iomtt is right, numerous factors including previous mgmt, board,...

iomtt is right, numerous factors including previous mgmt, board, rogue shareholders, opes, paladar, etc are some of(but not the only) reason why the share price (& market cap) is lagging.

herebus, would agree with your 3 points, but i would add an agreement of some sort in terms of supply. i go back to the quote i highilighted from a recent ann.

"This decision takes into account the anticipated conclusion of commercial discussions in which
ECT is engaged for offtake sales, locally and overseas, and the full acquisition of the Coldry IP."

not a lock, but they have provided a timeframe for us to watch.

swiper raised some good points and they should be taken into account when considering any investment in ESI, but for me, the upside is too large not to continue building a stake right now, snapping up Paladar's shares.

dilution is a big factor when predicting share price. i am hoping we do not have to draw down much before paladar sells his shares and can raise the money from the brits at a higher price.
20cents - October
50cents - July 2009
$1 - June 2010