Glad I only had a little dabble in ESR. Down a pip or so but I...

Glad I only had a little dabble in ESR. Down a pip or so but I feel for those much higher.

The more I read the more I see fair value to about 3.6 - 5c...but talk of 2c aint right. ESR is not going under and much more to explore and a good register.

Disgruntled holders of size can distort the price for a while as can a bad drill result.

Explorers that rely on one asset or tenement are more risky and hence sell down greater....in lithium most of my explore allocation is in ESR rival and N.T explorer CXO and I'm surprised so many Lithium true genuius's here and Im not being sarcastic....there are some here like on PLS and even AVZ that know the Lith sector inside out better than the ibanks but are not in CXO that holds KDR like promise, where ESR on comparison in the same space doesn't yet have the size, cash and number of prospects across multiple targets and tenements with known major Spod discovery and drill programs of success.

Look the Lith sector is loaded with real opps and duds. ESR had a bad drill result is all. I don't think they deserved all the criticism they got... No one but Bradman can average 100 but one way those in loss positions that are  in higher  than 6c or so is reallocating to those that are better succeeding in Lith exploration and is a way to restore some account value. Just saying. Sometimes the grass is greener. Worth now comping ESR to others is all.

Or stay in ESR....ESR is but a trade for me.

GLTAH. DYOR and Peace to all.

GG