Australian (ASX) Stock Market Forum

ESR - Estrella Resources

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Thoroughly enjoyed todays price action as ESR resumed trading after the halt for their "massive" news.
Opened at 0.048 and closed at 0.038. Can't provide further details as I am ROTFLMAO.
 
Since reporting news of their "Massive Nickel Sulphide Discovery (27/10/21) the price of ESR has settled very low. This amuses me because ESR* is also an acronym of a classic blood test, where blood is drawn up a glass tube and the blood cells are left to settle. If the patient is well the ESR reveals a very low number. The price of ESR the company has settled very low at the EOW but all isn't well.

That's not why I was ROTFLMAO. This chart showing two of my trades in ESR is the reason. These trades where managed by the firm "Dumb & Dumber." Instead of selling the first position, the firm averaged down with another buy. Dumb became dumber. Finally Mr Dumb realised his mistake and sold the first position for a larger than normal loss. This left the second position which wasn't looking much better. Well as you can see Mr Dumber got lucky with the price gapping up on the news (Massive Ni-S Discovery). Mr Dumber did the smart thing and sold on the open earning a little profit for his dumb luck. Mr Dumber was last seen chuckling as he left the office.

esr3110.PNG
Every trader appreciates a little bit of dumb luck.

*ESR - Erythrocyte Sedimentation Rate.
 
Since that "Stella" bit of luck ESR has gone down, down, down. Recently though, price has perked up once again. Another offtake agreement spike (when will they ever learn) that soon dissipated.

I read that ESR has sent a truckload (2500 tonnes) of Ni-S ore to the Glencore process facility. Lab assays underway to determine grade and moisture content. Results will indicate how ESR will proceed with development of their resource. Very early in the cycle at this stage.

Not for me but price action is bullish.
 
peter2 said:
Since that "Stella" bit of luck ESR has gone down, down, down. Recently though, price has perked up once again. Another offtake agreement spike (when will they ever learn) that soon dissipated.

I read that ESR has sent a truckload (2500 tonnes) of Ni-S ore to the Glencore process facility. Lab assays underway to determine grade and moisture content. Results will indicate how ESR will proceed with development of their resource. Very early in the cycle at this stage.

Not for me but price action is bullish.
Click to expand...
@peter2 - HNY.
Congrats for a great start with a sixer on your Jan tip.
rewinding Jan 23, I noticed you were the last commentator with an indication that price action for ESR was a bullish.
I am wondering if you or any other in ASF, have checked out ESR since then and what you see now ? The price looks like playing to find a bottom still and the company is probably searching a Lemur in Timor



1704201529860.png
 
2 posts in one year?
Haven't seen that since 2021.

Is that Manganese thing something to get excited about?
 

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