what can we expect this week, page-23

From the recent email share holder update.


Convertibility: ESI shares will be issued at a price of 90% of the lowest VWAP of the preceding 5 days trade

The Bond provides ECT the option, should it elect to take up, to satisfy Arup invoices with cash (within certain limits).

'it' being ECT. and 'certain limits' being,,,confidential ?

I reckon 1.5c to 2.5c end of week. ( and the options settling back to .5 if Leo gets his way:-)

The market want's to see an ALDP short list and CDP footings earth works before it goes long on the idea.

This doesn't mean we won't see speculative intra day volatility on volume between Monday 26 Nov and mid December.sp3 i reckon efy +1 retirements are more tax effective anyways.