Agree canonman, price should quickly reach 4 cents plus on simple mathematics as 20 mil private funding was secured days ago, an expected 15 to 20 mil allocation from the government will raise potential MC already to more than tripple its current standing.
Follow up funding details will further elevate the price, in my opinion, particularly AGL location ann at LY power station.
NLC update should follow some time in Jan/ Feb in my humble opinion.
Worst mistake for holders would possibly selling early as there are many who were trapped for a prolonged period during the Monash saga, who most likely intend to offload.
The real price appreciation should not be seen up until 3 to 4 weeks from now,.
ESI Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
