'No doubt all the banter on here will elevate ESI to the most...

'No doubt all the banter on here will elevate ESI to the most discussed stock in Australia'

Yes, but for all the wrong reasons.

The company suffered a serious blow to its credibility (or what is left of it) with yesterday's signing of what turned out to be, as expected, and now confirmed, nothing more than an R&D MOU.

While this may be something of an achievement to some, it is still only an agreement to agree to negotiate detailed sub-agreements required to fund the India project. So there is still a lot of risk.

To its credit, the company conveyed this information to the market a number of times in its recent announcements.

But, curiously, and imo stupidly, it refused to call the agreement an MOU and persisted in promoting it as a 'Master Plan Agreement' - something huge in the making!!

Fair enough, I suppose.

But the market knows BS when it sees it.

All imo.