I dont want to make bold predictions but I think we will be unlucky if we dont hit 6c tomorrow.
The only reason why the share price fell from 7-9c range was because the market never believed that ESI will ever sign the SPV agreement with Tincom. Most thought that KOS was full of hot air and could never close the deal.
Well today he proved most (not all) wrong and signed the biggest deal in ESI's history.
This is a significant milestone. Most here just dont get it...they have no idea how huge this agteement is. They have no clue who Tincom is, they have no clue who is backing Tincom, they have no clue how significant this deal is for Tincom and the Vietnamese government.
This announcement is a massive wake up call for the whole coal industry.
Kos has now definitely put ESI on the global map...lets see how the market reacts tomorrow.
No need for fingers crossed....it will be a great day tomorrow.
tomorrow's share price
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