ESI - a growth stock

[sp3]

Anyone following ESI?

Has gone through a major transformation over the past 12 months. New board, management and business plan.

For the past few years the company has basically been a research and development company developing a technology in the brown coal industry. This year in particular, the company has been commercialising the technology.

The company has recently completed a $10M raising which means that it will be able to realise its vision.

Other significant milestones have also been achieved recently.

The technology (Coldry process) basically converts brown coal into black coal equivalent. This means that brown coal can be exported. Normally brown coal cant be transported long distances because of its moisture content.

Well worth researching imo if you are looking for a growth stock with excellent potential.

Current share price is 3.3c.

Disclosure:
I have shares in the company.

[shasta]

Anyone following ESI?

Has gone through a major transformation over the past 12 months. New board, management and business plan.

For the past few years the company has basically been a research and development company developing a technology in the brown coal industry. This year in particular, the company has been commercialising the technology.

The company has recently completed a $10M raising which means that it will be able to realise its vision.

Other significant milestones have also been achieved recently.

The technology (Coldry process) basically converts brown coal into black coal equivalent. This means that brown coal can be exported. Normally brown coal cant be transported long distances because of its moisture content.

Well worth researching imo if you are looking for a growth stock with excellent potential.

Current share price is 3.3c.

Disclosure:
I have shares in the company.

I've still got my eye on it, although wasn't ESI meant to have contracts by now?

[sp3]

I've still got my eye on it, although wasn't ESI meant to have contracts by now?
Yes Shasta they were but those promises were too ambitious and were made by the previous management who were naive in understanding how business works in this industry. The new board/management has gone back to fundamentals/basics and has taken a more professional approach. It seems that they are now on the right track and are achieving key milestones.

You may want to read the Chairman's address at their recent General Meeting.

Their next key milestone (a very critical one) is the funding relating to the construction of the Coldry plant. Once this is announced I am sure that sales contracts will follow.

[shasta]

Yes Shasta they were but those promises were too ambitious and were made by the previous management who were naive in understanding how business works in this industry. The new board/management has gone back to fundamentals/basics and has taken a more professional approach. It seems that they are now on the right track and are achieving key milestones.

You may want to read the Chairman's address at their recent General Meeting.

Their next key milestone (a very critical one) is the funding relating to the construction of the Coldry plant. Once this is announced I am sure that sales contracts will follow.

Cheers, i'll do some more research & the Chairman's address sounds like a good starting point. :)

[bear]

If you lads like coal upgrading companies then White Energy Company is the one

Proven technology, plant under constructions, patented technology, licenses and agreements in place

http://www.whiteenergyco.com.au/

Price about 50% of what it was in September

Bear

[sp3]

If you lads like coal upgrading companies then White Energy Company is the one

Proven technology, plant under constructions, patented technology, licenses and agreements in place

http://www.whiteenergyco.com.au/

Price about 50% of what it was in September

Bear


Bear

I have researched WEC as much as I have ESI. Both stocks have alot in common. Both have a similar technology and both are targeting similar markets. WEC is 12 Months ahead of ESI in terms of progress. At this stage WEC is a safer investment mainly because more boxes have been ticked, however which of the 2 is a better investment?

IMO ESI is a better investment for 2 reasons.

Firstly, ESI's technology is more superior and ESI is valued at $10M whereas WEC is valued at $250M, so from a return on investment point of view, ESI is more attractive.

[bear]

Bear

I have researched WEC as much as I have ESI. Both stocks have alot in common. Both have a similar technology and both are targeting similar markets. WEC is 12 Months ahead of ESI in terms of progress. At this stage WEC is a safer investment mainly because more boxes have been ticked, however which of the 2 is a better investment?

IMO ESI is a better investment for 2 reasons.

Firstly, ESI's technology is more superior and ESI is valued at $10M whereas WEC is valued at $250M, so from a return on investment point of view, ESI is more attractive.

SP3 fair call but just be wary many $$ will be required to get to where WEC is already and in this market ideas and reality are far apart. These smaller companies just won't get institutional support.

Still... ESI good prospect but patience and deep pockets needed unless JV can be secured.

Additional funding for WEC needed in the future as per presentation

Felt WEC was expensive but now much better value and looking for an opportunity to buy some

don't currently hold

bear

[sp3]

SP3 fair call but just be wary many $$ will be required to get to where WEC is already and in this market ideas and reality are far apart. These smaller companies just won't get institutional support.

Still... ESI good prospect but patience and deep pockets needed unless JV can be secured.

Additional funding for WEC needed in the future as per presentation

Felt WEC was expensive but now much better value and looking for an opportunity to buy some

don't currently hold

bear
Bear

ESI has just secured $10m funding to enable the company to implement their business plan. ESI also has access to a drawdown facility worth about another $10m.

The cost of the Coldry demo plant will cost about $30m. No details have been released yet to the market how this will be funded but ESI has hinted that several players will contribute to the cost. I undestand that the government and power stations will be among them.

In this market anything connected with climate change has a good chance to gain support, hence the reason why the government will back this technology.

[sp3]

Shasta

Are you aware that TSE has recently signed a MOU with ESI?

Something good will come out of this relationship. Although I dont anticipate anything material to be announced soon, but I am watching very closely at TSE's trading halt announcement.

[shasta]

Shasta

Are you aware that TSE has recently signed a MOU with ESI?

Something good will come out of this relationship. Although I dont anticipate anything material to be announced soon, but I am watching very closely at TSE's trading halt announcement.

I haven't gotten to that yet, & i do like TSE (as well as UGL)...

I see alot of synergies for ESI if they piggyback off TSE...

TSE has a big presence in NZ, & there is plenty of dirty brown coal in the South Island that the Greenies would like cleaned up...

Might be worth grabbing a few ESI & putting in the bottom draw

[sp3]

I haven't gotten to that yet, & i do like TSE (as well as UGL)...

I see alot of synergies for ESI if they piggyback off TSE...

TSE has a big presence in NZ, & there is plenty of dirty brown coal in the South Island that the Greenies would like cleaned up...

Might be worth grabbing a few ESI & putting in the bottom draw

Up 24% today. Very aggressive buying on the bell. Might be an interesting AGM tomorrow.

[shasta]

Up 24% today. Very aggressive buying on the bell. Might be an interesting AGM tomorrow.

ESI - Matmor process recovers Iron from Nickel tailings

http://www.stocknessmonster.com/news-item?S=ESI&E=ASX&N=309595

[shasta]

ESI - Matmor process recovers Iron from Nickel tailings

http://www.stocknessmonster.com/news-item?S=ESI&E=ASX&N=309595

ESI: - ECT & Victoria Capital sign letter of intent

http://www.stocknessmonster.com/news-item?S=ESI&E=ASX&N=309614

[shasta]

ESI: - ECT & Victoria Capital sign letter of intent

http://www.stocknessmonster.com/news-item?S=ESI&E=ASX&N=309614

ESI - Chairmans Address @ AGM

http://www.stocknessmonster.com/news-item?S=ESI&E=ASX&N=309653

[sp3]

ESI - Chairmans Address @ AGM

http://www.stocknessmonster.com/news-item?S=ESI&E=ASX&N=309653

I just returned from the AGM. Very impressed with ESI's future. Posted my notes on HC if anyone wants to know more.

[sp3]

Have people been accumulating?

One of the biggest surprises in 2009...just wait and see.

[macduffy]

Have people been accumulating?

One of the biggest surprises in 2009...just wait and see.

Could you give us a few more clues here, sp3 ?

Volumes traded recently and SP don't appear to support the "accumulating" theory.

;)

[sp3]

Could you give us a few more clues here, sp3 ?

Volumes traded recently and SP don't appear to support the "accumulating" theory.

;)

macduffy

Next week the company will be releasing a new top 20. Hopefully we will be able to see who has been accumulating.

Stocks that have a major prize at the end are usually traded by "accumulators" in a very subtle way. They usually buy small amounts at a time and occasionally dump a few into the bid to avoid being noticed. in other words, they are known as "net buyers".

[macduffy]

macduffy

Next week the company will be releasing a new top 20. Hopefully we will be able to see who has been accumulating.

Stocks that have a major prize at the end are usually traded by "accumulators" in a very subtle way. They usually buy small amounts at a time and occasionally dump a few into the bid to avoid being noticed. in other words, they are known as "net buyers".

Yes, but the trick is in being able to discern the accumulating from the "routine" buying and selling of a stock. A bit of inside knowledge helps here, of course.

;)

[sp3]

Anyone following ESI?

Apparently not.

Never mind...

Dont say I didnt give you the heads up.

[drillfix]

Anyone following ESI?

Apparently not.

Never mind...

Dont say I didnt give you the heads up.


Hi Sp3, long time.

Yes been watching the recent moves with ESI and congrats on enjoying the move and news that it has recently received.

Although, I remember well over a year ago you mentioned this stock to me when it was like 13c ...lol

Are you holding this big time still or exiting out of position?

Maybe I will sell my remaining Uran and try to hitch a ride on esi hey?

[sp3]

Hi Drillfix

Yes. I have been involved with ESI for almost 2 years. However, my average price is less than 2c and I have managed to accumulate a sheet load of shares/options in the past 6 months. This week has been my best ever week in my trading history. As you recall I sold out of URA and reinvested into ESI. In retrospect, that was a great decision. To put it into perspective for you. In November 08 I had 400K URA shares - and pretty much nothing else. Today, If I was to buy back my URA, I could buy about 10m URA shares without having to invest any additional capital.

This has to go down as a great success story - dont you think?

Should you sell your remaining URA and buy ESI? Im afraid to say that you have missed the boat and you are better off sticking with URA at this stage.






Hi Sp3, long time.

Yes been watching the recent moves with ESI and congrats on enjoying the move and news that it has recently received.

Although, I remember well over a year ago you mentioned this stock to me when it was like 13c ...lol

Are you holding this big time still or exiting out of position?

Maybe I will sell my remaining Uran and try to hitch a ride on esi hey?

[drillfix]

This has to go down as a great success story - dont you think?


Good on ya Sp3, and yup indeed sounds like a good story to me~!

[small fish]

Hi SP3 hope your doing well, nice job with ESI too. Swings and roundabouts on the old market isn't it, guess thats what keeps us going sometimes.

You could buy a lot of NDO with a $1,000,000 :P

[ritchie]

bloody hell

[soulman]

This is like a get rich story with ESI. If you subcribe to the MAX $5K worth in ESI SPP at 2 cents back in APR/MAY 2009, they will give you 2 free option (ex @ 2 cents) with it. So 250,000 shares and 500,000 options for a $5K parlay. Mind you, if you look at ESI SP at that time, you would have your doubt.

Anyhoo, at current prices, you would have turned your shares (just the SPP for easy calculation) from $5K to $51.5K in just over 6 weeks. WOW. Not to mention your original holdings to boot. Also to note, the SPP has a shortfall of 59 million shares.

Well done sp3 and others in this.

[Ponda]

Now it's ESI's turn to go for a trot.
Good buyers depth. Little in the sellers queue.

Discl. Hold ESI

[ritchie]

Up 40%...no comments anyone.

Big Thanks to Steve FLEMING for hinting on this one.

[Sehnsucht888]

Down 9.3/9.4% yesterday - not bad considering the US pasting, and the spec nature of this. Good gap on the options at close too.

[Sehnsucht888]

2 months on, and its going no where fast... Just small moves up and down.

One thing I really don't understand is why the option to head difference is always around 2c - the exercise price. With 4 years left to run too....

[Aotea]

Thanks SP3.
I agree, ESI has excellent growth potential....am eagerly awaiting further good news.

Am holding ESI.

[sp3]

Expecting some material announcements over the next few weeks such as the SPV, FS, LYP and Matmor results.

Still consider this a growth stock and a serious multibagger contender over the next few years.

[Aotea]

I agree SP3...there is real growth potential here.

[Aotea]

A great announcement for ESI today, finally some capital coming in..SP up 25%
Expect this to be the first of several positive announcements in the near future!

[steve fleming]

A great announcement for ESI today, finally some capital coming in..SP up 25%
Expect this to be the first of several positive announcements in the near future!

Massive announcement this afternoon from ESI - confirmation of the forming of the SPV between Tincom and ESI (which Tincom is funding)

Feasibility study to commence soon, then (assuming agreement to proceed) moves to structuring and plant construction.

Remember this is just one of three deals that ESI currently have on the table (with the likelihood of more to come). Each deal can co-exist wit each other.

[steve fleming]

Massive announcement this afternoon from ESI - confirmation of the forming of the SPV between Tincom and ESI (which Tincom is funding)

Feasibility study to commence soon, then (assuming agreement to proceed) moves to structuring and plant construction.

Remember this is just one of three deals that ESI currently have on the table (with the likelihood of more to come). Each deal can co-exist wit each other.

From the announcement:

"The benefits of this project include:

- To ECT - A$5 per tonne royalty over 30 years.

- To TinCom - Security of supply of a competitive, high quality, back coal equivalent (BCE) feedstock for the export market at a stable price.

- To Victoria - Resource export earner. Jobs during construction and ongoing operation, plus the flow on to downstream industry, rail and port.

To the Environment:
*Lignite in its wet state is emissions intensive when used to generate power. By drying lignite, emissions are significantly reduced.
*The water recovered from the coal can be used in the power station. Loy Yang power station uses around 34 GL a year. At full production, the Coldry plant could return around 20 GL a year to the environment."

Sounds like a good deal all round.

[Aotea]

Gidday Steve, not much action on the ESI front lately..just bought a good parcel of both the head share and options, so now its time to wait for the good news!!

[shasta]

Gidday Steve, not much action on the ESI front lately..just bought a good parcel of both the head share and options, so now its time to wait for the good news!!

Aotea

Here's the ann on the original thread, lets keep this one updated

http://www.asx.com.au/asxpdf/20100617/pdf/31qw9d6p21970z.pdf

[COLIN]

Congratulations to all holders.

Does the price have further to run, in this phase?

[shasta]

Congratulations to all holders.

Does the price have further to run, in this phase?

219m traded will have the TA guys in first thing tomorrow

[Phaedrus]

219 million traded - will have the TA guys in first thing tomorrowOnly the amateurs, Shasta - those are the ones that buy at the Open. The poor schmucks that that come home from work to get on the net and see what opportunities they have missed that day. It will be the (short-term) "TA guys" that are selling to them!

After the announcement, ESI resumed trading around 1pm. You can see from this chart that the shareprice rose in quite a steady uptrend right to the Close, allowing plenty of time to enter.

http://i602.photobucket.com/albums/tt102/PhaedrusPB/ESI1.gif

The attention of many would have been drawn to this stock by the trading halt, but even the simplest, crudest stock screening software would have flagged ESI well before 2pm. By then, the shareprice was up 20% on a volume of 12x the average. Of course there were many earlier Buy signals such as the trendline break, moving average crossover and OBV trendline break as shown here :-

http://i602.photobucket.com/albums/tt102/PhaedrusPB/ESI2.gif

[shasta]

Only the amateurs, Shasta - those are the ones that buy at the Open. The poor schmucks that that come home from work to get on the net and see what opportunities they have missed that day. It will be the (short-term) "TA guys" that are selling to them!

After the announcement, ESI resumed trading around 1pm. You can see from this chart that the shareprice rose in quite a steady uptrend right to the Close, allowing plenty of time to enter.

http://i602.photobucket.com/albums/tt102/PhaedrusPB/ESI1.gif

The attention of many would have been drawn to this stock by the trading halt, but even the simplest, crudest stock screening software would have flagged ESI well before 2pm. By then, the shareprice was up 20% on a volume of 12x the average. Of course there were many earlier Buy signals such as the trendline break, moving average crossover and OBV trendline break as shown here :-

http://i602.photobucket.com/albums/tt102/PhaedrusPB/ESI2.gif

So Monday its a traders plaything on the stampede out of ESI, whilst the retail investors are just reading the announcement?

[Lizard]

Looks like a good deal for ECT. Does anyone know much about Tincom and/or the investors in Victoria Coldry? Is it certain they have the money for investment?

[Phaedrus]

So Monday its a traders plaything on the stampede out of ESI, whilst the retail investors are just reading the announcement?Monday? You are well behind the play, Shasta! The traders "stampede out of ESI" is over. It came on Friday and took just half an hour. Here is a picture of the action :-

http://i602.photobucket.com/albums/tt102/PhaedrusPB/ESIfri.gif

See how ESI opened up 0.3 cents at 5.1. Why was this? Because amateurs, the poor dumb schmucks coming home from work after the market had closed, saw what had happened, wanted in, and placed Buy orders to be executed at the Open of the following day (Friday). Their numbers were such that ESI opened well up from the previous days Close.

Observe the huge volume that went through at the Opening price. The heavy buying pressure from "retail investors" getting in was being met by equally heavy selling pressure from short-term traders getting out. (Some of these guys had made more than 50% overnight - quite an incentive!)

Note how the price then steadily fell. Selling pressure from traders was overpowering the new buyers, taking them out and causing the shareprice to track down. This continued until equilibrium was reached at about 4.4 cents - well down from the previous days Close.

The flurry of activity was all over in half an hour. By then, those that really wanted out (the short-term traders) were out, and those that really wanted in ("the retail investors") were in. At this point, the traders had locked in profits of in excess of 50%, while the retail investors (the poor dumb schmucks that bought at the Open) were down by 0.7 cents with their "investment" already underwater, needing ESI to rise by 16% before they so much as crack even.

Now that the dust has settled, we can make some educated guesses as to the relative numbers here.
The big rise after the announcement would have been caused by both TA and FA buyers getting in, buying a total of 219 million shares. The following day (Friday) was a down day with a volume of 120 million. The sellers would not be FA advocates or medium/longterm TA followers. That pretty much leaves only the short-term traders. That probably means that of the 220 million shares bought on Thursday, 120 million were bought by short-term traders and dumped the next day.

This is all pure conjecture, of course. We can never know who is buying or selling - or why. Nevertheless, I regard the above as the most likely scenario here.

[Ponda]

I Bought on Friday at the open. Why? 'cos I'm one of the



the poor dumb schmucks


Besides, I would have been absolutetly devestated if my market analysis due diligence didn't indicate that I should buy at the high everytime :D and for that reason alone I feel that I am very succesful ;). Now all I have to do is do the inverse and I may start making some money.
Needless to say I have a very large (for me) portfolio that has gone from a very short term hold to a long term interest.


But life is great and I find it really interesting and educating reading the posts of all.

I have to get the whole 'fear and greed' thing sorted out. I have seen ESI bolt to 8 cents or more (from memory) and with the Announcement on Thursday I couldn't see any reason why it couldn't have headed that way again. And in a short time I believe that it will.

Hope you all have agreat weekend and bring on the NZ/Italy game. (Maybe I should go to the TAB and put some $$$ on NZ beating Italy by two or more........

[soulman]

I don't understand the coy and if I follow one of WB rule, I will flicked this coy. But I am a trader and I look to exit any investment for profits in 2 hours, 1 day or 1 week. Otherwise, it would be a loss. My goal as a trader has changed completely. The mindset is the same. I am not here to make money. I am here not to lose money.

I will read the announcement again and I am already aware that ESI is highly cap for a coy. If ESI is a sub $10 mil coy, then I will be all over it.

[shasta]

Monday? You are well behind the play, Shasta! The traders "stampede out of ESI" is over. It came on Friday and took just half an hour. Here is a picture of the action :-

http://i602.photobucket.com/albums/tt102/PhaedrusPB/ESIfri.gif

See how ESI opened up 0.3 cents at 5.1. Why was this? Because amateurs, the poor dumb schmucks coming home from work after the market had closed, saw what had happened, wanted in, and placed Buy orders to be executed at the Open of the following day (Friday). Their numbers were such that ESI opened well up from the previous days Close.

Observe the huge volume that went through at the Opening price. The heavy buying pressure from "retail investors" getting in was being met by equally heavy selling pressure from short-term traders getting out. (Some of these guys had made more than 50% overnight - quite an incentive!)

Note how the price then steadily fell. Selling pressure from traders was overpowering the new buyers, taking them out and causing the shareprice to track down. This continued until equilibrium was reached at about 4.4 cents - well down from the previous days Close.

The flurry of activity was all over in half an hour. By then, those that really wanted out (the short-term traders) were out, and those that really wanted in ("the retail investors") were in. At this point, the traders had locked in profits of in excess of 50%, while the retail investors (the poor dumb schmucks that bought at the Open) were down by 0.7 cents with their "investment" already underwater, needing ESI to rise by 16% before they so much as crack even.

Now that the dust has settled, we can make some educated guesses as to the relative numbers here.
The big rise after the announcement would have been caused by both TA and FA buyers getting in, buying a total of 219 million shares. The following day (Friday) was a down day with a volume of 120 million. The sellers would not be FA advocates or medium/longterm TA followers. That pretty much leaves only the short-term traders. That probably means that of the 220 million shares bought on Thursday, 120 million were bought by short-term traders and dumped the next day.

This is all pure conjecture, of course. We can never know who is buying or selling - or why. Nevertheless, I regard the above as the most likely scenario here.

I must be getting a young version of dementia, i completely forgot about Friday (thinking it was), probably a good thing im not in the market at the moment!

[Lizard]

I Bought on Friday at the open. Why? 'cos I'm one of the
poor dumb schmucks
.

I think it's very nasty of that fast boy to start waving his big ribbed charts around in front of us nice medium-long term traders and referring to us in such coarse language!!! :p

[Lizard]

Though I should probably clarify that by stating that I haven't bought ESI - have a few questions about their IP and counter-parties. (Probably not really my thing, although the numbers are potentially impressive if they are to be believed.)

[h2so4]

I guess the shares picked up in the up trend by traders are now being dumped?

[soulman]

I picked up some ESI today simply because I think the dump are too severe and ESI are bound for a rebound before settling into a range between 3 and 4 cents.

[Phaedrus]

I guess the shares picked up in the up trend by traders are now being dumped?

Long gone. Most were sold on the 18th (see high volume) on the basis of the Dark Cloud Cover (1) and the W%R Sell signal (2).

Laggards bailed out the next day (volume still high, but falling). Stochastic oscillator Sell signal (3) and Downtrend confirmed (lower high and a lower low) (4).

For anyone that ignored all those triggers, both the Stochastic oscillator and the W%R repeated their Sell signals a few days later at points (5) and (6).

Williams'%R and Stochastic oscillators are very similar but nevertheless in this instance the W%R signals triggered a full day before the Stochastic oscillator. To avoid charges of curve-fitting, both indicators are shown here using their default values, but short-term traders often use shorter time periods than these to make the indicators more sensitive, giving earlier signals.

http://i602.photobucket.com/albums/tt102/PhaedrusPB/ESI630.gif

[yabster]

ESI up over 30% today on news of jv signing with Tincom - see announcement.

Anyone still in this - I don't hold any.

[Aotea]

Have a solid holding in both the heads and oppies. IMHO the ball is now rolling and should take off...the technology is good, and now that the first contract is in the momentum should continue. Only time will tell and most think its a dog.

[soulman]

When a share closed below their strong opening price, it doesn't signal positive outcome for the next session. More likely it will drop but I ain't a genius. It is ESI 2nd biggest volume for the year. I am tipping a down day today on half the volume.

[steve fleming]

got back into ESIO on Friday

ESI is cashed up, post 6c cr, and plenty of near term deals, and refreshed and improved board.

Market cap is $6.5m, with Korea, China, Vietnam and Japan all now showing interest in Coldry.

Big volume in the heads on Friday. Has been trading 5c/6c the last 3 months, so hopefully 40m at 6c on Friday has churned through some surplus supply.

[steve fleming]

got back into ESIO on Friday

ESI is cashed up, post 6c cr, and plenty of near term deals, and refreshed and improved board.

Market cap is $6.5m, with Korea, China, Vietnam and Japan all now showing interest in Coldry.

Big volume in the heads on Friday. Has been trading 5c/6c the last 3 months, so hopefully 40m at 6c on Friday has churned through some surplus supply.

Maybe add India to the list now.....you would think sooner rather than later , ESI will pull off a company making deal, given the apparent`extent of the interest in the technology.

At least the long termers on h/c (rupert, amazed etc) finally seem happy enough.

[shasta]

Maybe add India to the list now.....you would think sooner rather than later , ESI will pull off a company making deal, given the apparent`extent of the interest in the technology.

At least the long termers on h/c (rupert, amazed etc) finally seem happy enough.

Steve

Is SP3 still posting over on H/C, i know he was very keen on ESI

[steve fleming]

Steve

Is SP3 still posting over on H/C, i know he was very keen on ESI

Hi Shasta, yes SP3 is still around on h/c - he has ridden the highs and lows of ESI

I actually see SP3 started this thread. Didn't realise he was on ST as well.

[shasta]

Hi Shasta, yes SP3 is still around on h/c - he has ridden the highs and lows of ESI

I actually see SP3 started this thread. Didn't realise he was on ST as well.

He came over with some of the "Uran clan" after H/C went all feral, but not many of that lot still on here & posting.

Havent been on H/C in years, I only post on Sharetrader these days

Surprised ESI didn't get more attention after the Japan Tsunami, & following nuclear problem, probably given Coal another 20 years as a major power source

[drillfix]

He came over with some of the "Uran clan" after H/C went all feral, but not many of that lot still on here & posting.

Havent been on H/C in years, I only post on Sharetrader these days



Yes indeed Shasta, the good ole' bad old days of the Uran Con Job. (not investment, a real con)

And as you say, there was a whole clan that came over here and not many actually come back, though a few drop in to continue reading and still checking out or catching up, which is good to see when they do.

SP3 as Steve has pointed out is still on ESI both highs and lows and posting away on HC.

I dont know where he gets his stamina or patience for companies like ESI as there are over a Billion shares plus stacks of options in the Co, so slowly but surely its been diluted to all buggery.

ESI is not really my cup of tea but I hope all the dream seekers make their fortunes from it.

[Entrep]

This is up to around 1.1c - 100% increase. Something brewing!

[drillfix]

This is up to around 1.1c - 100% increase. Something brewing!


Yeah this one crept up out of no where.

Viewing at the daily and weekly though, currently showing overbought and dont really like the close of yesterday so take caution on this one folks, as it seems to have 2 gaps to fill as well.

Plus the mob on you know which forum doing their cheering is also going to help orchestrate self fulfilling prophecy up to a point.

[Entrep]

Yup was always going to take a breather and I don't think today will be pretty. Managed to sell out around 1/3 of my holding yesterday at .013 and now basically free carried. Determined to see where this will lead!

[steve fleming]

got back into ESIO on Friday

ESI is cashed up, post 6c cr, and plenty of near term deals, and refreshed and improved board.

Market cap is $6.5m, with Korea, China, Vietnam and Japan all now showing interest in Coldry.

Big volume in the heads on Friday. Has been trading 5c/6c the last 3 months, so hopefully 40m at 6c on Friday has churned through some surplus supply.

So ESI has bounced 150% since this post a couple of months ago (6c to 15c).

Looks like the Board has done pretty well to secure $4m in funding, which removes a lot of the near term risk.

Thankfully the new management had the sense to ditch those La Jolla predators.

[Lizard]

Yes, I was thinking we should start an "ex-La Jolla Cove" thread... it seems to be good trading when companies finally get the last of the LJC share issues sold through the market... CLQ was a good one. I've noticed BLT exit and must have cleared the overhang (although going nowhere yet) and CDY was getting out, though possibly yet to clear the stock through the market. MIK might come right if they can find the funding to ditch them.

What stops companies selling their own shares on market instead of effectively paying LJC to do it in a reckless fashion? Is there a rule against it or is it a practical difficulty?

[pago]

So ESI has bounced 150% since this post a couple of months ago (6c to 15c).

Looks like the Board has done pretty well to secure $4m in funding, which removes a lot of the near term risk.

Thankfully the new management had the sense to ditch those La Jolla predators.

hi steve
i need to correct your post
esi sp is not 15c
it is 1.5c
cheers

[pago]

esi has secured funding from monash
this maybe the turn to a multibagger
ESI, www.ectltd.com.au
cheers
pago

[pago]

hi
least i have offended steve
steve got his decimal point wrong
thats all
the % increase is ok
much more to come
cheers pago

[steve fleming]

hi
least i have offended steve
steve got his decimal point wrong
thats all
the % increase is ok
much more to come
cheers pago

No problems, Pago.
thanks for picking me up on that!

Maybe 15c is on the cards in a couple of years?!

[steve fleming]

This is getting big coverage on the news this morning - would be the making of ESI!

http://www.heraldsun.com.au/news/more-news/rich-coal-deal-promises-thousands-of-new-jobs/story-fn7x8me2-1226304538901

MASSIVE new stocks of Victorian coal will be exported to China, India and Japan in a multi-billion dollar plan that is expected to create thousands of new jobs and kick-start the economy.








The Baillieu Government is planning to unlock vast resources of brown coal in the Latrobe Valley in a controversial plan to fire overseas power stations and bring the resources boom to Victoria.
Energy Minister Michael O'Brien yesterday confirmed the Coalition was seeking expressions of interest for new allocations of coal that were hoped to deliver hundreds of millions of dollars in royalties, as well as billions of dollars of investment in mines, processing and infrastructure.

The move flies in the face of the Gillard Government's efforts to slow greenhouse gas emissions through the carbon tax and will inflame environmental groups and the Greens.
But Mr O'Brien said the Baillieu Government was determined to make the most of one of the world's biggest deposits of brown coal.
"The Government believes that brown coal can and should play a key role in our energy future," Mr O'Brien said.
"Encouraging new investors and the right technologies could deliver a new generation of industry in the Latrobe Valley, boosting the local economy and creating new jobs."
Victoria is sitting on an estimated 430 billion tonnes of brown coal, of which 33 billion tonnes could be unlocked from the Latrobe Valley.
But there are doubts about whether the technology needed to dry brown coal - which has a high water content - is advanced enough.
About 65 million tonnes of brown coal is mined in the Latrobe Valley for domestic use each year, but none is exported.
The Government yesterday said it would not speculate on how much additional coal it would allow to be mined until the outcome of the allocation tender process was completed.
But the Coalition claims interests from China, India and Japan are already lining up to buy the coal for low-emission activities including conversion to diesel oil and drying it for export.
The new arrangements are not expected to affect allocations already in place, including coal for the Hazelwood power station.
Victorian Greens MP Greg Barber said exporting Victorian coal would lead to onshore and offshore environmental damage as well as driving up the price for domestic power stations.
He also raised doubts about how interested overseas markets were in brown coal, which would be difficult to transport and provides less energy than black coal.
"Whether the pollution is in another country or Australia, it is doing great damage to the environment and it is quite likely to push up our own power prices in the process," he said.
"If they are exporting it dry there will be huge emissions in Victoria - just associated with getting it ready for export."

[pago]

hi steve
esi up .02 to 1.8c.today
esio up 37% ,.03 to 1.1c.
since mid jan esio is up nearly 300%.
imo there is more to come but it is very difficult to place a value on this share as we dont know how big the projects maybe and esi share of the pie.

cheers
pago

[steve fleming]

Hi Pago,ESI pushing past 2c....so ESIO now in the money!

ESIO bid up to 1.4 at the moment! Unbelievable (Edit make that 1.6....WTF???)

Hopefully ESI will hold 2c once the hype dies down!

[steve fleming]

Hopefully ESI will hold 2c once the hype dies down!

Now I am no TA guru, but I think convincingly holding 2c on such a big volume day was pretty important.

Was looking a bit touch and go there as the selling picked up pace pre-close.

[drillfix]

Here is an EOD intraday of ESI Stevo~!

ESI > http://www.imageurlhost.com/images/v2ugahvuitwtzdor7tw_ESI.png

Some strong and mostly positive indicators on the daily being RSI, OBV, DMI, MFI

It also has its EMA structure starting to line up which is also great.

Though there seems to be a pattern with many Juniors or specks that after they do this they can either take a long breather or the momentum can keep them in motion so really IMO, its up to global sentiment as well as our local Risk On factors, and it appears Risk is on atm.

On the above lower left chart on the above pic shows some potential weakness setting in, however I would also keep an eye on the daily W%R for a break through the diagnoal support line which may indicate a breather in progress when it does happen.

Much prefer stocks that gradually climb consistently over ones that smash up ward each day as those type of stocks also do the same in reverse should it come to such move.

Come to think about it, I now remember once having an order in on the Options a while ago at 0.003c which I just missed out on. Ahh well~!

Anyway, good luck there with ESI :)

[steve fleming]

Thanks for that Drill!

After months of consolidation around 0.5c / 0.6c once it broke out of that range, it has been on the increase ever since.

I think the break of 2c is pschologically pretty important - given that is the X- price for the ESIO. Hopefully there will be sufficient news flow over the coming months to keep the momentum going.

ESI has always been handicapped in the past by its lack of funding, living off the smell of an oily rag.
Those days appear to be over, giving Management the opportunity to really focus on drving the business / commercialisation.

[pago]

hi steve
im happy with the esio finish at 1.4c
couldnt see it holding 1.6c.

been checking out the competition
it seems a german company(RWE) has similar tech.
cheers

[steve fleming]

Here is an EOD intraday of ESI Stevo~!

ESI > http://www.imageurlhost.com/images/v2ugahvuitwtzdor7tw_ESI.png

Some strong and mostly positive indicators on the daily being RSI, OBV, DMI, MFI

It also has its EMA structure starting to line up which is also great.

Though there seems to be a pattern with many Juniors or specks that after they do this they can either take a long breather or the momentum can keep them in motion so really IMO, its up to global sentiment as well as our local Risk On factors, and it appears Risk is on atm.

On the above lower left chart on the above pic shows some potential weakness setting in, however I would also keep an eye on the daily W%R for a break through the diagnoal support line which may indicate a breather in progress when it does happen.

Much prefer stocks that gradually climb consistently over ones that smash up ward each day as those type of stocks also do the same in reverse should it come to such move.

Come to think about it, I now remember once having an order in on the Options a while ago at 0.003c which I just missed out on. Ahh well~!

Anyway, good luck there with ESI :)

2c will be under pressure today Drill?

[drillfix]

2c will be under pressure today Drill?

No doubt about it Steve, and as I type its just about gone with only just over half a million volume left on 2c

Williams%R is now starting to break that previous line drawn on the chart and the 60 min left lower chart MACD and price is now breaching the 13ema so chances it will see 1.8c today is a possibility should further pressure continue.

Opposing that, there could also be a bounce after a flush out, which in time the market or traders will decide.

[Aotea]

Am loving the ESI story coming right...one minute I hold a couple of million oppies down 75%, next thing they are up 80%..

There are some huge numbers being thrown around about ESI, and if a tenth of it is true, they will have a MC of a billion in a year or two. Could be the stock of the year...

Good luck to all you long term holders who have been to oblivion and back- next couple of weeks will be telling.

[pago]

hi
another run up today.
general meeting on 27/4/12,not far away.
where will esio finish today?1.8c?
cheers

[Aotea]

Would be a crate of pis that ESI becomes the market darling for 2012...the potential upside is simply insane...


hi
another run up today.
general meeting on 27/4/12,not far away.
where will esio finish today?1.8c?
cheers

[steve fleming]

got back into ESIO on Friday

ESI is cashed up, post 6c cr, and plenty of near term deals, and refreshed and improved board.

Market cap is $6.5m, with Korea, China, Vietnam and Japan all now showing interest in Coldry.

Big volume in the heads on Friday. Has been trading 5c/6c the last 3 months, so hopefully 40m at 6c on Friday has churned through some surplus supply.

ESI is an interesting example re TA vs FA.

As it turned out, the 40m volume day referred to above less than 3 months ago preceeded a break-out from the 5c/6c range with ESI heading up unstoppable ever since.

the heads at .6c in January are now at 2.6c (3 and a half bagger) 3 months later
ESIO at .3c in January are now at 1.8c (5 bagger)

Now ESI is definitely fundamentally better than it was 3 months or a year ago (cashed up, improved board/management, more deal flow, no La Jolla) but how much fundamentally more (2 times, 5 times 10 times?) is it worth? - it is absolutely impossible to value.

As Aotea says there is massive upside, but how much is it valued at (ie using an FA approach)? - it would be impossible to value. Its worth what the market thinks it is worth.

As time goes on, you would expect ESI to get more and more de-risked, but putting a value on this is very difficult, again, its just what the market thinks it is worth.

I am not the biggest TA advocate, but in this case IMO you have to follow it closely here.

[steve fleming]

ESI is an interesting example re TA vs FA.

As it turned out, the 40m volume day referred to above less than 3 months ago preceeded a break-out from the 5c/6c range with ESI heading up unstoppable ever since.

the heads at .6c in January are now at 2.6c (3 and a half bagger) 3 months later
ESIO at .3c in January are now at 1.8c (5 bagger)

Now ESI is definitely fundamentally better than it was 3 months or a year ago (cashed up, improved board/management, more deal flow, no La Jolla) but how much fundamentally more (2 times, 5 times 10 times?) is it worth? - it is absolutely impossible to value.

As Aotea says there is massive upside, but how much is it valued at (ie using an FA approach)? - it would be impossible to value. Its worth what the market thinks it is worth.

As time goes on, you would expect ESI to get more and more de-risked, but putting a value on this is very difficult, again, its just what the market thinks it is worth.

I am not the biggest TA advocate, but in this case IMO you have to follow it closely here.

Craziness on ESI / ESIO today....

ESIO heading for my first 10 bagger of the year

[JBmurc]

Craziness on ESI / ESIO today....

ESIO heading for my first 10 bagger of the year

yes some large volume buying.....got a very small few opts

Any idea how high this could go .

[Aotea]

Welcome aboard JB.

How would $1 by the end of 2014 sound, thats my guess, and it could come before then. As I have always suggested ECT will either be bankrupt or $1+ in no time.

Take a look at the m cap for WEC for guidance. This tech is the best in the game with potable water as a by-product and less energy inputs compared to the competition.

Like you Steve, Im closing in on a 10 bagger for a significant top-up made a couple of months ago.

Enjoy...


yes some large volume buying.....got a very small few opts

Any idea how high this could go .

[pago]

hi guys
daytraders all over esi
esi low 2.6c high 3.9c close 3.2c
esio low 1.7c high 2.6c close 2.2c.

daytraders having a ball,at least three big swings today
i am happy with esio close at 2.2c.
more to come
cheers

[JBmurc]

Welcome aboard JB.

How would $1 by the end of 2014 sound, thats my guess, and it could come before then. As I have always suggested ECT will either be bankrupt or $1+ in no time.

Take a look at the m cap for WEC for guidance. This tech is the best in the game with potable water as a by-product and less energy inputs compared to the competition.

Like you Steve, Im closing in on a 10 bagger for a significant top-up made a couple of months ago.

Enjoy...

I'll be stoked to see my 2.4c opt buy go up 30%+ in the short term

[Aotea]

I'll be stoked to see my 2.4c opt buy go up 30%+ in the short term

How does this Friday sound?

[JBmurc]

How does this Friday sound?

be a good start

[Aotea]

Would expect a nice rise in the sp over the next week with the aussie patent sealed. Daytraders will be all over it on monday for sure..
JB would put a crate on it you get your 30% rise by weeks end.

[JBmurc]

Would expect a nice rise in the sp over the next week with the aussie patent sealed. Daytraders will be all over it on monday for sure..
JB would put a crate on it you get your 30% rise by weeks end.

that'll be a great as I doubled my holding @2c

[Aotea]

good stuff JBM, its a high risk high reward punt...will eitherbe $2 or bankrupt in the future, and given how it could change the coal industry for the positive, i want to be part of the story. Hold close to 1.5M of these so am enjoying how it has played out recently.

[steve fleming]

The quality and knowldege of the hot copper posters on ESI is really impressive.

There are quite a few major holders and insiders who post, so they provide prettty interesting reading.

[pago]

hi steve
difficult to make much sense from what has been said over there.
the reasons why resolution 2 was withdrawn?
suggestions of board hidden agenda?
takeover?
who knows what?

cheers

[Aotea]

Dont worry pago, while Rupe is generally a wise man worth listening too, I think he is on the electroc puha recently. Am sure the clarity of his posts will come right and yes, the quality of the hotcopper esi posts are second to none...

[pago]

aotea
not worried at all
cheers

[Joshuatree]

Hi pago and others ,I'm browsing the threads and see your enthusiasm on ESI.Is it a pump and dump ,or are you in it for the long term and do you see much more upside? cheers

[pago]

hi josh
i dont advise people to buy xyz share.
too many variables,any stake needs constant monitoring.
dyor.make your own risk/reward call.

to answer your questions
i do not believe the recent esi price increase is a pump and dump but rather a rerating based on the progress made by the new board.
my position is hold but i watch esi closely should there be anything to change my mind.
further upside depends on more progress/good news for which there is hugh scope.
the possibility,some optimistic holders see probability,of multible contracts in oz and elsewhere for this tech to competively dry and market brown coal is hugh.
the carbon tax/aid is very relevant .esi has other irons in the fire.i wont say anymore.
do some research
cheers
pago

[Joshuatree]

Thanks mate. Congrats on getting in early and thanks for your thoughts.Wont research more just now(so many stocks so little time) but see the potential there re future contracts. Risk/reward wise looks higher risk at current price imo and i have enough higher risk stocks atm . I see its the 3rd most popular stock tipped in may H/C stock pick comp! Cheers

[JBmurc]

Would expect a nice rise in the sp over the next week with the aussie patent sealed. Daytraders will be all over it on monday for sure..
JB would put a crate on it you get your 30% rise by weeks end.

by the way Aotea I drink Heineken LOL

[Aotea]

JB, catching up is well overdue, so you can hold me to that...although a Heineken doesnt come in crates- settle for Double Brown?

[JBmurc]

JB, catching up is well overdue, so you can hold me to that...although a Heineken doesnt come in crates- settle for Double Brown?

As long as it cold it'll be all-good......yeah catch up for sure one of these days

[steve fleming]

Getting some air - time this morning:

http://www.theage.com.au/victoria/pilbara-plan-for-victoria-20120418-1x7ox.html

"THE Latrobe Valley could be transformed into a mining export hub on the scale of the Pilbara or the Hunter Valley thanks to new brown-coal technology, a senior Gillard government minister has declared.


Speaking at an international coal symposium, Resources and Energy Minister Martin Ferguson said Victoria could soon deliver its first export shipments of modified brown coal.


Read more: http://www.theage.com.au/victoria/pilbara-plan-for-victoria-20120418-1x7ox.html#ixzz1sQyTjeDa

[pago]

hi
esi getting some renewed interest today
heads 3.4 c
ops 2.2c. should be 2.4.
good volume
we need a positive an
cheers
pago
ps ,jb ,you are in the green

[JBmurc]

hi
esi getting some renewed interest today
heads 3.4 c
ops 2.2c. should be 2.4.
good volume
we need a positive an
cheers
pago
ps ,jb ,you are in the green

yeah sold out for a very slim profit as I doubled my holding at 1.8c then sold a week back at 2.2c .....just don't really know enough to hold while I see the likes of PGI-VIL-SSN round at crazy low levels

[Joshuatree]

Big drop today on no news.Hanging in Pago? cheers

[pago]

Big drop today on no news.Hanging in Pago? cheers

yes
havent seen a good reason to sell esi
but the macro scene is scary
the sell off ,imo,was due to
macro,greece,etc
the delay with the 3b ann


nice bounce back today
underlining support remains
cheers
pago

[Aotea]

Things with ESI is about to get interesting...

[Joshuatree]

From the announcement:

"The benefits of this project include:

- To ECT - A$5 per tonne royalty over 30 years.

- To TinCom - Security of supply of a competitive, high quality, back coal equivalent (BCE) feedstock for the export market at a stable price.

- To Victoria - Resource export earner. Jobs during construction and ongoing operation, plus the flow on to downstream industry, rail and port.

To the Environment:
*Lignite in its wet state is emissions intensive when used to generate power. By drying lignite, emissions are significantly reduced.
*The water recovered from the coal can be used in the power station. Loy Yang power station uses around 34 GL a year. At full production, the Coldry plant could return around 20 GL a year to the environment."

Sounds like a good deal all round.

So what happened to this 5 years ago

[Aotea]

it was pretty much a shambles five years ago to be fair....longterm holders are pretty optimistic that next week will be the start of a relationship with the indians.

have bought and sold over the years, the last buy of heads was at 0.002 when it was on life-support.

[Dej]

it was pretty much a shambles five years ago to be fair....longterm holders are pretty optimistic that next week will be the start of a relationship with the indians.

have bought and sold over the years, the last buy of heads was at 0.002 when it was on life-support.

Things are definitely about to get interesting. I bought some almost a year ago when I stumbled across them on HC. Basically already sitting on over 2x but think this is just the beginning.

Am currently in India.

They burn coal, lots of it.
They have pollution, lots of it.
They have promised every India electricity in the near future, huge challenge without using more coal.

ESI allows a "cleaner" coal which is a stepping stone for the India people. Obviously they will have to move away from coal eventually, but they won't be doing it for years.

That's why I am in. Guess we will see, really just depends on competence of management to work with the India government and corporations. Very different than Australia.

Anyways, back to my holiday.

[silverblizzard888]

Does anyone happen to know what happen to the Tincom deal back in 2012? The forum only speaks of its rise but doesnt seem to detail what happen to it.
I read a bit on wikipedia but that only speaks how big the deal could have become, but it never quite goes into what happened.
http://www.sourcewatch.org/index.php/Environmental_Clean_Technologies

The same things being announced back then are being announced now, look at those announcements you would have though ESI would be massive by now, but 4 years have gone and they are signing a deal with India and not Vietnam, China or Indonesia who seemed insided the loop at the time.

[Dej]

Does anyone happen to know what happen to the Tincom deal back in 2012? The forum only speaks of its rise but doesnt seem to detail what happen to it.
I read a bit on wikipedia but that only speaks how big the deal could have become, but it never quite goes into what happened.
http://www.sourcewatch.org/index.php/Environmental_Clean_Technologies

The same things being announced back then are being announced now, look at those announcements you would have though ESI would be massive by now, but 4 years have gone and they are signing a deal with India and not Vietnam, China or Indonesia who seemed insided the loop at the time.

As far as I am aware it was basically a failure where the teams where not aligned and nothing got off the mark.

Frankly, the timing then wasn't to good anyways. Now there is a lot of pressure for this type of technology, and India is a growing power house in the world economy and has a massively growing energy market. I feel the timing is better now.

[silverblizzard888]

As far as I am aware it was basically a failure where the teams where not aligned and nothing got off the mark.

Frankly, the timing then wasn't to good anyways. Now there is a lot of pressure for this type of technology, and India is a growing power house in the world economy and has a massively growing energy market. I feel the timing is better now.

Yup you are certain right on that, being green and efficient has not mattered more than the current time, especially since India is booming and will need a lot of coal to run their new power plants.

Todays signing will be monumental, if the deal with these two billion dollar entities prove to be as good as the Tincom deal then these guys will be rolling in it soon.

[Dej]

Todays signing will be monumental, if the deal with these two billion dollar entities prove to be as good as the Tincom deal then these guys will be rolling in it soon.

I will also be rolling in it :p

[Aotea]

I will also be rolling in it :p

Same here..long term holder and bought a number of times.
its been a painful experience but now are blue skies growth- am up several hunder percent after averaging down.

Very happy to be one of few to have ESI in the 2016 stock comp. It will be a huge year for ECT finally

[silverblizzard888]

The deal has been signed, if you go to http://www.uniindia.com/ you will see it on the breaking news tab and the fact that they mention in the way they have makes it sound like big news, I like the vibe of that.

A small article on it
http://www.uniindia.com/aussie-firm-signs-pact-with-nlc-nmdc-for-coal-drying-and-iron-ore-plant/other/news/349255.html

[silverblizzard888]

I like how this article talks up this deal as a partnership between two countries rather than companies.

"India, Australia signs treaty for tech supply"

In a bid to boost ambitious Make in India initiative, Australia and India today forged a partnership for providing unique technologies. Australias Environmental Clean Technologies (ECT) signed a treaty with Neyveli Lignite Corporation (NLC) and National Minerals Development Corporation (NMDC) at the Neyveli corporate offices in Tamil Nadu. The Australian company will deliver unique technologies that would enable countrys abundant lignite coal use for electricity and steel production.An Australian company has forged an important new partnership under Indian Prime Minister Modi's 'Make in India' initiative to deliver unique Australian technologies which enable Indias abundant lignite coal to be used for electricity and steel production, while at the same time minimising CO2 emissions, the Australian Consul-General to South India, Mr Sean Kelly announced.Under the Agreement, ECT, NLC and NMDC will jointly build an integrated Coldry low rank coal drying demonstration plant and a Matmor pilot iron ore plant as a launch pad for a global commercial roll-out of the technology. This exciting Australian innovation further reinforces Australias position as Indias pre-eminent energy partner, Mr Kelly said, while at the same time helping India reduce the carbon intensity of its rapidly growing steel industry that depends on coal.It is also a tangible example of the scope for Australians to bring their world-class technological innovations to India, adapting the technology to suit local requirements and working alongside Indian partners, resonating with Indian Government's Make in India initiative Mr Kelly said.

http://news.webindia123.com/news/Articles/India/20160119/2773316.html

[heisenberg]

ESI on a bit of a swing today, no activity here on ST for a while about it though, anyone involved?

[Dej]

ESI on a bit of a swing today, no activity here on ST for a while about it though, anyone involved?

Have been holding for a long time now - good to see some traction. Looks like NLC and NDMC are serious in trying the technology out and that the terms of financing (at least for the demo) are attractive.

Financing in first world countries takes years usually - cannot imagine how long it will take in India. This is definitely a long hold - but it is constantly derisking IMHO.