Top strategic move by top team. I like the heading, I could almost guess the poster who started the thread(even though I didn't think it was invest egate).
With where the sp is at and with the way esi has travelled the last two years I think top team is debateable(very debateable). There is more and more disillusionment creeping in even from the most esi-pro posters.
We know the potential of the company but can current management get the job done? The risk reward ratio is looking worse and the lack of communication is not helping. How long do we have before we need to raise more capital?
Tincom have not helped esi's cause at all, constant delays, what is the reason behind it, surely they are interested in bringing coldry to commeercialisation as quickly as possible. Why have they not kept esi in the loop with their direct dealing with arup. Do they want to see esi fail?
I was back into esi with a decent holding(for me) after the coal announcement around a year and a half ago. There were some nice presentations given which suggested momentum was gaining, we were looking at possible deals in india and a deal in china was looking imminent. However at the moment we can't even get the first deal completed which we started..... a long time ago! Luckily for me I reduced my holding substantially and put my money in another stock which gives regular market updates and sticks to timelines and I have recouped my losses and gained more. I don't have a problem investing in a company in which the sp does not reflect what is going on if the company is ticking boxes.
I still believe esi has potential, a lot of potential but time is slowly withering away and other opportunities are lost. I will certainly increase my holding again with confirmation that tincom is full steam ahead, but till then I would prefer to have my money working elsewhere, I may miss 50% gains but I will still be able to join the party and with much more certainty.
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