Very interesting development over the past quarter. By comparing today's NMT Quarterly with the last one, it has been disclosed that Neometals has lifted its stake in Estrella from 1.4% of ESR (5m shares) to 1.9% of ESR (7M shares). This should be a sign to the market of the confidence that NMT directors have in the future of Estrella's lithium prospects. No broadcast news by NMT, just steady accumulation.
In view of recent very positive Li sampling from work undertaken, and planned by ESR, now that the Company has received approval for their new POW, it seems reasonable to assume that a large Company such as NMT (and others?)will continue to increase its holding over the balance of the year in anticipation of further positive results.
ESR Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
