Essa announced H1 2007 profits will be up 80% to $1.5m and that...

Essa announced H1 2007 profits will be up 80% to $1.5m and that "Essa's traditional markets remain buoyant, with activity levels likely to remain strong for the foreseeable future." Second half will be enhanced by the earnings contribution of a recent acquisition.

Do your own research, but in my opinion ESS is still materially undervalued and is an inevitable takeover target.

Cheers
Monty