Can anybody explain to me why this stock has drifted down this week when the buying depth has consistently been much stronger than the selling orders. Doesn't make sense. Anybody???
ESI may finally be on the move. The company has had it's patented Coldry process valued by an independant valuer. The valuation has come back at a value of 82 to 106 million dollars. Not bad for a company with a market cap of around 30 million dollars. That should leave room for an increase in the SP.
WEC also do a not to dissimilar process. They have joined up with BHP and have been kicking goals for a while.
ESI have a long history of not delivering the goods. There is hope that it will turn around though.
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