You are probably close to the mark with your price estimates. It depends a bit on whether the placementees take some profit.
Yes it was getting "embarrassing" how the share price was rising when they wanted to get a placement away at 55 cents!!
Anyway .. how many other small companies of any sort let alone mining/energy have gone to the market and raised $50m in this market in the last 6 months .. SFA I would think. So that in itself is impressive. Some posters yesterday said the ESG placement was snapped up immediately .. no doubt the attractive pricing helped too!
Onward and upward from here surely? I mean without a capital raisng ESG would have been heading towards new highs I reckon on the back of the laterals and with the sector still hot.
H
ESG Price at posting:
72.0¢ Sentiment: LT Buy Disclosure: Held