Had a chat with Johnny and suggested to him that he assure ESI holders doors will open otherwise an interest rate rise could damage his re-election prospects.
Ruddy is pro clean coal, so no need for subtle hints.
Whichever party wins the election, clean coal is going to have a favourable policy priority.
I understand the frustration of waiting for developments to occur sooner and when they do happen the increase in share price is likely to be quite spectacular.
ESI is a little different to many other Industrial/Mining stocks in that can move from 0-100 very quickly. The technology is proven; now all it needs to do is piggyback on the coal based industries globally. Once the first contract/MOU is signed then it will snowball into more and more agreements. The business case to adopt COLDRY is very strong for the power generation co's as well as the coal miners.
When ESI re-listed there’s was no doubt the market got way ahead of itself, much like the junior explorers shooting up on rock chip samples only to settle at more realistic levels. In such situations, negativity creeps in, directly proportional to the decreasing share price. This also happens with biotech’s. In mining terms ESI would be the equivalent of a junior explorer with a proven JORC reserve, in the process of a bankable feasibility study and negotiating pre-sales prior to commencing mining operations.
In racing parlance, ESI is coming around the bend towards the straight.
Cheers RBA
ESI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
