I am a large holder of ESR and bought more yesterday
Its pretty simple
The cores were crap so the price dropped simple as that .Those that held on knowing results were due simply got it wrong like myself sheet happens.
ESR now get to target exactly where they want to drill so hopefully thats exciting
There is no case against ESR for previous or current announcements thats the risk we all take at this level of the market.
What I do have a major issue with is the trading the two previous days before the results came out 30 odd million shares traded the volume was up substantially compared to the 5 days previous trading it was aggressive selling and those buying IMO should feel pretty pissed off.
Someone knew something and it should have been pretty clear to management because they either had the drill results or were very close to getting them and to keep the integrity of the market they should have put ESR in a trading holt, I have no idea why they didn't these guys are very experienced.
I would suggest they now regret that decision because their reputation and the reputation of the company is now in question.
Someone needs to have a really good look at who was selling and do something about.
An announcement along the following lines is needed IMO to return some integrity to ESR management.
Based on the trading of ESR in the two day prior to our results being released we have complied the following
All previous trading data of those selling along with all previous trades of the sellers
All information received by ESR in relation to the results and when and how it was received
Who was privy to that information
Those who had the information who their people are with ESR shares
This should be handed over to the ASX and the ASX should investigate ASAP
If ESR have nothing to hide I suggest they should get on the front foot and make this happen and then move forward let the ASX deal with it focus on drilling some great hole and make it happen.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.72M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2130000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 2000000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11258730 | 0.006 |
14 | 13281349 | 0.005 |
4 | 2375001 | 0.004 |
10 | 9930684 | 0.003 |
6 | 9015000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 11109942 | 13 |
0.008 | 870378 | 4 |
0.010 | 2773960 | 3 |
0.013 | 5000000 | 1 |
0.015 | 800000 | 1 |
Last trade - 09.59am 18/11/2024 (20 minute delay) ? |
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ESR (ASX) Chart |
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