate updates on:
The status of all required permits Please read this mornings announcement T/Lad
Expected timelines for approvals Get out your crystal ball and let me know T/Lad no one can tell you that
Contingency plans if delays occur Announcement today says it all. They have a delay at present waiting for approvals. The contingency plan looks like what they ( see video ) are doing...Looking for more Manganese in other areas. Which is smart, or would you rather see them sitting in the office in Timore watching Foxtel while waiting for the approvals and the drill rig to arrive in a couple of weeks ( see announcement ) or be doing something proactive
5. Wet Season Realities and Preparation: Ongoing
The wet season is a known factor, yet ESR has provided little information on how it is using this time effectively. This period should be leveraged for:
Regular investor updates on progress... Please read todays announcement T/Lad
The Bigger Picture
Late 2024, ESR had a clear and focused strategy. That narrative now appears to be slipping, creating uncertainty among investors.
They are not slipping at all... let me tell you Timorlad what the bigger picture looks like.
ESR have a heap of Manganese , it is everywhere as you must know. How deep we do not know until drilling starts. The announcement today said in 2 or 3 weeks drill rig will arrive from Darwin. Management have told us on numerous occasions that as soon as government approval has been given and drill rig is on site with weather permitting they will drill the Fkc out of it to get a JORC.
All shareholders have known ALL this since last year. Actually wet season suppose to finish late April, not March.
News flow has been terrific, I am happy with it especially the videos as it put some "truth" into it when we see Manganese laying on the ground and in the side of a mountain.
You also said, and I quote:
"As soon as ESR releases the drill program, I will consult experts to evaluate its viability. At that point, my position will be clear—either fully committed or fully divested—before the first drill breaks ground. The clock is ticking, and management must act decisively to regain investor confidence and ensure ESR stays on course for success."
Wouldn't you be better off to "consult" these "experts" after a few drill holes so you know what is in the ground? Rather than before the 1st hole?
You may as well get your team of "experts"in now, why wait? I can tell you now they will over time drill the whole asset. The board, the geologist are really smart people. They all own shares. They have performance targets to reach. 5c is the next one...$$
I reckon you should sell your few shares now, just feed them out till all gone T/Lad.
Unless you wait for the Trading Halt that was coming out and the share price to be 15cent plus you told us all about and sell then.
One thing I cannot tell you is why the S.P. was 4.2 to 4.3 a week ago and today it is down to 2.7. Maybe traders got in or out. Maybe they believed the ramp up of T.H. and 15cents, I do not know. But I wish I sold and bought back for a nice little trade. Instead I bought some to add to my little nest egg. They are cheap at 3c I reckon.
I liked your post on the 11th Feb 25 Timorlad about ESR going from 1cent to 25c in a day or two. I agree with you T/Lad it could happen again a big jump in one or two days like it did then.
I reckon ESR will be above 25c this time next year with 9 or 10 months of drilling under their belt. Also one day Nickel prices will bounce back and we still have Kalgoorlie.... people forget that. More $$$
I do not own many shares but what I have I will keep for the next couple of years and see where Daws and crew take the company.
Enjoy the ride holders, I am still buying a few every payday.
Whats the slogan " GO ESTRELLA"
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Can I just throw this into the mix Timor Lad. After I read this...
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Change
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 302905 | 0.049 |
5 | 164103 | 0.048 |
1 | 121409 | 0.047 |
Price($) | Vol. | No. |
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0.053 | 1170355 | 3 |
0.054 | 697579 | 3 |
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0.056 | 1291693 | 6 |
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