About a half a year ago I posted that the SP never looked comfortable in the mid 80s and predicted mid 70s - 80 as its mid term future. I was shouted down for that comment...
It's going to take a substantial announcement from the ESG management to lift the share price of this company. I think the SP will stay in 70s - early 80s range until either a takeover bid (anytime between now and the next few years) or something major happens (as we have recently seen with MEL). As I also said months ago (but was shouted down for that too) I think the upgrade has already been factored into the price. If you want to make any money with this one, you're going to need a combination of "time in" and "timing".
I do feel rather sorry for those who bought into this at over 1$. They had high expectations. Seems the number of posters on ESG have disappeared. Now where are those seagulls someone here was so fond of mentioning?
ESG Price at posting:
80.0¢ Sentiment: None Disclosure: Not Held
