Esi while languishing at this low level provides us with a buying opportunity which without the con notes would not have happened. Before the last spp to retail holders the stock was sold down for various reasons (a lot of games) which allowed me to almost break even. With all the news we have had to date it is only a matter of time till we get re-rated. Look at the market cap, is that appropriate to where we are now? Amazed and lautrec(and others) have provided some good posts illustrating where we now are. There are a couple of announcements which shouldn't be too far of which will hopefully lead to the re-rating. The initial tincom announcement last time ran the shares to 11.5 cents, we are far further ahead with a little more dilution (11.5 cents obviously was too high for that point in time). Where will we be on confirmation that tincom is still behind us (which is what the market is waiting for)?
Getting in now presents more risk, but the rewards are far greater. If we have to wait another month the sp may drift to 2 cents, with announcements could very quickly move to above 5 cents. If you think the tincom deal is going ahead, now presents an opportunity, however, as always DYOR.
ESI Price at posting:
2.8¢ Sentiment: None Disclosure: Held
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